In this paper we present a high-dimensionality Retail Trade Index (RTI) constructed to nowcast the retail trade sector economic performance in Spain, using Big Data sources and techniques. The data are the footprints of BBVA clients from their credit or debit card transactions at Spanish point...

El desempleo juvenil en Espana es un fenomeno persistente que se ha agravado durante la crisis actual, alcanzando una magnitud tal (46,1% en 2T11) que la toma de medidas para atenuarlo no puede ser pospuesta por mas tiempo. La evidencia presentada en este documento indica que existen...

Youth unemployment in Spain is a persistent phenomenon that has worsened during the current crisis. And at the levels now being registered (46.1% in 2Q11), the measures to fight it can be delayed no longer. The evidence presented in this document indicates that there are serious shortcomings in...

The aim of this paper is to compute, using an accounting exercise, the effect of immigrants over the three factors, which determine the income per capita (demographic factor, employment rate and productivity). We saw that immigration has had a positive effect over the two first, but negative...