Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Recent submissions
Now showing items 161-180 of 450
Nonfinancial debt and economic growth in euro-area countries [WP]
In this paper we analyse the effects of all sources of the accumulation of nonfinancial debt (household, corporate as well as government) on economic growth in ten euro-area countries during the 1980-2015 period. To this ...
Rethinking Asset Pricing with Quantile Factor Models
Traditional empirical asset pricing focuses on the average cases. We propose a new approach to analyze the cross-section of the returns. We test the predictive power of market-beta, size, book-to-market ratio, profitability, ...
Does inter-municipal cooperation really reduce delivery costs? An empirical evaluation of the role of scale economies, transaction costs, and governance arragements [WP]
Inter-municipal cooperation in public service delivery has attracted the interest of local authorities seeking to reform public service provision in recent years. Cost saving has been among the most important drivers of ...
Strong versus Weak Vertical Integration: Contractual Choice and PPPs in the United States
Public-Private-Partnerships are long-term, relational contracts between a public-sector sponsor and a private partner to deliver infrastructure projects across a range of economic sectors. Efficiency gains may derive from ...
Modelling the disability severity score in motor insurance claims: an application to the Spanish case
Bodily injury claims have the greatest impact on the claim costs of motor insurance companies. The disability severity of motor claims is assessed in numerous European countries by means of score systems. In this paper a ...
Public debt and economic growth: Further evidence for the euro area [WP]
This paper empirically investigates the short and long run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate ...
Risk reference charts for speeding based on telematics information
Reference charts are widely used as a graphical tool for assessing and monitoring children’s growth given gender and age. Here, we propose a similar approach to the assessment of driving risk. Based on telematics data, and ...
Entry Regulation Asymmetries and Gasoline Competition in a Mixed Motorway Network
Regulatory and funding asymmetries in the Spanish motorway network produce huge differences in the structure of gasoline markets by motorway type: free or toll. While competition is encouraged among gas stations on free ...
Beyond pure public and pure private management models: Mixed firms in the European Airport Industry
The use of private funding and management enjoys an increasing trend in airports. The literature has not paid enough attention to the mixed management models in this industry, although many European airports take the form ...
Flexible maximum conditional likelihood estimation for single-index models to predict accident severity with telematics data
Estimation in single-index models for risk assessment is developed. Statistical properties are given and an application to estimate the cost of traffic accidents in an innovative insurance data set that has information on ...
Volatility spillovers in EMU sovereign bond markets [WP]
We analyse volatility spillovers in EMU sovereign bond markets. First, we examine the unconditional patterns during the full sample (April 1999-January 2014) using a measure recently proposed by Diebold and Yılmaz (2012). ...
Risk of admission to intensive care units due to Covid-19: comparative analysis between European countries
The Covid-19 epidemic has posed an unprecedented challenge to the European healthcare system, which has had to cope with a much higher than usual demand for hospitalization. This work is devoted to the construction and ...
The influence of independent local parties on spending: Evidence from Dutch municipalities
Do independent local parties make different decisions on municipal finances compared to their national counterparts? In this paper, we empirically analyze whether independent local parties affect public finances in Dutch ...
Financial stress transmission in EMU sovereign bond market volatility: a connectedness analysis
This paper measures the connectedness in EMU sovereign market volatility between April 1999 and January 2014, in order to monitor stress transmission and to identify episodes of intensive spillovers from one country to the ...
The diabolic loop between sovereign and banking risk in the euro area
Multiple interconnected channels link banks and governments: the sovereign-exposure channel (banks hold significant amounts of sovereign debt), the safety net channel (government guarantees protect banks), and the macroeconomic ...
Price differences between domestic and international air markets : an empirical application to routes from Gran Canaria
In this paper we examine whether airline prices on national routes are higher than those charged on international routes. Drawing on a database prepared specifically for this study, we estimate a pricing equation for all ...
Bilingual Education and Identity
We present new evidence on the impact of a reform that introduced Catalan-Spanish bilingual education in Catalonia on identity formation. Specifically, we revisit the findings of Clots-Figueras and Masella (2013, The ...
Taking the Pulse of Fiscal Distress: Inflation, Depreciation, and Crises
This study offers novel monthly estimates of the latent probability of fiscal crises for 163 countries, from January 1970 to December 2023. These indicators are constructed with minimal data requirements on prices and ...
Income inequality and economic growth in Asian countries
This study examines income inequality across 53 Asian countries from 1990 to 2021, focusing on the application of the Kuznets’ curve theory. This hypothesis states an inverted U-shaped relationship exists between economic ...
Does privatization spur regulation? Evidence from the regulatory reform of European airports
This paper conducts an empirical analysis of the relationship between privatization and regulation drawing on data from a wide sample of European airports. We find that privatization promotes a shift from basic regulation ...
