Search results for "finance"
showing 10 items of 4676 documents
Clubs de convergence et effets de débordements géographiques : une analyse spatiale sur données régionales européennes, 1980-1995
2007
Our article offers an econometric model of spatial interactions for the empirical analysis of growth in European regions over the period 1980-1995. The model detects spatial spillover effects and makes it possible to take account of the European economy’s strong polarization. More specifically, by factoring in both spatial autocorrelation and spatial heterogeneity, we characterize the economic polarization pattern in European regions, identify convergence clubs, and model them as spatial regimes. We estimate a two-regime model with spatially autocorrelated errors and show that the convergence process differs between the two regimes. We find a strongly significant spatial spillover effect : …
Estimation des effets de proximité dans le processus de convergence régionale : une approche par l'économétrie spatiale sur 92 régions européennes (1…
2002
L'objectif de cet article est d'examiner les conséquences de la dépendance spatiale sur la croissance régionale et le processus de convergence. Sur un échantillon de 92 régions européennes sur la période 1980-1995, nous montrons que le modèle de b-convergence absolue doit être re-spécifié en raison de la présence d'auto-corrélation spatiale. Les méthodes de l'économétrie spatiale nous orientent vers une spécification avec erreurs spatialement auto-corrélées qui nous permet de mettre en évidence un effet de débordement géographique. Nous montrons ainsi que le taux de croissance d'une région est influencé positivement par les taux de croissance des régions contiguës.
Current Accounts and Coordination of Wage Bargaining
2018
This study provides novel evidence on the impact of labor market institutions on current account dynamics. Our results suggest that a high degree of coordination of wage bargaining has a positive effect on the current account balance over the long run. This result is not driven entirely by wage moderation induced by centralized wage setting. We also provide robust evidence that a high degree of coordination of wage bargaining is associated with a slower current account adjustment toward its long-run equilibrium. This result seems theoretically plausible; the aggregate shocks in the exporting sector are largely driven by idiosyncratic shocks and the presence of idiosyncratic shocks increases…
An Economic Definition of the City
1998
International audience
Qualité et coordination économique dans les industries agroalimentaires. Analyse institutionnelle comparée de l'industrie du vin en Bourgogne, Califo…
2004
Since the 1990s, the French wine exporters have been confronted with an increasing competition from a few nations of North America and the Southern Hemisphere. Initially positioned on the medium-range, the New World Wine Producers quickly developed their positions on the whole of the segments, including those traditionally occupied by French wines under controlled label of origin (AOC). The thesis examines the link between wine marketer' quality strategies and the coordination in the chain of production. Research is carried out on two levels: that of transactions governance structures concerning fresh grape, must and bulk wine, and that of the public rules framing these transactions. Firstl…
Mutations urbaines et logiques de localisation des emplois: le cas de la Communauté de l'agglomération dijonnaise (1990, 1999).
2004
The aim of this paper is to analyze the spatial changes in the Dijon urban area (COMADI) by studying in particular the new tendencies of localization of the high order producer services. Our results display a multicentric structure of the COMADI which exhibits several employment poles. Not only the economic composition of these poles differs between the central pole and the peripheral ones but this composition changes over the study period (1990-1999). New localization logics appear for the high order services : if the historical center remains specialized in financial activities, insurance and real estate (FIRE), the other producer services are more likely to be localized in the periphery.…
Unit 6- 6.2 Weighted Average Cost of Capital
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Weighted Average Cost of Capital. Part 2 out of 5.
Unit 6- 6.3 Adjusted Present Value
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Adjusted Present Value (APV).Part 3 out of 5.
Unit 6- 6.1 Investment-Financing Relationship
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Investment-Financing relationship. Part 1 out of 5
Unit 6- 6.4 Final Abstract
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Firm Value -Final Abstract. Part 5 out of 5.