The overarching question this paper is trying to address is: "Can we rely on market forces and competition to deliver 5G the way it delivered GSM, 3G, and 4G, or do we need another approach?". The metric used in the paper is payback period, which while it is not an economically "rigorous"...

The overarching question this paper is trying to address is: "Can we rely on market forces and competition to deliver 5G the way it delivered GSM, 3G, and 4G, or do we need another approach?". The metric used in the paper is payback period, which while it is not an economically "rigorous"...

A region’s pattern of growth depends on its power to attract economic activities and the right blend of people to run them. This power depends on economic and social factors that may be combined into a variable which is referred to as the Image of a region and has been presented in...

Abstract The author assumes that globalization and its regional and local impacts have an important role in nowadays' economics. Paradoxically, challenges arising from the unification of the world have made the necessity for regional and local answers stronger. The transformation of the labor...

In the expansionary phase of the economy (1995-2007) and, particularly after the Euro introduction, credit to the business sector increased significantly in Europe. According to surveys of the EC-Flash Eurobarometer (2005), over 77% of SMEs claimed to have appropriate funding levels. A number of...

This paper studies the demand for mortgage debt in the Netherlands. Currently the size of this debt exceeds that of GDP, which makes is interesting to look at its determinants. We argue that the absence of a downpayment constraint is important and focus on two other issue. The first is the...

Firms locate in different areas for different reasons. However, some of them tend to move a new place in order to achieve alternative goals. For instance, the manufacturing survey in 2005 reflects that 30 per cent of the manufacturing firms in the Istanbul Metropolitan Area would like to...

Using firm level data on Italian and Turkish manufacturing industries we investigate the differences in survival patterns of foreign owned and domestic firms testing the hypothesis of foreign multinational enterprises (FMNEs) ?foot-loose? behavior (in line with seminal studies such as Görg and...

Up to now, the analyses of the current “Great Recession†have been mainly confined to the national and international scale leaving aside the differential effects of the crisis upon regions and smaller areas. Although the current crisis has a strong international and global flavor, it...

This paper introduces a model which identifies the economic activity of each local economy (location) and observes the time distance between each pair of locations as well as the average time distance between sub locations in each local economy. We focus on three categories of firms: (i)...