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Few papers have analysed the consequences of low climate stabilisation. Most models and scenarios assume that future trends in global GDP will be similar to the growth experienced in the past century, which would imply multiplying current output nineteen-fold in this century. However, natural...
Persistent link: https://www.econbiz.de/10010899107
We develop a structural risk-neutral model for energy market modifying along several directions the approach introduced in Aid et al. (2009). In particular a scarcity function is introduced to allow important deviations of the spot price from the marginal fuel price, producing price spikes. We...
Persistent link: https://www.econbiz.de/10008793959
Las experiencias en cooperación en el ámbito del turismo y el desarrollo, fruto de la dilatada colaboración entre investigadores españoles y latinoamericanos, ha sido importante. Así lo constatan el número de proyectos financiados por el Programa de Cooperación Interuniversitario de la...
Persistent link: https://www.econbiz.de/10010898581
Las ciudades históricas, en especial las Ciudades Patrimonio de la Humanidad, constituyen uno de los principales referentes culturales de España y Latinoamérica. En este texto se abordan los resultados de una investigación comparada sobre este tipo de ciudades a nivel de España y México,...
Persistent link: https://www.econbiz.de/10010898689
may be also too restrictive. The recent modernisation of irrigation practices in Spain highlights that the rebound effect …
Persistent link: https://www.econbiz.de/10010898730
Americanism as a central point of the political, social, intellectual and academic agenda in Spain: some explicative … notes This paper focuses on the different factors that make Latin Americanism in Spain so different from that in the rest of …, the relevant presence of both Spanish settlers in Latin America and Latin American ones in Spain, as well as the presence …
Persistent link: https://www.econbiz.de/10010820816
This chapter examines the relations between training, skills, credentials and the wage in France, Spain and the United …
Persistent link: https://www.econbiz.de/10008791917
An elementary arbitrage principle and the existence of trends in financial time series, which is based on a theorem published in 1995 by P. Cartier and Y. Perrin, lead to a new understanding of option pricing and dynamic hedging. Intricate problems related to violent behaviors of the underlying,...
Persistent link: https://www.econbiz.de/10010551681
Causation between time series is a most important topic in econometrics, financial engineering, biological and psychological sciences, and many other fields. A new setting is introduced for examining this rather abstract concept. The corresponding calculations, which are much easier than those...
Persistent link: https://www.econbiz.de/10010899129
We present an evaluation of the main empirical approaches used in the literature to estimate the contribution of public capital stock to growth and private factors' productivity. Based on a simple stochastic general equilibrium model, built as to reproduce the main long-run relations observed in...
Persistent link: https://www.econbiz.de/10010899289