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Economic statistics are frequently produced at an administrative level such as the subnational division. However, these measures may lack sufficient local variation for effective analysis of local eco...
Local Action Groups (LAG) as actors in the EU rural development policy reflect the endogenous paradigm. They utilize the cooperation of their members and social networks to achieve the goals defined i...
In this paper, we examine the various links among foreign direct investment (FDI), financial markets, and economic growth. We explore whether countries with better financial systems can exploit FD...
Such generators possess ‘local’ monopoly power, and in deregulated settings have frequently been able to extract significant rents from their advantageous locations within a power system. Sinc...
This paper considers a general nonlinear econometric model framework that contains a large class of estimators defined as solutions to optimization problems. For this framework we derive several a...
The debate over the Phillips Curve - as the relation between level of unemployment rate and inflation rate - in historical economics is shortly reviewed. By using the analysis in the Extreme Value The...
Local (perturbation) methods compute solutions in one point and tend to deliver far lower accuracy levels than global solution methods. We develop a hybrid method that solves for some policy function...
We use highway procurement data from Michigan to study the e§ect of Örmsídistances to the auction site on participation and bidding decisions. Motivated by ìreduced formî evidence, we acco...
From 1991 to 2009, the fraction of Medicaid recipients enrolled in HMOs and other forms of Medicaid managed care (MMC) increased from 11 percent to 71 percent. This increase was largely driven by stat...
Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demographics have limited explanator...
Home Bias at Home:Local Equity Preference in Domestic Portfolios.
We develop an institutionally oriented theory of how and why local communities continue to matter for organizations in a global age. Since globalization has taken center stage in both practitioner and...
Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demographics have limited explanator...
This paper tests the performance of individuals' equity investments. We study over 40,000 accounts and 950,000 trades from a large discount broker. Individuals invest heavily in local stocks and put 1...
We examine the toxic loans sold by investment banks to local governments. Using proprietary data, we show that politicians strategically use these products to increase chances of being re-elected. Con...

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