Although 50 years of scientific work has been invested in building retrospective economic time series, their reliability is still debated, a good example being the two competing nineteenth century French GNP series. Instead of trying to bring up some new details to gauge their respective...

The paper estimates a job search model with savings on Danish microdata that include observations on wealth and wages. Controlling for extensive observed and unobserved worker characteristics heterogeneity, the estimation relates observed unemployment spells to the model implied hazard rate for...

El modelo social europeo está siendo objeto de un intenso debate que trata de establecer en qué medida se ha visto afectado por los cambios socioeconómicos que han experimentado las economías europeas en las últimas décadas. Aunque cada Estado Miembro es responsable de la organización y...

In this article, we present an overview of the theoretical and empirical literature on infrastructures and growth. We review the different approaches of this link, starting from the earlier themes of the Big Push and of exogenous growth, to the recent renewal of growth theories and of spatial...

This study employs Monte Carlo experiments to evaluate the performances of a number of common panel data estimators when serial correlation and cross-sectional dependence are both present. It focuses on fixed effects models with less than 100 cross-sectional units and between 10 and 25 time...