This paper presents the private capital stock estimates for the 17 Spanish regions, for the 1964-1989 period and for the agriculture, industry, building and service sectors. The Perpetual Inventory Method, used in nearly all OCDE countries, is applied to this estimation, entailing a previous...

In this paper we analyze the possibility that temporary exchange rates shocks have persistent effects on market structure and trade flows (Le. hysteresis) when we consider a monopolistic competition market where firms established in different countries face sunk cost entry. Moreover we want to...