Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Recent submissions
Now showing items 121-140 of 450
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 ...
On the bi-directional causal relationship between public debt and economic growth in EMU countries [WP]
New evidence is presented on the possible existence of bi-directional causal relationships between public debt and economic growth in both central and peripheral countries of the European Economic and Monetary Union. We ...
Is Private Production of Hospital Services Cheaper than Public Production? A Meta-Regression of Public vs Private Costs and Efficiency for Hospitals [WP]
The question of whether private organisations can outperform public ones in public service delivery has been a major topic of interest over the last few decades. However, empirical evidence does not systematically support ...
If you want me to stay, pay
Devolution of political power is constantly on the political agenda in both Italy and Spain. Fiscal policy in these countries has granted specific privileges to some regions. Valle d’Aosta/Vallée d’Aoste,(VdA) and País ...
Expected, unexpected, good and bad aggregate uncertainty
We study aggregate uncertainty and its linear and nonlinear impact on real and financial markets. By distinguishing between four general notions of aggregate uncertainty (good-expected, bad-expected, good-unexpected, ...
Monitoring daily unemployment at risk
Using a high-frequency framework, we show that the Auroba-Diebold-Scotti (ADS) daily business conditions index significantly increases the accuracy of U.S. unemployment nowcasts in real-time. This is of particular relevance ...
Minimum wages, youth employment and spatial spillovers: New evidence for Spain
The effect of minimum wages increases on youth employment level has been extensively analysed, but recent contributions have highlighted the potential bias in these studies due to neglected spatial autocorrelation in the ...
Measuring Uncertainty in the Stock Market [WP]
We propose a daily index of time-varying stock market uncertainty. The index is constructed after first removing the common variations in the series, based on recent advances in the literature that emphasize the difference ...
How Important to a City Are Tourists and Daytrippers? The Economic Impact of Tourism on The City of Barcelona
In this paper, we devise a methodology that is able to objectively quantify the impact of tourism on the urban economy. This methodology takes various dimensions into account. First, to analyse the impact at sectoral level, ...
Do public-private partnership enabling laws increase private investment in infrastructure [WP]
Rising use of public-private partnerships, or PPPs, is an important development in U.S. infrastructure delivery. PPPs are detailed contracts between a public-sector infrastructure project sponsor and a private-sector ...
The many forms of poverty: Analyses of deprivation interlinkages in the developing world
It is widely acknowledged that for efficient progress towards the Sustainable Development Goals (SDGs), their interlinkages have to be taken into account. The global Multidimensional Poverty Index is based on ten deprivations ...
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 ...
Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets
The sovereign debt crisis in the euro area revealed that European Monetary Union (EMU) government bond markets interact in a highly synchronised network and that risk particular to a country or sovereign bond yield component ...
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 ...
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 ...
Another Look at the Null of Stationary Real Exchange Rates: Panel Data with Structural Breaks and Cross-section Dependence
This paper re-examines the null of stationary of real exchange rate for a panel of seventeen OECD developed countries during the post-Bretton Woods era. Our analysis simultaneously considers both the presence of cross-section ...
Paying for Protection: Bilateral Trade with an Alliance Leader and Defense Spending of Minor Partners
Military spending was the main government expenditure until the 20th century, and it still represents a significant fraction of most governments’ budgets. We develop a theoretical model to understand how both military and ...
When politics and lobbyism combine to promote white elephants by using PPPs
Theoretical insights into the cooperation between public and private partners (PPPs) suggest that they can be an effective tool for preventing ‘white elephant’ type projects. However, various case studies have shown that ...
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 ...
Tourims and high speed rail in Spain: Does the AVE increase local visitors [WP]
This paper analyses from an empirical point of view the relationship between the provision of high-speed rail services (HSR) and the evolution of tourism at the local level in Spain. We have built a database of 124 ...
