Title:Urban Growth Across Three Continents: The Blessing of Human Capital and the Curse of Volatility
Author(s):POELHEKKE, StevenDate:2008Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This dissertation is concerned with the empirical determinants of urban growth in developed countries, and the effects of macroeconomic volatility in less developed countries, on urbanization and long run income growth. ...
Title:Urban Growth, Uninsured Risk and the Rural Origins of Aggregate Volatility
Author(s):POELHEKKE, StevenDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The level of urbanization has increased by over 5 percentage points per decade outside
the developed world since 1960. Rapid urbanization was accompanied by fast economic
growth and job creation in most parts of the ...
Title:The US Trade Deficit, the Decline of the WTO and the Rise of Regionalism
Author(s):AGUR, ItaiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper argues that the growing US trade deficit has caused the decline of the
WTO and the rise of regional trade agreements. A country in de.cit prefers to retain
market power against countries with a large surplus. ...
Title:Use and Misuse of Unobserved Components in Economic-Forecasting
Author(s):MARAVALL, AgustinDate:1994Type of Publication:ArticleAbstract:The paper deals with unobserved components in economic time series within a general model-based approach. The component, its final estimator, and the preliminary one (which also includes the forecast) are seen to follow ...
Title:The Value Added Tax: Its Causes and Consequences
Author(s):KEEN, Michael; LOCKWOOD, BenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises
around 20 percent of the world’s tax revenue, and has been the centerpiece of tax reform in many developing
countries. ...
Title:Value of Information in Competitive Economies with Incomplete Markets
Author(s):GOTTARDI, Piero; RAHI, RohitDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
Title:Variance Decomposition
Author(s):LUETKEPOHL, HelmutDate:2008-01-01Type of Publication:Contribution to book
Title:Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2008Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms'net entry in the product market. In this paper we ...
Title:Vector Autoregressive Models
Author(s):LUETKEPOHL, HelmutDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Multivariate simultaneous equations models were used extensively for macroeconometric analysis when Sims (1980) advocated vector autoregressive (VAR) models as alternatives. At that time longer and more frequently observed ...
Title:Vertex Centralities in Input-Output Networks Reveal the Structure of Modern Economies
Author(s):BLÖCHL, Florian; THEIS, Fabian J.; VEGA-REDONDO, Fernando; FISHER, Eric O’N.Date:2011Type of Publication:ArticleAbstract:Input-output tables describe the flows of goods and services between the sectors of an economy. These tables can be interpreted as weighted directed networks. At the usual level of aggregation, they contain nodes with ...
Title:Vertical Integration and R&D Infort-Nation Flow: Is There a Need for 'Firewalls'?
Author(s):MILLIOU, ChrysovalantouDate:2004Type of Publication:ArticleAbstract:We examine the impact of R&D information flow on innovation incentives and welfare. in particular, we consider the case in which the information flows from a downstream nonintegrated firm to the downstream division of a ...