Theoretical reasoning justifies different signs of the relationship between the local variation in unemployment rates and the extent of workers reallocation. This paper aims to test different theoretical hypotheses in the case of Italy by using the longitudinal files of the Italian labour force...

We examine the determinants of commercial real estate investments using a unique set of panel data series for 47 countries worldwide, ranging from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real estate investment...

I address the construction of hurdle rates for 66 countries that adequately compensate investors for the real estate specific market risks involved when investing, operating and exiting a foreign market. To estimate the market-based framework, I run random effect panel regressions for a period...

In the paper, panel data model of the interregional migration among 79 districts in Slovakia within 2005-2010 periods was estimated. Explanatory factors of unemployment, real wages and density of population were considered threefold: in the district inflow, outflow and net inflow models. In most...

Until recently, regional labour market imbalances were considered transitory phenomena, a consequence of state failure in generating distorted investment incentives in depressed regions as well as of excessive labour market rigidities. Labour mobility and wage flexibility were at the core of the...

The aim of this book is to contribute to the debate on the continuity/fracture of regional patterns of development and employment in old and new European Union (EU) regions. Several contributions in this book suggest that a factor common to all backward regions, often neglected in the...