Focusing on the characteristics of destinations, this paper pursues to identify the role of spatial spillovers in driving location choices of manufacturing and services' firms. With this objective a spatial conditional logit framework is defined, allowing for neighbourhood-related spatial...

Local amenities are an important factor in the location choice of households. Heterogeneity in preferences of households tends to sort households over different locations which satisfy best their preferences given their constraints. In this paper, we analyze the effect of cultural heritage on...

Early, the convergence theory was suggestively expressed in the Solow model. This can be shown in line with the fact that while economic development is advancing (expressed by the income per capita growth), on long run there is a general convergence process among countries. Generally, empirical...

Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

While the question of the specification of spatial weight matrix is now largely discussed in the spatial econometrics literature, the definition of distance has attracted less attention. The choice of the distance measure is often glossed over, with the ultimate use of the Euclidean distance....

This paper focuses on how corruption affects an important internationalization behavior of firms: the extent of control - wholly owned subsidiary or equity participation - exercised by firms involved in cross-border mergers and acquisitions (M&A). Recently, scholars have recommended studying the...

The focus of this paper is on cross-region R&D collaboration funded by the 5th EU Framework Programme (FP5). The objective is to measure distance, institutional, language and technological barrier effects that may hamper collaborative activities between European regions. Particular emphasis is...

In 2006 was approved, in Brazil, a new regulatory framework, named General Law of Micro and Small Enterprises (MSEs), regulating and expanding special conditions for MSEs - that representing more than 90% of companies in Brazil. The Law introduces differential treatment to MSEs for starting a...

Using panel data covering 25 cities in the Yangtze River Delta (YRD) and 21 cities in the Pearl River Delta (PRD) over the 1991-2010 period, the paper applies spatial Durbin model with ML estimation techniques to examine the underlying relationship between the productivity of the host cities and...