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Growing by learning: Firm-level evidence on the size-productivity nexus

Moral-Benito, Enrique - In: SERIEs - Journal of the Spanish Economic Association 9 (2018) 1, pp. 65-90

A well-known empirical regularity is that small firms are less productive than large firms. However, does size cause productivity or vice versa? Using firm-level administrative data for Spain, I find that productivity shocks are followed by significant increases in size defined by employment. In...

Persistent link: https://www.econbiz.de/10011994613

Innovation, loyalty and generic competition in pharmaceutical markets

Antoñanzas, Fernando; Juárez-Castelló, Carmelo; … - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 1, pp. 75-95

-line extension (an upgrade through innovation) before it faces generic competition. There are two types of physicians: loyal … firm decides the level of innovation. In the second-stage, all firms decide sequentially their prices, with the incumbent … innovation, the incumbent firm competes for the price-sensitive physicians. However, for low levels of innovation, the incumbent …

Persistent link: https://www.econbiz.de/10010317100

Fewer babies and more robots: Economic growth in a new era of demographic and technological changes

Jimeno, Juan F. - In: SERIEs - Journal of the Spanish Economic Association 10 (2019) 2, pp. 93-114

This paper surveys recent research on the macroeconomic implications of demographic and technological changes. Lower fertility and increasing longevity have implications on the age population structure and, therefore, on the balance between savings and investment. Jointly with meagre...

Persistent link: https://www.econbiz.de/10014496114

Are the Spanish long-term unemployed unemployable?

Bentolila, Samuel; García-Pérez, J. Ignacio; Jansen, … - In: SERIEs - Journal of the Spanish Economic Association 8 (2017) 1, pp. 1-41

Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...

Persistent link: https://www.econbiz.de/10011994631

Financial openness, volatility, and the size of productive government

Erauskin, Iñaki - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 2, pp. 233-253

This paper analyzes the impact of financial openness on the size of the government in a stochastically growing small open economy when public spending is productive and volatility-reducing using a portfolio approach. The main result of the model is that economies that are more open are...

Persistent link: https://www.econbiz.de/10010317071

General equilibrium long-run determinants for Spanish FDI: A spatial panel data approach

Martínez-Martín, Jaime - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 3, pp. 305-333

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 provide further insights into long-run determinants of Spanish FDI by...

Persistent link: https://www.econbiz.de/10010317091