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IMDEA
(37 results)-
White Papers
Decentralization, Happiness And The Perception Of Institutions
April 1, 2011, 12:00am PDT
This paper analyses whether the different powers and resources at the disposal of local and regional governments across Europe deliver greater satisfaction with political institutions and lead to...
Provided by IMDEA
-
White Papers
Firm Dynamics, Job Turnover, And Wage Distributions In An Open Economy
April 9, 2011, 12:00am PDT
This paper explores the effects of tariffs, trade costs, and firing costs on firm dynamics and labor markets outcomes. The analysis is based on a general equilibrium model with labor market search...
Provided by IMDEA
-
White Papers
When Local Interaction Does Not Suffice: Sources Of Firm Innovation In Urban Norway
February 1, 2011, 12:00am PST
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the...
Provided by IMDEA
-
White Papers
On The Economics Of Hedge Fund Drawdown Status: Performance, Insurance Selling And Darwinian Selection
January 1, 2011, 12:00am PST
In this paper, the authors study the drawdown status of hedge funds as a hedge fund characteristic related to performance. A hedge fund's drawdown status is the decile to which the fund belongs in...
Provided by IMDEA
-
White Papers
Can The Economic Impact Of Political Decentralisation Be Measured?
January 1, 2011, 12:00am PST
This paper examines whether, given the increasing salience of subnational governments, political decentralisation has an impact on overall economic performance. It uses panel data analyses in...
Provided by IMDEA
-
White Papers
Economists As Geographers And Geographers As Something Else: On The Changing Conception Of Distance In Geography And Economics
November 1, 2010, 12:00am PDT
In the lifetime of the Journal of Economic Geography geographers and economists have followed diverging paths to the study of the location of economic activity which, paradoxically, has resulted...
Provided by IMDEA
-
White Papers
House Prices And Risk Sharing
August 1, 2010, 12:00am PDT
Homeowners in the Panel Study of Income Dynamics are able to maintain a high level of consumption following job loss (or disability) in periods of rising local house prices while the consumption...
Provided by IMDEA
-
White Papers
Do Clusters Generate Greater Innovation And Growth? An Analysis Of European Regions
July 1, 2010, 12:00am PDT
The analysis of clusters has attracted considerable interest over the last few decades. The articulation of clusters into complex networks and systems of innovation - generally known as regional...
Provided by IMDEA
-
White Papers
Is Fiscal Decentralization Harmful For Economic Growth? Evidence From The OECD Countries
May 1, 2010, 12:00am PDT
The global drive towards decentralization has been increasingly justified on the basis that greater transfers of resources to subnational governments are expected to deliver greater efficiency in...
Provided by IMDEA
-
White Papers
Migration, Wages, And Parental Background: Obstacles To Entrepreneurship And Growth In East Germany
May 1, 2010, 12:00am PDT
For the last decade, the East German economy has been suffering from high unemployment and low economic growth. Policy makers often point to the lack of entrepreneurship as one of East Germany's...
Provided by IMDEA
-
White Papers
Tax Rates, Governance, And The Informal Economy In High-Income Countries
December 1, 2010, 12:00am PST
Approximately 16.7% of output in high-income OECD countries is produced informally. There exists a positive (negative) relation between tax rates (governance quality) and informality across...
Provided by IMDEA
-
White Papers
How Much Competition Is A Secondary Market?
April 1, 2010, 12:00am PDT
Do active secondary markets aid or harm durable goods manufacturers? The authors build a dynamic equilibrium model of durable goods oligopoly, with consumers who incur lumpy costs when transacting...
Provided by IMDEA
-
White Papers
Do Institutions Matter For Regional Development?
January 1, 2010, 12:00am PST
This paper discusses whether institutions matter for regional development and how to integrate them in regional development strategies. It finds that while institutions are crucial for economic...
Provided by IMDEA
-
White Papers
Economic Geographers And The Limelight: The Reaction To The 2009 World Development Report
January 1, 2010, 12:00am PST
The reaction of economic geographers to the World Bank's World Development Report 2009 - Reshaping Economic Geography - has so far been a corporatist turf-protecting exercise. The report has been...
Provided by IMDEA
-
White Papers
Spatial Development
February 1, 2011, 12:00am PST
The authors present a theory of spatial development. Manufacturing and services firms located in a continuous geographic area choose each period how much to innovate. Firms trade subject to...
Provided by IMDEA
-
White Papers
On Spatial Dynamics
December 1, 2009, 12:00am PST
It has long been recognized that the forces that lead to the agglomeration of economic activity and to aggregate growth are similar. Unfortunately, few formal frameworks have been advanced to...
Provided by IMDEA
-
White Papers
Returns To Migration, Education, And Externalities In The European Union
November 1, 2009, 12:00am PDT
This paper uses microeconomic data for more than 100,000 European individuals in order to analyse whether the individual economic returns to education vary between migrants and non-migrants and...
Provided by IMDEA
-
White Papers
Innovating In The Periphery: Firms, Values, And Innovation In Southwest Norway
October 1, 2009, 12:00am PDT
How do peripheral and relatively isolated regions innovate? Recent research has tended to stress the importance of agglomeration economies and geographical proximity as key motors of innovation....
Provided by IMDEA
-
White Papers
The Magnitude And Causes Of Agglomeration Economies
September 1, 2009, 12:00am PDT
Firms and workers are much more productive in large and dense urban environments. There is substantial evidence of such agglomeration economies based on three approaches. First, on a clustering of...
Provided by IMDEA
-
White Papers
Individual Earnings And Educational Externalities In The European Union
July 1, 2009, 12:00am PDT
This paper examines whether differences in educational externalities affect individual earnings across regions in the EU. Using microeconomic data from the European Community Household Panel, the...
Provided by IMDEA
-
White Papers
The Evolution Of Markets And The Revolution Of Industry: A Unified Theory Of Growth
October 1, 2009, 12:00am PDT
This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions from stagnant, predominantly rural economies to vibrant, industrialized...
Provided by IMDEA
-
White Papers
Decentralization Of Social Protection Expenditure And Economic Growth In The OECD
November 1, 2009, 12:00am PDT
This paper examines the effect of the degree of decentralization of social protection expenditure on economic growth, using panel data for twenty OECD countries over the period 1990-2005. The...
Provided by IMDEA
-
White Papers
Does Decentralization Matter For Regional Disparities? A Cross-Country Analysis
May 1, 2009, 12:00am PDT
This paper looks at the relationship between fiscal and political decentralization and the evolution of regional inequalities in a panel of 26 countries - 19 developed and 7 developing - for the...
Provided by IMDEA
-
White Papers
The Productivity Advantages Of Large Cities: Distinguishing Agglomeration From Firm Selection
November 1, 2010, 12:00am PDT
Firms are more productive on average in larger cities. Two explanations have been offered: agglomeration economies (larger cities promote interactions that increase productivity) and firm...
Provided by IMDEA
-
White Papers
Immigration And Cumulative Causation: Explaining The Ethnic And Spatial Diffusion Of Spain~s Immigrant Population 1997-2007
December 1, 2008, 12:00am PST
This paper argues that it is possible to explain the immigration intensity of close to 3 million immigration events in Spain by means of cumulative causation. In addition, it proposes that the...
Provided by IMDEA
-
White Papers
Bigger Is Better: Market Size, Demand Elasticity And Innovation
October 1, 2008, 12:00am PDT
This paper proposes a novel mechanism whereby larger markets increase competition and facilitate process innovation. Larger markets, in the sense of more people or more open trade, support a...
Provided by IMDEA
-
White Papers
Mountains In A Flat World: Why Proximity Still Matters For The Location Of Economic Activity
October 1, 2008, 12:00am PDT
Thomas Friedman (2005) argues that the expansion of trade, the internationalization of firms, the galloping process of outsourcing, and the possibility of networking is creating a 'Flat world': a...
Provided by IMDEA
-
White Papers
Family Types And The Persistence Of Regional Disparities In Europe
October 1, 2008, 12:00am PDT
This paper examines the association between one of the most basic institutional forms, the family, and a series of demographic, educational, social, and economic indicators across regions in...
Provided by IMDEA
-
White Papers
Agglomeration And Cross-Border Infrastructure
June 1, 2008, 12:00am PDT
This paper deals with the effects of cross-border transport infrastructure in the presence of agglomeration economies. Cross-border infrastructure is more likely to increase than to decrease...
Provided by IMDEA
-
White Papers
Some Reflections On The Economics Of Prosecutors: Mandatory V Selective Prosecution
February 1, 2008, 12:00am PST
Mandatory prosecution is inefficient according to legal economists. The authors argue that when prosecutors are fairly insulated from their performance or are highly risk averse mandatory...
Provided by IMDEA
-
White Papers
The Scope Of Criminal Law And Criminal Sanctions: An Economic View And Policy Implications
February 1, 2008, 12:00am PST
This paper considers why some harm-generating activities are controlled by criminal law and criminal sanctions while others are subject to some other mechanism such as civil law, administrative...
Provided by IMDEA
-
White Papers
Firms Vs. Insiders As Traders Of Last Resort
October 1, 2007, 12:00am PDT
The authors explore the role of corporate insiders vs. firms as traders of last resort. They develop a simple model of insider trading in which insiders provide price support, as well as...
Provided by IMDEA
-
White Papers
Education And Income Inequality In The Regions Of The European Union
September 1, 2007, 12:00am PDT
This paper provides an empirical study of the determinants of income inequality across regions of the EU. Using the European Community Household Panel dataset for 102 regions over the period...
Provided by IMDEA
-
White Papers
Ruggedness: The Blessing Of Bad Geography In Africa
May 1, 2010, 12:00am PDT
The authors show that geography, through its impact on history, can have important effects on current economic development. The analysis focuses on the historic interaction between ruggedness and...
Provided by IMDEA
-
Whitepapers
Under approximation of Procedure Summaries for Integer Programs
October 16, 2012, 12:00am PDT
The authors show how to under approximate the procedure summaries of recursive programs over the integers using off-the-shelf analyzers for non-recursive programs. The novelty of their approach is...
Provided by IMDEA
-
Whitepapers
Lightweight Compilation of (C)LP to JavaScript
October 10, 2012, 12:00am PDT
The authors present and evaluate a compiler from Prolog (and extensions) to JavaScript which makes it possible to use (constraint) logic programming to develop the client side of web applications...
Provided by IMDEA
-
Whitepapers
Certified Computer-Aided Cryptography: Efficient Provably Secure Machine Code From High-Level Implementations
May 24, 2013, 12:00am PDT
The authors present a computer-aided framework for proving concrete security bounds for cryptographic machine code implementations. The front-end of the framework is an interactive verification...
Provided by IMDEA
-
Whitepapers
Certified Computer-Aided Cryptography: Efficient Provably Secure Machine Code From High-Level Implementations
May 24, 2013, 12:00am PDT
The authors present a computer-aided framework for proving concrete security bounds for cryptographic machine code implementations. The front-end of the framework is an interactive verification...
Provided by IMDEA
-
Whitepapers
Lightweight Compilation of (C)LP to JavaScript
October 10, 2012, 12:00am PDT
The authors present and evaluate a compiler from Prolog (and extensions) to JavaScript which makes it possible to use (constraint) logic programming to develop the client side of web applications...
Provided by IMDEA
-
Whitepapers
Under approximation of Procedure Summaries for Integer Programs
October 16, 2012, 12:00am PDT
The authors show how to under approximate the procedure summaries of recursive programs over the integers using off-the-shelf analyzers for non-recursive programs. The novelty of their approach is...
Provided by IMDEA
-
White Papers
Ruggedness: The Blessing Of Bad Geography In Africa
May 1, 2010, 12:00am PDT
The authors show that geography, through its impact on history, can have important effects on current economic development. The analysis focuses on the historic interaction between ruggedness and...
Provided by IMDEA
-
White Papers
Education And Income Inequality In The Regions Of The European Union
September 1, 2007, 12:00am PDT
This paper provides an empirical study of the determinants of income inequality across regions of the EU. Using the European Community Household Panel dataset for 102 regions over the period...
Provided by IMDEA
-
White Papers
Firms Vs. Insiders As Traders Of Last Resort
October 1, 2007, 12:00am PDT
The authors explore the role of corporate insiders vs. firms as traders of last resort. They develop a simple model of insider trading in which insiders provide price support, as well as...
Provided by IMDEA
-
White Papers
The Scope Of Criminal Law And Criminal Sanctions: An Economic View And Policy Implications
February 1, 2008, 12:00am PST
This paper considers why some harm-generating activities are controlled by criminal law and criminal sanctions while others are subject to some other mechanism such as civil law, administrative...
Provided by IMDEA
-
White Papers
Some Reflections On The Economics Of Prosecutors: Mandatory V Selective Prosecution
February 1, 2008, 12:00am PST
Mandatory prosecution is inefficient according to legal economists. The authors argue that when prosecutors are fairly insulated from their performance or are highly risk averse mandatory...
Provided by IMDEA
-
White Papers
Agglomeration And Cross-Border Infrastructure
June 1, 2008, 12:00am PDT
This paper deals with the effects of cross-border transport infrastructure in the presence of agglomeration economies. Cross-border infrastructure is more likely to increase than to decrease...
Provided by IMDEA
-
White Papers
Family Types And The Persistence Of Regional Disparities In Europe
October 1, 2008, 12:00am PDT
This paper examines the association between one of the most basic institutional forms, the family, and a series of demographic, educational, social, and economic indicators across regions in...
Provided by IMDEA
-
White Papers
Mountains In A Flat World: Why Proximity Still Matters For The Location Of Economic Activity
October 1, 2008, 12:00am PDT
Thomas Friedman (2005) argues that the expansion of trade, the internationalization of firms, the galloping process of outsourcing, and the possibility of networking is creating a 'Flat world': a...
Provided by IMDEA
-
White Papers
Bigger Is Better: Market Size, Demand Elasticity And Innovation
October 1, 2008, 12:00am PDT
This paper proposes a novel mechanism whereby larger markets increase competition and facilitate process innovation. Larger markets, in the sense of more people or more open trade, support a...
Provided by IMDEA
-
White Papers
Immigration And Cumulative Causation: Explaining The Ethnic And Spatial Diffusion Of Spain~s Immigrant Population 1997-2007
December 1, 2008, 12:00am PST
This paper argues that it is possible to explain the immigration intensity of close to 3 million immigration events in Spain by means of cumulative causation. In addition, it proposes that the...
Provided by IMDEA
-
White Papers
The Productivity Advantages Of Large Cities: Distinguishing Agglomeration From Firm Selection
November 1, 2010, 12:00am PDT
Firms are more productive on average in larger cities. Two explanations have been offered: agglomeration economies (larger cities promote interactions that increase productivity) and firm...
Provided by IMDEA
-
White Papers
Does Decentralization Matter For Regional Disparities? A Cross-Country Analysis
May 1, 2009, 12:00am PDT
This paper looks at the relationship between fiscal and political decentralization and the evolution of regional inequalities in a panel of 26 countries - 19 developed and 7 developing - for the...
Provided by IMDEA
-
White Papers
Decentralization Of Social Protection Expenditure And Economic Growth In The OECD
November 1, 2009, 12:00am PDT
This paper examines the effect of the degree of decentralization of social protection expenditure on economic growth, using panel data for twenty OECD countries over the period 1990-2005. The...
Provided by IMDEA
-
White Papers
The Evolution Of Markets And The Revolution Of Industry: A Unified Theory Of Growth
October 1, 2009, 12:00am PDT
This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions from stagnant, predominantly rural economies to vibrant, industrialized...
Provided by IMDEA
-
White Papers
Individual Earnings And Educational Externalities In The European Union
July 1, 2009, 12:00am PDT
This paper examines whether differences in educational externalities affect individual earnings across regions in the EU. Using microeconomic data from the European Community Household Panel, the...
Provided by IMDEA
-
White Papers
The Magnitude And Causes Of Agglomeration Economies
September 1, 2009, 12:00am PDT
Firms and workers are much more productive in large and dense urban environments. There is substantial evidence of such agglomeration economies based on three approaches. First, on a clustering of...
Provided by IMDEA
-
White Papers
Innovating In The Periphery: Firms, Values, And Innovation In Southwest Norway
October 1, 2009, 12:00am PDT
How do peripheral and relatively isolated regions innovate? Recent research has tended to stress the importance of agglomeration economies and geographical proximity as key motors of innovation....
Provided by IMDEA
-
White Papers
Returns To Migration, Education, And Externalities In The European Union
November 1, 2009, 12:00am PDT
This paper uses microeconomic data for more than 100,000 European individuals in order to analyse whether the individual economic returns to education vary between migrants and non-migrants and...
Provided by IMDEA
-
White Papers
On Spatial Dynamics
December 1, 2009, 12:00am PST
It has long been recognized that the forces that lead to the agglomeration of economic activity and to aggregate growth are similar. Unfortunately, few formal frameworks have been advanced to...
Provided by IMDEA
-
White Papers
Spatial Development
February 1, 2011, 12:00am PST
The authors present a theory of spatial development. Manufacturing and services firms located in a continuous geographic area choose each period how much to innovate. Firms trade subject to...
Provided by IMDEA
-
White Papers
Economic Geographers And The Limelight: The Reaction To The 2009 World Development Report
January 1, 2010, 12:00am PST
The reaction of economic geographers to the World Bank's World Development Report 2009 - Reshaping Economic Geography - has so far been a corporatist turf-protecting exercise. The report has been...
Provided by IMDEA
-
White Papers
Do Institutions Matter For Regional Development?
January 1, 2010, 12:00am PST
This paper discusses whether institutions matter for regional development and how to integrate them in regional development strategies. It finds that while institutions are crucial for economic...
Provided by IMDEA
-
White Papers
How Much Competition Is A Secondary Market?
April 1, 2010, 12:00am PDT
Do active secondary markets aid or harm durable goods manufacturers? The authors build a dynamic equilibrium model of durable goods oligopoly, with consumers who incur lumpy costs when transacting...
Provided by IMDEA
-
White Papers
Tax Rates, Governance, And The Informal Economy In High-Income Countries
December 1, 2010, 12:00am PST
Approximately 16.7% of output in high-income OECD countries is produced informally. There exists a positive (negative) relation between tax rates (governance quality) and informality across...
Provided by IMDEA
-
White Papers
Migration, Wages, And Parental Background: Obstacles To Entrepreneurship And Growth In East Germany
May 1, 2010, 12:00am PDT
For the last decade, the East German economy has been suffering from high unemployment and low economic growth. Policy makers often point to the lack of entrepreneurship as one of East Germany's...
Provided by IMDEA
-
White Papers
Is Fiscal Decentralization Harmful For Economic Growth? Evidence From The OECD Countries
May 1, 2010, 12:00am PDT
The global drive towards decentralization has been increasingly justified on the basis that greater transfers of resources to subnational governments are expected to deliver greater efficiency in...
Provided by IMDEA
-
White Papers
Do Clusters Generate Greater Innovation And Growth? An Analysis Of European Regions
July 1, 2010, 12:00am PDT
The analysis of clusters has attracted considerable interest over the last few decades. The articulation of clusters into complex networks and systems of innovation - generally known as regional...
Provided by IMDEA
-
White Papers
House Prices And Risk Sharing
August 1, 2010, 12:00am PDT
Homeowners in the Panel Study of Income Dynamics are able to maintain a high level of consumption following job loss (or disability) in periods of rising local house prices while the consumption...
Provided by IMDEA
-
White Papers
Economists As Geographers And Geographers As Something Else: On The Changing Conception Of Distance In Geography And Economics
November 1, 2010, 12:00am PDT
In the lifetime of the Journal of Economic Geography geographers and economists have followed diverging paths to the study of the location of economic activity which, paradoxically, has resulted...
Provided by IMDEA
-
White Papers
Can The Economic Impact Of Political Decentralisation Be Measured?
January 1, 2011, 12:00am PST
This paper examines whether, given the increasing salience of subnational governments, political decentralisation has an impact on overall economic performance. It uses panel data analyses in...
Provided by IMDEA
-
White Papers
On The Economics Of Hedge Fund Drawdown Status: Performance, Insurance Selling And Darwinian Selection
January 1, 2011, 12:00am PST
In this paper, the authors study the drawdown status of hedge funds as a hedge fund characteristic related to performance. A hedge fund's drawdown status is the decile to which the fund belongs in...
Provided by IMDEA
-
White Papers
When Local Interaction Does Not Suffice: Sources Of Firm Innovation In Urban Norway
February 1, 2011, 12:00am PST
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the...
Provided by IMDEA
-
White Papers
Firm Dynamics, Job Turnover, And Wage Distributions In An Open Economy
April 9, 2011, 12:00am PDT
This paper explores the effects of tariffs, trade costs, and firing costs on firm dynamics and labor markets outcomes. The analysis is based on a general equilibrium model with labor market search...
Provided by IMDEA
-
White Papers
Decentralization, Happiness And The Perception Of Institutions
April 1, 2011, 12:00am PDT
This paper analyses whether the different powers and resources at the disposal of local and regional governments across Europe deliver greater satisfaction with political institutions and lead to...
Provided by IMDEA
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