The objective of this paper is to identify the determinants of office capitalization rates for a panel of 52 countries (developed and emerging countries) between 2000 and 2006. Our assumption, based on a Capital Asset Pricing Model, is that the capitalization rate should be at least proportional...

In this paper, we investigate the evolution of office market risks and property prices in Central and Eastern European (CEE) cities since the transition period. We develop a methodology assessing if office property markets have been accurately evaluated in CEE cities, using as a benchmark the...

Using a model similar to the one developed by GLAESER et al. (1992) and HENDERSON et al. (1995), this article aims to explain the growth of regions in Europe by using a set of variables allowing to take into account the industrial structure, the economies of agglomeration and the economic...

Ayant modifié en profondeur l'environnement d'affaires, la mondialisation amène bon nombre de petites et moyennes entreprises (PME) québécoises, et plus particulièrement celles du secteur manufacturier, à devoir s'engager dans un processus d'internationalisation. Il s'avère cependant que...

In this article, we test for the existence of a relationship between per capita Gross Domestic Product (GDP) and trade, for 15 Spanish Autonomous Communities between 1988 and 2004, using a panel cointegration methodology. In particular, we implement several panel unit root tests (Maddala and Wu,...

Cet article évalue dans quelle mesure l’intégration économique européenne renforce ou atténue les différentiels de croissance entre les régions. En se basant sur les nouvelles théories du commerce international (Krugman et Helpman, 1985, Grossman et Helpman, 1990, 1991 et 1995,...