This article employs a short-term specification of the symmetric generalised McFadden (SGM) cost function capable of accommodating quasi-fixed factors and variable returns. Temporary equilibrium and scale economies are investigated while maintaining the consistency of the estimated model with...

This article proposes an empirical model to investigate the long-run decline of the agricultural sector during economic growth. Within a two-sector representation of open regional economies, agricultural decline eventually results from the interaction of few underlying driving forces acting on...

This article investigates the long-run decline of the agricultural sector during economic development and its contribution to this process. A two-sector model is proposed where the share of agriculture, relative prices and capital accumulation are simultaneously determined within the economy....

Esposti R. and Bussoletti S. Impact of Objective 1 funds on regional growth convergence in the European Union: a panel-data approach, Regional Studies 41, 1-15. This paper investigates the impact of Objective 1 structural funds expenditure on European Union regions by estimating an augmented...