Using Portugal's extensive matched employer-employee data set, this paper documents an unusual feature of the Portuguese economy. For decades, the entire Portuguese firm size distribution has been shifting to the left. We argue in this paper that Portugal's shrinking firms are linked to the...

Serbia is a candidate to integration in the European Union. In this perspective, important transformations have been observed in recent years in the economy. The paper assesses three important aspects that may ease the accession, namely the diversity of economic activities, the diversification...

I investigate the aggregate effects of R&D tax credits in the US. Because it subsidizes R&D activity and because credit rates vary between states, this policy has both spatial and dynamic effects on the economy. To address this issue, I construct an endogenous growth model with spatial...

I investigate the aggregate effects of R&D tax credits in the US. Because it subsidizes R&D activity and because credit rates vary between states, this policy has both spatial and dynamic effects on the economy. To address this issue, I construct an endogenous growth model with spatial...

For the past fifteen years, urban employment has often been described by opposing strategic metropolitan jobs versus people excluded from the labor market. But, the pattern of the whole local labour market is changing, more and more fragmented, heterogeneous, diffuse in all the remaining spaces...

Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...

Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...

This paper presents a retrospective review of several key areas of work of the Capital Markets and Financial Institutions Division (CMF) of the Inter-American Development Bank. Presented with each chapter as an independent piece, the paper analyzes the operations portfolio of CMF from 2006 to...

· Job creation in the new EU Member States (NMS) and the EU candidate countries remains low despite high GDP growth in most countries. However, there are significant differences in developments among these countries (most recently between Poland and the other new Member States). · Labour...

· Job creation in the new EU Member States (NMS) and the EU candidate countries remains low despite high GDP growth in most countries. However, there are significant differences in developments among these countries (most recently between Poland and the other new Member States). · Labour...