In this article, we investigate the convergence process within the European Union. More
particularly, we study the convergence process of the new entrants from Central and Eastern …

The aim of this paper is to investigate the long run relationship between the development of
banks and stock markets and economic growth. We make use of a Johansen-based panel …

This paper analyzes the implications of advertising for firm dynamics and economic growth
through its interaction with R&D. We develop a model of endogenous growth with firm …

… i j t l i j t and y c k j t = q c k j t l c k j t , where q i j t ( q c k j t ) is the productivity and l i j t ( l c k j
… The relative productivity of small firms with respect to the industry leader ζ = q c j t q j t l e a d …

This paper proposes a model of occupational choice with heterogeneous agents in terms of
human capital to quantify the role of offshoring and computerization in labor market …

To study competition, innovation, and industry dynamics that arise as a result of their interaction,
we develop a new oligopolistic general-equilibrium Schumpeterian growth model. This …

In this paper, we globally investigate market timing abilities of mutual fund managers from
the three perspectives: market return, market-wide volatility and aggregate liquidity. We …

While modified value-at-risk (or Cornish–Fisher value-atrisk) has been quite extensively
used by practitioners and academics since its introduction, the authors show that it can be …

… is most closely related to recent macroeconomic models with advertising such as Cavenaile
… exit of large superstar firms, as well as an endogenous mass of small firms, as in Cavenaile …

This paper analyzes the relationship between public education spending, long-run growth
and income inequality. We propose an endogenous growth model with occupational choice …