Showing 1 - 10 of 12
This Phillips-Ouliaris (1988) non-parametric unit root test for non seasonal data and the seasonal one of Joyeux (1992) are based in the estimation of the spectral density function in a fixed frequency. We can get consistent estimations of the spectrum using spectral windows, but such procedure...
Persistent link: https://www.econbiz.de/10005022344
Tourism is one of the most important sectors in the global economy and is considered an efficient tool with which to promote economic growth. The case of Spain's economy is well known in this respect; in fact, widespread consensus exists on the part played by tourism in enhancing the...
Persistent link: https://www.econbiz.de/10005022354
The lack of suitable critical values for the Dickey-Fuller integrability test in finite-samples can drive researchers to spurious conclusions when using asymptotic critical values. In this paper we estimate response surfaces for the Dickey-Fuller unit root test with structural breaks that allow...
Persistent link: https://www.econbiz.de/10005022390
We present a theoretical framework for determining the short- and long-run effects of infrastructure. While the short-run effects have been the focus of most previous studies, here we derive long-run elasticities by taking into account the adjustment of quasi-fixed inputs to their optimum...
Persistent link: https://www.econbiz.de/10005022399
In applied regional analysis, statistical information is usually published at different territorial levels with the aim of providing information of interest for different potential users. When using this information, there are two different choices: first, to use normative regions (towns,...
Persistent link: https://www.econbiz.de/10005138815
In this paper we carry out a broad simulation experiment where the finite sample behaviour of two parametric seasonal unit root tests for monthly data is studied. In concrete, we analyse the performance of both the Franses (1991) and Canova and Hansesn (1995) procedures. We point out, among...
Persistent link: https://www.econbiz.de/10005138830
Commuting consists in the fact that an important fraction of workers in developed countries do not live close to their workplaces, but at long distances from them, so that they must travel to their jobs and then back home daily. This paper studies commuting in Catalonia (Spain) for the 1986-1991...
Persistent link: https://www.econbiz.de/10005099939
In this paper we study the commuting and moving decisions of workers in Catalonia (Spain) and its evolution in the 1986-1996 period. Using a microdata sample from the 1991 Spanish Population Census, we estimate a simultaneous, discrete choice model of commuting and moves, thus indirectly...
Persistent link: https://www.econbiz.de/10005099941
Commuting consists in the fact that an important fraction of workers in developed countries do not reside close to their workplaces but at long distances from them, so they have to travel to their jobs and then back home daily. Although most workers hold a job in the same municipality where they...
Persistent link: https://www.econbiz.de/10005099942
Most studies analysing the infrastructure impact on regional growth show a positive relationship between both variables. However, the public capital elasticity estimated in a Cobb-Douglas function, which is the most common specification in these works, is sometimes too big to be credible, so...
Persistent link: https://www.econbiz.de/10005176410