It is widely proved the existence of non-linear deterministic structures in the exchange rates dynamic. In this work we intend to exploit these non-linear structures using forecasting methods such as Genetic Algorithm and Neural Networks in the specific case of the Yen/$ and British Pound/$...

The traditional studies about hedonic prices apply simple functional forms such as linear or linearity transformable structures. Nowadays, it’s known in the literature the importance of introducing non-linearity to improve the models’ explanatory capacity. In this work we apply data-driven...

This paper analyses the relationship between the North Atlantic Oscillation (NAO) and the tourist arrivals to the Balearic Islands from Germany and United Kingdom. The sample period for all time series goes from 1980 to 2008. Using the Granger Causality test and an analysis based on...

A pesar de la importancia del turismo internacional para la economía española, este sector ha sido muy poco estudiado. Es por esta razón que el principal objetivo de nuestro estudio es el de construir un modelo econométrico robusto que nos permita (i) conocer las variables más importantes...

En los últimos años, ante los hallazgos de estructuras deterministas no-lineales en series financieras, la econometría financiera aplicada ha adoptado toda una serie de sofisticadas y potentes técnicas no-lineales de predicción. En este trabajo empleamos el método de ocurrencias análogas,...

This study performs the challenging task of examining the forecastability behavior of the stock market returns for the Dow Jones Industrial Average (DJIA) and the Dow Jones Islamic (DJIM) market indices, using non-parametric regressions. These indices represent different markets in terms of...

The aim of this paper is to analyze the statistical relationship between the yearly timber supply of Maritime Pine and Eucalyptus and their market prices in Galicia (northwest of Spain) during the 1985-2007 period. The development of profitability and growing stock is similar for both species in...

Given the low biomass level of the anchovy, the European Commission agreed to establish a moratorium on this species in the Bay of Biscay in 2005. Although the effects of managing the fishing activity with TACs, fees, taxes and ITQs on the stocks and future net profits are well documented in the...

Using annual data, we have estimated the timber harvest of eucalyptus in the region of Galicia (Spain). The explanatory variables considered were price, pulp exports, and salvage timber. The latter variable was used as a proxy for forest fires. The problems related to spurious regression were...