2024-03-28T17:08:35Zhttp://oai.recercat.cat/request
oai:recercat.cat:2072/17502012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorButnar, Isabela
authorLlop Llop, Maria
2006-03-31T13:45:42Z
2006-03-31T13:45:42Z
2006
1576-3382
http://hdl.handle.net/2072/1750
Extending the traditional input-output model to account for the environmental impacts
of production processes reveals the channels by which environmental burdens are
transmitted throughout the economy. In particular, the environmental input-output
approach is a useful technique for quantifying the changes in the levels of greenhouse
emissions caused by changes in the final demand for production activities. The inputoutput
model can also be used to determine the changes in the relative composition of
greenhouse gas emissions due to exogenous inflows. In this paper we describe a method
for evaluating how the exogenous changes in sectorial demand, such as changes in
private consumption, public consumption, investment and exports, affect the relative
contribution of the six major greenhouse gases regulated by the Kyoto Protocol to total
greenhouse emissions. The empirical application is for Spain, and the economic and
environmental data are for the year 2000. Our results show that there are significant
differences in the effects of different sectors on the composition of greenhouse
emissions. Therefore, the final impact on the relative contribution of pollutants will
basically depend on the activity that receives the exogenous shock in final demand,
because there are considerable differences in the way, and the extent to which,
individual activities affect the relative composition of greenhouse gas emissions. Keywords: Greenhouse emissions, composition of emissions, sectorial demand,
exogenous shock.
The first author acknowledges the institutional support of the Ministerio de Educación y
Cultura. The second author acknowledges the Ministerio de Educación y Cultura
(grants SEC2003-06630 and SEJ2004-07477) and the Generalitat de Catalunya (grant
XT2004-0095).
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Documents de treball del Departament d'Economia;2006-1
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Efecte d'hivernacle, Gasos d'
Emissions atmosfèriques
Anàlisi d'entrada/sortida
Consum (Economia)
Inversions
Exportacions
Composition of Greenhouse Gas Emissions in Spain: an Input-Output Analysis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17522012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorCorbella Domènech, Teresa
authorOliva, Martí
2006-03-31T15:05:45Z
2006-03-31T15:05:45Z
2005
http://hdl.handle.net/2072/1752
As paintings are assets, we propose to model a painting's price dynamics as a diffusion process, i.e., as the financial literature models share prices, but correcting by size. We show that the influence of size on the artwork price diminishes as the paintings gets older because 1) prices incorporate progressively more noise and 2) for high quality artists, the relative importance of size on price decreases as the artist consolidates and authorship gains importance as explanatory variable. Our theoretical results are consistent with data from a sample of 19th- and 20th-century Catalan painters of similar quality. These findings suggest that an artist's quality and antiquity should be taken into account in order to obtain more efficient estimates of parameters in hedonic art market models.
Financial support from the Spanish Ministerio de Educación y Ciencia, through project SEJ2004-07477
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Documents de treball del Departament d'Economia;2005-2
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercat de l'art
Pintura
Preus
Models matemàtics
A Rembrandt is a Rembrandt
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17512012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorSegarra Blasco, Agustí
authorArauzo Carod, Josep Maria
2006-03-31T14:08:08Z
2006-03-31T14:08:08Z
2005
http://hdl.handle.net/2072/1751
This paper is about the firm innovation process and the cooperation of the innovative
firms with other firms and public institutions. A special attention is paid to the
cooperation with universities. We use the Technological Innovation Survey (TIS) from
the Instituto Nacional de Estadística (Spain) in order to obtain data for 4,159
innovative firms. Our results show that firm's cooperation activities are closely linked
to the characteristics of the industry and the firm as well as to the origin of public
funds for R&D activities. Key words: Innovation, universities, Spanish economy.
JEL code: O31, I20, L60
This research was partially funded by CICYT: SEJ2004-05860/ECON and CICYT: SEJ2004-
07824/ECON. We would like to acknowledge the helpful and supportive comments of participants at
the Workshop on Local Development and Territorial Governance (Toulouse) and the XXX Reunión de
Estudios Regionales (Barcelona) and those of an anonymous referee. The usual disclaimer applies.
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Documents de treball del Departament d'Economia;2005-1
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Innovació
Universitats
Espanya
Economia
External sources of innovation and industry-university interaction:evidence from Spanish firms
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17532012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
2006-03-31T15:19:16Z
2006-03-31T15:19:16Z
2005
http://hdl.handle.net/2072/1753
In this paper we analyze the existence of spatial autocorrelation at a local level
in Catalonia using variables such as urbanisation economies, population
density, human capital and firm entries. From a static approach, our results
show that spatial autocorrelation is weak and diminishes as the distance
between municipalities increases. From a dynamic approach, however, spatial
autocorrelation increased over the period we analysed. These results are
important from a policy point of view, since it is essential to know how economic
activities are spatially concentrated or disseminated. Key words: spatial autocorrelation, municipalities.
JEL classification: R110, R120
This research was partially funded by CICYT: SEJ2004-05860/ECON and
CICYT: SEJ2004-07824/ECON.
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Documents de treball del Departament d'Economia;2005-3
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Autocorrelació (Estadística)
Anàlisi espacial (Estadística)
Municipis
A note on Spatial Autocorrelation at a Local Level
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17542012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFrutos, M. Ángeles de
authorManzano, Carolina
2006-03-31T16:31:40Z
2006-03-31T16:31:40Z
2005
http://hdl.handle.net/2072/1754
This paper analyzes the role of traders' priors (proper versus improper) on the implications of market transparency by comparing a pre-trade transparent market with an opaque market in a set-up based on Madhavan (1996). We show that prices may be more informative in the opaque market, regardless of how priors are modelled. In contrast, the comparison of market liquidity and volatility in the two market structures are affected by prior specification. Key words: Market microstructure, Transparency, Prior information
Financial support from the Spanish Ministerio de Educación y Ciencia, through projects SEJ2004-01959 and SEJ2004-07477, and the Departament d’Universitats, Recerca i Societat de la Informació de la Generalitat de Catalunya are gratefully acknowledged.
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Documents de treball del Departament d'Economia;2005-4
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercat de capitals
Informació privilegiada
Security prices and market transparency: the role of prior information
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17552012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
2006-03-31T17:29:08Z
2006-03-31T17:29:08Z
2005
http://hdl.handle.net/2072/1755
The environmental input-output approach reveals the channels through which the
environmental burdens of production activities are transmitted throughout the economy.
This paper uses the input-output framework and analyses the changes in Spanish
emission multipliers during the period 1995-2000. By decomposing the global changes
in multipliers into different components, it is possible to evaluate separately the
economic and ecological impacts captured by the environmental input-output model.
Specifically, in this study we distinguish between the effects on multipliers caused by
changes in emission coefficients (the ecological impacts) and the effects on multipliers
caused by changes in technical coefficients (the economic impacts). Our results show a
significant improvement in the ecological impacts of production activities, which
contributed negatively to changes in emission multipliers. They also show a
deterioration in the economic impacts, which contributed positively to changes in
emission multipliers. Together, these two effects lead to a small reduction in global
multipliers during the period of analysis. Our results also show significant differences
in the individual behaviour of different sectors in terms of their contribution to
multiplier changes. Since there are considerable differences in the way individual
sectors affect the changes in emission levels, and in the intensity of these effects, this
means that the final effects will basically depend on the activity considered. Keywords: emission multipliers, multipliers' changes, ecological impacts, economic
impacts.
This study has been supported by the Ministerio de Educación y Cultura (grants SEC2003-06630 and
SEJ2004-07477) and the Generalitat de Catalunya (grant XT2004-0095).
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Documents de treball del Departament d'Economia;2005-5
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Anàlisi d'entrada/sortida
Emissions atmosfèriques
Impacte ambiental
Impacte econòmic
Multiplicador (Economia)
Ecological and Economic Impacts within the Environmental Input-Output Framework
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17712012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorManjón Antolín, Miguel C.
authorMartín Bofarull, Mònica
authorSegarra Blasco, Agustí
2006-04-27T13:12:14Z
2006-04-27T13:12:14Z
2001
http://hdl.handle.net/2072/1771
En este trabajo se analiza una vía alternativa en el debate de la convergencia regional en España: el estudio de la dinámica industrial de sus Comunidades Autónomas. Para ello se analizan los flujos de entrada y salida de establecimientos industriales en las manufacturas delas regiones españolas y se abordan los factores de carácter sectorial o regional que inciden sobre la movilidad industrial. Las specificaciones econométricas adoptan la estructura de un sistema de ecuaciones y cubren las tres hipótesis fundamentales que se han abordado en laliteratura (independencia, simetría y simultaneidad) a partir de un panel de datos construido con informaciones procedentes del Registro de Establecimientos Industriales y la Encuesta Industrial.
Palabras clave: demografía industrial, sistemas de ecuaciones, datos de panel
Los autores agradecen el soporte financiero de la Fundación Caja de Ahorros y de la
CICYT (SEC2000-0882-C02-02).
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Documents de treball del Departament d'Economia;2001-4
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Indústries
Localització industrial
Equacions
Anàlisi de dades de pannell
Espanya
Comunitats autònomes
Entradas y salidas de empresas: un contraste de las hipótesis de independencia, simetría y simultaneidad
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17722012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorManjón Antolín, Miguel C.
2006-04-27T13:31:06Z
2006-04-27T13:31:06Z
2001
http://hdl.handle.net/2072/1772
This paper assesses empirically the importance of size discrimination and disaggregate data for deciding where to locate a start-up concern. We compare three econometric specifications using Catalan data: a multinomial logit with 4 and 41
alternatives (provinces and comarques, respectively) in which firm size is the main
covariate; a conditional logit with 4 and 41 alternatives including attributes of the sites
as well as size-site interactions; and a Poisson model on the comarques and the full spatial choice set (942 municipalities) with site-specific variables. Our results suggest that if these two issues are ignored, conclusions may be misleading. We provide evidence that large and small firms behave differently and conclude that Catalan firms
tend to choose between comarques rather than between municipalities. Moreover, labour-intensive firms seem more likely to be located in the city of Barcelona. Keywords: Catalonia, industrial location, multinomial response model.
JEL: C250, E30, R00, R12
This research was partially funded by the CICYT
(SEC2000-0882-C02-02).
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Documents de treball del Departament d'Economia;2001-5
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Models economètrics
Catalunya
Firm Size and Geographical Aggregation: An Empirical Appraisal in Industrial Location
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17732012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFrutos Casado, Ángeles de
authorManzano, Carolina
2006-04-27T14:16:09Z
2006-04-27T14:16:09Z
2003
http://hdl.handle.net/2072/1773
This paper determines the effects of post-trade opaqueness on market performance. We find that the degree of market transparency has important effects on market equilibria. In particular, we show that dealers operating in a transparent structure set regret-free prices at each period making zero expected profits in each of the two trading rounds, whereas in the opaque market dealers invest in acquiring information at the beginning of the trading day. Moreover, we obtain that if there is no trading activity in the first period, then market makers only change their quotes in the opaque market. Additionally, we show that trade disclosure increases the informational efficiency of transaction prices and reduces volatility. Finally, concerning welfare of market participants, we obtain ambiguous results. Keywords: Market microstructure, Post-trade transparency, Price experimentation, Price dispersion.
Financial support from project BEC 2000-0173 for the first author and from SEC2001-0445 for the second author is gratefully acknowledged.
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Documents de treball del Departament d'Economia;2003-2
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercat-Analisi
Preus
Trade disclosure and price dispersion
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17742012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFerré Carracedo, Montserrat
2006-04-27T14:45:54Z
2006-04-27T14:45:54Z
2003
1576 - 3382
http://hdl.handle.net/2072/1774
In this paper we analyse the setting of optimal policies in a monetary union with one monetary authority and various fiscal authorities that have a public deficit target. We will show that fiscal cooperation among the fiscal authorities, in the presence of positive supply shocks, ends up producing higher public deficits than in a non-cooperative regime. JEL No. E61, E63, F33, H0. Keywords: monetary union, fiscal policy coordination.
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Documents de treball del Departament d'Economia;2003-4
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Integració monetària
Política fiscal
Should fiscal authorities cooperate in a monetary union with public deficit targets?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17752012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorSegarra Blasco, Agustí
2006-04-27T16:54:54Z
2006-04-27T16:54:54Z
2004
http://hdl.handle.net/2072/1775
In this paper we explore the determinants of firm start-up size of Spanish manufacturing industries. The industries' barriers to entry affect the ability of potential entrants to enter the markets and the size range at which they decide to enter. In order to examine the relationships between barriers to entry and size we applied the quantile regression techniques. Our results indicate that the variables that characterize the structure of the market, the variables that are related to the behaviour of the incumbent firms and the rate of growth of the industries generate different barriers depending on the initial size of the entrants. Keywords: Entry, regression quantiles, start-up size.
JEL classification: L110, L600
This research was partially funded by the CICYT (SEJ2004-05860/ECON and SEJ2004-07824/ECON).
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Documents de treball del Departament d'Economia;2004-1
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Empreses -- Creació
Empreses -- Dimensió
Barreres per a entrar en un mercat
Anàlisi de regressió
Espanya
The Determinants of Entry are not Independent of Start-up Size: Some evidence from Spanish manufacturing
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17762012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorTheilen, Bernd
2006-04-27T17:11:26Z
2006-04-27T17:11:26Z
2004
http://hdl.handle.net/2072/1776
Information sharing in oligopoly has been analyzed by assuming that firms behave as a sole economic agent. In this paper I assume that ownership and management are separated. Managers are allowed to falsely report their costs to owners and rivals. Under such circumstances, if owners want to achieve information sharing they must use managerial contracts that implement truthful cost reporting by managers as a dominant strategy. I show that, contrary to the classical result, without the inclusion of message-dependent payments in managerial contracts there will be no information sharing. On the other hand, with the inclusion of such publicly observable payments and credible ex-ante commitment by owners not to modify these payments, there will be perfect information sharing without the need for third parties. Keywords: Information sharing, Delegation, Managerial contracts. JEL classification numbers: D21, D82, L13, L21
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Documents de treball del Departament d'Economia;2004-2
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Oligopolis
Models economètrics
Delegation and information sharing in oligopoly
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17772012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorTeruel Carrizosa, Mercedes
2006-04-27T17:49:36Z
2006-04-27T17:49:36Z
2004
http://hdl.handle.net/2072/1777
This paper concerns the effects of territorial factors on the processes involved in the creation of manufacturing firms in Spanish cities. Most contributions have focused on regional factors rather than urban ones. Here we assume that it is
possible to identify certain urban factors that attract new firms. We use data for the entry of firms in Spanish manufacturing industries between 1994 and 2002. This paper contributes to the existing literature on market entry. Key words: cities, regions, firm entry and Spanish economy.
JEL: R0, R12, L60
The authors are grateful to the CICYT (SEC2000-0882-C02-02) and the Department of
Universities, Research and Information Society (DURSI) of the Catalan Government for their
financial support.
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Documents de treball del Departament d'Economia;2004-3
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Ciutats
Regions
Espanya -- Condicions econòmiques
Empreses
Localització industrial
A territorial approach to firm entry: The effect of city size
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/17782012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorManjón Antolín, Miguel C.
2006-04-27T18:12:47Z
2006-04-27T18:12:47Z
2004
1576 - 3382
http://hdl.handle.net/2072/1778
Much of the research on industry dynamics focuses on the interdependence between the sectorial rates
of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are
important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between 1994 and 2001. Estimates from systems of equations models provide evidence of a conical revolving door phenomenon and of partial adjustments in the
replacement-displacement of large firms. KEYWORDS: aggregation, industry dynamics, panel data, symmetry, simultaneity.
JEL CLASSIFICATION: C33, C52, L60, L11
Research funding from the CICYT grant SEC2000-0882-C02-02.
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Documents de treball del Departament d'Economia;2004-4
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Agregació (Estadística)
Espanya
Indústries
Anàlisi de dades de pannell
Simetria (Matemàtica)
Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/36812012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
2007-02-14T14:18:18Z
2007-02-14T14:18:18Z
2006
2006
1576 - 3382
T-1985-2006
http://hdl.handle.net/2072/3681
The objective of this paper is to analyse the economic impacts of alternative
water policies implemented in the Spanish production system. The methodology uses
two versions of the input-output price model: a competitive formulation and a mark-up
formulation. The input-output framework evaluates the impact of water policy measures
on production prices, consumption prices, intermediate water demand and private
welfare. Our results show that a tax on the water used by sectors considerably reduces
the intermediate water demand, and increases the production and consumption prices.
On the other hand, according to Jevons' paradox, an improvement in technical
efficiency, which leads to a reduction in the water requirements of all sectors and an
increase in water production, increases the amount of water consumed. The combination
of a tax on water and improved technical efficiency takes the pressure off prices and
significantly reduces intermediate water demand. JEL Classification: C67 ; D57 ; Q25.
Keywords: Production prices; Consumption prices; Water uses; Water policy; Water
taxation.
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Documents de treball del Departament d'Economia;2006-2
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Preus
Consum (Economia)
Aigua-Utilització
Aigua-Polítiques de gestió
Aigua-Impostos
Economic impacts of alternative water policy scenarios in the Spanish production system: an input-output analysis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/36852012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAlañón Pardo, Ángel
authorArauzo Carod, Josep Maria
2007-02-19T14:18:35Z
2007-02-19T14:18:35Z
2006
2006
1576 - 3382
T-1986-2006
http://hdl.handle.net/2072/3685
El propòsit d'aquest treball és analitzar fins a quin punt la millora en l'accessibilitat dels municipis a la xarxa viària d'alta capacitat ha tingut efectes positius en la creació d'establiments industrials. En concret, estudiem les decisions de localització d'establiments industrials a escala local per a 19 sectors manufacturers amb una desagregació de 2 dígits. Aquest treball incorpora variables de gran rellevància (com ara una mesura d'accessibilitat mesurada en temps de desplaçament i els efectes de les inversions viàries) i utilitza tècniques d'anàlisi espacial. Pel que fa a les entrades d'establiments industrials, les dades han estat obtingudes del Registre d'Establiments Industrials de Catalunya (REIC). Els resultats mostren una incidència positiva de les millores en la xarxa viària sobre les decisions de localització de les empreses.
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Documents de treball del Departament d'Economia;2006-3
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Infraestructures de transport
Catalunya
Infraestructures de Transport i Localització Industrial. Evidència Empírica per a Catalunya
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/36862012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorLiviano Solís, Daniel
authorMartín Bofarull, Mònica
2007-02-19T14:24:21Z
2007-02-19T14:24:21Z
2006
2006
1576-3382
T-1987-2006
http://hdl.handle.net/2072/3686
This paper explores the effects of new business formation on employment growth
in Spanish manufacturing industries. New firms are believed to make an important
contribution to economic growth but the extent of this contribution is unclear. We
consider time lags of new firm formation as explanatory variables of employment
change and identify how long the effect of new firm entries on employment lasts.
Our main results show that the effects of new business formation are positive in the
short term, negative in the medium term and positive in the long term, thus
confirming the existence of indirect supply-side effects found in similar studies for
other countries. Key words: regional growth, firm entry, time lags and Spanish economy.
JEL classifications: L00, L60, R11, R12
23 pàgines
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Documents de treball del Departament d'Economia;2006-4;
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Empreses -- Creació
Creació d'ocupació
Espanya
Manufactures
New business formation and employment growth: some evidence for the Spanish manufacturing industry
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/36872012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFerré Carracedo, Montserrat
2007-02-19T14:36:03Z
2007-02-19T14:36:03Z
2006
2006
1576-3382
T-1988-2006
http://hdl.handle.net/2072/3687
This article studies whether fiscal authorities would prefer to operate like in the current
EMU or to coordinate according to the theoretical literature. The EMU approach will
lead to higher volatility of interest rates, output, inflation and average budget deficits,
but the SGP deficit target will be breached less often. Keywords: fiscal policy coordination, monetary union, Stability and Growth Pact.
JEL No. E61, E63, F33, H0
24 pàgines
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Documents de treball del Departament d'Economia;2006-5;
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Política fiscal
Unió Monetària Europea
Dèficit pressupostari
Unió Europea
Stability and Growth Pact
Would Fiscal Authorities in the EMU prefer to coordinate?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/40552012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorTheilen, Bernd
2007-04-25T18:28:04Z
2007-04-25T18:28:04Z
2007
2007
1988 - 0812
T-550- 2007
http://hdl.handle.net/2072/4055
The relationship between competition and performance-related pay has been analysed in single-principal-single-agent models. While this approach yields good predictions for managerial pay schemes, the predictions fail to apply for employees at lower tiers of a firm's hierarchy. In this paper, a principal-multi-agent model of incentive pay is developed which makes it possible to analyze the effect of changes in the competitiveness of markets on lower tier incentive payment schemes. The results explain why the payment schemes of agents located at low and mid tiers are less sensitive to changes in competition when aggregated firm data is used. JEL classification numbers: D82, J21, L13, L22. Keywords: Cournot competition, Contract delegation, Moral hazard, Entry, Market size, Wage cost.
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Documents de treball del Departament d'Economia;2007-01;
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Cournot competition
Contract delegation
Moral hazard
Entry
Market size
Wage cost
Market Competition and Lower Tier Incentives
info:eu-repo/semantics/article
oai:recercat.cat:2072/41762012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz, Luis
authorAndonova, Veneta Stefanova
2007-06-12T18:24:20Z
2007-06-12T18:24:20Z
2007
2007
1988 - 0812
T –1162-2007
http://hdl.handle.net/2072/4176
It has traditionally been argued that the development of telecommunications infrastructure is dependent on the quality of countries' political institutions. We estimate the effect of political institutions on the diffusion of three telecommunications services and find it to be much smaller in cellular telephony than in the others. By evaluating the importance of institutions for technologies rather than for industries, we reveal important growth opportunities for developing countries and offer policy implications for alleviating differences between countries in international telecommunications development. Keywords: Political constraints, telecommunications, GMM, economic development.
JEL codes: O1, O3.
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Documents de treball del Departament d'Economia;2007-02
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Política de la telecomunicació
Telecomunicació
Desenvolupament econòmic
Political constraints
Telecommunications
GMM
Economic development
Political institutions and the development of telecommunications
info:eu-repo/semantics/article
oai:recercat.cat:2072/41772012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
2007-06-12T18:29:23Z
2007-06-12T18:29:23Z
2007
2007
1988 - 0812
T-1163- 2007
http://hdl.handle.net/2072/4177
Social Accounting Matrices (SAM) are normally used to analyse the income
generation process. They are also useful, however, for analysing the cost transmission and price formation mechanisms. For price contributions, Roland-Holst and Sancho (1995) used the SAM structure to analyse the price and cost linkages through a representation of the interdependence between activities, households and factors. This paper is a further analysis of the cost transmission mechanisms, in which I add the capital account to the endogenous components of the Roland-Holst and Sancho approach. By doing this I reflect the responses of
prices to the exogenous shocks in savings and investment. I also present an
additive decomposition of the global price effects into categories of interdependence that isolates the impact on price levels of shocks in the capital account. I use a 1994 Social Accounting Matrix to make an empirical application of the Catalan economy. Keywords: social accounting matrix, cost linkages, price transmission, capital
account.
JEL Classification: C63, C69, D59.
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Documents de treball del Departament d'Economia;2007-03
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Comptabilitat social
Social accounting matrix
Cost linkages
Price transmission
Capital account
A Multisectorial model of prices: the SAM approach
info:eu-repo/semantics/article
oai:recercat.cat:2072/41782012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
2007-06-12T18:37:47Z
2007-06-12T18:37:47Z
2007
2007
1988 - 0812
T-1164- 2007
http://hdl.handle.net/2072/4178
This paper contributes to the existing literature on industrial location by
discussing some issues regarding the territorial levels that have been used in
location analysis. We analyse which could be the advantages and disadvantages of performing locational analysis at a different local levels. We use data for new manufacturing firms located at municipality, county and travel to work areas level. We show that location determinants vary according to the territorial level used in the analysis, so we conclude that the level at which we perform the investigation should be carefully selected. Keywords: industrial location, cities, agglomeration economies, count data
models.
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Documents de treball del Departament d'Economia;2007-04
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Ciutats
Industrial location
Cities
Agglomeration economies
Count data models
Industrial location at a local level: some comments about the territorial level of the analysis
info:eu-repo/semantics/article
oai:recercat.cat:2072/42882012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorLiviano, Daniel
2007-08-03T11:52:30Z
2007-08-03T11:52:30Z
2007
2007
1988 - 0812
T-1571 - 2007
http://hdl.handle.net/2072/4288
The aim of this article is to assess the effects of several territorial
characteristics, specifically agglomeration economies, on industrial location
processes in the Spanish region of Catalonia. Theoretically, the level of
agglomeration causes economies which favour the location of new
establishments, but an excessive level of agglomeration might cause
diseconomies, since congestion effects arise. The empirical evidence on this
matter is inconclusive, probably because the models used so far are not
suitable enough. We use a more flexible semiparametric specification, which
allows us to study the nonlinear relationship between the different types of
agglomeration levels and location processes. Our main statistical source is the
REIC (Catalan Manufacturing Establishments Register), which has plant-level
microdata on location of new industrial establishments. Keywords: agglomeration economies, industrial location, Generalized Additive
Models, nonparametric estimation, count data models.
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Documents de treball del Departament d'Economia;2007-05;
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Agglomeration economies
Industrial location
Generalized Additive Models
Nonparametric estimation
Count data models
Agglomeration and location: a nonparametric approach
info:eu-repo/semantics/article
oai:recercat.cat:2072/53162012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorManjón Antolín, Miguel C.
2008-04-07T18:00:18Z
2008-04-07T18:00:18Z
2007
2007
ISSN 1988 - 0812
Dipòsit Legal: T - 1886 - 2007
http://hdl.handle.net/2072/5316
Empirical studies on industrial location do not typically distinguish between new and relocated establishments. This paper addresses this shortcoming using data on the frequency of these events in municipalities of the same economic-administrative region. This enables us to test not only for differences in their determinants but also for interrelations between start-ups and relocations. Estimates from count regression models for cross-section and panel data show that, although partial effects differ, common patterns arise in “institutional” and “neoclassical” explanatory factors. Also, start-ups and relocations are positive but asymmetrically related. JEL classification: C25, R30, R10. Keywords: cities, count data models, industrial location
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Documents de treball del Departament d'Economia;2007-06
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Ciutats
Models economètrics
Locations and Relocations:Modelling, Determinants, and Interrelations
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53172012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFerré Carracedo, Montserrat
authorManzano, Carolina
2008-04-07T18:10:57Z
2008-04-07T18:10:57Z
2007
2007
1988 - 0812
T - 1887 - 2007
http://hdl.handle.net/2072/5317
Central banks often intervene secretly in the foreign exchange market. This secrecy
seems to be at odds with the signalling channel. In this article we will analyse when
a central bank intervening in the foreign exchange rate market purely through the
signalling channel would prefer to act secretly or publicly. By using a microstructure model, we will show that the consistency of the intervention with fundamentals, the volume of noise trading, the weight given to the effectiveness of intervention and the degree of superior information held by the central bank will influence the decision to intervene secretly or publicly. Keywords: foreign exchange intervention, market microstructure. JEL Classifi
cation: D82, E58, F31, G14.
35
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Documents de treball del Departament d'Economia;2007-07
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Canvi exterior
Mercat exterior
Bancs centrals
When do central banks prefer to intervene secretly?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53182012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
2008-04-07T18:18:23Z
2008-04-07T18:18:23Z
2007
2007
1988 - 0812
T - 1888- 2007
http://hdl.handle.net/2072/5318
We use a threshold seemingly unrelated regressions specification to assess whether the Central and East European countries (CEECs) are synchronized in their business cycles to the Euro-area. This specification is useful in two ways: First, it takes into account the common institutional factors and the similarities across CEECs in their process of economic transition. Second, it captures business cycle asymmetries by allowing for the presence of two distinct regimes for the CEECs. As the CEECs are strongly affected by the Euro-area these regimes may be associated with Euro-area expansions and contractions. We discuss representation, estimation by maximum likelihood and inference. The methodology is illustrated by using monthly industrial production in 8 CEECs. The results show that apart from Lithuania the rest of the CEECs experience “normal” growth when the Euro-area contracts and “high” growth when the Euro-area expands. Given that the CEECs are “catching up” with the Euro-area this result shows that most CEECs seem synchronized to the Euro-area cycle. Keywords: Threshold SURE; asymmetry; business cycles; CEECs. JEL classification: C33; C50; E32.
35
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Documents de treball del Departament d'Economia;2007-08
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Cicles econòmics
Europa Central
Europa de l'Est
Business Cycle Regimes in CEECs Production: A Threshold SURE Approach
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53192012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
authorPié Dols, Laia
2008-04-07T18:23:39Z
2008-04-07T18:23:39Z
2007
2007
1988 - 0812
T - 1889 - 2007
http://hdl.handle.net/2072/5319
The aim of the paper is to analyse the economic impact of alternative policies
implemented on the energy activities of the Catalan production system. Specifically, we
analyse the effects of a tax on intermediate energy uses, a reduction in the final production
of energy, and a reduction in intermediate energy uses. The methodology involves two
versions of the input-output price model: a competitive price formulation and a mark-up
price formulation. The input-output price framework will make it possible to evaluate how
the alternative measures modify production prices, consumption prices, private welfare,
and intermediate energy uses. The empirical application is for the Catalan economy and
uses economic data for the year 2001.
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Documents de treball del Departament d'Economia;2007-09
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Política energètica
Energia
Impostos
Catalunya
Economic impact of alternative policy measures implemented on the energy activities of the Catalan production system: an input-output analysis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53602012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDahm, Matthias
authorGonzález, Paula
authorPorteiro Fresco, Nicolás
2008-04-24T15:11:22Z
2008-04-24T15:11:22Z
2008
2008
1988 - 0812
T – 811- 2008
http://hdl.handle.net/2072/5360
Scandals of selective reporting of clinical trial results by pharmaceutical firms have underlined the need for more transparency in clinical trials. We provide a theoretical framework
which reproduces incentives for selective reporting and yields three key implications concerning regulation. First, a compulsory clinical trial registry complemented through a voluntary
clinical trial results database can implement full transparency (the existence of all trials as
well as their results is known). Second, full transparency comes at a price. It has a deterrence
effect on the incentives to conduct clinical trials, as it reduces the firms'gains from trials.
Third, in principle, a voluntary clinical trial results database without a compulsory registry
is a superior regulatory tool; but we provide some qualified support for additional compulsory registries when medical decision-makers cannot anticipate correctly the drug companies'
decisions whether to conduct trials.
Keywords: pharmaceutical firms, strategic information transmission, clinical trials, registries, results databases, scientific knowledge
JEL classification: D72, I18, L15
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Documents de treball del Departament d'Economia;2008-01
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Indústria farmacèutica
Comunicació científica
Assaigs clínics
Coneixement científic
Trials, tricks and transparency: how disclosure rules affect clinical knowledge
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53612012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorMartínez Ibáñez, Oscar
authorOlmo, José
2008-04-24T15:27:09Z
2008-04-24T15:27:09Z
2008
2008
T – 812 - 2008
1988 - 0812
http://hdl.handle.net/2072/5361
One of the main implications of the efficient market hypothesis (EMH) is that expected
future returns on financial assets are not predictable if investors are risk neutral. In this
paper we argue that financial time series offer more information than that this hypothesis
seems to supply. In particular we postulate that runs of very large returns can be predictable
for small time periods. In order to prove this we propose a TAR(3,1)-GARCH(1,1) model
that is able to describe two different types of extreme events: a first type generated by large
uncertainty regimes where runs of extremes are not predictable and a second type where
extremes come from isolated dread/joy events. This model is new in the literature in nonlinear
processes. Its novelty resides on two features of the model that make it different from previous
TAR methodologies. The regimes are motivated by the occurrence of extreme values and
the threshold variable is defined by the shock affecting the process in the preceding period.
In this way this model is able to uncover dependence and clustering of extremes in high
as well as in low volatility periods. This model is tested with data from General Motors
stocks prices corresponding to two crises that had a substantial impact in financial markets
worldwide; the Black Monday of October 1987 and September 11th, 2001. By analyzing the
periods around these crises we find evidence of statistical significance of our model and thereby
of predictability of extremes for September 11th but not for Black Monday. These findings
support the hypotheses of a big negative event producing runs of negative returns in the first
case, and of the burst of a worldwide stock market bubble in the second example.
JEL classification: C12; C15; C22; C51
Keywords and Phrases: asymmetries, crises, extreme values, hypothesis testing, leverage effect,
nonlinearities, threshold models
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Documents de treball del Departament d'Economia;2008-02
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Crisis financeres
Observacions aberrants (Estadística)
Hipòtesi estadística -- Proves
Teories no-lineals
A nonlinear threshold model for the dependence of extremes of stationary sequences
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53662012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFerré Carracedo, Montserrat
authorManzano, Carolina
2008-05-06T13:49:40Z
2008-05-06T13:49:40Z
2008
2008
1988 - 0812
T-835-2008
http://hdl.handle.net/2072/5366
In this article we develop a theoretical microstructure model of coordinated central bank intervention based on asymmetric information. We
study the economic implications of coordination on some measures of market quality and show that the model predicts higher volatility and more
significant exchange rate changes when central banks coordinate compared
to when they intervene unilaterally. Both these predictions are in line with
empirical evidence.
Keywords: coordinated foreign exchange intervention, market microstructure.
JEL Classification: D82, E58, F31, G14
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Documents de treball del Departament d'Economia;2008-03
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Bancs centrals
Planificació centralitzada
Models economètrics
Estructura econòmica
Market effects of foreign exchange coordinated intervention
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/53682012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAlcalde, José
authorDahm, Matthias
2008-05-06T14:16:30Z
2008-05-06T14:16:30Z
2008
2008
1988 - 0812
T-836-2008
http://hdl.handle.net/2072/5368
We analyze (non-deterministic) contests with anonymous contest success functions.
There is no restriction on the number of contestants or on their valuations for the
prize. We provide intuitive and easily verifiable conditions for the existence of an
equilibrium with properties similar to the one of the (deterministic) all-pay auction.
Since these conditions are fulfilled for a wide array of situations, the predictions of
this equilibrium are very robust to the specific details of the contest. An application
of this result contributes to fill a gap in the analysis of the popular Tullock rent-
seeking game because it characterizes properties of an equilibrium for increasing
returns to scale larger than two, for any number of contestants and in contests with
or without a common value.
Keywords: (non-) deterministic contest, all-pay auction, contest success functions.
JEL Classification Numbers:
C72 (Noncooperative Games),
D72 (Economic Models of Political Processes: Rent-Seeking, Elections),
D44 (Auctions).
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Documents de treball del Departament d'Economia;2008-04
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Subhastes
Política
Models economètrics
Renda (Teoria econòmica)
Eleccions
Jocs, Teoria de
All-pay auction equilibria in contests
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/89502012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
authorOsborn, Denise R.
authorSensier, Marianne
2008-06-17T13:17:59Z
2008-06-17T13:17:59Z
2008
2008
1988 - 0812
T-1029-2008
http://hdl.handle.net/2072/8950
This paper provides evidence on the sources of co-movement in monthly US and UK
stock price movements by investigating the role of macroeconomic and financial
variables in a bivariate system with time-varying conditional correlations. Crosscountry
communality in response is uncovered, with changes in the US Federal Funds
rate, UK bond yields and oil prices having similar negative effects in both markets.
Other variables also play a role, especially for the UK market. These effects do not,
however, explain the marked increase in cross-market correlations observed from
around 2000, which we attribute to time variation in the correlations of shocks to
these markets. A regime-switching smooth transition model captures this time
variation well and shows the correlations increase dramatically around 1999-2000.
JEL classifications: C32, C51, G15
Keywords: international stock returns, DCC-GARCH model, smooth transition
conditional correlation GARCH model, model evaluation.
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Documents de treball del Departament d'Economia;2008-05
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Anàlisi de sèries temporals
Models economètrics
Finances internacionals
Co-movements between US and UK stock prices: the roles of macroeconomic information and time-series varying conditional correlations
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/92572012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorLiviano Solís, Daniel
authorManjón Antolín, Miguel C.
2008-09-23T13:25:25Z
2008
2008
2008
1988 - 0812
T-1176-2008
http://hdl.handle.net/2072/9257
This paper surveys recent evidence on the determinants of (national and/or foreign)
industrial location. We find that the basic analytical framework has remained
essentially unaltered since the early contributions of the early 1980's while, in contrast,
there have been significant advances in the quality of the data and, to a lesser extent,
the econometric modelling. We also identify certain determinants (neoclassical and
institutional factors) that tend to provide largely consistent results across the reviewed
studies. In light of this evidence, we finally suggest future lines of research.
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Documents de treball del Departament d'Economia;2008-06
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Empirical studies in industrial location: an assessment of their methods and results
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/92592012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorSegarra Blasco, Agustí
authorTeruel Carrizosa, Mercedes
2008-09-23T14:31:47Z
2008-09-23T14:31:47Z
2008
2008
1988 - 0812
T - 1177 - 2008
http://hdl.handle.net/2072/9259
This paper explores the effects of two main sources of innovation -intramural and external R&D- on the productivity level in a sample of 3,267 Catalonian firms. The data set used is based on the official innovation survey of Catalonia which was a part of the Spanish sample of CIS4, covering the years 2002-2004. We compare empirical results by applying usual OLS and quantile regression techniques both in manufacturing and services industries. In quantile regression, results suggest different patterns at both innovation sources as we move across conditional quantiles. The elasticity of intramural R&D activities on productivity decreased when we move up the high productivity levels both in manufacturing and services sectors, while the effects of external R&D rise in high-technology industries but are more ambiguous in low-technology and knowledge-intensive services. JEL codes: O300, C100, O140. Keywords: Innovation sources, R&D, Productivity, Quantile regression
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Documents de treball del Departament d'Economia;2008-07
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Investigació industrial
Empreses -- Innovacions tecnològiques
Productivitat industrial
Tecnologia -- Innovacions
Anàlisi de regressió
Innovation sources and productivity in Catalonian firms: a quantile regression analysis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/94932012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorCorchón, Luis C.
authorDahm, Matthias
2008-09-23T14:50:57Z
2008-09-23T14:50:57Z
2008
2008
1988 - 0812
T - 1178 - 2008
http://hdl.handle.net/2072/9493
In the literature the outcome of contests is either interpreted as win probabilities or
as shares of the prize. With this in mind, we examine two approaches to contest success
functions. In the first we analyze the implications of contestants' incomplete information
concerning the "type" of the contest administrator. While in the case of two contestants
this approach can rationalize prominent contest success functions, we show that it runs into
difficulties when there are more agents. Our second approach interprets contest success
functions as sharing rules and establishes a connection to bargaining and claims problems
which is independent of the number of contestants. Both approaches provide foundations for
popular contest success functions and guidelines for the definition of new ones.
Keywords: Endogenous Contests, Contest Success Function.
JEL Classification: C72 (Noncooperative Games), D72 (Economic Models of Political
Processes: Rent-Seeking, Elections), D74 (Conflict; Conflict Resolution; Alliances).
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Documents de treball del Departament d'Economia;2008-08
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Ciències polítiques -- Models matemàtics
Foundations for contest success functions
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/95292012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
authorArauzo Carod, Josep Maria
2008-09-23T15:14:15Z
2008-09-23T15:14:15Z
2008
2008
1988 - 0812
T - 1324 - 2008
http://hdl.handle.net/2072/9529
In this paper we analyse the economic impact of a new museum (the Gaudí
Centre) on the local economy of Reus, a city in the province of Tarragona
(southern Catalonia). We use a Keynesian income multiplier model to evaluate
the effects of this new cultural venue on local income. In our calculation of the
economic impact we distinguish between two phases: the construction phase
and the exploitation phase. Our results show the important income impact of
this cultural investment on the local economy.
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Documents de treball del Departament d'Economia;2008-09
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Reus -- Condicions econòmiques
Museus -- Reus
Gaudí Centre (Reus)
Economia urbana
Economic impact of a new museum on the local economy: "The Gaudí Centre"
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/132632012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
authorSavva, Christos S.
2009-01-19T16:38:26Z
2009-01-19T16:38:26Z
2008
2008
1988 - 0812
T - 1618 - 2008
http://hdl.handle.net/2072/13263
This paper measures the degree in stock market integration between five Eastern
European countries and the Euro-zone. A potentially gradual transition in correlations
is accommodated by smooth transition conditional correlation models. We find that
the correlation between stock markets has increased from 2001 to 2007. In particular,
the Czech and Polish markets show a higher correlation to the Euro-zone. However,
this is not a broad-based phenomenon across Eastern Europe. We also find that the
increase in correlations is not a reflection of a world-wide phenomenon of financial
integration but appears to be specific to the European market.
JEL classifications: C32; C51; F36; G15
Keywords: Multivariate GARCH; Smooth Transition Conditional Correlation; Stock
Return Comovement; New EU Members.
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Documents de treball del Departament d'Economia;2008-10
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Anàlisi de sèries temporals
Models economètrics
Integració econòmica
Integració europea
Finances internacionals
Europa de l'Est
Ampliació de la Unió Europea
Stock market integration between new EU member
states and the Euro-zone
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/132642012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAlcalde, José
authorDahm, Matthias
2009-01-19T17:14:13Z
2009-01-19T17:14:13Z
2008
2008
1988 - 0812
T - 2122 - 2008
http://hdl.handle.net/2072/13264
Abstract
Despite the popularity of auction theoretical thinking, it appears that no one has
presented an elementary equilibrium analysis of the first-price sealed-bid auction
mechanism under complete information. This paper aims to remedy that omission.
We show that the existence of pure strategy undominated Nash equilibria requires
that the bidding space is not "too divisible" (that is, a continuum). In fact, when
bids must form part of a finite grid there always exists a "high price equilibrium".
However, there might also be "low price equilibria" and when the bidding space
is very restrictive the revenue obtained in these "low price equilibria" might be
very low. We discuss the properties of the equilibria and an application of auction
theoretical thinking in which "low price equilibria" may be relevant.
Keywords: First-price auctions, undominated Nash equilibria.
JEL Classification Numbers:
C72 (Noncooperative Games),
D44 (Auctions).
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Documents de treball del Departament d'Economia;2008-11
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Jocs, Teoria de
Preus -- Fixació
Equilibri (Economia)
Nash, Varietats de
The Complete Information First. Price Auction or the Importance of Being Indivisible
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/132652012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
authorDungey, Mardi
authorSavva, Christos S.
2009-01-19T17:56:52Z
2009-01-19T17:56:52Z
2008
2008
1988 - 0812
T - 2123 - 2008
http://hdl.handle.net/2072/13265
The advent of the European Union has decreased the diversification benefits available
from country based equity market indices in the region. This paper measures the increase in
stock integration between the three largest new EU members (Hungary, the Czech Republic
and Poland who joined in May 2004) and the Euro-zone. A potentially gradual transition in
correlations is accommodated in a single VAR model by embedding smooth transition
conditional correlation models with fat tails, spillovers, volatility clustering, and asymmetric
volatility effects. At the country market index level all three Eastern European markets show
a considerable increase in correlations in 2006. At the industry level the dates and transition
periods for the correlations differ, and the correlations are lower although also increasing. The
results show that sectoral indices in Eastern European markets may provide larger
diversification opportunities than the aggregate market.
JEL classifications: C32; C51; F36; G15
Keywords: Multivariate GARCH; Smooth Transition Conditional Correlation;
Stock Return Comovement; Sectoral correlations; New EU Members
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Documents de treball del Departament d'Economia;2008-12
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Anàlisi de sèries temporals
Models economètrics
Integració econòmica
Integració europea
Finances internacionals
Ampliació de la Unió Europea
Hongria
República Txeca
Polònia
Progress Towards to Equity Market Integration in Eastern Europe
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/132682012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz Serrano, Luis
2009-01-20T14:13:12Z
2009-01-20T14:13:12Z
2008
2008
1988 - 0812
T - 2124 - 2008
http://hdl.handle.net/2072/13268
Residential satisfaction is often used as a barometer to assess the performance of public policy and programmes designed to raise individuals' well-being. However, the fact that responses elicited from residents might be biased by subjective, non-observable factors casts doubt on whether these responses can be taken as trustable indicators of the individuals' housing situation. Emotional factors such as aspirations or expectations might affect individuals' cognitions of their true residential situation. To disentangle this puzzle, we investigated whether identical residential attributes can be perceived differently depending on tenure status. Our results indicate that tenure status is crucial not only in determining the level of housing satisfaction, but also regarding how dwellers perceive their housing characteristics. Keywords: Housing satisfaction, subjective well-being, homeownership. JEL classification: D1, R2.
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Documents de treball del Departament d'Economia;2008-13
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Economia domèstica
Benestar
Habitatge -- Aspectes psicològics
Llar
Propietat
Consumidors -- Satisfacció
Individual Aspirations and Satisfaction:Quantifying the Importance of Homeownership
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158092012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDahm, Matthias
2009-05-19T14:06:26Z
2009-05-19T14:06:26Z
2009
2009
1988 - 0812
T - 351 - 2009
http://hdl.handle.net/2072/15809
We consider a population of agents distributed on the unit interval. Agents form jurisdictions
in order to provide a public facility and share its costs equally. This creates an incentive
to form large entities. Individuals also incur a transportation cost depending on their location
and that of the facility which makes small jurisdictions advantageous. We consider a
fairly general class of distributions of agents and generalize previous versions of this model by
allowing for non-linear transportation costs. We show that, in general, jurisdictions are not
necessarily homogeneous. However, they are if facilities are always intraterritory and transportation
costs are superadditive. Superadditivity can be weakened to strictly increasing
and strictly concave when agents are uniformly distributed.
Keywords: Consecutiveness, stratification, local public goods, coalition formation, country
formation.
JEL Classification: C71 (Cooperative Games), D71 (Social Choice; Clubs; Committees;
Associations), H73 (Interjurisdictional Differentials and Their Effects).
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Documents de treball del Departament d'Economia;2009-01
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Jocs cooperatius
Elecció social
Béns públics
Coalició (Ciències socials)
Desigualtats regionals
Free Mobility and Taste-Homogeneity of Jurisdiction Structures
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158102012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
authorCipollini, Andrea
2009-05-19T15:31:10Z
2009-05-19T15:31:10Z
2009
2009
ISSN 1988 - 0812
T - 352 - 2009
http://hdl.handle.net/2072/15810
In this paper we examine the out-of-sample forecast performance of high-yield credit
spreads regarding real-time and revised data on employment and industrial production
in the US. We evaluate models using both a point forecast and a probability forecast
exercise. Our main findings suggest the use of few factors obtained by pooling
information from a number of sector-specific high-yield credit spreads. This can be
justified by observing that, especially for employment, there is a gain from using a
principal components model fitted to high-yield credit spreads compared to the
prediction produced by benchmarks, such as an AR, and ARDL models that use either
the term spread or the aggregate high-yield spread as exogenous regressor. Moreover,
forecasts based on real-time data are generally comparable to forecasts based on revised
data.
JEL Classification: C22; C53; E32
Keywords: Credit spreads; Principal components; Forecasting; Real-time data.
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Documents de treball del Departament d'Economia;2009-02
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Sèries temporals--Anàlisi
Previsió econòmica--Models economètrics
Cicles econòmics
Processament de dades en temps real
Crèdit
Leading indicator properties of US high-yield credit spreads
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158432012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorTheilen, Bernd
2009-05-26T15:16:48Z
2009-05-26T15:16:48Z
2009
2009
1988 - 0812
T - 546 - 2009
http://hdl.handle.net/2072/15843
The relationship between competition and performance-related pay has been analyzed
in single-principal-single-agent models. While this approach yields good predictions for
managerial pay schemes, the predictions fail to apply for employees at lower tiers of a
firm's hierarchy. In this paper, a principal-multi-agent model of incentive pay is developed
which makes it possible to analyze the effect of changes in the competitiveness of markets
on lower tier incentive payment schemes. The results explain why the payment schemes
of agents located at low and mid tiers are less sensitive to changes in competition when
aggregated firm data is used.
Journal of Economic Literature classiffication numbers: D82, J21, L13, L22.
Keywords: Cournot Competition, Contract Delegation, Moral Hazard, Entry, Market Size,
Wage Cost.
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Documents de treball del Departament d'Economia;2009-03
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercat de treball
Oligopolis-Models economètrics
Rendiment industrial
Competència econòmica
Market Competition and Lower Tier Incentives
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158442012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFlores-Fillol, Ricardo
2009-05-26T15:34:03Z
2009-05-26T15:34:03Z
2009
2009
1988 - 0812
T - 610 - 2009
http://hdl.handle.net/2072/15844
Hub congestion is a major problem and a relevant policy issue because it causes
delays and many organizational problems at airports that end up implying unpleasant
consequences both for air travelers and airlines. In a competitive framework in which
carriers choose aircraft size, this paper suggests that airlines schedule too many flights
using overly small aircraft, which constitutes a major contributor to congestion. Two-
part congestion tolls, accounting for the congestion imposed on other carriers and the
congestion imposed on all passengers, are needed to recover e¢ ciency. Finally, we
analyze the validity of the results by studying the effects of network size, airport
capacity, competition in layover time, and the formation of airline alliances.
Keywords: congestion; hub-and-spoke networks; overprovision of frequency; con-
gestion internalization; congestion tolls
JEL Classiffication Numbers: L13; L2; L93
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Documents de treball del Departament d'Economia;2009-04
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Oligopolis
Organització industrial
Aviació comercial
Aeroports-Direcció i administració
Congested hubs
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158452012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorOliva, Martí
authorCarles Lavila, Misericòrdia
2009-05-26T15:48:56Z
2009-05-26T15:48:56Z
2009
2009
1988 - 0812
T - 757 - 2009
http://hdl.handle.net/2072/15845
Presentamos un modelo de diferenciación vertical y horizontal de productos que explica la dispersión de
precios de la industria de seguros sanitarios con prestación de servicios en España. El modelo capta la
competencia en precios de grandes aseguradoras con pequeñas mutualidades de ámbito local y establece
que las primeras cargan, en general, primas mayores. También obtenemos que, aunque el mercado
permite la entrada de un número excesivo de empresas, la presencia de aseguradoras de ámbito local
aumenta el bienestar social, al completar la gama de productos disponibles por los consumidores, a partir
de unos reducidos costes de entrada en la industria.
Organización industrial, seguros sanitarios, economía de la salud
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Documents de treball del Departament d'Economia;2009-05
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Organització industrial
Assegurances de malaltia
Economia de la salut
Dispersión de precios en la industria de seguros sanitarios privados
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158462012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorBilotkach, Volodymyr
authorFageda, Xavier
authorFlores-Fillol, Ricardo
2009-05-26T17:09:06Z
2009-05-26T17:09:06Z
2009
2009
1988 - 0812
T - 787 - 2009
http://hdl.handle.net/2072/15846
This paper presents a theoretical and empirical analysis of the relationship be-
tween frequency of scheduled transportation services and their substitutability with
personal transportation (using distance as a proxy). We study the interaction between
a monopoly firm providing a high-speed scheduled service and private transportation
(i.e., car). Interestingly, the carrier chooses to increase the frequency of service on
longer routes when competing with personal transportation because by providing higher
frequency (at extra cost) it can also charge higher fares which can boost its profits.
However, in line with the results of earlier studies, frequency decreases for longer flights
when driving is not a viable option. An empirical application of our analysis to the
European airline industry confirms the predictions of our theoretical model.
Keywords: short-haul routes; long-haul routes; flight frequency; distance
JEL Classification Numbers: L13; L2; L93
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Documents de treball del Departament d'Economia;2009-06
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Oligopolis
Organització industrial
Aviació comercial
Aviació-Vols
Transport públic
Scheduled Service Versus Personal Transportation: The Role of Distance
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/158472012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
2009-05-26T17:27:03Z
2009-05-26T17:27:03Z
2009
2009
1988 - 0812
T - 803 - 2009
http://hdl.handle.net/2072/15847
The empirical finding of an inverse U-shaped relationship between per capita income and pollution, the so-called Environmental Kuznets Curve (EKC), suggests that as countries experience economic growth, environmental deterioration decelerates and thus becomes less of an issue. Focusing on the prime example of carbon emissions, the present article provides a critical review of the new econometric techniques that have questioned the baseline polynomial specification in the EKC literature. We discuss issues related to the functional form, heterogeneity, “spurious” regressions and spatial dependence to address whether and to what extent the EKC can be observed. Despite these new approaches, there is still no clear-cut evidence supporting the existence of the EKC for carbon emissions. JEL classifications: C20; Q32; Q50; O13 Keywords: Environmental Kuznets Curve; Carbon emissions; Functional form; Heterogeneity; “Spurious” regressions; Spatial dependence.Residential satisfaction is often used as a barometer to assess the performance of public policy and programmes designed to raise individuals' well-being. However, the fact that responses elicited from residents might be biased by subjective, non-observable factors casts doubt on whether these responses can be taken as trustable indicators of the individuals' housing situation. Emotional factors such as aspirations or expectations might affect individuals' cognitions of their true residential situation. To disentangle this puzzle, we investigated whether identical residential attributes can be perceived differently depending on tenure status. Our results indicate that tenure status is crucial not only in determining the level of housing satisfaction, but also regarding how dwellers perceive their housing characteristics. Keywords: Housing satisfaction, subjective well-being, homeownership. JEL classification: D1, R2.
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Documents de treball del Departament d'Economia;2009-07
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Recursos naturals
Desenvolupament econòmic
Economia-Aspectes ambientals
Carboni
Emissions atmosfèriques
Models economètrics
Environmental Kuznets Curves for Carbon Emissions: A Critical Survey
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428632012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorTheilen, Bernd
2009-12-10T18:11:28Z
2009-12-10T18:11:28Z
2009
2009
1988 - 0812
T - 1278 - 2009
http://hdl.handle.net/2072/42863
This paper analyzes the delegation of contracting capacity in a moral hazard environment with sequential
production in a project which involves a principal and two agents. The agent in charge of the
nal production
can obtain soft information about the other agent's effort choice by investing in monitoring. I investigate the
circumstances under which it is optimal for the principal to use a centralized organization in which she designs
the contracts with both agents or to use a decentralized organization in which she contracts only one agent, and
delegates the power to contract the other agent. It is shown that in this setting a decentralized organization can
be superior to a centralized organization. This is because the principal is better off under monitoring and the
incentives for an agent to invest in monitoring can be higher in a decentralized organization. The circumstances
under which this is true are related to the monitoring costs and the importance of each agent for production.
The results explain the recent application of the design-build method in public procurement.
Journal of Economic Literature Classi
cation Numbers: D23, D82, L14, L22.
Keywords: Decentralization of Contracting, Monitoring, Moral Hazard.
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Documents de treball del Departament d'Economia;2009-08
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Conducta organitzacional
Contractació externa
Decentralization and the Gains from Monitoring
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428652012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorIranzo, Susana
authorPeri, Giovanni
2009-12-10T18:33:05Z
2009-12-10T18:33:05Z
2009
2009
1988 - 0812
T - 1279 - 2009
http://hdl.handle.net/2072/42865
The remarkable increase in trade flows and in migratory flows of highly educated people are two important
features of globalization of the last decades. This paper extends a two-country model of inter- and intraindustry
trade to a rich environment featuring technological differences, skill differences and the possibility
of international labor mobility. The model is used to explain the patterns of trade and migration as countries
remove barriers to trade and to labor mobility. We parameterize the model to match the features of the
Western and Eastern European members of the EU and analyze first the effects of the trade liberalization
which occured between 1989 and 2004, and then the gains and losses from migration which are expected to
occur if legal barriers to labor mobility are substantially reduced. The lower barriers to migration would
result in significant migration of skilled workers from Eastern European countries. Interestingly, this would
not only benefit the migrants and most Western European workers but, via trade, it would also benefit the
workers remaining in Eastern Europe.
Key Words: Skilled Migration, Gains from Variety, Real Wages, Eastern-Western Europe.
JEL Codes: F12, F22, J61.
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Documents de treball del Departament d'Economia;2009-09
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Competència econòmica imperfecta
Emigració i immigració
Immigrants -- Treball
Mobilitat laboral
Migration and trade: Theory with an Application to the Eastern- Western European Integration
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428662012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorArauzo Carod, Josep Maria
authorManjón Antolín, Miguel C.
2009-12-10T18:41:14Z
2009-12-10T18:41:14Z
2009
2009
1988 - 0812
T - 1280 - 2009
http://hdl.handle.net/2072/42866
Empirical studies on the determinants of industrial location typically use
variables measured at the available administrative level (municipalities,
counties, etc.). However, this amounts to assuming that the effects these
determinants may have on the location process do not extent beyond the
geographical limits of the selected site. We address the validity of this
assumption by comparing results from standard count data models with those
obtained by calculating the geographical scope of the spatially varying
explanatory variables using a wide range of distances and alternative spatial
autocorrelation measures. Our results reject the usual practice of using
administrative records as covariates without making some kind of spatial
correction.
Keywords: industrial location, count data models, spatial statistics
JEL classification: C25, C52, R11, R30
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Documents de treball del Departament d'Economia;2009-10
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Anàlisi espacial (Estadística)
Models economètrics
Economia regional
(Optimal) Spatial Aggregation in the Determinants of Industrial Location
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428672012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorManjón Antolín, Miguel C.
authorAñón Higón, Dolores
2009-12-10T19:02:08Z
2009-12-10T19:02:08Z
2009
2009
1988 - 0812
T - 1281 - 2009
http://hdl.handle.net/2072/42867
R&D investment is an important driver of productivity gains. However, firms differ in their ability to appropiate the returns to their R&D efforts. This paper analyses to what extent firm's internationalization influences the endogenous relation between R&D and productivity. In particular, we assess the contribution of R&D to productivity for a panel of UK firms that differ in their degree of internationalization. We find that, on average, multinationals obtain higher gains from their investment in R&D. However, the influence of internationalization on the contribution of R&D to productivity varies along the distribution of the returns to R&D.
Keywords: R&D, Multinationals, Productivity.
JEL Codes: C14, D24, F23.
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Documents de treball del Departament d'Economia;2009-11
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Investigació industrial
Empreses multinacionals
Productivitat industrial
Does Internationalization Alter the R&D-Productivity Relationship?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428702012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorMañé Vernet, Ferran
authorBenner, Chris
2009-12-10T19:11:26Z
2009-12-10T19:11:26Z
2009
2009
1988 - 0812
T - 1282 - 2009
http://hdl.handle.net/2072/42870
Employment in call centers has grown significantly throughout the world over the past 15 years. In debates about the quality of these new jobs, there are few studies that specifically address promotion opportunities. Using a survey of over 2400 call centers in 16 countries, this paper documents levels and analyzes factors shaping promotions in call centers, and discusses implications for promotions in the service sector generally. On average, less than 10% of call center agents are promoted in any year--5.7% promoted internally to the call center, and 4% promoted elsewhere in the business. Firms that have more complex labor processes and require agents to have higher levels of firm-specific knowledge tend to also have greater promotion opportunities, which might be expected. There are also unexpected findings, including that increased autonomy in the workplace often provides a ‘substitute' to advancement opportunities, and that unionization is associated with fewer advancement opportunities within call centers, though more advancement opportunities to other parts of the business. Key words: promotions, service industries, call centers.
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Documents de treball del Departament d'Economia;2009-12
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Centres d'atenció telefònica
Empreses de serveis
Promoció professional
Dead-End Jobs or Career Opportunities? Advancement opportunities in call centers
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428922012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorSegarra Blasco, Agustí
authorTeruel Carrizosa, Mercedes
2009-12-11T17:48:08Z
2009-12-11T17:48:08Z
2009
2009
1988 - 0812
T - 1283 - 2009
http://hdl.handle.net/2072/42892
This paper explores the effects of two main sources of innovation - intramural and external R&D— on the productivity level in a sample of 3,267 Catalonian firms. The data set used is based on the official innovation survey of Catalonia which was a part of the Spanish sample of CIS4, covering the years 2002-2004. We compare empirical results by applying usual OLS and quantile regression techniques both in manufacturing and services industries. In quantile regression, results suggest different patterns at both innovation sources as we move across conditional quantiles. The elasticity of intramural R&D activities on productivity decreased when we move up the high productivity levels both in manufacturing and services sectors, while the effects of external R&D rise in high-technology industries but are more ambiguous in low-technology and knowledge-intensive services. JEL codes: O300, C100, O140 Keywords: Innovation sources, R&D, Productivity, Quantile Regression
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Documents de treball del Departament d'Economia; 2009-13
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Empreses -- Innovacions
Investigació industrial
Productivitat industrial
Innovation sources and productivity in Catalonian firms: a quantile regression analysis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428952012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz Serrano, Luis
authorStoyanova, Alexandrina Petrova
2009-12-11T18:55:57Z
2009-12-11T18:55:57Z
2009
2009
1988 - 0812
T - 1284 - 2009
http://hdl.handle.net/2072/42895
Using panel data for twelve EU countries, we analyze the relationship between selfreported housing satisfaction and residential mobility. Our results indicate the existence of a positive link between the two variables and that housing satisfaction exerts a mediating effect between residential characteristics and dwellers' mobility propensities. Some interesting cross-country differences regarding the effect of other variables on mobility are also observed. Our results can be used in defining, implementing and evaluating housing and neighbourhood policies. Residential satisfaction is put forward as one of the most appropriate indicators of the success or failure of such policies. Keywords: Housing satisfaction, residential mobility JEL classification: R21, D19
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Documents de treball del Departament d'Economia;2009-14
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mobilitat residencial
Habitatge, Política de l'
Economia domèstica
Mobility and Housing Satisfaction: An Empirical Analysis for Twelve EU Countries
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428972012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz Serrano, Luis
authorFerrer Carbonell, Ada
authorHartog, Joop
2009-12-11T19:12:02Z
2009-12-11T19:12:02Z
2009
2009
1988 - 0812
T - 1285 - 2009
http://hdl.handle.net/2072/42897
We replicate Shaw (1996) who found that individual wage growth is higher for
individuals with greater preference for risk taking. Expanding her dataset with more
American observations and data for Germany, Spain and Italy, we find mixed support
for the earlier results. We present and estimate a new model and find that in particular
the wage level is sensitive to attitudes towards risk taking.
Comments given at the Labour Economics Conference in honour of Niels Westergaard
(Nyborg, August 2008) and EALE 2008 (Amsterdam) and at seminars in
Maastricht,Reus and Essen (RWI) are gratefully acknowledged. The authors also
acknowledge financial support from the Spanish Ministry of Science and Innovation
(grant number SEJ2007-66318) and from the Barcelona Economics Program of CREA.
JEL code: J24; J30.
Key words: wage growth, risk, post-school investment.
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Documents de treball del Departament d'Economia;2009-15
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Salaris
Ocupació, Cerca d'
Promoció professional
Risk Attitude And Wage Growth: Replication And Reconstruction
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/428982012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz Serrano, Luis
authorFerrer Carbonell, Ada
authorHartog, Joop
2009-12-11T19:26:42Z
2009-12-11T19:26:42Z
2009
2009
1988 - 0812
T - 1286 - 2009
http://hdl.handle.net/2072/42898
There is a general consensus that homeownership has beneficial effects for both individuals and society in many outcomes. However, research regarding the effect of homeownership on individuals' subjective well-being remains inconclusive. In this paper, for the first time, we provide empirical evidence for the link between homeownership and housing satisfaction using panel data. We use the eight waves of the European Community Household Panel (ECHP) covering the period 1994-2001. We observe that renters who become homeowners not only experience a significant increase in housing satisfaction, but also after changing their tenure status, they obtain a different utility from the same housing context. This evidence might provide support to the hypothesis that a share of the differences in the perceived utility derived from housing can be attributed to (un)fulfilled expectations or aspirations regarding homeownership. Keywords: Housing satisfaction, subjective well-being, homeownership, fixed-effects, housing aspirations JEL classification: D1, R2.
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Documents de treball del Departament d'Economia;2009-16
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Habitatge
Satisfacció
Benestar
Béns immobles
Disentangling the Housing Satisfaction Puzzle: Does Homeownership Really Matter?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438592012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorStoyanova, Alexandrina Petrova
authorDíaz Serrano, Luis
2010-02-23T15:41:32Z
2010-02-23
2009
2009
1988 - 0812
T - 2116 - 2009
http://hdl.handle.net/2072/43859
El fenómeno de la inmigración está transformando las sociedades receptoras.
Un creciente número de estudios revela que la reciente inmigración en España es
principalmente motivada por razones económicas y por tanto se trata de una población
compuesta por gente joven, cualificada y sana. Por otro lado, hay cada vez más
evidencia sobre la relevancia del capital social sobre la salud. Nuestro trabajo pretende
crear un puente entre la literatura sobre la inmigración y la que relaciona el capital
social y la salud. El presente trabajo tiene un doble objetivo. Por un lado, queremos
dilucidar la verdadera relación entre el capital social y la salud utilizando por primera
vez datos de Cataluña. Por otro lado, pretendemos determinar un posible efecto
diferencial del capital social sobre la salud en tres grupos de población, más
concretamente, los nacidos en Cataluña, los españoles nacidos fuera de Cataluña y los
inmigrantes extranjeros. Utilizamos datos de la Encuesta de Salud de Cataluña 2006,
que contiene una muestra representativa del colectivo inmigrante. Los indicadores
contextuales provienen de fuentes alternativas. Para determinar la relación entre el
capital social y la salud (salud auto-percibida y salud mental, GHQ-12), controlando por
otros factores determinantes, estimados modelos multinivel separadamente para las tres
muestras poblacionales. Distinguimos entre capital social individual y capital social
comunitario. Nuestros resultados revelan que el capital social individual tiene mayor
impacto sobre la salud que el capital social comunitario. Sin embargo,
independientemente de los indicadores de capital social empleados en el análisis,
observamos que el capital social ejerce un efecto beneficioso tanto para la salud física
como la salud mental en Cataluña. Además, encontramos que las redes sociales son más
importantes para la salud de la población autóctona, que para la salud de los inmigrantes.
Creemos que potenciar la acumulación de capital social puede ser un instrumento
potencialmente eficaz (y que requiere, en comparación con otras medidas políticas,
menos recursos económicos) para la consecución de los objetivos relacionados con la
mejora de la salud y la reducción de las desigualdades en salud entre los colectivos de
nativos e inmigrantes.
Palabras clave: estado de salud, capital social, inmigración
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Documents de treball del Departament d'Economia;2009-17
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Salut
Immigració
Capital social
Població autòctona
Catalunya
El impacto diferencial del capital social sobre la salud de la población autóctona y los inmigrantes residentes en Cataluña
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438602012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorPié Dols, Laia
authorSáez, Marc
2010-02-23T15:57:43Z
2010-02-23T15:57:43Z
2009
2009
1988 - 0812
T - 2117 - 2009
http://hdl.handle.net/2072/43860
As is known, the Kyoto Protocol proposes to reinforce national policies for emission
reduction and, furthermore, to cooperate with other contracting parties. In this
context, it would be necessary to assess these emissions, both in general and
specifically, by pollutants and/or among productive sectors. The object of this
paper is precisely to estimate the polluting emissions of industrial origin in
Catalonia in the year 2001, in a multivariate context which explicitly allows a
distinction to be made between the polluter and/or the productive sector causing
this emission.
Six pollutants considered, four directly related to greenhouse effect. A multi-level
model, with two levels, pollutants and productive sectors, was specified. Both
technological progress and elasticity of capital were introduced as random effects.
Hence, it has been permitted that these coefficients vary according to one or other
level. The most important finding in this paper is that elasticity of capital has been
estimated as very non-elastic, with a range which varies between 0.162 (the paper
industry) and 0.556 (commerce). In fact, and generally speaking, the greater
capital the sector has, the less elasticity of capital has been estimated.
Key words: Kyoto protocol, multilevel model, technological progress
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Documents de treball del Departament d'Economia;2009-18
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Kyoto Protocol, 1997
Progrès tecnològic
Contaminació
Emissions atmosfèriques
Catalunya
Relationship between technological progress, capital elasticity and emissions of industrial pollutants for the production sectors in Catalonia
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438612012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
authorPié Dols, Laia
2010-02-23T16:06:13Z
2010-02-23T16:06:13Z
2009
2009
1988 - 0812
T - 2118 - 2009
http://hdl.handle.net/2072/43861
The aim of this paper is the analysis of the Catalan economy (2001) with the use of a National Accounting Matrix with environmental accounts (NAMEA) for the Catalan economy with 2001 data. We will focus on the analysis of the emission multipliers and we will also analyse the impact of a 10% reduction in greenhouse emissions on emission multipliers. This emission-reduction percentage would bring the Catalan economy into compliance with the maximum emissions level allowed by the Kyoto Protocol. We consider three possible scenarios that would allow this goal to be met. First, we will simulate a 10% reduction in regional emissions and a 5% drop in the endogenous income of the multipliers' model (production, factorial and private income). Second, we will simulate a 10% reduction in emissions and a 10% increase in endogenous income. Finally, we will simulate a 10% reduction in emissions and a 5% increase in endogenous income. Additionally, we will analyse the decomposition of the emission multipliers into own effects, open effects and circular effects to capture the different channels of the emission generation process. Keywords: NAMEA, emission multipliers, Kyoto Protocol.
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Documents de treball del Departament d'Economia;2009-19
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Economia -- Aspectes ambientals
Catalunya
Medi ambient -- Despesa
The Analysis of Accounting Multipliers: The NAMEA Approach in the Case of Catalonia
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438622012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorManzano, Carolina
authorVives, Xavier
2010-02-23T16:17:01Z
2010-02-23T16:17:01Z
2009
2009
1988 - 0812
T - 2119 - 2009
http://hdl.handle.net/2072/43862
This paper studies the implications of correlation of private signals
about the liquidation value of a risky asset in a variation of a standard
noisy rational expectations model in which traders receive endowment
shocks which are private information and have a common component.
We
nd that a necessary condition to generate multiple linear partially
revealing rational expectations equilibria is the existence of several sources
of information dispersion. In this context equilibrium multiplicity tends
to occur when information is more dispersed. A necessary condition to
have strategic complementarity in information acquisition is to have mul-
tiple equilibria. When the equilibrium is unique there is strategic substi-
tutability in information acquisition, corroborating the result obtained in
Grossman and Stiglitz (1980).
JEL Classi
cation: D82, D83, G14
Keywords: Multiplicity of equilibria, strategic complementarity, asym-
metric information.
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Documents de treball del Departament d'Economia;2009-20
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Informació -- Aspectes econòmics
Incertesa (Teoria de la informació)
Eficiència (Estadística)
Mercat de capitals
Information Dispersion and Equilibrium Multiplicity
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438632012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorMartín Bofarull, Mònica
authorGarcía Alonso, Lorena
2010-02-23T16:31:02Z
2010-02-23T16:31:02Z
2009
2009
1988 - 0812
T - 2120 - 2009
http://hdl.handle.net/2072/43863
The aim of this paper is to discuss the circumstances in which the process of competition
between ports takes place in Spain − circumstances arising from the way the port system
is currently set up and from the regulations governing it. The importance of this matter lies
both in the fact that intensified competition between ports is the way to set about boosting
the efficiency of the Spanish port sector and in the relevance of this business to the
economies of the regions in which the ports are located. It is precisely for this reason that
the reform instituted in 1992 aimed to combine balanced development of the national port
system with the defence of the interests of autonomous regions. To this end the current
regulatory framework provides for the possibility of port authorities drawing up their own
competitive strategies, but makes their implementation conditional upon approval of their
business plan by the Spanish state port authority. The latter body coordinates the national
port system to ensure the guidelines set by the central government authorities are followed
in the field of transport. However, the scale of the differences which exist among both the
size of facilities and their relevant markets on the one hand, and the financial and economic
circumstances of each of them on the other, suggest that each port authority's needs must
be very different. Consequently, their competitive strategies must also be very different. It is
therefore valid to ask whether coping with this diversity calls for different guidelines to
regulate their freedom of action.
Key words: Competition, regulation, port sector
JEL classification numbers: L1, L5, L9
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Documents de treball del Departament d'Economia;2009-21
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Ports
Espanya
Regulació del mercat
Competència econòmica
Some Considerations Concerning Regulation and Competition in the Port Sector
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/438692012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDahm, Matthias
authorDur, Robert
authorGlazerz, Amihai
2010-02-23T18:33:06Z
2010-02-23T18:33:06Z
2009
2009
1988 - 0812
T - 2121 - 2009
http://hdl.handle.net/2072/43869
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority of districts suffer from adoption of the program. When votes reveal information about the district, the firm's implicit promise or threat can be credible.
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Documents de treball del Departament d'Economia;2009-22
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Vot -- Investigació
Política pública
Grups de pressió
Política -- Aspectes socials
Empreses -- Aspectes polítics
Lobbying of Firms by Voters
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484752012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAslanidis, Nektarios
authorSavva, Christos S.
2011-05-09T15:23:29Z
2011-05-09T15:23:29Z
2010
2010
1988 - 0812
T - 1458 - 2010
http://hdl.handle.net/2072/148475
This paper examines the effects of the current financial crisis on the correlations of four
international banking stocks. We find that in the beginning of the crisis banks generally
show a transition to a higher correlation followed by a dramatic decline towards the end
of 2008. These findings are consistent with both traditional contagion theory and the
more recent network theory of contagion.
JEL classifications: C51; G15
Keywords: Financial Crises; Contagion; Interbank Markets.
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Documents de treball del Departament d'Economia;2010-01
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercats financers
Models economètrics
Crisis financeres
Bancs
Institucions financeres
Modelling Interbank Relations during the International Financial Crisis
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484762012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDíaz Serrano, Lluís
2011-05-09T15:31:23Z
2011-05-09T15:31:23Z
2010
2010
1988 - 0812
T - 1459 - 2010
http://hdl.handle.net/2072/148476
The precondition for labour-market competition between immigrants and natives is that both are willing to accept jobs that do not differ in quality. To test this hypothesis, in this paper we compare the working conditions between immigrants and natives in Catalonia. Comparing immigrants’ working conditions in relation to their native counterparts is not only a useful analysis for studying the extent to which immigrants and low-skilled native workers are direct competitors in the labour market, but also allows us to contribute to the literature on this issue by moving away from the conventional approach used in previous studies. Our results indicate that: i) natives and immigrants display a different taste for job (dis)amenities; ii) Catalan-born workers might be in direct competition with EU15 immigrants, while non-Catalan Spanish workers might be competing with Latin American immigrants, and; iii) African-born immigrants are the group in the Catalan workforce that by far face the worst working conditions.
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Documents de treball del Departament d'Economia;2010-02
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Mercat de treball
Catalunya
Treballadors estrangers
Immigrants
Condicions de treball
Qualitat de vida en el treball
Satisfacció en el treball
Do Legal Immigrants and Natives Compete in the Labour Market? Evidence from Catalonia
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484782012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorCorbella i Domenech, Teresa
authorDomingo Vernis, Misericòrdia
2011-05-09T15:43:33Z
2011-05-09T15:43:33Z
2010
2010
ISSN 1988 - 0812
T - 1460 - 2010
http://hdl.handle.net/2072/148478
Every year, the World Economic Forum publishes the World Gender Gap Report mainly based
on the results of the Global Gender Gap Index (GGGI) computed by country. This index is
made out of four subindexes to capture the magnitude of the gender gap in 4 areas: educational
attainment, economic participation and opportunity, political empowerment, and health and
survival; its methodology was reformed in 2006.
In this paper we adapt the GGGI to construct a Regional Gender Gap Index (RGGI) and we
compute it by regions (Comunidades Autónomas) in Spain with 2006 data. The RGGI could be
applied to other regions. Results of the RGGI show that not only are there gender gap
differences between Spanish regions in Spain, but that there are at the political empowerment
and economic participation and opportunity categories that those differences are strongest.
Geographic distribution of the gender gap shows that the deepest gaps are, in general, located
in the northern regions (Euskadi, with a high score, and Murcia and Extremadura, with low
scores, being exceptions); this is mainly due to the poor participation in politics of women in
those regions.
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Documents de treball del Departament d'Economia;2010-03
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Discriminació sexual
Espanya
Comunitats autònomes
Gender gap index in Spain by regions
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484792012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorPickhardt, Michael
authorSardà Pons, Jordi
2011-05-09T15:50:28Z
2011-05-09T15:50:28Z
2010
2010
1988 - 0812
T - 1461 - 2010
http://hdl.handle.net/2072/148479
Based on the Ahumada et al. (2007, Review of Income and Wealth) critique we
revise existing estimates of the size of the German underground economy. Among other
things, it turns out that most of these estimates are untenable and that the tax pressure induced
size of the German underground economy may be much lower than previously thought. To
this extent, German policy and law makers have been misguided during the last three decades.
Therefore, we introduce the Modified-Cash-Deposit-Ratio (MCDR) approach, which is not
subject to the recent critique and apply it to Germany for the period 1960 to 2008.
JEL: O17, Q41, C22, Keywords: underground economy, shadow economy, cash-depositratio,
currency demand approach, MIMIC approach
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Documents de treball del Departament d'Economia;2010-04
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Economia submergida
Alemanya
Flux de caixa
Desenvolupament econòmic
Oferta i demanda
Variables (Matemàtica)
The size of the underground economy in Germany: A correction of the record and new evidence from the Modified-Cash-deposit-Ratio approach
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484812012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorCorchón, Luis C.
authorDahm, Matthias
2011-05-09T16:02:15Z
2011-05-09T16:02:15Z
2010
2010
1988 - 0812
T - 1462 - 2010
http://hdl.handle.net/2072/148481
We analyze how a contest organizer chooses optimally the winner when the contestants'
efforts are already exerted and commitment to the use of a given contest success function
is not possible. We de…ne the notion of rationalizability in mixed-strategies to capture such
a situation. Our approach allows to derive different contest success functions depending
on the aims and attitudes of the decider. We derive contest success functions which are
closely related to commonly used functions providing new support for them. By taking into
account social welfare considerations our approach bridges the contest literature and the
recent literature on political economy.
Keywords: Endogenous Contests, Contest Success Function, Mixed-Strategies.
JEL Classi…cation: C72 (Noncooperative Games), D72 (Economic Models of Political
Processes: Rent-Seeking, Elections), D74 (Conflict; Conflict Resolution; Alliances)
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Documents de treball del Departament d'Economia;2010-05
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Teoria de jocs
Ciències polítiques -- Models matemàtics
Presa de decisions
Welfare Maximizing Contest Success Functions when the Planner Cannot Commit
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1484822012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorPablo Martí, Federico
authorArauzo Carod, Josep Maria
2011-05-09T18:49:22Z
2011-05-09T18:49:22Z
2010
2010
1988 - 0812
T - 1835 - 2010
http://hdl.handle.net/2072/148482
The aim of this paper is to analyse the colocation patterns of industries and
firms. We study the spatial distribution of firms from different industries at a
microgeographic level and from this identify the main reasons for this locational
behaviour. The empirical application uses data from Mercantile Registers of
Spanish firms (manufacturers and services). Inter-sectorial linkages are shown
using self-organizing maps.
Key words: clusters, microgeographic data, self-organizing maps, firm location
JEL classification: R10, R12, R34
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Documents de treball del Departament d'Economia;2010-06
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Desigualtats econòmiques regionals
Economia regional
Entrada/Sortida
Sistemes productius locals
Spatial distribution of economic activities: an empirical approach usingself-organizing maps
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515422012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAlañón Pardo, Ángel
authorArauzo Carod, Josep Maria
2011-05-10T12:37:27Z
2011-05-10T12:37:27Z
2010
2010
1988 - 0812
T - 1836 - 2010
http://hdl.handle.net/2072/151542
This article analyses how agglomeration economies shaped the location decisions of
new manufacturing start-ups in Catalan municipalities in 2001-2005. We estimate
whether the locations of new firms are spatially autocorrelated and whether this
phenomenon is industry-specific. Our aim is to estimate the geographical scope of
agglomeration economies on firm entries. The data set comes from a compulsory
register of manufacturing establishments (REIC: Catalan Manufacturing Establishments
Register).
JEL classification: R1, R3
Keywords: firm location; spatial autocorrelation
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Documents de treball del Departament d'Economia;2010-07
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Economia regional
Catalunya
On the effect of the geographical scope of agglomeration economies on firm location
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515432012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorCarreras Roig, Lluís
2011-05-10T12:48:49Z
2011-05-10T12:48:49Z
2010
2010
1988 - 0812
T - 1837 - 2010
http://hdl.handle.net/2072/151543
En este trabajo se hace referencia a la posible consideración de las sociedades
cooperativas como sociedades mercantiles, cumpliéndose determinadas
circunstancias, y ello sin pérdida de sus características específicas en cuanto a la
toma de decisiones, el reparto de beneficios y la búsqueda de la satisfacción de fines
de interés general.
Asimismo, se analizan las consecuencias de aumentar el porcentaje de operaciones
realizadas con terceros no socios, respecto del total de operaciones realizadas por la
sociedad cooperativa, y su incidencia en la cuantía de los fondos de la cooperativa y
en la retribución del socio cooperativista. Se realiza en este punto una comparación
con las sociedades capitalistas convencionales (S.A., S.L.).
Finalmente, se propone una reforma legislativa al objeto de permitir aumentar el
porcentaje de realización de operaciones cooperativizadas con terceros no socios, y
ello sin pérdida de su tratamiento fiscal favorable.
PALABRAS CLAVE: Cooperativas, mercantilidad, mutualismo, operaciones con
terceros, régimen fiscal, reformas legislativas.
CLAVES ECONLIT: P130, Q130, L310
Cooperatives: le comerce et les transactions avec les tiers. Un commentaire
RÉSUMÉ: Le présent document se réfère à la prise en considération éventuelle des
sociétés coopératives comme sociétés commerciales, répondant à certaines
conditions et sans perte de ses caractéristiques spédifiques en termes de prise de
decisión, le partage des avantages et la recherche de la satisfaction d´intéret général.
Nous analysons également l´effet d’ augmentar le pourcentage de transactions avec
des tiers à l’égard de toutes les transactions effectuées par la coopérative, et son
impact sur le montant des fonds de la coopérative et la rémunération des membres de
la coopérative. Se fait à ce point la comparaison avec les sociétés capitalistes
classiques (S.A., S.L.).
Enfin, nous proposons une réforme législative afin de permettre une augmentation du
pourcentage de réalisation des transactions avec des tiers dans les coopératives, et
sans perte de leur traitement fiscal favorable.
Cooperatives: Commercial and transactions with third parties. A commentary
ABSTRACT: This paper refers to the possible consideration of cooperative societies as
a commercial companies, fulfilling certain circumstances and without loss of its specific
characteristics in terms of decision-making, benefit sharing and the search for
satisfaction general interest.
We also analyze the effect of increasing the percentage of transactions with third
parties in respect of all transactions undertaken by the cooperative, and its impact on
the amount of the funds of the cooperative and the pay of a collaborator. Is done at this
point a comparison with conventional capitalist societies (S.A, S.L.).
Finally, we propose a legislative reform in order to allow and increase in the percentage
of completion of transactions with third parties in cooperatives, and without loss of
favorable tax treatment.
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Documents de treball del Departament d'Economia;2010-08
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Cooperatives
Indústria agrícola
Organitzacions no governamentals
Mutualisme
Fiscalitat
Reforma legal
Sociedades cooperativas: mercantilidad y operaciones con terceros. Un comentario
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515442012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorManzano, Carolina
authorVives, Xavier
2011-05-10T13:05:58Z
2011-05-10T13:05:58Z
2010
2010
1988 - 0812
T - 1838 - 2010
http://hdl.handle.net/2072/151544
We study a general static noisy rational expectations model where investors
have private information about asset payoffs, with common and
private components, and about their own exposure to an aggregate risk
factor, and derive conditions for existence and uniqueness (or multiplicity)
of equilibria. We find that a main driver of the characterization of
equilibria is whether the actions of investors are strategic substitutes or
complements. This latter property in turn is driven by the strength of
a private learning channel from prices, arising from the multidimensional
sources of asymmetric information, in relation to the usual public learning
channel. When the private learning channel is strong (weak) in relation
to the public we have strong (weak) strategic complementarity in actions
and potentially multiple (unique) equilibria. The results enable a precise
characterization of whether information acquisition decisions are strategic
substitutes or complements. We find that the strategic substitutability in
information acquisition result obtained in Grossman and Stiglitz (1980)
is robust.
JEL Classification: D82, D83, G14
Keywords: Rational expectations equilibrium, asymmetric information,
risk exposure, hedging, supply information, information acquisition.
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Documents de treball del Departament d'Economia;2010-09
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Expectatives racionals (Teoria econòmica)
Equilibri (Economia)
Cobertura del risc
Mercat eficient
Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515452012-07-10T07:43:44Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorZudenkova, Galina
2011-05-10T13:16:09Z
2011-05-10T13:16:09Z
2010
2010
1988 - 0812
T - 1839 - 2010
http://hdl.handle.net/2072/151545
This paper analyzes endogenous lobbying over a unidimensional policy issue. Individuals differ in policy preferences and decide either to join one of two opposite interest
lobbies or not to take part in lobbying activities. Once formed, lobbies make contributions to the incumbent government in exchange for a policy favor as in a common-agency
model. A "sincere-lobby-formation" condition for equilibrium is introduced: an individual
joins a lobby if their gain from the policy change that this lobby might achieve exceeds a
contribution fee. Thus, an equilibrium occurs only if no lobby member would prefer their
lobby to cease to exist. I show the existence of an equilibrium with two organized lobbies.
Individuals with more extreme preferences are more likely to join lobbying activities. I fi
nd that lobbying somewhat moderates the government's preferences, i.e., it shifts the
final policy in favor of individuals who are initially disadvantaged by the government's
pro- or anti-policy preferred position. Under a utilitarian government, however, lobbying
does not affect the fi
nal policy, and political competition results in a socially optimal
outcome.
JEL classi
cation: D72.
Keywords: Sincere lobby formation; common agency; endogenous lobbying.
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Documents de treball del Departament d'Economia;2010-10
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Grups de pressió
Lobbisme
Sincere Lobby Formation
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515462012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorButnar, Isabela
authorLlop Llop, Maria
2011-05-10T13:27:53Z
2011-05-10T13:27:53Z
2010
2010
1988 - 0812
T - 1840 - 2010
http://hdl.handle.net/2072/151546
Analysis of gas emissions by the input-output subsystem approach provides detailed
insight into pollution generation in an economy. Structural decomposition analysis, on
the other hand, identifies the factors behind the changes in key variables over time.
Extending the input-output subsystem model to account for the changes in these
variables reveals the channels by which environmental burdens are caused and
transmitted throughout the production system. In this paper we propose a decomposition
of the changes in the components of CO2 emissions captured by an input-output
subsystems representation. The empirical application is for the Spanish service sector,
and the economic and environmental data are for years 1990 and 2000. Our results show
that services increased their CO2 emissions mainly because of a rise in emissions
generated by non-services to cover the final demand for services. In all service
activities, the decomposed effects show an increase in CO2 emissions due to a decrease
in emission coefficients (i.e., emissions per unit of output) compensated by an increase
in emissions caused both by the input-output coefficients and the rise in demand for services. Finally, large asymmetries exist not only in the quantitative changes in the
CO2 emissions of the various services but also in the decomposed effects of these
changes.
Keywords: structural decomposition analysis, input-output subsystems, CO2 emissions,
service sector.
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Documents de treball del Departament d'Economia;2010-11
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Entrada/Sortida
Emissions atmosfèriques
Anhídrid carbònic
Sector terciari
Structural decomposition analysis and input-output subsystems: An application to Spanish CO2 emissions
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515472012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorLlop Llop, Maria
authorManresa, Antonio, 1954-
2011-05-10T13:38:37Z
2011-05-10T13:38:37Z
2010
2010
1988 - 0812
T - 1841 - 2010
http://hdl.handle.net/2072/151547
In economic literature, information deficiencies and computational complexities have
traditionally been solved through the aggregation of agents and institutions. In inputoutput
modelling, researchers have been interested in the aggregation problem since the
beginning of 1950s. Extending the conventional input-output aggregation approach to
the social accounting matrix (SAM) models may help to identify the effects caused by
the information problems and data deficiencies that usually appear in the SAM
framework. This paper develops the theory of aggregation and applies it to the social
accounting matrix model of multipliers. First, we define the concept of linear
aggregation in a SAM database context. Second, we define the aggregated partitioned
matrices of multipliers which are characteristic of the SAM approach. Third, we extend
the analysis to other related concepts, such as aggregation bias and consistency in
aggregation. Finally, we provide an illustrative example that shows the effects of
aggregating a social accounting matrix model.
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Documents de treball del Departament d'Economia;2010-12
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Economia de la informació
Entrada/Sortida
Comptabilitat social
Linear Aggregation In The Social Accounting Matrix Framework
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515482012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorSolé, Meritxell
authorDíaz Serrano, Lluís
authorRodríguez, Marisol
2011-05-10T15:08:47Z
2011-05-10T15:08:47Z
2010
2010
1988 - 0812
T – 1921 - 2010
http://hdl.handle.net/2072/151548
We analyze the impact of working and contractual conditions, particularly exposure to job risks, on the probability of acquiring a disability. We postulate a model in which this impact is mediated by the choice of occupation, with a level of risk associated to it. We assume this choice is endogenous, and that it depends on preferences and opportunities in the labour market, both of which may differ between immigrants and natives. To test this hypothesis we use data from the Continuous Sample of Working Lives of the Spanish SS system. It contains individual, job and firm information of over a million workers, including a representative sample of immigrants. We find that risk exposure increases the probability of permanent disability by 5.3%; temporary employment also influences health. Migrant status -with differences among regions of origin- significantly affects both disability and the probability of being employed in a risky occupation. Most groups of immigrants work in riskier jobs, but have lower probability of becoming disabled. Nevertheless, our theoretical hypothesis that disability and risk are jointly determined is not valid for immigrants: i.e. for them working conditions is not a matter of choice in terms of health.
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Documents de treball del Departament d'Economia;2010-13
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Treballadors estrangers
Immigrants
Espanya
Discapacitats
Seguretat social
Condicions de treball
Mercat de treball
Work, risk and health: differences between immigrants and natives in Spain
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515492012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDahm, Matthias
authorGlazer, Amihai
2011-05-10T15:21:36Z
2011-05-10T15:21:36Z
2010
2010
1988 - 0812
T - 1922 - 2010
http://hdl.handle.net/2072/151549
This paper addresses the puzzle of why legislation, even highly inefficient legislation, may pass with overwhelming majorities. We model a
egislature in which the same agenda setter serves for two periods, showing how he can exploit a legislature (completely) in the first period by
romising future benefits to legislators who support him. In equilibrium,
large majority of legislators vote for the first-period proposal because a
ote in favor maintains the chance for membership in the minimum winning coalition in the future. The model thus generates situations in which
egislators approve policies by large majorities, or even unanimously, that
enefit few, or even none, of them. The results are robust: some institutional arrangements, such as super-majority rules or sequential voting,
imit but do not eliminate the agenda setter's power to exploit the legislature, and other institutions such as secret voting do not limit his power.
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Documents de treball del Departament d'Economia;2010-14
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Política i govern
Legislació
Administració pública -- Planificació
Repeated Agenda Setting and the Unanimous Approval of Bad Policies
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515502012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorTheilen, Bernd, 1965-
2011-05-10T15:43:36Z
2011-05-10T15:43:36Z
2010
2010
ISSN 1988 - 0812
T – 1923 - 2010
http://hdl.handle.net/2072/151550
In a recent paper Tishler and Milstein (2009) fi…nd that increased competition
may increase aggregate R&D spending while market output decreases. Therefore,
they obtain the surprising result that R&D spending is excessive when competition
becomes intense. Their result is based on the standard linear demand function for
differentiated products introduced by Bowley (1924) where decreased product differentiation is interpreted as more competitive pressure. In this paper I show that
at an aggregate level this interpretation is problematic because equilibrium effects
are dominated by a demand reduction effect. A slight modifi…cation of the standard
demand function eliminates this effect. For the Tishler and Milstein (2009) setting
it is shown that then increased competition increases both R&D spending and aggregate market output. Therefore, at least for consumers, more intense competition
increases welfare.
Journal of Economic Literature Classi…fication Numbers: D43, L1, O3.
Keywords: Oligopoly markets, Product differentiation, Competitive pressure.
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Documents de treball del Departament d'Economia;2010-15
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Oligopolis
Diferenciació de productes
Competència econòmica
Tecnologia -- Innovacions
Rendiment
Product differentiation, competitive pressure and the effects of innovation on the success and survivability of firms in oligopoly markets
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515512012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFlores-Fillol, Ricardo
authorMoner Colonques, Rafael
2011-05-10T15:53:13Z
2011-05-10T15:53:13Z
2010
2010
1988 - 0812
T – 1999 - 2010
http://hdl.handle.net/2072/151551
This paper studies endogenous mergers of complements with mixed bundling, by allowing both for joint and separate consumption. After merger, partner fi
rms decrease the
price of the bundled system. Besides, when markets for individual components are suffi
ciently important, partner
firms raise prices of stand-alone products, exploiting their
monopoly power in local markets and making substitute 'mix-and-match' composite
products less attractive to consumers. Even though these effects favor the pro
fitability
of mergers, merging is not always an equilibrium outcome. The reason is that outsiders
respond by cutting their prices to retain their market share, and mergers can be unprofitable when competition is intense. From a welfare analysis, we observe that the number
of mergers observed in equilibrium may be either excessive (when markets for individual
components are important) or suboptimal (when markets for individual components are
less important).
Keywords: complements; merger; mixed bundling; separate consumption
JEL classi
fication: L13; L41; D43
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Documents de treball del Departament d'Economia;2010-16
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Oligopolis
Monopolis
Empreses -- Fusió
Consum (Economia)
Preus
Endogenous Mergers of Complements with Mixed Bundling
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515522012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorFageda, Xavier, 1975-
authorFlores-Fillol, Ricardo
2011-05-10T16:08:27Z
2011-05-10T16:08:27Z
2010
2010
1988 - 0812
T – 2000 - 2010
http://hdl.handle.net/2072/151552
Network airlines have been increasingly focusing their operations on hub airports
through the exploitation of connecting traffic, allowing them to take advantage of economies
of traffic density, which are unequivocal in the airline industry. Less attention has been
devoted to airlines' decisions on point-to-point thin routes, which could be served using
different aircraft technologies and different business models. This paper examines, both
theoretically and empirically, the impact on airlines' networks of the two major innovations in the airline industry in the last two decades: the regional jet technology and the
low-cost business model. We show that, under certain circumstances, direct services on
point-to-point thin routes can be viable and thus airlines may be interested in deviating
passengers out of the hub.
Keywords: regional jet technology; low-cost business model; point-to-point network;
hub-and-spoke network
JEL Classi…fication Numbers: L13; L2; L93
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Documents de treball del Departament d'Economia;2010-17
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Indústria aeronàutica
Transport aeri
Oligopolis
Línies aèries
Technology, business models and network structure in the airline industry
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1515532012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAñón Higón, Dolores
authorManjón Antolín, Miguel C.
authorMáñez, Juan A.
2011-05-10T16:19:23Z
2011-05-10T16:19:23Z
2010
2010
ISSN 1988 - 0812
T – 2001 - 2010
http://hdl.handle.net/2072/151553
En este estudio se analiza en qué medida el carácter multinacional de las empresas
(definido en términos de su participación accionarial) influye en la relación
endógena entre investigación y desarrollo (I+D) y productividad. En particular, la
contribución de la I+D a la productividad es analizada para un panel
representativo de empresas extraídas de la Encuesta sobre Estrategias
Empresariales. Los resultados indican que la “multinacionalidad” no ejerce un
papel diferencial en los rendimientos obtenidos por la I+D. En cambio, factores
como el tamaño de las empresas y la intensidad tecnológica del sector en el que
opera la empresa, sí parecen conllevar diferencias significativas en los
rendimientos.
Palabras Clave: I+D, Productividad, Multinacional
JEL Classification: C14, D24, F23
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Documents de treball del Departament d'Economia;2010-18
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Investigació industrial
Productivitat industrial
Empreses multinacionals
¿Obtienen las multinacionales mayores rendimientos de sus actividades de I+D?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516162012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorAñón Higón, Dolores
authorManjón Antolín, Miguel C.
authorMáñez, Juan A.
2011-05-11T13:42:34Z
2011-05-11T13:42:34Z
2010
2010
1988 - 0812
T – 2002 - 2010
http://hdl.handle.net/2072/151616
In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently ''s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.
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Documents de treball del Departament d'Economia;2010-19
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Empreses multinacionals
Investigació industrial
Productivitat industrial
Multinationals, R&D and productivity: Evidence for UK Manufactoring firms
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516172012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorDuro Moreno, Juan Antonio
2011-05-11T13:53:46Z
2011-05-11T13:53:46Z
2010
2010
1988 - 0812
T – 2016 - 2010
http://hdl.handle.net/2072/151617
In recent years traditional inequality measures have been used to quite a considerable
extent to examine the international distribution of environmental indicators. One of its
main characteristics is that each one assigns different weights to the changes that occur
in the different sections of the variable distribution and, consequently, the results they
yield can potentially be very different. Hence, we suggest the appropriateness of using a
range of well-recommended measures to achieve more robust results. We also provide
an empirical test for the comparative behaviour of several suitable inequality measures
and environmental indicators. Our findings support the hypothesis that in some cases
there are differences among measures in both the sign of the evolution and its size.
JEL codes: D39; Q43; Q56.
Keywords: international environment factor distribution; Kaya factors; Inequality
measurement
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Documents de treball del Departament d'Economia;2010-20
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Medi ambient -- Indicadors
Medi ambient -- Desenvolupament
On the automatic application of inequality indexes in the analysis of the international distribution of environmental indicators
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516182012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorZudenkova, Galina
2011-05-11T14:01:56Z
2011-05-11T14:01:56Z
2010
2010
ISSN 1988 - 0812
T – 2017 - 2010
http://hdl.handle.net/2072/151618
In this paper, I provide a formal justi
cation for a well-established coattail effect,
when a popular candidate at one branch of government attracts votes to candidates from
the same political party for other branches of government. A political agency frame-
work with moral hazard is applied to analyze coattails in simultaneous presidential and
congressional elections. I show that coattail voting is a natural outcome of the optimal
reelection scheme adopted by a representative voter to motivate politicians' efforts in a
retrospective voting environment. I assume that an office-motivated politician (executive
or congressman) prefers her counterpart to be affiliated with the same political party.
This correlation of incentives leads the voter to adopt a joint performance evaluation
rule, which is conditioned on the politicians belonging to the same party or different
parties. The two-sided coattail effects then arise. On the one hand, the executive's suc-
cess/failure props up/drags down her partisan ally in congressional election, which implies
presidential coattails. On the other hand, the executive's reelection itself is affected by
the congressman's performance, which results in reverse coattails.
JEL classi
fication: D72, D86.
Keywords: Coattail voting; Presidential coattails; Reverse coattails; Simultaneous
elections; Political Agency; Retrospective voting.
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Documents de treball del Departament d'Economia;2010-21
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Eleccions
A Political Agency Model of Coattail Voting
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516192012-11-06T18:30:38Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorOsório Costa, Antonio Miguel
2011-05-11T14:17:00Z
2011-05-11T14:17:00Z
2010
2010
1988 - 0812
T – 2018 - 2010
http://hdl.handle.net/2072/151619
This paper studies a dynamic principal-monitor-agent relation where a strategic principal delegates the task of monitoring the effort of a strategic agent to a third party. The latter we call the monitor, whose type is initially unknown. Through repeated interaction the agent might learn his type. We show that this process damages the principal's payoffs. Compensation is assumed exogenous, limiting to a great extent the provision of incentives. We go around this difficulty by introducing costly replacement strategies, i.e. the principal replaces the monitor, thus disrupting the agent's learning. We found that even when replacement costs are null, if the revealed monitor is strictly preferred by both parties, there is a loss in efficiency due to the impossibility of bene…tting from it. Nonetheless, these strategies can partially recover the principal's losses. Additionally, we establish upper and lower bounds on the payoffs that the principal and the agent can achieve. Finally we characterize the equilibrium strategies under public and private monitoring (with communication) for different cost and impatience levels.
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Documents de treball del Departament d'Economia;2010-22
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Repeated Interaction and the Revelation of the Monitor's Type: A Principal-Monitor-Agent Problem
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516212012-11-06T18:30:58Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorOsório Costa, Antonio Miguel
2011-05-11T14:31:40Z
2011-05-11T14:31:40Z
2010
2010
1988 - 0812
T – 2019 - 2010
http://hdl.handle.net/2072/151621
General signaling results in dynamic Tullock contests have been missing for long. The reason is the tractability of the problems. In this paper,
an uninformed contestant with valuation vx competes against an informed
opponent with valuation, either high vh or low vl. We show that; (i) When
the hierarchy of valuations is vh ≥ vx ≥ vl, there is no pooling. Sandbagging is too costly for the high type. (ii) When the order of valuations is
vx ≥ vh ≥ vl, there is no separation if vh and vl are close. Sandbagging
is cheap due to the proximity of valuations. However, if vh and vx are
close, there is no pooling. First period cost of pooling is high. (iii) For
valuations satisfying vh ≥ vl ≥ vx, there is no separation if vh and vl
are close. Bluffing in the first period is cheap for the low valuation type.
Conversely, if vx and vl are close there is no pooling. Bluffing in the first
stage is too costly.
JEL: C72, C73, D44, D82.
KEYWORDS: Signaling, Dynamic Contests, Non-existence, Sandbag
Pooling, Bluff Pooling, Separating
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Documents de treball del Departament d'Economia;2010-23
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Signaling in Dynamic Contests: Some Impossibility Results
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1516232012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
authorSegarra Blasco, Agustí, 1958-
authorTeruel, Mercedes
2011-05-11T14:42:48Z
2011-05-11T14:42:48Z
2010
2010
1988 - 0812
T – 2020 - 2010
http://hdl.handle.net/2072/151623
This paper analyses the impact of different sources of finance on the growth of firms.
sing panel data from Spanish manufacturing firms for the period 2000-2006, we investigate the effects of internal and external finances on firm growth. In particular, we examine
wo dimensions of these financial sources: a) the performance of the firms' capital structure
n accordance with firm size; b) the combined effect of equity, external debt and cash
low
n firm growth. We find that low-growth firms are sensitive to cash
low and short-term
ank debt, while high-growth firms are more sensitive to long-term debt. Furthermore,
ur results show that low-growth firms are more sensitive to short-term financial variables,
hile fast growth firms are more sensitive to long-term financial variables.
EL codes: L25, R12.
eywords: Finance, Firm growth, Quantile regressions, Small firms
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Documents de treball del Departament d'Economia;2010-24
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Empreses petites i mitjanes
Empreses -- Creixement
Empreses -- Finances
Are small firms more sensitive to financial variables?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518092012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorAslanidis, Nektarios
authorChristiansen, Charlotte
2011-05-16T13:37:03Z
2011-05-16T13:37:03Z
2011
2011
1988 - 0812
T - 772 - 2011
http://hdl.handle.net/2072/151809
Abstract: We scrutinize the realized stock-bond correlation based upon high
frequency returns. We use quantile regressions to pin down the systematic
variation of the extreme tails over their economic determinants. The correlation
dependence behaves differently when the correlation is large negative and large
positive. The important explanatory variables at the extreme low quantile are
the short rate, the yield spread, and the volatility index. At the extreme high
quantile the bond market liquidity is also important. The empirical fi
ndings are
only partially robust to using less precise measures of the stock-bond correlation.
The results are not caused by the recent
financial crisis.
Keywords: Extreme returns; Financial crisis; Realized stock-bond correlation; Quantile regressions; VIX.
JEL Classifi
cations: C22; G01; G11; G12
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Documents de treball del Departament d'Economia;2011-01
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Cartera de valors -- Gestió
Actius financers
Quantiles of the Realized Stock-Bond Correlation
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518102012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorBové Sans, Miquel Àngel
authorLaguado Ramírez, Raquel Irene
2011-05-16T13:44:29Z
2011-05-16T13:44:29Z
2011
2011
1988 - 0812
T - 773 - 2011
http://hdl.handle.net/2072/151810
ABSTRACT:
El proceso de decisión de compra del consumidor turístico viene condicionado en gran medida
por la imagen que éste tiene de los diferentes destinos que configuran su campo de elección. En
un mercado turístico internacional altamente competitivo, los responsables de las políticas de
desarrollo y promoción de los destinos buscan estrategias de diferenciación que les permitan
posicionarse en los segmentos de mercado más adecuados para su producto, con el fin de
conseguir mejorar su poder de atracción de visitantes e incrementar o consolidar los beneficios
económicos que la actividad turística genera en su territorio. En este sentido, el objetivo
principal que nos planteamos en este trabajo es el análisis empírico de los factores que
determinan la formación de la imagen de la ciudad de Tarragona como destino turístico de
patrimonio cultural. Sin duda, la declaración como Patrimonio Mundial por parte de la
UNESCO, en el año 2000, del conjunto artístico y monumental con el que cuenta la ciudad de
Tarragona, supuso un importante reconocimiento internacional de la calidad de los elementos
culturales y patrimoniales que ofrece la Ciudad a todos los visitantes que la escogen como
destino turístico. También representa una oportunidad estratégica para impulsar la promoción
turística de la Ciudad y su consolidación como destino singularizado por sus características
culturales y patrimoniales.
Nuestro trabajo se basa en la utilización de técnicas estructuradas para identificar los factores
que determinan los componentes de la imagen turística de Tarragona y que influyen de manera
decisiva en el proceso de elección del destino por parte de sus visitantes. Además de poder
conocer la imagen turística global de Tarragona, consideramos que la heterogeneidad de sus
visitantes requiere un estudio más detallado que nos permita segmentar la tipología de los
visitantes. La información que nos aportan estos resultados nos han de permitir comparar la
imagen percibida por los turistas que visitan Tarragona, con los objetivos de diseño de producto
y promoción del destino que tienen los responsables de la política turística local.
Key words:
Imagen de destino turístico; análisis factorial; análisis cluster; política turística local.
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Documents de treball del Departament d'Economia;2011-02
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Imatge turística
Anàlisi de Cluster
Política turística
Tarragona
Imagen y segmentación en un destino turístico de Patrimonio de la Humanidad: el caso de la ciudad de Tarragona
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518112012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorDíaz Serrano, Lluís
authorRaya, Josep Maria
2011-05-16T13:56:04Z
2011-05-16T13:56:04Z
2011
2011
1988 - 0812
T - 774 - 2011
http://hdl.handle.net/2072/151811
In this paper, we investigate whether evidence of discriminatory treatment against immigrants in
the Spanish mortgage market exists. More specifically, we test whether, ceteris paribus,
immigrant borrowers tend to be charged with higher interest rates on their mortgages than their
Spanish born counterparts. To do so, we use a unique dataset on granted mortgages that contains
information not only regarding the conditions of the loan but also the socio-economic
characteristics of the mortgagors. We observe that immigrants are systematically charged with
higher interest rates. We apply the well known Oaxaca-Blinder decomposition to measure the
extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due
to discrimination. Our results indicate that approximately two thirds of the gap in the interest
rate between Spanish born and immigrant borrowers can be attributed to discriminatory
treatment.
Key words: Immigration, discrimination, mortgage pricing, housing market.
JEL codes: R21, G21, J14
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Documents de treball del Departament d'Economia;2011-03
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Emigració i immigració
Discriminació
Préstecs hipotecaris
Oferta i demanda
Habitatge
Is there Descriminatory Mortgage Pricing against Immigrants in the Spanish Lending Market?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518122012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorDíaz Serrano, Lluís
authorRodríguez Pose, Andrés
2011-05-16T14:06:48Z
2011-05-16T14:06:48Z
2011
2011
1988 - 0812
T - 775 - 2011
http://hdl.handle.net/2072/151812
This paper analyses whether the different powers and resources at the
disposal of local and regional governments across Europe deliver greater
satisfaction with political institutions and lead to greater personal happiness.
The analysis uses microdata from the four available waves of the European
social survey (2002, 2004, 2006 and 2008), including more than 160,000
observations of individuals living in 29 European countries. Our results
reveal that political and fiscal decentralization have a positive and
significant effect on individuals’ overall happiness. Fiscal decentralization
also exerts a significant effect on the level of satisfaction with political and
economic institutions and with the education and health systems, whereas
the effect of political decentralization on these variables is more limited.
The results show that citizens seem to be happier with the actual capacity of
their local governments to deliver than with the general principle that they
can have a say on their daily politics and policies.
Keywords: Happiness, well-being, satisfaction, fiscal and political
decentralization, Europe.
JEL codes: H11, H77
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Documents de treball del Departament d'Economia;2011-04
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Felicitat
Benestar
Satisfacció
Descentralització administrativa
Decentralization, happiness and the perception of institutions
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518132012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorZudenkova, Galina
2011-05-16T14:20:15Z
2011-05-16T14:20:15Z
2011
2011
1988 - 0812
T - 776 - 2011
http://hdl.handle.net/2072/151813
This paper studies party discipline in a congress within a political agency framework
with retrospective voting. Party discipline serves as an incentive device to induce office-
motivated congress members to perform in line with the party leadership's objective of
controlling both the executive and the legislative branches of government. I show fi
rst
that the same party is more likely to control both branches of government (i.e., uni
ed
government) the stronger the party discipline in the congress is. Second, the leader of
the governing party imposes more party discipline under uni
ed government than does
the opposition leader under divided government. Moreover, the incumbents' aggregate
performance increases with party discipline, so a representative voter becomes better off.
JEL classi
cation: D72.
Keywords: Party discipline; Political agency; Retrospective voting; Office-motivated
politicians.
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Documents de treball del Departament d'Economia;2011-05
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Disciplina de partit
A Model of Party Discipline in a Congress
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518142012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorZudenkova, Galina
2011-05-16T14:32:51Z
2011-05-16T14:32:51Z
2011
2011
1988 - 0812
T - 777 - 2011
http://hdl.handle.net/2072/151814
This paper contrasts the incentives for cronyism in business, the public sector and
politics within an agency problem model with moral hazard. The analysis is focused on the
institutional differences between private, public and political organizations. In business,
when facing a residual claimant contract, a chief manager ends up with a relatively
moderate
rst-best level of cronyism within a
firm. The institutional framework of the
public sector does not allow explicit contracting, which leads to a more severe cronyism
problem within public organizations. Finally, it is shown that the nature of political
appointments (such that the subordinate's reappointment is conditioned on the chief's
re-election) together with implicit contracting makes political cronyism the most extreme
case.
JEL classifi
cation: D72, D73, D86.
Keywords: Cronyism; Meritocracy; Manager; Bureaucrat; Politician.
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Documents de treball del Departament d'Economia;2011-06
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Clientelisme
Burocràcia
Polítics
Cronyism in Business, Public Sector and Politics
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1518152012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorLlop Llop, Maria
2011-05-16T14:44:47Z
2011-05-16T14:44:47Z
2011
2011
1988 - 0812
T - 778 - 2011
http://hdl.handle.net/2072/151815
Water reallocation between economic agents has been –and continues to be- the subject
of a considerable amount of research. This paper proposes a method for evaluating how
water is reallocated within the economy in response to changes in final demand and
changes in the technical water needs of activities and consumers. The empirical
application, which is for the Catalan economy, shows important asymmetries in the
effects that exogenous inflows and changes in water technical requirements cause on
water reallocation. In the process of water distribution, exogenous inflows mostly
benefit agriculture and damage private consumers. On the other hand, increases in
technical water requirements have negative effects on agriculture and positive effects on
the other production activities. The results of the study suggest that agriculture is an
important activity not only in terms of water distribution but also in terms of water
reallocation due to changes in final demand and technical water needs.
Keywords: Water reallocation, water distribution, exogenous shock, technical water
needs.
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Documents de treball del Departament d'Economia;2011-07
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Aigua -- Distribució
Water Reallocation in the Input-Output Model
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1521362012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorArauzo Carod, Josep Maria
2011-07-07T16:39:11Z
2011-07-07T16:39:11Z
2011
2011
1988 - 0812
T - 1092 - 2011
http://hdl.handle.net/2072/152136
This paper is about the role played by stock of human capital on location decisions of new manufacturing plants. We analyse the effect of several skill levels (from basic school to PhD) on decisions about the location of plants in various industries and, therefore, of different technological levels. We also test whether spatial aggregation level biases the results and determine the most appropriate areas to be considered in analyses of these phenomena. Our main statistical source is the Register of Manufacturing Establishments of Catalonia (REIC), which has plant-level microdata on the locations of new manufacturing plants.
Keywords: agglomeration economies, industrial location, human capital, count-data models, spatial econometrics.
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Documents de treball del Departament d'Economia;2011-08
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Recursos humans
Anàlisi espacial (Estadística)
Location Determinants of New Firms: Does Skill Level of Human Capital Really Matter?
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1521372012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorLiviano Solís, Daniel
authorArauzo Carod, Josep Maria
2011-07-07T16:45:00Z
2011-07-07T16:45:00Z
2011
2011
1988 - 0812
T - 1093 - 2011
http://hdl.handle.net/2072/152137
This paper tries to resolve some of the main shortcomings in the empirical literature of location decisions
for new plants, i.e. spatial effects and overdispersion. Spatial effects are omnipresent, being
a source of overdispersion in the data as well as a factor shaping the functional relationship between
the variables that explain a firm’s location decisions. Using Count Data models, empirical
researchers have dealt with overdispersion and excess zeros by developments of the Poisson regression
model. This study aims to take this a step further, by adopting Bayesian methods and models
in order to tackle the excess of zeros, spatial and non-spatial overdispersion and spatial dependence
simultaneously. Data for Catalonia is used and location determinants are analysed to that end. The
results show that spatial effects are determinant. Additionally, overdispersion is descomposed into
an unstructured iid effect and a spatially structured effect.
Keywords: Bayesian Analysis, Spatial Models, Firm Location.
JEL Classification: C11, C21, R30.
38
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Documents de treball del Departament d'Economia;2011-09
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Localització industrial
Anàlisi espacial (Estadística)
Estadística bayesiana
Industrial Location and Space: New Insights
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1521382012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorAslanidis, Nektarios
authorChristiansen, Charlotte
2011-07-07T16:51:52Z
2011-07-07T16:51:52Z
2011
2011
1988 - 0812
T - 1094 - 2011
http://hdl.handle.net/2072/152138
Abstract: We analyze the realized stock-bond correlation. Gradual transitions
between negative and positive stock-bond correlation is accommodated by the
smooth transition regression (STR) model. The changes in regime are de
ned
by economic and
financial transition variables. Both in sample and out-of-
sample results document that STR models with multiple transition variables
outperform STR models with a single transition variable. The most important
transition variables are the short rate, the yield spread, and the VIX volatility
index.
Keywords: realized correlation; smooth transition regressions; stock-bond
correlation; VIX index
JEL Classifi
cations: C22; G11; G12; G17
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Documents de treball del Departament d'Economia;2011-10
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Correlació (Estadística)
Actius financers -- Preus
Cartera de valors -- Gestió
Smooth Transition Patterns in the Realized Stock- Bond Correlation
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1521392012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorLlop Llop, Maria
authorPonce Alifonso, Xavier
2011-07-07T16:58:14Z
2011-07-07T16:58:14Z
2011
2011
1988 - 0812
T - 1096 - 2011
http://hdl.handle.net/2072/152139
Water scarcity is a long-standing problem in Catalonia, as there are significant differences in the spatial and temporal distribution of water through the territory. There has consequently been a debate for many years about whether the solution to water scarcity must be considered in terms of efficiency or equity, the role that the public sector must play and the role that market-based instruments should play in water management.
The aim of this paper is to use a Computable General Equilibrium (CGE) model to analyze the advantages and disadvantages associated with different policy instruments, from both a supply and a demand viewpoint, which can be applied to water management in Catalonia. We also introduce an ecological sector in our CGE model, allowing us to analyze the environmental impact of the alternative policies simulated. The calibration of the exogenous variables of the CGE model is performed by using a Social Accounting Matrix (SAM) for the Catalan economy with 2001 data. The results suggest that taking into account the principle of sustainability of the resource, the policy debate between supply and demand in water policies is obsolete, and a new combination of policies is required to respect the different values associated with water.
Keywords: Water Policies; Computable General Equilibrium Model; Economic Effects; Environmental Effects.
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Documents de treball del Departament d'Economia;2011-11
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Aigua -- Polítiques de gestió
A never-ending debate: Demand versus supply water policies. A CGE analysis for Catalonia
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1696812012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorMiguel, Francisco Javier de
authorLlop Llop, Maria
authorManresa, Antonio, 1954-
2011-09-19T14:36:26Z
2011-09-19T14:36:26Z
2011
2011
1988 - 0812
T - 1210 - 2011
http://hdl.handle.net/2072/169681
In this paper we simulate and analyse the economic impact that sectorial productivity gains have
on two regional Spanish economies (Catalonia and Extremadura). In particular we study the
quantitative effect that each sector’s productivity gain has on household welfare (real disposable
income and equivalent variation), on the consumption price indices and factor relative prices, on
real production (GDP) and on the government’s net income (net taxation revenues of social
transfers to households). The analytical approach consists of a computable general equilibrium
model, in which we assume perfect competition and cleared markets, including factor markets.
All the parameters and exogenous variables of the model are calibrated by means of two social
accounting matrices, one for each region under study. The results allow us to identify those
sectors with the greatest impact on consumer welfare as the key sectors in the regional
economies.
Keywords: Productivity gains, key sectors, computable general equilibrium
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Documents de treball del Departament d'Economia;2011-12
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Productivitat (Economia)
Catalunya -- Condicions econòmiques
Extremadura -- Condicions econòmiques
Sectors econòmics
Simulating the Impact of Sectorial Productivity Gains on Two Regional Economies: Key Sectors from a Supply Side Perspective
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1696822012-07-10T07:43:45Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorAlcalde, José
authorDahm, Matthias
2011-09-19T14:44:19Z
2011-09-19T14:44:19Z
2011
2011
1988 - 0812
T - 1211 - 2011
http://hdl.handle.net/2072/169682
We propose a new procurement procedure which allocates shares of the
total amount to be procured depending on the bids of suppliers. Among
the properties of the mechanism are: (i) Bidders have an incentive to par-
ticipate in the procurement procedure, as equilibrium payoffs are strictly
positive. (ii) The mechanism allows to vary the extent to which affirma-
tive action objectives, like promoting local industries, are pursued. (iii)
Surprisingly, even accomplishing affirmative action goals, procurement ex-
penditures might be lower than under a classical auction format.
Keywords: Procurement Auction, Affirmative Action.
JEL: C72, D44, H57
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Documents de treball del Departament d'Economia;2011-13
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Jocs no-cooperatius (Matemàtica)
Competition for Procurement Shares
info:eu-repo/semantics/workingPaper
oai:recercat.cat:2072/1696832012-07-10T07:43:43Zhdl_2072_1745
RECERCAT (Diposit de la Recerca de Catalunya)
Universitat Rovira i Virgili. Departament d'Economia
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
authorVarela-Irimia, Xosé-Luís
2011-09-19T15:04:21Z
2011-09-19T15:04:21Z
2011
2011
1988 - 0812
T - 1322 - 2011
http://hdl.handle.net/2072/169683
This paper computes and compares alternative quality-adjusted price indexes for new
cars in Spain in the period 1990-2000. The proposed hedonic approach simultaneously
controls for time-invariant unobserved product effects and time-variant unobserved quality
changes, that are assumed to be captured by model age effects. The results show that the
non-adjusted price index largely overstates the increase in the cost of living induced by
changes in car prices and that previous evidence for this market have not measured the
real extent of that bias, probably due to the omission of controls for unobservables. It is
also shown that omitting age effects can also lead to misleading conclusions. The estimated
price indexes give also some insights on what could have been the determinants of price
evolution in the Spanish car market.
JEL classi…fication numbers: C43, E31, L11, L13,
Keywords: Hedonic price indexes, Spanish car market, car prices, CPI, Cost of living
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Documents de treball del Departament d'Economia;2011-14
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Automòbils -- Indústria i comerç -- Espanya
Índex de preus al consum
Cost de la vida
Preus -- Política governamental
Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990's
info:eu-repo/semantics/workingPaper
0001-01-01T00:00:00Z/9999-12-31T23:59:59Z/hdl_2072_1744/mets/100