Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Recent submissions
Now showing items 161-180 of 450
Fear connectedness among asset classes
This study investigates the interconnection between five implied volatility indices representative of different financial markets during the period August 1, 2008-September 9, 2015. To this end, we first perform a static ...
Assessing agglomeration economies in a spatial framework with endogenous regressors (2011)
This paper is concerned with the influence of agglomeration economies on economic outcomes across British regions. The concentration of economic activity in one place can foster economic performance due to the reduction ...
Vertical relations and local competition : an empirical approach
The analysis of vertical industry relations forms an essential element in the field of industrial organization. This paper tests hypotheses derived from transaction cost theory and the principal-agent problem in Chile’s ...
Increasing contingent guarantees: The asymmetrical effect on sovereign risk of different government interventions
Government interventions to support the financial institutions fall into two broad categories: direct interventions (which immediately increase the government's financing need) and off- balance sheet contingent guarantees ...
Singling out individual inventors from patent data
An increasing number of studies in recent years have sought to identify individual inventors from patent data. A variety of heuristics have been proposed for using the names and other information disclosed in patent documents ...
Income inequality and redistribution in Scandinavian countries
This paper investigates the adjustment of government redistributive policies in Scandinavian countries following changes in income inequality over the period 1980-2021. We use two complementary measures of inequality: the ...
Not always sunny in paradise: prices and brand diversity in touristic areas supermarkets
Using a dataset from consumption patterns in the island of Gran Canaria collected by the authors, this paper attempts to quantify some non-positive effects of tourism on local destination retail markets for goods and ...
Why do municipalities cooperate to provide local public services? An empirical analysis
Intermunicipal cooperation is being increasingly adopted in various countries as a part of local service delivery reforms. This paper draws on survey data from Spain’s municipalities to examine the reasons underpinning the ...
The robustness of the sovereign-bank interconnection: Evidence from contingent claims analysis
We analyze the interconnection between the sovereign and banking sector risk in the peripheral euro area countries over the 2004Q4-2013Q2 period. Applying the contingent claims methodology, we build indicators of sovereign ...
Defining housing market areas using commuting and migration algorithms. Catalonia (Spain) as an applied case study
In the literature on housing market areas, different approaches can be found to defining them, for example, using travel-to-work areas and, more recently, making use of migration data. Here we propose a simple exercise to ...
Estimating the effects of fiscal policy under the budget constraint
I reconsider the short-term effects of fiscal policy when both government spending and taxes are allowed to respond to the level of public debt. I embed the long-term government budget constraint in a VAR, and apply this ...
Currency and commodity return relationship under extreme geopolitical risks: Evidence from the invasion of Ukraine
We examine the relationship between currency and commodity returns around the invasion of Ukraine in February 2022. We find that the expected positive contemporaneous relationship between currency and commodity returns ...
The connection between distortion risk measures and ordered weighted averaging operators [WP]
Distortion risk measures summarize the risk of a loss distribution by means of a single value. In fuzzy systems, the Ordered Weighted Averaging (OWA) and Weighted Ordered Weighted Averaging (WOWA) operators are used to ...
La liberalización de las telecomunicaciones en España : control de la inflación y universalización del servicio
Los estudios sobre la liberalización han enfatizado la importancia de las presiones externas en el impulso a las reformas pro mercado. Sin negar esta influencia, en este trabajo sostenemos que son los intereses nacionales ...
Differences in efficiency between Formal and Informal Micro Firms in Mexico
The economic role of micro firms is still the subject of much discussion and debate. While these firms can be seen as potential growth drivers, as they are usually related to entrepreneurship, a relatively high share of ...
Sustainability of EU fiscal policies. A panel test
The fiscal policy rule implicit in the Stability and Growth Pact, has been rationalised as a way to ensure that national fiscal policies remain sustainable within the EU, thereby endorsing the independence of the ECB. We ...
Breakthrough innovations : The impact of foreign acquisition of knowledge [WP]
Based on the Spanish Technological Innovation Panel, this paper explores the role of R+D offshoring on innovation performance from 2004 to 2013. Specifically, we focus our attention on the impact of different types of ...
Pictures are worth many words: Effectiveness of visual communication in dispelling the rent–control misconception
The popular belief that rent–control leads to an increase in the amount of affordable housing is in contradiction with ample empirical evidence and congruent theoretical explanations. It can therefore be qualified as a ...
Recovery Risk and Labor Costs in Public-Private Partnerships : Contractual Choice in the US Water industry
We use an ordered logistic model to empirically examine the factors that explain varying degrees of private involvement in the U.S. water sector through public-private partnerships. Our estimates suggest that a variety of ...
Mixed Oligopoly and Market Power Mitigation: Evidence from the Colombian Wholesale Electricity Market
Using information on price bids in wholesale electricity pools and empirical techniques described in the literature on electricity markets, this study identifies the market power mitigation effect of public firms in the ...
