This paper presents a bayesian approach to analyze regional elasticity distributions with a regular translog cost function. It is known that a proper statistical analysis concerning elasticities can be performed only with the bayesian approach. Morover we can take advantage of this methodology...

The paper attempts to assess the impact of public policies on closing the regional gap between regions in Italy. In the 1990's Italian Southern regions occupy the same position within the nation that they held in 1951. Since the fifities an array of public policies has been devised and partially...

Using two sets of input-output tables, this paper analyses the role of the construction sector in the North and South regions of Italy, from 1959 to 1992. As expected, the sector has had differing impacts on the two regional economies over the years. In the highly developed North its importance...

Using OECD input/output tables at current and constant prices, this paper analyses the performance of the construction sector of eight highly industrialized countries - Australia, Canada, Denmark, France, Germany, The Netherlands, Japan and the USA - in the 1970s and 1980s. First, the main...

Asymmetric wars of attrition between speculators and a Central Bank can provide a useful framework to address currency crisis length and explain why a speculative attack can fail after some time. Interest rate defence can be analysed too. A non-linear relationship between interest rates and peg...

In 1992, Ranko Bon argued that in highly developed countries the relatively declining economic importance of the construction industry is followed by the absolute decline of its output. The shrinking volume has implications with production capacity that, at a certain point of economic maturity,...

This paper presents a bayesian approach to analyze regional elasticity distributions with a regular translog cost function. It is known that a proper statistical analysis concerning elasticities can be performed only with the bayesian approach. Morover we can take advantage of this methodology...