Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Recent submissions
Now showing items 181-200 of 450
Price rivalry in airline markets: A study of a successful strategy of a network carrier against a low-cost carrier
Competition in airline markets may be tough. In this context, network carriers have two alternative strategies to compete with low-cost carriers. First, they may establish a low-cost subsidiary. Second, they may try to ...
Expected, Unexpected, Good and Bad Uncertainty
By distinguishing between four general notions of uncertainty (good expected, bad-expected, good-unexpected, bad-unexpected) within a common and simple framework, we show that it is bad-unexpected uncertainty shocks that ...
Major Reforms in Electricity Pricing: Evidence from a Quasiexperiment [WP]
The global energy mix is being redefined, and with it the power industry’s cost structure. In many countries, electricity-pricing systems are being revamped so as to guarantee fixed-cost recovery, often by raising the fixed ...
Systemic banks, capital composition and CoCo bonds issuance: The effects on bank risk
This paper shows that systemic banks are prone to increase their regulatory capital ratio through a decline in risk-weighted assets density and an intense use of lower level capital. The market access of systemic banks, ...
Distant or close cousins: Connectedness between cryptocurrencies and traditional currencies volatilities
This paper examines the volatility interconnection between the main cryptocurrencies and traditional currencies during the period of February 2014-September 2018 using both a framework proposed by Diebold and Yilmaz (2014) ...
Trust in times of economic crisis in Spain: Paradoxes for social capital theory
The theory of social capital suggests that trust in other individuals (social trust) and trust in institutions are closely related phenomena. People who trust more in other individuals also trust more in institutions, and ...
Dynamic connectedness between credit and liquidity risks in EMU sovereign debt markets
We examine the dynamic interconnection between sovereign credit and liquidity risks in ten euro area countries at the 5-year maturity with high-frequency data from MTS over the period January 2008-December 2018 using the ...
Bilateral trade between China and the European Union: Emerging challenges and opportunities in a shifting global landscape
This paper examines trade relations between China and the European Union from 2000 to 2022, focusing on the role of trade policy uncertainty alongside key economic and institutional factors. Using an extended gravity model, ...
Climate Change Mitigation and the Role of Technologic Change: Impact on selected headline targets of Europe’s 2020 climate and energy package
The European Union launched a set of policies as part of its 2020 climate and energy package aimed at meeting its 20/20/20 headline targets for smart, sustainable and inclusive growth. This paper evaluates how successful ...
Privatization and Regulation of Toll Motorways in Europe
The private sector plays an increasing and relevant role in highway funding and management. For that reason, the regulation designed and enforced by public authorities becomes even more important for the social welfare ...
When the Time is Right: Testing for Dynamic Effects in Collaborative Performance [WP]
Organizations develop collaborative relationships in order to manage external interdependencies that are consequential for performance. Econometric research has tested whether such collaboration brings improved performance ...
Together forever? Good and bad market volatility shocks and international consumption risk sharing: A tale of a sign
Recent literature has shown that international financial integration facilitates cross-country consumption risk sharing. We extend this line of research and demonstrate that the decomposition of financial integration into ...
Social Preferences and Transport Policy: The case of US speed limits
This article, in reviewing the longrunning US debate on speed limits, illustrates how a different valuation of the trade-off between private mobility needs and safety concerns can shape transport policies. It is argued ...
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 ...
Joining Forces or Going Solo? The Political and Economic Dynamics of Intermunicipal Cooperation
The emergence and dynamics of inter-municipal cooperation (IMC) remain complex despite extensive research. This study examines why and when municipalities engage in IMC across multiple services. Using data from Catalonia ...
Multicointegration, polynomial cointegration and I(2) cointegration with structural breaks. An application to the sustainability of the US external deficit
In this paper we model the multicointegration relation, allowing for one structural break. Since multicointegration is a particular case of polynomial or I(2) cointegration, our proposal can also be applied in these cases. ...
Redistribution and development in Latin America: A quantile regression approach
This study examines the relationship between redistributive efforts and human development in 12 Latin American countries over the period 2000–2021. With the aim of evaluating the link between both variables throughout the ...
Energy Firms in Emerging Markets: Systemic Risk and Diversification Opportunities
Previous studies in energy stock markets have analyzed market connectedness using aggregate indexes and focusing on developed markets. We depart from the extant literature and we focus our attention on companies listed on ...
Spillovers from the United States to Latin American and G7 stock markets: A VAR quantile analysis [WP]
We estimate multivariate quantile models to measure the responses of the six main Latin American (LA) stock markets to a shock in the United States (US) stock index. We compare the regional responses with those of seven ...
Quality and Environmental Management Systems as Business Tools to Enhance ESG Performance: A Cross-Regional Empirical Study
The growing societal and political focus on sustainability at global level is pressurizing companies to enhance their environmental, social and governance (ESG) performance to satisfy respective stakeholder needs and ensure ...
