Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Enviaments recents
Ara mostrant els elements 21-40 de 450
EU-15 sovereign governments’ cost of borrowing after seven years of monetary union
Yield spreads over 10-year German government securities of the EU-15 countries converged dramatically in the seven years after the beginning of Monetary Integration. In this paper, we investigate the relative influence ...
Risk of hospitalization of diagnosed COVID-19 cases during the pandemic: a time-series analsys to unveil short- and long run dynamics [WP]
Objectives: With the outbreak of the SARS-CoV-2 pandemic, the unprecedented rise in demand for hospital care brought health Systems worldwide to the brink of collapse. The dynamics of the COVID-19 pandemic have alternated ...
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 ...
One more lie: the Monday effect in Spain’s retail petrol market
Empirical evidence drawn from the economic literature points to a low level of competition in the retail petrol market. Similar evidence can be found for the Spanish market. In fact, both Spain’s antitrust authority -Comisión ...
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 ...
Does longevity impact the severity of traffic accidents? A comparative study of young-older and old-older drivers [WP]
This article seeks to demonstrate differences in the severity of traffic accidents among two subgroups of older drivers – young-older (65–75) and old-older (75+). Spain, in common with other countries, has recorded an ...
High-Speed Rail: lessons for policy makers from experiences abroad
In April 2009, the US government unveiled its blueprint for a national network of high-speed passenger rail (HSR) lines aimed at reducing traffic congestion, cutting national dependence on foreign oil and improving rural ...
The Economic Cost of A Hurricane: A Case Study of Puerto Rico and Hurricane Georges 1998 Using Synthetic Control Method
The aim of this study is to evaluate the long–term effect of a hurricane in the output of a country. The study estimates the effects of Hurricane Georges on Puerto Rico in 1998 using aggregated level data. To do ...
General Equilibrium Long-Run Determinants for Spanish FDI: A Spatial Panel Data Approach
While general equilibrium theories of trade stress the role of third-country effects, little work has been done in the empirical foreign direct investment (FDI) literature to test such spatial linkages. This paper aims to ...
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 ...
Certificate Oversupply in the European Union Emission Trading System and its Impact on Technological Change
We examine the number of patent applications for climate change mitigation technologies (CCMT) filed at the European Patent Office and seek to relate it to the oversupply of emission allowances under the European Union ...
Non-Crossing Dual Neural Network: Joint Value at Risk and Conditional Tail Expectation estimations with non-crossing conditions
When datasets present long conditional tails on their response variables, algorithms based on Quantile Regression have been widely used to assess extreme quantile behaviors. Value at Risk (VaR) and Conditional Tail Expectation ...
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 ...
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 ...
Does Rigidity of Prices Hide Collusion?
Cartel detection is one of the most basic and most complicated tasks of competition authorities. In recent years, however, variance filters have provided a fairly simple tool for rejecting the existence of price-fixing, ...
A missing spatial link in institutional quality
History tells that institutions evolve gradually over time, pushing new ideas across borders and cultures. Globalisation is argued to accelerate this process. We examine the spatial links of different political institutions ...
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 ...
Who pollutes more? Gender differences in consumptions patterns
Recent behavioral literature shows that we can identify differences between women and men in diverse domains in a general context, such as empathy, social preferences and reaction towards competitiveness, risk aversion, ...
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 ...
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 ...
