Working Papers 2009

01_09: TOURISM AND GROWTH IN A CROSS-SECTION OF COUNTRIES, Paolo Figini and Laura Vici 

02_09: SPATIAL FILTERING AND EIGENVECTOR STABILITY: SPACE-TIME MODELS FOR GERMAN UNEMPLOYMENT DATA, Roberto Patuelli, Daniel A. Griffith, Michael Tiefelsdorf and Peter Nijkamp 

03_09: ESTIMATING THE IMPACT ON EFFICIENCY FROM VOLUNTARY REGULATION: AN EMPIRICAL STUDY OF THE GLOBAL COPPER MINING INDUSTRY, Lise Tole 

04_09: HOUSEHOLD RESPONSES TO INDIVIDUAL SHOCKS: DISABILITY AND LABOR SUPPLY, Giovanni Gallipoli and Laura Turner

05_09: BAYESIAN METHODS FOR COMPLETING DATA IN SPACE-TIME PANEL MODELS, Carlos Llano, Wolfgang Polasek, Richard Sellner 

06_09: AN AGENT-BASED DECISION SUPPORT MODEL FOR THE DEVELOPMENT OF E-SERVICES IN THE TOURIST SECTOR, Frank Bruinsma, Karima Kourtit, Peter Nijkamp

07_09: NEURAL NETWORKS FOR CROSS-SECTIONAL EMPLOYMENT FORECASTS: A COMPARISON OF MODEL SPECIFICATIONS FOR GERMANY, Roberto Patuelli, Aura Reggiani, Peter Nijkamp, Norbert Schanne

08_09: SOCIOECONOMIC DETERMINANTS OF MORTALITY IN TAIWAN: COMBINING INDIVIDUAL DATA AND AGGREGATE DATA, Roberto Leon Gonzalez, Fu-Min Tseng

09_09: AGGREGATE AND REGIONAL ECOMONIC EFFECTS OF NEW RAILWAY INFRASTRUCTURE, Wolfgang Polasek, Wolfgang Shwarzbauer, Richard Sellner

10_09: CAUSES OF THE FINANCIAL CRISIS:AN ASSESSMENT USING UK DATA, Christopher Martin, Costas Milas

11_09: REAL TIME DETECTION OF STRUCTURAL BREAKS IN GARCH MODELS, Zhongfang He, John M. Maheu

12_09: RENT SEEKING AT PLANT LEVEL: AN APPLICATION OF THE CARDE-DE LA RICA TENURE MODEL TO WORKERS IN GERMAN WORKS COUNCILS, John T. Addison, Paulino Teixeira, Thomas Zwick

13_09: ON THE SOCIAL BENEFITS OF ILLIQUID BONDS, David Andolfatto

14_09: THE DYNAMICS OF UK AND US INFLATION EXPECTATIONS, Deborah Gefang, Gary Koop, Simon M. Potter

15_09: MODELLING THE DYNAMICS OF INFLATION COMPENSATION, Marcus Jochmann, Gary Koop, Simon M. Potter

16_09: COINTEGRATION AND ASYMMETRIC ADJUSTMENT: SOME NEW EVIDENCE CONCERNING THE BEHAVIOUR OF THE US CURRENT ACCOUNT , Mark J. Holmes, Theodore Panagiotidis

17_09: ARE EU BUDGET DEFICITS STATIONARY?, Mark J. Holmes, Jesús Otero, Theodore Panagiotidis

18_09: OPTION PRICING UNDER LÉVY PROCESSES: A UNIFYING FORMULA, Rossella Agliardi

19_09: DO HIGH-FREQUENCY MEASURES OF VOLATILITY IMPROVE FORECASTS OF RETURN DISTRIBUTIONS?,  John M. Maheu, Thomas H. McCurdy

20_09: SKILL DISPERSION AND TRADE FLOWS, Matilde Bombardini, Giovanni Gallipoli, Germán Pupato

21_09: THE INCENTIVE TO INVEST IN ENVIRONMENTAL-FRIENDLY TECHNOLOGIES: DYNAMICS MAKES A DIFFERENCE, Davide Dragone, Luca Lambertini, Arsen Palestini

22_09: STRUCTURAL THRESHOLD REGRESSION, Andros Kourtellos, Thanasis Stengos, Chih Ming Tan

23_09: BAYESIAN SEMIPARAMETRIC STOCHASTIC VOLATILITY MODELING, Mark J. Jensen, John M. Maheu

24_09: INFORMED TRADING IN AN ELECTRONIC FOREIGN EXCHANGE MARKET, Ramazan Gençay, Nikola Gradojevic

25_09: PROFITABILITY IN AN ELECTRONIC FOREIGN EXCHANGE MARKET: INFORMED TRADING OR DIFFERENCES IN VALUATION?, Ramazan Gençay  Nikola Gradojevic, Faruk Selçuk

26_09: OVERNIGHT INTEREST RATES AND AGGREGATE MARKET EXPECTATIONS, Ramazan Gençay, Nikola Gradojevic

27_09: ASYMMETRY OF INFORMATION FLOW BETWEEN VOLATILITIES ACROSS TIME SCALES, Ramazan Gençay  Nikola Gradojevic, Faruk Selçuk, Brandon Whitcher

28_09: CRASH OF ’87 – WAS IT EXPECTED? AGGREGATE MARKET FEARS AND LONG RANGE DEPENDENCE, Ramazan Gençay, Nikola Gradojevic

29_09: HIERARCHICAL INFORMATION AND THE RATE OF INFORMATION DIFFUSION, Yi Xue, Ramazan Gençay

30_09: ERRORS-IN-VARIABLES ESTIMATION WITH NO INSTRUMENTS, Ramazan Gençay, Nikola Gradojevic

31_09: TRADING FREQUENCY AND VOLATILITY CLUSTERING, Yi Xue, Ramazan Gençay

32_09: OPTION PRICING WITH MODULAR NEURAL NETWORKS, Ramazan Gençay,  Nikola Gradojevic, Faruk Selçuk

33_09: THE 21st CENTURY BELONGS TO BAYES, Christian Robert, Russell Davidson

34_09: FORECASTING INFLATION USING DYNAMIC MODEL AVERAGING, Gary Koop, Dimitris Korobilis

35_09: ASSESSING THE TRANSMISSION OF MONETARY POLICY SHOCKS USING DYNAMIC FACTOR MODELS, Dimitris Korobilis

36_09: DESTINATION UNKNOWN. IS THERE ANY ECONOMICS BEYOND TOURISM AREAS?, Guido Candela, Paolo Figini

37_09: AIR PASSENGERS AND TOURISM FLOWS: EVIDENCE FROM SICILY AND SARDINIA , Massimiliano Castellani, Maurizio Mussoni, Pierpaolo Pattitoni

38_09: REAL-TIME OPTIMAL MONETARY POLICY WITH UNDISTINGUISHABLE MODEL PARAMETERS AND SHOCK PROCESSES UNCERTAINTY, Alessandro Flamini, Costas Milas

39_09: COMPETITION BETWEEN AND WITHIN TOURIST DESTINATIONS , Lorenzo Zirulia

40_09: TRADING CULTURAL GOODS IN THE ERA OF DIGITAL PIRACY, Stefania Lionetti, Roberto Patuelli

41_09: PROSPECTS AND LIMITS OF TOURISM-LED GROWTH: THE INTERNATIONAL EVIDENCE, Adamos Adamou, Sofronis Clerides

42_09: FINANCIAL MARKET CONDITIONS, REAL TIME, NONLINEARITY AND EUROPEAN CENTRAL BANK MONETARY POLICY: IN-SAMPLE AND OUT-OF-SAMPLE ASSESSMENT, Costas Milas, Ruthira Naraidoo

43_09: R&D PRODUCTIVITY AND INTELLECTUAL PROPERTY RIGHTS PROTECTION REGIMES, Joanna Poyago-Theotoky, Khemarat Talerngsri Teerasuwannajak

44_09: STOCHASTIC SEARCH VARIABLE SELECTION IN VECTOR ERROR CORRECTION MODELS WITH AN APPLICATION TO A MODEL OF THE UK MACROECONOMY, Markus Jochmann, Gary Koop, Roberto Leon-Gonzalez, Rodney W. Strachan

45_09: WHAT BELONGS WHERE? VARIABLE SELECTION FOR ZERO-INFLATED COUNT MODELS WITH AN APPLICATION TO THE DEMAND FOR HEALTH CARE, Markus Jochmann

46_09: EXECUTIVE COMPENSATION: FACTS, Gian Luca Clementi, Thomas Cooley

47_09: BAYESIAN MULTIVARIATE TIME SERIES METHODS FOR EMPIRICAL MACROECONOMICS, Gary Koop, Dimitri Korobilis

48_09: THE DEMAND – SUPPLY – DEMAND TWIST: HOW THE WAGE STRUCTURE, Chiara Binelli

49_09: PERSISTENCE OF REGIONAL UNEMPLOYMENT: APPLICATION OF A SPATIAL FILTERING APPROACH TO LOCAL LABOUR MARKETS IN GERMANY, Roberto Patuelli, Norbert Schanne, Daniel A. Griffith, Peter Nijkamp