This work focuses on the study of the relationship between ownership and control structure of the company and its innovative activity. Its aim consists of analysing the role that may be played by determinants within the company related to ownership structure when the decision to incur research...

The study of the effects that different types of infrastructre have supposed in the regional growth is a topic that has been widely analysed from final eighties. One of the methodologies used for it is the Cost-Benefit analysis which permits an individual study of each project to advise...

Recent theoretical models of economic growth have emphasised the role of external effects on the accumulation of factors of production. Although most of the literature has considered the externalities across firms within a region, in this paper we go a step further and consider the possibility...

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...

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...

During the last forty years, there has been an outstanding methodological development in regional and urban economics. This fact has fostered the necessity of working with cross-section data. When using this kind of data,spatial effects could arise: spatial heterogeneity and spatial dependence....

As memories of the East Asian crises of 1997-1998 recede, attention has shifted back to the traditional problems of macroeconomic management in a small open economy. A key question, in this regard, is the appropriate choice of exchange rate regime. While the East Asian crises cased some...

The implementation of auctions of long-term electricity contracts is arising as an alternative to ensure generation investment and therefore achieve a reliable electricity supply. The aim is to reconcile generation adequacy with efficient energy purchase, correct risk allocation among investors...

Dust accumulation on the surface of photovoltaic modules decreases the transmittance and produces power losses and consequently daily energy losses. These losses are important in large photovoltaic power plants, mainly in arid areas. The company Asahi Kasei Corporation has developed a new...

This paper argues that fundamental weaknesses in Asian financial systems that had been masked by rapid growth were at the root of East Asia's 1997 currency and financial crisis. These weaknesses were caused by the lack of incentives for effective risk management created by implicit or explicit...