Specialization Versus Diversification: The Microeconomics of Regional Development and the Spatial Propagation of Macroeconomic Shocks in Europe

Research Training Network

Papers

The papers produced under the auspices of this network fall under three main categories:

CEPR Discussion Papers of the Network

Joint Publications

Other related publications from the network

CEPR Discussion Papers of the Network

DP2466 Human Capital In Growth Regressions: How Much Difference Does Data Quality Make?
Author(s):Angel de la Fuente and Rafael Doménech
Publication Date: 30/05/2000

Joint publications from the network...

Other related publications from the network ...

ECARES

Antonello d’Agostino, ''Testing financial market integration: a structural approach’’, ECARES, 2002.

Cahuc, P. et Wasmer, E. (2001). ‘Does Intrafirm Bargaining matter in the Large Firm's Matching Model’. Macroeconomic Dynamics, 2001, Vol. 5, pp. 742-747

Carcillo, S. and Wasmer, E. (2003). ‘Discrimination and Bilateral Human Capital Investments Decisions’, forthcoming, Annales d’Economie et Statistiques, special issue on Discrimination

Jacopo Cimadomo, 2002 “The Effects of Systematic Monetary Policy on Sectors: a Factor Model Analysis”, mimeo, ECARES, 2002. 

Christophe Croux and Etienne Wasmer, « Analyse de Données Spatiales du Marché du Travail. Application aux 260 communes wallonnes » , forthcoming, 14ème Congrès des Economistes Belges de Langue Françaises, CIFOP, ed.

Gabriel Desgranges (THEMA) and Etienne Wasmer , « Appariements sur le Marché du Logement.  Annales d’Economie et de Statistiques », Vol. 58, pp. Avril-Juin 2000, pp. 253-287, 2000

Catherine Doz, Domenico Giannone and Lucrezia Reichlin, ``A GMM estimator for common factors in large panels of time series”, in progress.

Marina Emiris, “Measuring Capital Market Integration”, mimeo, ECARES, 2002.

Marina Emiris, “Liquidity and Asset Price Linkages”, mimeo, ECARES, 2002.

Domenico Giannone (ECARES), “Propagation of technological shocks across euro countries”, mimeo, 2001.

Domenico Giannone, ''A test for linear restrictions in large panels of time series’’, mimeo, ECARES, 2002.

Domenico Giannone and Michele Lenza, ``Explaining the Feldstein-Horioka facts’’, mimeo, ECARES, 2002.

Domenico Giannone, Lucrezia Reichlin and Luca Sala, 2002, ``Tracking Greenspan: systematic and non-systematic monetary policy revisited’’,  (CEPR working paper, 2002).

Domenico Giannone, Lucrezia Reichlin and Luca Sala, 2002, “VARs, common factors and the empirical validation of equilibrium business cycle models” (CEPR working paper,  2002).

Domenico Giannone, Lucrezia Reichlin and Luca Sala, 2002, ``The regional effect of common policy shocks’’, mimeo, ECARES.

Sergio Perelman (Liege­) and Etienne Wasmer  (ECARES) ‘Résumé : Dualisme et Institutions du Marché du Travail’, forthcoming, 14ème Congrès des Economistes Belges de Langue Françaises, CIFOP, ed, 2000

Lucrezia Reichlin, “Extracting business cycle indexes from large data sets: aggregation, estimation, identification”, in Dewatripont, M., Hansen, P.L. and Turnowsky S. (eds) Advances in economics and econometrics: theory and applications, 8th world congress of the econometric society, Cambridge University Press, 2002

Luca Sala, “Monetary Transmission in the euro area: a factor model approach”, ECARES mimeo, 2001, under revision.

Etienne Wasmer  “Measuring human capital in the labour market: the supply of experience in 8 OECD countries”, European Economic Review Papers and Proceedings, 2000

Etienne Wasmer and Philippe Weil  “Credit Markets and Unemployment in the Short Run and in the Long Run”, International Economic Journal, 2001

Etienne Wasmer, « Changements de Composition de la Force de Travail et Dualisme’. Reflets et Perspectives de la Vie Economique », pp. 133-148, Tome XL, n°1-2, special issue Formation des Salaires, B. Mahy editor, 2000

Etienne Wasmer, “The Causes of the ‘Youth Employment Problem’: A (Labour) Supply Side View”, in 'The New Economics of Rising Inequalities'; eds Daniel Cohen, Thomas Piketty and Gilles Saint-Paul, Oxford University Press and CEPR, 2001

Wasmer, E. and Zenou, Y. (2002). 'Does City Structure Affect Job Search and Welfare?', Journal of Urban Economics, 51, pp. 515-541

 Wasmer, E. and Weil, P. (2002). ‘Financial Fragility, Business Creation and Job Destruction’, Louvain Economic Review, 68 (1-2), pp. 181-200. (Special Issue : The New Economy)

Wasmer, E. (2001). ‘Between-group competition in the labor market and the rising returns to skill. US and France 1964-2000’, revised and resubmitted, Journal of Political Economy, CEPR dp 2798

CEPR

Antonio Fatas, “Government Size and Automatic Stabilizers: International and Intranational Evidence”, (joint with Ilian Mihov). Journal of International Economics, 2001.

Antonio Fatas, “Intranational Migration: Business Cycles and Growth” Intranational Macroeconomics Eds. Eric van Wincoop and Greg Hess. Cambridge University Press, October 2000.

Angel de la Fuente, "Convergence across countries and regions: theory and empirics." EIB Papers/BEI Cahiers 5(2), 2000, pp. 25-46.

Angel de la Fuente, "Human capital in growth regressions: how much difference does data quality make?" with R. Doménech. CEPR Discussion Paper no. 2466, May 2000/ Economics Department Working Paper no. 262, OECD, Paris.

Angel de la Fuente and Rafael Doménech, “Educational Attainment in the OECD, 1960 – 1995”, 2002, CEPR DP 3416.

Angel de la Fuente, “Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?”, 2002, CEPR DP 3138. 

Angel de la Fuente, “Regional Convergence in Spain, 1965 – 1995”, 2001, CEPR DP 3137.

Modena

Graziella Bertocchi, Forni, M., and Paba, S., (2001) ``Firm Size, Job Creation, and Geographic Concentration,’’ in progress.

Graziella Bertocchi, (2001) "Labor Market Institutions, International Capital Mobility, and the Persistence of Underdevelopment", revised and resubmitted to the Review of Economic Dynamics. 

Mario Forni and S. Paba, "Knowledge Spillovers and the Growth of Local Industries", CEPR, Discussion Paper, No. 2934. 

Mario Forni and S. Paba, "Spillovers and the growth of local industries", forthcoming in the Journal of Industrial Economics. 

Mario Forni and S. Paba, "The Sources of Local Growth: Evidence from Italy", Giornale degli Economisti e Annali si Economia, 59, 2000. 

L. Gambetti and Pistoresi, B., “The Dynamic effects of technology, demand and mark up shocks on the Italian unemployment”, Materiali di Discussione, Dip. Economia Politica, Universita' di Modena, 2001.  

D’Amato, M. and Pistoresi, B., “Interest rate spreads between Italy and Germany”, Working paper, European University Institute, 99/8, 2001, forthcoming in Applied Financial Economics.

M. Murat,  “Employment, Growth and International Trade”, Quaderni del Dipartimento di Economia, Università di Modena, September 2000.

M. Murat,  “Technological Spillovers in Two-Sector models of Growth”, Quaderni della Facoltà di economia, Foggia, March 2001; under revision,  The International Journal.

M. Murat and S. Paba, 2001, "Migration flows and structural changes in labor demand"; “Flussi migratori e modelli di sviluppo industriale. L'esperienza italiana dal dopoguerra agli anni '90',  in G.Lunghini, F.Silva, R.Targetti (eds.),  Politiche pubbliche per il lavoro, Il Mulino; under revision,  Rivista di Politica Economica. 

B. Pistoresi and C. Strozzi, “Rent Sharing in Wage Determination. Evidence from Italy” (2001), CEPR Discussion Paper No. 2939. 

B. Pistoresi and C. Strozzi, “Labor Cost and Labor Productivity in Italy: The Role of Wage Bargaining” (2000), Materiali di Discussione n. 328, Dipartimento di Economia Politica, Universita’ di Modena e Reggio Emilia.

C. Strozzi,  “Union Coordination and Product Market Integration” (2000), mimeo, European University Institute.

M. Murat and S. Paba, Capitale umano specifico e flussi migratori (Specific Human Capital and Migration Flows), Rivista di Politica Economica, Vol.XCII, Marzo-Aprile 2002, pp.63-108.

M.Murat and S.Paba, (2002), “Entrepreneurship, specific human capital and regional growth”, in progress.

S.Paba (2002), “Do firms’ size and sectoral specialization matter for growth?”, in progress.

B. Pistoresi and C. Strozzi, “Rent Sharing in Wage Determination. Evidence from Italy” (2002), under revision for Giornale degli Economisti e Annali di Economia.

N. Giammarioli, J. Messina, T. Steinberger and C. Strozzi (2002), “European Labor Share Dynamics: An Institutional Perspective”, EUI Working Paper ECO No. 2002/13.

C. Strozzi (2002), “Repeated Games in Wage Determination”, mimeo, European University Institute.

J. Messina and C. Strozzi (2002), “Adjustment costs, unions and the dynamics of the labor share”, work in progress, European Central Bank.

S. Ghio (2001), « Les facteurs de la concentration spatiale : une revue des analyses empiriques », Région et Développement (forthcoming)

M. Catin, Ghio S., Van Huffel C. (2002), « Infrastructures de transport et intégration européenne : efficacité économique vs. équité régionale » Revue d’Economie Politique, mai-juin.

S. Ghio, Van Huffel C. (2001), « Trade policy, commuting costs and urban concentration» miméo, University of Toulon.

S. Ghio, Luchini S., Mendy P., Rychen F (2001a), « Geographical spillovers and regional industrial growth: evidence from France », miméo, GREQAM-University of Marseille.

S. Ghio, Luchini S., Mendy P., Rychen F (2001b), « Interactions régionales et dynamiques industrielles », working paper CRERI-GREQAM forthcoming in La Revue Economique

S. Ghio, Pistoresi B. (2002), « The relative importance of local and global externalities for the U.S urban development. A dynamic factor analysis.», Materiali di discussione, Dipartimento di Economia Politica, Università degli studi di Modena, submited to Regional Studies.

Sanner, H., “Optimal Unemployment Insurance in a Federation”. To be published in: Addison, John T. and Paul J.J. Welfens (Eds.), Labor Markets and Social Security, 2^nd. Ed., Springer-Verlag, Berlin.

Sanner, H.,  “Goods and Labor Market Imperfections, and the Union Wage Gap”.

Sanner, H., “Regulation in Goods and Labor Markets”. 

UPF

Antonio Ciccone, “Technology Diffusion and the Spatial Distribution of Wages in the US,” mimeo, UPF Barcelona, 2001

Antonio Ciccone, “Agglomeration Effects in Europa and the USA”, 9^th CREI Opuscle, CREI, Barcelona, 2001.

Fabio Canova, “Are EU Policies Fostering Growth and Reducing Regional Inequalities?”, 8^th CREI Opuscle, CREI, Barcelona, 2001.

Rita Almeida, “Local Characteristics and Growth in Portuguese Regions,” Manuscript, Universitat Pompeu Fabra, 2001.

Rita Almeida, “The Effects of Foreign Owned Firms on the Labor Market,” Manuscript, Universitat Pompeu Fabra, 2002.

Rita Almeida, “Employer Provided Training Programs and Productivity,” Manuscript, Universitat Pompeu Fabra, 2002.

Fabio Canova, “Inequalities and Convergence; Reconsidering European Regional Policies” has been published in Economic Policy (2001) (with M. Boldrin).

Fabio Canova. “Monetary disturbances matters for business cycles fluctuations” has been accepted for publication at the Journal of Monetary Economics (with G. de Nicolo’).

Antonio Ciccone, “Agglomeration Effects in Europe,” has now been published in the European Economic Review (February 2002).

Antonio Ciccone, “Input Chains and Industrialization,” has now been published in the Review of Economics Studies (June 2002)

Antonio Ciccone, “Resistance to Reform: Status Quo Bias in the Presence of Individual Specific Uncertainty: Comment,” has been accepted for publication in the American Economic Review.

Antonio Ciccone, “Dynamic Externalities, Technology Diffusion, and the Spatial Wage Distribution in the US,” is in the second-round revisions at Regional Science and Urban Economics.

Antonio Ciccone, “Identifying Human Capital Externalities: Theory with an Application to US Cities,” with Giovanni Peri has been published as a CEPR Discussion Paper (DP3350).

Antonio Ciccone, “Trade and Productivity” with Francisco Alcala has been published as a CEPR Discussion Paper (DP3095).

Antonio Ciccone, “Local geographic spillovers, learning, and the experience premium” Manuscript, Universitat Pompeu Fabra and Bank of Italy, 2001 (with Federico Cingano).

Davide Ticchi, “Risk aversion, intertemporal substitution, and the aggregate investment-uncertainty relationship,” Manuscript, Universitat Pompeu Fabra, 2001 (with Enrico Saltari; in submission to the Journal of Monetary Economics).

Davide Ticchi, “Growth and incentives in a principal-agent model with decreasing risk aversion,” Manuscript, Universitat Pompeu Fabra, 2002.

Davide Ticchi, “Uncertainty and the current account,” Manuscript, Universitat Pompeu Fabra, 2002 (with Enrico Saltari; under revision for a re-submission to the Journal of International Economics).

Davide Ticchi, “Risk-aversion and the investment-uncertainty relationship: a comment,” Manuscript, Universitat Pompeu Fabra, 2002 (with Enrico Saltari; under revision for a re-submission to the Journal of Economic Behavior and Organization). 

CORE - Louvain

Jacques Thisse and S. Tabuchi, “Taste heterogeneity, labor mobility and economic geography”, CORE Discussion Paper 2001/44.

Jacques Thisse, S; Tabuchi and D-Z; Zeng, “On the evolution of a multi regional system”. CORE Discussion Paper 2001/3.

Masahisa Fujita and Jacques-François Thisse (CORE), Agglomeration and Market Interaction”, 2002, CEPR DP 3361.

Masahisa Fujita and Jacques-François Thisse (CORE), “Does Geographical Agglomeration Foster Economic Growth? And who gains and loses from it?”, 2002, CEPR DP 3135.

Moshe Justman, Jacques-François Thisse (CORE) and Tanguy van Ypersele, “Taking the Bite out of Fiscal Competition”, 2001, CEPR DP 3109.

Joe Tharakan and Jacques-François Thisse (CORE), “The Importance of being small or when Countries are Areas and Points”, 2001, CEPR DP 2938.

Tel Aviv

Oved Yosha, “Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations”, Journal of International Economics, 2001, 55 (with S. Kalemli-Ozcan and B. Sorensen).

(To be reprinted in Helpman, E. and E. Sadka, eds., Contemporary Economic Policy: Essays in Honor of Assaf Razin, Cambridge University Press, forthcoming.)

Oved Yosha, “Is Risk Sharing in the United States a Regional Phenomenon?”, Kansas City Federal Reserve Economic Review, 2000, Second Quarter (with B. Sorensen).

Oved Yosha, “Intranational and International Credit Market Integration: Evidence from Regional Income and Consumption Patterns”, in Hess, G. and E. van Wincoop, eds., Intranational and International  Macroeconomics, 2000, Cambridge University Press, New York (with B. Sorensen).

Sorenson and Yosha (Tel-Aviv), ‘Is state fiscal policy asymmetric over the business cycle?’, the Kansas City Federal Reserve Economic Review (Third Quarter, 2001).

Charlotte Ostergaard, Bent Sorenson and Yosha (Tel Aviv), “Consumption and aggregate constraints: evidence from US states and Canadian provinces”, Journal of Political Economy (110-2002).

Bent Sorenson, Yosha (Tel Aviv) and Wu, “Output fluctuations and fiscal policy: US state and local governments 1978-1994’’, European Economic Review (45-2001).

Sorenson, Yi-Tsung Wu and Yosha (Tel Aviv), “Is less home bias associated with more international risk sharing? An empirical analysis’’. 

Sassari

Luigi Guiso and Fabiano Schivardi , 2001, “Information Spillovers in Industrial Districts”.

Luigi Guiso, Fabiano Schivardi and Luigi Pistaferri (Stanford/CEPR), “Insurance within the Firm”, CEPR Discussion Paper No. 2793, 2001.

Andrea R. Lamorgese and Gianmarco I.P. Ottaviano (Bocconi/CEPR), 2001, “Space, Factors and Spillovers”.

Andrea R. Lamorgese, 2001, “Local knowledge spillovers and city growth”, under revision for Regional Science and Urban Economics.

Andrea R. Lamorgese, 2001, “The geography of intercity risk-sharing”.

Andrea R. Lamorgese, 2001, “Death and birth of a city: The myth of the (Arabian) phoenix”.

Jorge Rodrigues, 2001, “Classifying inter-dependent time series In the frequency domain”.

Jorge Rodrigues, 2001, “Are monthly exchange rate returns (cross-country) predictable ?‘’.

Jorge Rodrigues, 2001, “Common factors to the Dynamics and the risk of asset returns”.

Jorge Rodrigues, “Common and idiosyncratic shocks to exchange rate volatility”.

Fabiano Schivardi, 2001, “Reallocation and learning over the business cycle”, under revision for European Economic Review.

Fabiano Schivardi, Paola Caselli and Patrizio Pagano, 2001, “Uncertainty and the slowdown of capital accumulation in Europe”, submitted to Applied Economics.

Fabiano Schivardi and Patrizio Pagano, “Firm size distribution and growth”, Temi di discussione della Banca d’Italia n. 394, 2001.

Fabiano Schivardi and Martin Schneider, 2001, “Strategic Experimentation and Disruptive technological Change”.

Fabiano Schivardi, Eric Bartelsman and Stefano Scarpetta, 2001, “Comparative analysis of firms demographics and survival: micro-level evidence from the OECD countries”.  

Fabiano Schivardi, Matteo Bugamelli, Patrizio Pagano, F. Paternò, Alberto Pozzolo, Salvatore Rossi, 2001,  “Ingredients for the New Economy: How Much Does Finance Matter?”

Luigi Guiso and Jorge Rodrigues, “Co-movement and debt capacity ”.

Luigi Guiso, Paola Sapienza and Luigi Zingales, “People’s opium. Religion and economic attitudes”, CEPR WP, 2002, forthcoming Journal of Monetary Economics.

Andrea R. Lamorgese  and Gianmarco I.P. Ottaviano, “ Blind Date”

Federico Cingano & Fabiano Schivardi, “Sources of Local Productivity Growth”.

Silvia Fabiani, Fabiano Schivardi and Sandro Treno, “ICT adoption in Italian manufacturing”.

Fabio Panetta, Fabiano Schivardi (Sassari) and Matthew Shum, “Detecting the Informational Effects of Bank Mergers”.

Eric Bartelsman, Stefano Scarpetta and Fabiano Schivardi (Sassari), “Comparative Analysis of Firm Demographics and Survival: Micro-level Evidence for the OECD countries”.

CERAS

Philippe Martin, "Growth and agglomeration", 2001, with Gianmarco Ottaviano (Bocconi University and CEPR), forthcoming International Economic Review.

Philippe Martin, "Global Economic Divergence, Trade and Industrialisation: The Geography of Growth Takeoffs", with Richard Baldwin and Gianmarco Ottaviano (Bocconi University and CEPR), 2001, Journal of Economic Growth, 6: March, 5-37.

Pierre-Philippe Combes, “Labour Pooling, Labour Poaching and Spatial Clustering”, with Gilles Duranton (LSE/CEPR), CERAS Working Paper, n°01-05. 

Mathias Thoenig, “A Theory of Defensive Skill-Biased Innovation and Globalization”, joint with Thierry Verdier, forthcoming, American Economic Review.

Mathias Thoenig, “How globalization impacts the labour demand by skill? An export based channel”, joint with Eric Maurin and David Thesmar, currently under revision for Journal of International Economics.

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