Currency substitution has important implications for the cost of European monetary union--if it is significant it will help to reduce costs of convergence to a single currency. This paper informs the policy debate by testing for its existence on a consistent European database making use of...

In this paper we examine the relationship between the term structure of interest rates for six major European Union countries, to discover if the Exchange Rate Mechanism has lead to a converging of domestic term structures. We test this hypothesis using a model of international interest rate...

This article investigates the probability of the FDI location decisions of multinational enterprises using a mixed logit panel data model, which is the most flexible discrete choice model. We employ a three-level data set, which includes over 1100 FDI location decisions into 13 alternative...

The sports industry is viewed as being of growing economic significance, reflected in its promotion in public policy. One specific aspect of this policy is to argue that investment in international sporting success creates pride from sporting success, which contributes to subjective well-being...

This paper examines the impact that formal and informal associational behavior has on trust, as an indicator of social capital, across 32 countries. Ordinary Least Square regression identifies a weak effect of association with relatives on generalized trust, that sport and civic/political...

Including an array of distinguished contributors, this novel book fills a gap in the literature by addressing an important, yet under-researched, issue in the field of sports economics. It places great emphasis on the notion that sport is a significant component for improving the happiness,...

This paper investigates the determinants of the frequency and the probability of sports participation in Spain by applying the Zero-Inflated Ordered Probit (ZIOP) model. The ZIOP model allows to account for excessive zero observations and differentiate between genuine ‘non-participants’ and...

This paper examines the impact of sports participation upon the subjective well-being of individuals. Encouraging participation in sports activity is now an important public policy issue, as it is argued that there are benefits in terms of health and well-being to individuals as well as to...

This paper applies the Nested logit model to a three-level dataset in order to examine the factors explaining foreign investment location decisions into 13 Central and Eastern European Countries (CEECs) over an eleven-year period between 1997 and 2007. The three-level dataset allows firm,...