The economy of the Canary Islands has experienced significant macroeconomic adjustment and real convergence with the European Union, being the tax and economic specificities established in its special Economic and Fiscal Regime (REF) one of the main driving forces. In this paper, we have...

The aim of this paper is to analyse the supply effects of the EU funds received by the Andalusian region, with special emphasis in the Community Support Framework 1994-1999 (CSF 94-99). To that end, we examine the effects derived from a greater and better endowment of productive factors and...

This paper provides an updated survey of a burgeoning literature in testing, estimation and model specification in the presence of integrated variables. Integrated variables are a specific class of non-stationary variables which seem to characterize faithfully the properties of many...

This paper assesses the degree of credibility of the Irish Pound in the European Monetary System between 1983 and 1997. Different credibility indicators proposed in the literature are used to measure agents’ perceptions of the credibility of the ERM commitment in an attempt to distinguish...