In light of the huge cross-country differences in job losses during the recent crisis, we study how labor market duality - meaning the coexistence of "temporary" contracts with low firing costs and "permanent" contracts with high firing costs - affects labor market volatility. In a model of job...

In this thesis, we theoretically and experimentally analyze three aspects of labor markets. We first ask whether the introduction of a minimum wage not only increases the wages of workers who previously earned less than this minimum wage, but also of those who earned considerably more already....

We study the role of employment protection legislation (EPL) in explaining the relative small average size of Italian firms. We construct a simple model that shows that the smooth relation between size and growth probability is disturbed in proximity of the thresholds at which EPL applies...

The economic and financial variables of economic agents determine macroeconomic variables. Current models consider agents’ variables that are determined by the sums of values and volumes of agents’ trades during some time interval Δ. We call them first-order economic variables. We describe...

The purpose of this research is the development of theory on how industrial ecosystems can be driven by policy and government interventions, especially when motivated by the pursuit of “technological sovereignty” as political objective. Theoretical foundation of the research forms a...

We study the impact of bond exchange listing in U.S. publicly traded corporate bond markets. We find that listed corporate bonds have lower estimated bid-ask spreads than unlisted corporate bonds. Specifically, we show that listed bonds have estimated spreads of $0.14 lower than unlisted bond...

The increasing governmental interest in fostering the Artificial Intelligence sector in Britain has rapidly increased; the United Kingdom has recognised AI’s significance and incorporated it into its policy frameworks. The UK’s Industrial Strategy framework of 2017 emphasises the need for...

The pharmaceutical industry has experienced a remarkable surge in "coopetition," wherein rival companies join forces to pursue shared objectives, leading to a dynamic business environment fraught with tensions resulting from the coexistence of strong, contradictory forces of competition and...

This work employs the Autoregressive Distributed Lag (ARDL) approach to investigate the nexus between macroeconomic variables and inflation in Madagascar. The findings reveal significant impacts of various factors, including imports, GDP, exchange rates, and oil prices, on inflation dynamics....

This study examines the determinants of inflation in Madagascar using an ARDL model and World Bank data. The results highlight several key factors, including economic growth, fluctuations in oil prices, import dependency, and exchange rate variations, which contribute to inflation in the...