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<title>RECERCAT - Departament d'Economia Aplicada</title>
<link>http://www.recercat.cat:80/handle/2072/2063</link>
<description>www.uab.cat/departament/economia-aplicada/</description>
<pubDate>Sat, 11 Feb 2012 22:01:05 GMT</pubDate>
<dc:date>2012-02-11T22:01:05Z</dc:date>
<image>
<title>The Channel Image</title>
<url xmlns="http://apache.org/cocoon/i18n/2.1">http://www.recercat.cat:80/bitstream/id/34070/</url>
<link>http://www.recercat.cat:80/handle/2072/2063</link>
</image>
<item>
<title>Explanatory factors of CO2 per capita emission inequality in the European Union</title>
<link>http://www.recercat.cat:80/handle/2072/152017</link>
<description>Explanatory factors of CO2 per capita emission inequality in the European Union
Padilla, Emilio; Duro Moreno, Juan Antonio
The design of European mitigation policies requires a detailed examination of the factors explaining the unequal emissions in the different countries. This research analyzes the evolution of inequality in CO2 per capita emissions in the European Union (EU-27) in the 1990-2006 period and its explanatory factors. For this purpose, we decompose the Theil index of inequality into the contributions of the different Kaya factors. The decomposition is also applied to the inequality between and within groups of countries (North Europe, South Europe, and East Europe). The analysis shows an important reduction in inequality, to a large extent due to the smaller differences between groups and because of the lower contribution of the energy intensity factor. The importance of the GDP per capita factor increases and becomes the main explanatory factor. However, within the different groups of countries the carbonization index appears to be the most relevant factor in explaining inequalities.
</description>
<pubDate>Sun, 01 May 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152017</guid>
<dc:date>2011-05-01T00:00:00Z</dc:date>
</item>
<item>
<title>Cross-country polarisation in CO2 emissions per capita in the European Union: changes and explanatory factors</title>
<link>http://www.recercat.cat:80/handle/2072/152016</link>
<description>Cross-country polarisation in CO2 emissions per capita in the European Union: changes and explanatory factors
Duro Moreno, Juan Antonio; Padilla, Emilio
In this study, we analyse the degree of polarisation-a concept fundamentally different from that of inequality-in the international distribution of CO2 emissions per capita in the European Union. It is analytically relevant to examine the degree of instability inherent to a distribution and, in the analysed case, the likelihood that the distribution and its evolution will increase or decrease the chances of reaching an agreement. Two approaches were used to measure polarisation: the endogenous approach, in which countries are grouped according to their similarity in terms of emissions, and the exogenous approach, in which countries are grouped geographically. Our findings indicate a clear decrease in polarisation since the mid-1990s, which can essentially be explained by the fact that the different groups of countries have converged (i.e. antagonism among the CO2 emitters has decreased) as the contribution of energy intensity to between-group differences has decreased. This lower degree of polarisation in CO2 distribution suggests a situation more conducive to the possibility of reaching EU-wide agreements on the mitigation of CO2 emissions.
</description>
<pubDate>Sun, 01 May 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152016</guid>
<dc:date>2011-05-01T00:00:00Z</dc:date>
</item>
<item>
<title>Economic growth and inequality: the role of fiscal policies</title>
<link>http://www.recercat.cat:80/handle/2072/152015</link>
<description>Economic growth and inequality: the role of fiscal policies
Muinelo Gallo, Walter Leonel; Roca Sagalés, Oriol
This paper analyses the impact of different instruments of fiscal policy on economic growth as well as on income inequality, using an unbalanced panel of 43 upper-middle and high income countries for the period 1972-2006. We consider and estimate two individual equations explaining growth and inequality in order to assess the incidence of different fiscal policies. Firstly, our approach considers imposing orthogonal assumptions between growth and inequality in both equations, and secondly, it allows growth to be included in the inequality equation, and inequality to be included in the growth equation. The empirical results suggest that an increase in the size of government measured through current expenditures and direct taxes diminishes economic growth while reducing inequality, being public investment the only fiscal policy that may break this trade-off between efficiency and equity, since increases in this item reduces inequality without harming output. Therefore, the results reflect that the trade-off between efficiency and equity that governments often confront when designing their fiscal policies may be avoided.
</description>
<pubDate>Tue, 01 Feb 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152015</guid>
<dc:date>2011-02-01T00:00:00Z</dc:date>
</item>
<item>
<title>Homogeneización en un sistema de tipo Leontief (o Leontief-Sraffa)</title>
<link>http://www.recercat.cat:80/handle/2072/152014</link>
<description>Homogeneización en un sistema de tipo Leontief (o Leontief-Sraffa)
Quiñoa López, Xose Luis; Pié Dols, Laia
Dado un sistema tipo Leontief (o Leontief - Sraffa), se demuestra que puede ser transformado en uno estructuralmente equivalente que denominaremos sistema homogeneizado en el que la matriz tecnológica A así como la inversa de Leontief poseen propiedades matemáticas relevantes relacionadas con el autovalor máximo a de A. Para un sistema homogeneizado es condición necesaria y suficiente para que los precios relativos en el sentido Sraffa permanezcan invariantes al modificar el tipo de beneficio, que los coeficientes de trabajo directo sean iguales. Asimismo para este tipo de sistemas, la razón entre la suma de las mercancías que componen el excedente y la suma de las mercancías utilizadas como medios de producción coincide con el tipo máximo de beneficio. Es lo que Sraffa denomino "razón patrón" (global) en su Sistema Patrón.
</description>
<pubDate>Tue, 01 Feb 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152014</guid>
<dc:date>2011-02-01T00:00:00Z</dc:date>
</item>
<item>
<title>Ciudades que contribuyen a la sostenibilidad global</title>
<link>http://www.recercat.cat:80/handle/2072/152013</link>
<description>Ciudades que contribuyen a la sostenibilidad global
Muñiz, Iván; Masjuan, Roser; Morera, Pau; García, Miguel Angel
Trabajos anteriores han demostrado que gran parte de la variabilidad observada en la huella ecológica per cápita de los países puede explicarse a partir de las diferencias en renta per cápita y temperatura. La pregunta que nos planteamos en esta investigación es si el modelo urbano (densidad urbana y tamaño urbano) también puede ayudar a explicar dicha variabilidad. Los resultados obtenidos confirman el significativo impacto de la densidad urbana sobre la huella, por lo que controlar la dispersión urbana parece ser un mecanismo eficiente para reducir la huella ecológica de los países. En lugar de reflexionar sobre si las ciudades son o no son insostenibles por naturaleza, esta investigación se ha orientado de forma más operativa, intentando discernir qué tipo de modelo urbano contribuye en mayor medida a la sostenibilidad del planeta.
</description>
<pubDate>Tue, 01 Feb 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152013</guid>
<dc:date>2011-02-01T00:00:00Z</dc:date>
</item>
<item>
<title>Medición del poder de mercado en la industria del cobre de Estados Unidos: una aproximación desde la perspectiva de la Nueva Organización Industrial Empírica.</title>
<link>http://www.recercat.cat:80/handle/2072/152012</link>
<description>Medición del poder de mercado en la industria del cobre de Estados Unidos: una aproximación desde la perspectiva de la Nueva Organización Industrial Empírica.
Luengo, Andrés E.
El estudio de la relación entre la estructura de la industria y el poder de mercado ha sido uno de los temas más discutidos en la literatura microeconómica. En esta investigación se adopta el enfoque de la "Nueva Organización Industrial Empírica" (NOIE) y se siguen los modelos desarrollados por Bresnahan (1982) y Lau (1982), y Porter (1983) para analizar el efecto de varias fusiones y adquisiciones sobre el poder de mercado de la industria del cobre en Estados Unidos durante el periodo 1994 - 2009. Se destaca que aunque el análisis de la industria muestra una mayor concentración, los resultados sugieren que las fusiones y adquisiciones no tuvieron efecto sobre el poder de mercado y que la industria mantuvo una conducta competitiva durante el periodo analizado.
</description>
<pubDate>Tue, 01 Feb 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152012</guid>
<dc:date>2011-02-01T00:00:00Z</dc:date>
</item>
<item>
<title>Monetary policy rules and financial stress: does financial instability matter for monetary</title>
<link>http://www.recercat.cat:80/handle/2072/152011</link>
<description>Monetary policy rules and financial stress: does financial instability matter for monetary
Baxa, Jaromír; Horvath, Roman; Vasicek, Borek
We examine whether and how main central banks responded to episodes of financial stress over the last three decades. We employ a new methodology for monetary policy rules estimation, which allows for time-varying response coefficients as well as corrects for endogeneity. This flexible framework applied to the U.S., U.K., Australia, Canada and Sweden together with a new financial stress dataset developed by the International Monetary Fund allows not only testing whether the central banks responded to financial stress but also detects the periods and type of stress that were the most worrying for monetary authorities and to quantify the intensity of policy response. Our findings suggest that central banks often change policy
</description>
<pubDate>Sat, 01 Jan 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152011</guid>
<dc:date>2011-01-01T00:00:00Z</dc:date>
</item>
<item>
<title>Topologías en espacios de matrices y sistemas Leontief y Leontief-Sraffa</title>
<link>http://www.recercat.cat:80/handle/2072/152010</link>
<description>Topologías en espacios de matrices y sistemas Leontief y Leontief-Sraffa
Quiñoa Lopez, Xosé Luis
Se demuestra que todo sistema tipo Leontief (o Leontief-Sraffa) puede ser transformado en uno estructuralmente equivalente en el que la matriz tecnológica A tenga la propiedad de que la suma de los elementos de cada columna sea el autovalor máximo a de A; lo que equivale a transformar las unidades físicas originales en unidades que (haciendo abstracción de la componente trabajo) tengan idéntica composición de capital. A un tal sistema transformado lo denominaremos homogeneizado. En este tipo de sistemas aparecen más cómodos los estudios del sistema de precios de Sraffa, la limitación del tipo de beneficio, el reparto del excedente, la interpretación económica de 1/(I - A), la interpretación de los precios utilizando el teorema del punto fijo, la evolución de los precios al variar el tipo de beneficio, etc. Se demuestra que en un sistema homogeneizado "idéntica composición orgánica de capital" (Marx) equivale a idéntica cantidad de trabajo directo.
</description>
<pubDate>Sat, 01 Jan 2011 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152010</guid>
<dc:date>2011-01-01T00:00:00Z</dc:date>
</item>
<item>
<title>Is monetary policy in new members states asymmetric?</title>
<link>http://www.recercat.cat:80/handle/2072/152009</link>
<description>Is monetary policy in new members states asymmetric?
Vasicek, Borek
Estimated Taylor rules became popular as a description of monetary policy conduct. There are numerous reasons why real monetary policy can be asymmetric and estimated Taylor rule nonlinear. This paper tests whether monetary policy can be described as asymmetric in three new European Union (EU) members (the Czech Republic, Hungary and Poland), which apply an inflation targeting regime. Two different empirical frameworks are
</description>
<pubDate>Wed, 01 Dec 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152009</guid>
<dc:date>2010-12-01T00:00:00Z</dc:date>
</item>
<item>
<title>CO2 emissions and economic activity: heterogeneity across countries and non stationary series</title>
<link>http://www.recercat.cat:80/handle/2072/152008</link>
<description>CO2 emissions and economic activity: heterogeneity across countries and non stationary series
Piaggio, Matías; Padilla, Emilio
This paper explores the homogeneity of the functional form, the parameters, and the turning point, when appropriate, of the relationship between CO2 emissions and economic activity for 31 countries (28 OECD, Brazil, China, and India) during the period 1950 to 2006 using cointegration analysis. With a sample highly overlapped over time between countries, the result reveals that the homogeneity across countries is rejected, both in functional form and in the parameters of long term relationship. This confirms the relevance of considering the heterogeneity in exploring the relationship between air pollution and economic activity to avoid spurious parameter estimates and infer a wrong behavior of the functional form, which could lead to induce that the relationship is reversed when in fact it is direct.
</description>
<pubDate>Wed, 01 Dec 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152008</guid>
<dc:date>2010-12-01T00:00:00Z</dc:date>
</item>
<item>
<title>Inequality across countries in energy intensities: an analysis of the role of energy transformation and final energy consumption</title>
<link>http://www.recercat.cat:80/handle/2072/152007</link>
<description>Inequality across countries in energy intensities: an analysis of the role of energy transformation and final energy consumption
Duro Moreno, Juan Antonio; Padilla, Emilio
This paper analyzes the role of the energy transformation index and of final energy consumption per GDP unit in the disparities in energy intensity across countries. In that vein, we use a Theil decomposition approach to analyze global primary energy intensity inequality as well as inequality across different regions of the world and inequality within these regions. The paper first demonstrates the pre-eminence of divergence in final energy consumption per GDP unit in explaining global primary energy intensity inequality and its evolution during the 1971-2006 period. Secondly, it shows the lower (albeit non negligible) impact of the transformation index in global primary energy inequality. Thirdly, the relevance of regions as unit of analysis in studying crosscountry energy intensity inequality and their explanatory factors is highlighted. And finally, how regions around the world differ as to the relevance of the energy transformation index in explaining primary energy intensity inequality.
</description>
<pubDate>Wed, 01 Dec 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152007</guid>
<dc:date>2010-12-01T00:00:00Z</dc:date>
</item>
<item>
<title>How does monetary policy change? evidence on inflation targeting countries</title>
<link>http://www.recercat.cat:80/handle/2072/152006</link>
<description>How does monetary policy change? evidence on inflation targeting countries
Baxa, Jaromír; Horvath, Roman; Vasicek, Borek
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) applying moment- based estimator at time-varying parameter model with endogenous regressors. Using this novel flexible framework, our main findings are threefold. First, monetary policy rules change gradually pointing to the importance of applying time-varying estimation framework. Second, the interest rate smoothing parameter is much lower that what previous time-invariant estimates of policy rules typically report. External factors matter for all countries, albeit the importance of exchange rate diminishes after the adoption of inflation targeting. Third, the response of interest rates on inflation is particularly strong during the periods, when central bankers want to break the record of high inflation such as in the U.K. or in Australia at the beginning of 1980s. Contrary to common wisdom, the response becomes less aggressive after the adoption of inflation targeting suggesting the positive effect of this regime on anchoring inflation expectations. This result is supported by our finding that inflation persistence as well as policy neutral rate typically decreased after the adoption of inflation targeting.
</description>
<pubDate>Wed, 01 Sep 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/152006</guid>
<dc:date>2010-09-01T00:00:00Z</dc:date>
</item>
<item>
<title>The Wage-Productivity gap revisited: is the labour share neutral to employment?</title>
<link>http://www.recercat.cat:80/handle/2072/87973</link>
<description>The Wage-Productivity gap revisited: is the labour share neutral to employment?
Karanassou, Marika; Sala Lorda, Hèctor
This paper challenges the prevailing view of the neutrality of the labour income share to labour demand, and investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a stylised labour demand equation and show that the labour share is a driving force of employment. We substantiate our analytical exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the UK, and the US over the 1960-2008 period. Our findings show that the timevarying labour share of these countries has significantly influenced their employment trajectories across decades. This indicates that the evolution of the labour income share (or, equivalently, the wage-productivity gap) deserves the attention of policy makers.
</description>
<pubDate>Thu, 01 Jul 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/87973</guid>
<dc:date>2010-07-01T00:00:00Z</dc:date>
</item>
<item>
<title>Oil price shocks and labor market fluctuations</title>
<link>http://www.recercat.cat:80/handle/2072/87972</link>
<description>Oil price shocks and labor market fluctuations
Ordóñez, Javier, 1947-; Sala Lorda, Hèctor; Silva, Jose Ignacio
We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of Pissarides' (2000) model with energy costs, which we simulate in response to shocks mimicking the behavior of the actual oil price shocks. We find that (i) these shocks are an important driving force of job market flows; (ii) the job finding probability is the main transmission mechanism of such shocks; and (iii) they bring a new amplification mechanism for the volatility and should thus be seen as complementary of labor productivity shocks. Overall we conclude that shocks in oil prices cannot be neglected in explaining cyclical labor adjustments in the U.S.
</description>
<pubDate>Thu, 01 Jul 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/87972</guid>
<dc:date>2010-07-01T00:00:00Z</dc:date>
</item>
<item>
<title>Vulnerability to poverty: A microeconometric approach and application to the Republic of Haiti</title>
<link>http://www.recercat.cat:80/handle/2072/87971</link>
<description>Vulnerability to poverty: A microeconometric approach and application to the Republic of Haiti
Jadotte, Evans
This paper investigates vulnerability to poverty in Haiti. Research in vulnerability in developing countries has been scarce due to the high data requirements of vulnerability studies (e.g. panel or long series of cross-sections). The methodology adopted here allows the assessment of vulnerability to poverty by exploiting the short panel structure of nested data at different levels. The decomposition method reveals that vulnerability in Haiti is largely a rural phenomenon and that schooling correlates negatively with vulnerability. Most importantly, among the different shocks affecting household's income, it is found that meso-level shocks are in general far more important than covariate shocks. This finding points to some interesting policy implications in decentralizing policies to alleviate vulnerability to poverty.
</description>
<pubDate>Thu, 01 Jul 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/87971</guid>
<dc:date>2010-07-01T00:00:00Z</dc:date>
</item>
<item>
<title>Nuevos y viejos criterios de rentabilidad que concuerdan con el criterio del valor actual neto</title>
<link>http://www.recercat.cat:80/handle/2072/87970</link>
<description>Nuevos y viejos criterios de rentabilidad que concuerdan con el criterio del valor actual neto
Pasqual i Rocabert, Joan; Padilla, Emilio
El análisis de criterios clásicos de rentabilidad, como la Tasa Interna de Rendimiento o el Cociente Beneficio/Coste, revela que, contra lo que se suponía, concuerdan con el criterio Valor Actual Neto si se aplican correctamente. Lo mismo ocurre con los viejos criterios Valor Final Neto y Anualidad Equivalente y los nuevos Demora Máxima de Beneficios y Plazo de Recuperación de Costes. Se demuestra, además, que para elegir entre dos proyectos mutuamente excluyentes, la aplicación de los criterios citados al proyecto diferencia o incremental es una condición suficiente para que exista concordancia con el criterio Valor Actual Neto.
</description>
<pubDate>Sat, 01 May 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/87970</guid>
<dc:date>2010-05-01T00:00:00Z</dc:date>
</item>
<item>
<title>Análisis multi-región input-output (MRIO) de emisiones de gases efecto invernadero (GEI) incorporado en el comercio. Un modelo birregional aplicado a Cataluña y el resto de España</title>
<link>http://www.recercat.cat:80/handle/2072/59045</link>
<description>Análisis multi-región input-output (MRIO) de emisiones de gases efecto invernadero (GEI) incorporado en el comercio. Un modelo birregional aplicado a Cataluña y el resto de España
Navarro Gálvez, Francisco M.
El siguiente trabajo realiza un análisis regional y sectorial para el estudio de la emisiones de gases efecto invernadero (GEI) incorporadas en el comercio entre las regiones de Cataluña y el resto de España para el año 2001, estimando así el Balance Neto en GEI incorporado. El objetivo es el desarrollo de un metodología que nos permita realizar esta estimación de forma rigurosa, con la intención de efectuar un análisis comparativo de ambas estructuras productivas territoriales, en cuanto a la intensidad de emisión y el impacto de la demanda final de las regiones consideradas. Para este propósito se utiliza el marco metodológico del análisis input-output, en particular se aplica dos tipologías de modelos: el modelo básico o single-región y el multi-región, lo que nos permite la comparabilidad entre ambos, demostrando como el modelo MRIO (multi-región input-output) es el método más apropiado para dicho propósito, permitiendo, entre otras ventajas, analizar los vínculos interregionales e intersectoriales de las regiones consideradas. La incorporación de la técnica de la integración vertical o subsistemas, nos permite un enfoque alternativo para el Balance Neto resultante, no tenemos constancia de que este enfoque haya sido utilizado con anterioridad en los análisis MRIO aplicados al estudio de los impactos medioambientales incorporados en el comercio. Tampoco la tenemos sobre la aplicación de los MRIO de forma general para estos impactos a nivel interregional de la economía española. El principal resultado obtenido nos indica que aún teniendo Cataluña un importante superávit comercial con el resto de España, hemos comprobado la existencia de un importante déficit para la primera en cuanto a la polución incorporada en este comercio.
</description>
<pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/59045</guid>
<dc:date>2009-01-01T00:00:00Z</dc:date>
</item>
<item>
<title>La Demanda de gasolinas en México: efectos y alternativas ante el cambio climático</title>
<link>http://www.recercat.cat:80/handle/2072/58963</link>
<description>La Demanda de gasolinas en México: efectos y alternativas ante el cambio climático
Reyes Martínez, Orlando
El autotransporte es de los sectores más contaminantes en México, generando el 17% del&#13;
total de emisiones de CO2. El consumo de gasolina y diesel son la principal fuente de estas emisiones. Este artículo analiza empíricamente la demanda de gasolinas del sector automotor en México durante el período 1960-2007. Las estimaciones de las elasticidades de corto y largo plazos del precio e ingreso fueron: -0.07, -0.17, 0.46 y 1.06. Lo que implica que la demanda de gasolinas es sensible a la trayectoria del ingreso e inelástica a los precios. Por tanto, un crecimiento económico continúo sin una adecuada política de precios generará un aumento en el consumo de gasolinas. Esta situación puede ser más grave al considerar los efectos del cambio climático atendiendo a una demanda relativamente onstante. Bajo estas circunstancias es necesario implementar diversas políticas públicas imultáneamente para frenar las consecuencias del consumo de gasolinas sobre el cambio climático.
</description>
<pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/58963</guid>
<dc:date>2009-01-01T00:00:00Z</dc:date>
</item>
<item>
<title>Eficiència energètica i consum de recursos: una estimació de l'efecte rebot a Catalunya</title>
<link>http://www.recercat.cat:80/handle/2072/58962</link>
<description>Eficiència energètica i consum de recursos: una estimació de l'efecte rebot a Catalunya
Freire González, Jaume
L’efecte rebot és aquell mecanisme a través del qual una millora de l’eficiència energètica no produeix el potencial estalvi d’energia esperat, o inclús pot fer que n’augmenti el&#13;
consum. Això és degut a que una millora de l’eficiència energètica produeix un&#13;
abaratiment del cost de proveir el servei energètic, que n’impulsa la demanda.&#13;
Aquest treball realitza una revisió de la literatura existent sobre efecte rebot directe; analitza els principals aspectes teòrics i metodològics; i finalment estima, a partir de&#13;
tècniques economètriques, la magnitud de l’efecte rebot directe per als serveis energètics que utilitzen energia elèctrica a les llars a Catalunya.
</description>
<pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/58962</guid>
<dc:date>2009-01-01T00:00:00Z</dc:date>
</item>
<item>
<title>Memory in contracts: the experience of the EBRD (1991-2003)</title>
<link>http://www.recercat.cat:80/handle/2072/53308</link>
<description>Memory in contracts: the experience of the EBRD (1991-2003)
Artige, Lionel; Nicolini, Rosella
The objective of this paper is to identify the role of memory as a screening device in repeated contracts with asymmetric information in financial intermediation. We use an original dataset from the European Bank for Reconstruction and Development. We propose a simple empirical method to capture the role of memory using the client's reputation. Our results unambiguously isolate the dominant effect of memory on the bank's lending decisions over market factors in the case of established clients.
</description>
<pubDate>Mon, 01 Mar 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53308</guid>
<dc:date>2010-03-01T00:00:00Z</dc:date>
</item>
<item>
<title>Language knowledge and earnings in Catalonia</title>
<link>http://www.recercat.cat:80/handle/2072/53306</link>
<description>Language knowledge and earnings in Catalonia
Di Paolo, Antonio; Raymond Bara, José Luis
In this paper we are aimed to investigate the relationship between Catalan knowledge and individual earnings in Catalonia. Using data from 2006, we find a positive earning return to Catalan proficiency; however, when accounting for self-selection into Catalan knowledge, we find a higher language return (20% of extra earnings), suggesting that individuals who are more prone to know Catalan are also less remunerated than others (negative selection effect). Moreover, we also find important complementarities between language knowledge and completed education, which means that only more educated individuals benefit from Catalan knowledge.
</description>
<pubDate>Mon, 01 Feb 2010 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53306</guid>
<dc:date>2010-02-01T00:00:00Z</dc:date>
</item>
<item>
<title>Inflation dynamics and the New Keynesian Phillips curve in EU-4</title>
<link>http://www.recercat.cat:80/handle/2072/53304</link>
<description>Inflation dynamics and the New Keynesian Phillips curve in EU-4
Vasicek, Borek
The paper seeks to shed light on inflation dynamics of four new EU member states: the Czech&#13;
Republic, Hungary, Poland and Slovakia. To this end, the New Keynesian Phillips curve augmented&#13;
for open economies is estimated and additional statistical tests applied. We find the following. (1) The&#13;
claim of New Keynesians that the real marginal cost is the main inflation-forcing variable is fragile.&#13;
(2) Inflation seems to be driven by external factors. (3) Although inflation holds a forward-looking&#13;
component, the backward-looking component is substantial. An intuitive explanation for higher&#13;
inflation persistence may be rather adaptive than rational price setting of local firms.
</description>
<pubDate>Tue, 01 Dec 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53304</guid>
<dc:date>2009-12-01T00:00:00Z</dc:date>
</item>
<item>
<title>Venezuelan economic laboratory. The Case of the altruistic economy of Felipe Pérez Martí</title>
<link>http://www.recercat.cat:80/handle/2072/53302</link>
<description>Venezuelan economic laboratory. The Case of the altruistic economy of Felipe Pérez Martí
Agafonow, Alejandro
Felipe Pérez Martí, who was the Venezuelan Minister of Planning and Development in the government of Hugo Chávez, proposes an economic model that he calls the altruistic economy or fourth way, which leads cooperative game theory to its logical extremes postulating a pure communism. Here we sustain that, first, it is impossible in the model of Pérez Martí to marginally allocate non-primary goods to those most in need or who most value them, facing a problem of defective economic calculation, and second, in order to achieve equality, he would have to replace his atomic local planners by a central planner, who would be unable to overcome the problem of imperfect and and incomplete information.
</description>
<pubDate>Sun, 01 Nov 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53302</guid>
<dc:date>2009-11-01T00:00:00Z</dc:date>
</item>
<item>
<title>Determinantes del crecimiento de las emisiones de gases de efecto invernadero en España (1990-2007)</title>
<link>http://www.recercat.cat:80/handle/2072/53300</link>
<description>Determinantes del crecimiento de las emisiones de gases de efecto invernadero en España (1990-2007)
Alcántara, Vicent; Padilla, Emilio
La evolución de los gases de efecto invernadero en España se está distanciando notablemente del objetivo marcado por el Protocolo de Kyoto. En el presente trabajo se analizan los diferentes factores que han contribuido al importante aumento experimentado en las emisiones de gases de efecto invernadero provenientes del consumo de energía en España en el período 1990-2007. La metodología de descomposición factorial utilizada permite hacer una distribución exacta (sin residuos) de la variación de emisiones en diferentes efectos (efecto carbonización, efecto transformación, efecto intensidad y efecto escala). Los resultados muestran claramente que el efecto escala -la variación en el nivel de producción- ha sido determinante en explicar el aumento de emisiones, mientras que la contribución de los otros efectos, que deberían ser los que cambiaran la tendencia de crecimiento de emisiones, no ha permitido moderar su aumento. Una contribución especialmente negativa es la atribuible al efecto intensidad, que refleja la variación en la intensidad energética final del PIB, ya que incluso habría contribuido a aumentar las emisiones. En sentido opuesto, el efecto transformación, el impacto atribuible a la transformación energética, habría contribuido a moderar el aumento de las emisiones totales. El trabajo discute las implicaciones de los resultados obtenidos.
</description>
<pubDate>Sun, 01 Nov 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53300</guid>
<dc:date>2009-11-01T00:00:00Z</dc:date>
</item>
<item>
<title>Heterogeneity across immigrants in the Spanish labour</title>
<link>http://www.recercat.cat:80/handle/2072/53298</link>
<description>Heterogeneity across immigrants in the Spanish labour
Nicodemo, Catia
The purpose of this paper is to analyze the diferences that immigrants have in the Spanish labour market. Immigrants in Spain come from a diversity of continents (Africa, South America, Eastern Europe, Asia, etc.), and there are substantial diferences in characteristics not only among continents but also among countries in each continent. Using a quantile regression method of decomposition we estimate these diferences that are reflected in the labour market and in particular are mirrored in the wage, so some immigrants are more discriminated or segregated that others because they have less advantage. For example Argentineans and Peruvians have the same origin and culture but we can find diferences in the wage that they receive in the Spanish labor market, or for example Moroccans have a advantage with respect to the Rest of Africans, due to the geographical proximity to Spain. So when we study the pay gap and the gender pay gap we need to take into consideration the origin of immigrants. We also want to study how the integration of immigrants evolved across years, whether the wage gap that we find in the first episode of work between immigrants and natives disappears or continues to be present in the Spain labour market.
</description>
<pubDate>Sun, 01 Nov 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53298</guid>
<dc:date>2009-11-01T00:00:00Z</dc:date>
</item>
<item>
<title>A Sensitivity analysis of poverty definitions</title>
<link>http://www.recercat.cat:80/handle/2072/53296</link>
<description>A Sensitivity analysis of poverty definitions
Longford, Nicholas T.; Nicodemo, Catia
We conduct a sensitivity analysis of several estimators related to household income, to explore how some details of the definitions of the variables concerned influence the values of the common estimates, such as the mean, median and (poverty) rates. The purpose of this study is to highlight that some of the operational definitions entail an element of arbitrariness which leaves an undesirable stamp on the inferences made. The analyses use both a cross-sectional and a longitudinal (panel) component of the EU-SILC database.
</description>
<pubDate>Sun, 01 Nov 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/53296</guid>
<dc:date>2009-11-01T00:00:00Z</dc:date>
</item>
<item>
<title>Emissions distribution in post-Kyoto international negotiations: a policy</title>
<link>http://www.recercat.cat:80/handle/2072/41973</link>
<description>Emissions distribution in post-Kyoto international negotiations: a policy
Cantore, Nicola; Padilla, Emilio
An abundant scientific literature about climate change economics points out that the future participation of developing countries in international environmental policies will depend on their amount of pay offs inside and outside specific agreements. These studies are aimed at analyzing coalitions stability typically through a game theoretical approach. Though these contributions represent a corner stone in the research field investigating future plausible international coalitions and the reasons behind the difficulties incurred over time to implement emissions stabilizing actions, they cannot disentangle satisfactorily the role that equality play in inducing poor regions to tackle global warming. If we focus on the Stern Review findings stressing that climate change will generate heavy damages and policy actions will be costly in a finite time horizon, we understand why there is a great incentive to free ride in order to exploit benefits from emissions reduction efforts of others. The reluctance of poor countries in joining international agreements is mainly supported by historical responsibility of rich regions in generating atmospheric carbon concentration, whereas rich countries claim that emissions stabilizing policies will be effective only when developing countries will join them.Scholars recently outline that a perceived fairness in the distribution of emissions would facilitate a wide spread participation in international agreements. In this paper we overview the literature about distributional aspects of emissions by focusing on those contributions investigating past trends of emissions distribution through empirical data and future trajectories through simulations obtained by integrated assessment models. We will explain methodologies used to elaborate data and the link between real data and those coming from simulations. Results from this strand of research will be interpreted in order to discuss future negotiations for post Kyoto agreements that will be the focus of the next. Conference of the Parties in Copenhagen at the end of 2009. A particular attention will be devoted to the role that technological change will play in affecting the distribution of emissions over time and to how spillovers and experience diffusion could influence equality issues and future outcomes of policy negotiations.
</description>
<pubDate>Tue, 01 Sep 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/41973</guid>
<dc:date>2009-09-01T00:00:00Z</dc:date>
</item>
<item>
<title>Selection bias and unobservable heterogeneity applied at the wage equation of European married women</title>
<link>http://www.recercat.cat:80/handle/2072/41972</link>
<description>Selection bias and unobservable heterogeneity applied at the wage equation of European married women
Nicodemo, Catia
This paper utilizes a panel data sample selection model to correct the selection in the analysis of longitudinal labor market data for married women in European countries. We estimate the female wage equation in a framework of unbalanced panel data models with sample selection. The wage equations of females have several potential sources of.
</description>
<pubDate>Wed, 01 Jul 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/41972</guid>
<dc:date>2009-07-01T00:00:00Z</dc:date>
</item>
<item>
<title>La Desigualdad en las intensidades energéticas y la composición de la producción. Un análisis para los países de la OCDE</title>
<link>http://www.recercat.cat:80/handle/2072/20340</link>
<description>La Desigualdad en las intensidades energéticas y la composición de la producción. Un análisis para los países de la OCDE
Duro Moreno, Juan Antonio; Alcántara, Vicent; Padilla, Emilio
Esta investigación analiza las desigualdades de las intensidades energéticas entre países de la OCDE, su evolución y sus causas. Estas intensidades constituyen uno de los principales factores determinantes de las emisiones per cápita y, por tanto, de las diferencias que se dan entre países y grupos de países. Se desarrolla una metodología que permite la descomposición de la desigualdad en los consumos de energía per cápita en factores explicativos, además de analizar la contribución de diferentes grupos de países. Destaca que, si bien las diferencias en afluencia económica son el factor más relevante en la explicación las desigualdades en el consumo energético per cápita, la desigualdad en intensidad energética juega un papel prominente en su reducción en el periodo analizado. A continuación, se desarrolla una metodología que permite determinar la importancia de las diferentes estructuras productivas y de las diferencias en eficiencia energética en el mayor o menor uso de energía por unidad de PIB en los diferentes países y grupos de países. Los resultados muestran que la especialización productiva gana peso en la explicación de las desigualdades en las intensidades energéticas, mientras que se da una importante tendencia a la igualación de la eficiencia energética entre países sector a sector. Esta tendencia explicaría, a su vez, el peso decreciente de la intensidad energética como factor explicativo de las desigualdades en consumos energéticos.
</description>
<pubDate>Fri, 01 May 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/20340</guid>
<dc:date>2009-05-01T00:00:00Z</dc:date>
</item>
<item>
<title>Measuring intergenerational earnings mobility in Spain: a selection-bias-free approach</title>
<link>http://www.recercat.cat:80/handle/2072/20339</link>
<description>Measuring intergenerational earnings mobility in Spain: a selection-bias-free approach
Cervini Pla, María
This paper analyses intergenerational earnings mobility in Spain correcting for different selection biases. We address the co-residence selection problem by combining information from two samples and using the two-sample two-stage least square estimator. We find a small decrease in elasticity when we move to younger cohorts. Furthermore, we find a higher correlation in the case of daughters than in the case of sons; however, when we consider the employment selection in the case of daughters, by adopting a Heckman-type correction method, the diference between sons and daughters disappears. By decomposing the sources of earnings elasticity across generations, we find that the correlation between child's and father's occupation is the most important component. Finally, quantile regressions estimates show that the influence of the father's earnings is greater when we move to the lower tail of the offspring's earnings distribution, especially in the case of daughters' earnings.
</description>
<pubDate>Fri, 01 May 2009 00:00:00 GMT</pubDate>
<guid isPermaLink="false">http://www.recercat.cat:80/handle/2072/20339</guid>
<dc:date>2009-05-01T00:00:00Z</dc:date>
</item>
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