AQR (Grup d’Anàlisi Quantitativa Regional): Recent submissions
Now showing items 1-20 of 141
Emissions and Allowances in the EU Emissions Trading System after the Paris Agreement
In this paper, I examine how allowances allocation affected emissions of power sector installations in the EU ETS following the Paris Agreements. The dataset I use covers the 2010-2022 period, includes the emissions and ...
On the impact of European Union Cohesion Policy on regional support for the European project
Cohesion Policy is the main policy tool of the European Union and the backbone of its regional policy. Given its characteristics, it is the EU policy with the greatest impact on the daily life of European citizens and can ...
What drives migration moves across urban areas in Spain? Evidence from the Great Recession [WP]
In Spain, economic disparities between regions have traditionally played a relevant role in migration. Nevertheless, during the previous high-instability period, analyses provided conflicting results about the effect of ...
Factor Accumulation, Externalities and Absorptive Capacity in Regional Growth : Evidence from Europe [WP]
This paper proposes a model which incorporates capital accumulation and spatial spillovers across economies, while allowing for regional differences in absorptive abilities. This model is estimated using a sample of 215 ...
Economic impact of cruise activity: The Port of Barcelona [WP]
Tourism is a highly dynamic sector. An example of this is the boom that cruise tourism has seen in recent years, leading many countries to consider cruises a key product in their development of tourism. The Port of Barcelona ...
Density forecasts of inflation using Gaussian process regression models
The present study uses Gaussian Process regression models for generating density forecasts of inflation within the New Keynesian Phillips curve (NKPC) framework. The NKPC is a structural model of inflation dynamics in which ...
The Impact of Robot Adoption on Global Sourcing
This paper studies the impact of robot adoption on firms’ global sourcing activities. Using a rich panel dataset of Spanish manufacturing firms, we show that robot adopting firms increased their intermediate input purchases ...
Captive or non-captive: Knowledge sourcing strategies and innovation performance
Prior literature has argued that, although both captive knowledge sourcing (CKS) and non-captive knowledge sourcing (NCKS) are effective strategies for enhancing firm innovativeness, the former plays a more defined role ...
Computing functional urban areas using a hierarchical travel time approach: An applied case in Ecuador
Identifying integrated urban areas is an important issue for urban analysis and policy evaluation. In this paper, we extend the OECD’s methodology to identify Functional Urban Areas to countries where there is not commuting ...
A new measure of consensus for Likert scales [WP]
In this study we present a metric of consensus for Likert-type scales. The measure gives the level of agreement as the percentage of consensus among respondents. The proposed framework allows to design a positional indicator ...
How systemic is Spain for Europe?
We use the forecast-error variance decompositions from a VAR with daily sovereign bonds spreads since 2000 to detail the linkages between EU sovereign bond markets and banks over time. Using new summary statistics on the ...
Interrelation among Economic Growth, Income Inequality, and Fiscal Performance: Evidence from Anglo-Saxon Countries
The interrelation among economic growth, income inequality, and fiscal performance is very complex. The paper provides the analysis of the interrelations among these variables jointly by the structural VAR methodology, ...
Economic determinants of employment sentiment: A socio-demographic analysis for the euro area
In this study we construct quarterly consumer confidence indicators of unemployment for the euro area using as input the consumer expectations for sixteen socio-demographic groups elicited from the Joint Harmonised EU ...
Measuring and assessing economic uncertainty
This paper evaluates the dynamic response of economic activity to shocks in agents’ perception of uncertainty. The study focuses on the comparison between manufacturers 'and consumers' perception of economic uncertainty. ...
Economic uncertainty and redistribution
This study examines the relationship between economic uncertainty and the redistributive effect of taxes and government transfers in the UK and the US over the period 1980-2021. We find that the sign of the relationship ...
Do intra and inter industry spillovers matter? CDM model estimates for Spain
This paper uses a structural model to analyse the impact of innovation activities, including intra and inter industry externalities, on the productivity of Spanish firms. To the best of our knowledge, no previous paper has ...
Income Inequality and Monetary Policy: An analysis on the Long Run Relation
The distributional effect of monetary policy is estimated in the case of the USA. In order to identify a monetary policy shock, the paper employs contemporaneous restrictions with ex-ante identified monetary policy shocks ...
In knowledge we trust: learning-by-interacting and the productivity of inventors [WP]
Innovation rarely happens through the actions of a single person. Innovators source their ideas while interacting with their peers, at different levels and with different intensities. In this paper, we exploit a dataset ...
What drives the spatial wage premium for formal and informal workers? The case of Ecuador [WP]
This article investigates the incidence of agglomeration externalities in a typical developing country, Ecuador. In particular, we analyze the role of the informal sector within these relations, since informal employment ...
Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters
In this paper, I develop a method to estimate the effect of firm behavior on labor market monopsony power. Using China’s accession to WTO for the identification, I employ the proposed empirical framework to analyse the ...
