Institut de Recerca en Economia Aplicada Regional i Pública (IREA): Recent submissions
Now showing items 301-320 of 450
Forecasting emerging market currencies: Are inflation expectations useful?
This paper investigates the empirical relevance of inflation expectations in forecasting exchange rates. To that end, we use an expectation version of purchasing power parity (EVRPPP) based on the differential of inflation ...
Green regions and local firms’ innovation [WP]
Technological innovation is essential to achieve simultaneously economic, environmental and social goals (i.e. the green growth). Indeed, many studies found that environmental innovation spurs overall innovation. However, ...
Incorporating creditors' seniority into contingent claim models: Applicarion to peripheral euro area countries
This paper highlights the role of multilateral creditors (i.e., the ECB, IMF, ESM etc.) and their preferred creditor status in explaining the sovereign default risk of peripheral euro area (EA) countries. Incorporating ...
Retaking a course in Economics: Innovative methodologies to simulate academic performance in large groups [WP]
Students who have to retake courses at university are often not only lowachieving, but also unmotivated and lacking self-confidence. These problems may be accentuated in large groups of repeater students. In this context, ...
Are traffic violators criminals? Searching for answers in experiences of European countries
The connection between road traffic safety and criminal behavior has recently become a topic of interest in the literature, although little emphasis placed on the relationship with road accidents. Evidence worldwide shows ...
Short-run and long-run effects of public debt on economic performance: Evidence from EMU countries
This paper contributes to the literature by examining the possible influence of public debt on economic performance, using data from both central and peripheral countries of the European Economic and Monetary Union for the ...
Geographical distribution of the COVID-19 pandemic across waves in Spain
This paper pursues a deep insight in the evolution of the spatial distribution of the pandemic in the Spanish provinces along the six waves. Through the use of spatial exploratory techniques, we observe that the geographical ...
Corruption and local politics: does it pay to be a crook?
During the recent years of economic boom in Spain, political corruption at the local level boomed as well. In fact, it increased from 7 publicly denounced cases from 1999-2003 to at least 180 in the last legislative period ...
The Spatial effects of transportation on industrial employment
This paper examines the direct and indirect impacts of transport infrastructure on industrial employment. We estimate regressions with spatial econometric methods using data from the Spanish regions for the period 1995-2008. ...
El Clasico of Housing: Bubbles in Madrid and Barcelona’s Real Estate Markets
This paper contributes to the housing bubble literature by analysing rental and sales price dynamics in Spain’s two largest urban centres—Madrid and Barcelona—between May 2007 and December 2024. Using monthly data from ...
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 ...
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 ...
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 ...
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 ...
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 ...
Industrial emissions abatement: Untangling the impact of the EU ETS and the economic crisis
In this study we use historical emission data from installations under the European Union Emissions Trading System, -EU ETS- to evaluate the impact of this policy on industrial greenhouse gas emissions during the first two ...
Disentangling the separate and combined effects of privatization and cooperation on local government service delivery
Inter-municipal cooperation is often regarded as an alternative to privatizing local public services. But cooperation and privatization can also be combined into a composite reform package, where several municipalities ...
Vulnerable Funding in the Global Economy [WP]
We study the international propagation of financial conditions from the United States to global financial markets. The impact is highly heterogeneous alongside the quantiles of the distribution of the two major funding ...
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 ...
