The aim of this paper is threefold. First, we analyze the comovements of the business cycles of European regions. Second, we date these business cycles, for the first time in the literature, and identify clusters of regions with similar business cycle behavior, using Finite Mixture Markov...

To date, only annual information on economic activity is published for the 16 German states. In this paper, we calculate quarterly regional GDP estimates for the period between 1995 to 2020, thereby improving the regional datbase in Germany. The new data set will regularly be updated when...

The aim of this paper is to revisit a former paper on the Portuguese housing market (1995), acknowledging for spatial effects in order to interpret housing market changes over 1995-2001. The paper will include a first section devoted to explain the differences between the OLS regression analysis...

This paper represents a continuation of a previous paper, Mutaşcu & Dima (2005), where we demonstrated the “abnormal” behavior that local authority from Romania is manifesting regarding the subventions received from the central budget. In accord with public choice theory, exist an...

This study investigates the relationship between road infrastructure capital stock and total factor productivity (TFP) in Japan using the R-JIP 2017 database, allowing us to estimate TFP by considering the input quality. Using the growth accounting method, we estimate the TFP of each industry in...

There are no book length treatments of spatial spillovers that provide theoretical and empirical analyses of this topic within different regions in the continent of Asia. As such, the primary objective of this book is to provide expansive studies of spatial spillovers and their salience by...

In Romania, the issue of economic inequalities and regional convergence is one of the current important topics on which the attention of economic specialists and the decision-making factors is focused. In the current context, the regional policy in Romania is implemented at regional level, the...

We checked against the law of one price between urban and rural consumer price indices of goods and services in Nigeria, using data that span January 1995 to April 2024. By first testing for persistence in price indices, we found a similar pattern of persistence that is non-mean reverting in all...

In 2017 the US Congress passes and President Donald J. Trump signs the 2017 Tax Cuts and Jobs Act. Part of the legislation allows states to create economic opportunity zones (EOZs), census tracts which will be targeted for business investment and economic development through federal tax...

The gap in the employment dynamics between larger urban areas and other areas has widened dramatically in recent decades in advanced economies. A proposed explanation for this trend argues that the technological change occurs with greater intensity in larger urban areas than in medium and small...