This paper analyzes the role of religious conflict in the process of development of a country. We construct an index of religious polarization using data on the proportions of each religion in a country. The index of polarization is an alternative to the usual fragmentation index. We argue that...

This paper analyzes the relationship between human capital and convergence with a model that takes into account the different effects of human capital accumulation on regional convergence. As an input, human capital produces convergence due to both decreasing returns and public intervention on...

Este trabajo aporta evidencia acerca de la importancia de los ingresos de divisas por turismo en el crecimiento económico español experimentado en las últimas tres décadas. Los resultados econométricos indican que existe una relación de largo plazo entre el crecimiento de la renta del...

The expansion and intensification of banking competition, which has occurred inSpain during the last ten years, has allowed banks and savings banks to define theircompetitive strategies with more freedom. This paper analyzes the similarities andthe differences in their product mix along with its...

This paper ana1yzes the behavior of productive efficiency in the Spanish Regions for the period 1964-1989. From a growth accounting approach, it describes the regional evolution of total factor productivity (TFPs), based on a private input production function. A more strict efficiency measure is...

In this paper the Spanish export-led growth hypothesis is re-examined from the trade liberalisation process initiated four decades ago. For this purpose it is taken under consideration both the export expansion and the progression from "traditional" exports to manufactured and semi-manufactured...

This paper provides evidence that the expected real term structure contains information about the future real economic growth. We follow Harvey who uses the consumption-based asset-pricing model to derive a forecasting equation that links the stage of the yield curve to expected economic growth....

This paper is founded in a previous estimation of the stock of capital of theSpanish economy incorporating two new developments. First, this new estimation is anestimation of the directly productive capital stock of the Spanish economy, whosepurpose is to know its productive capacity. Second,...

This paper questions the empirical evidence of the relationship between inequality and growth on the basis of the estimation of convergence equations. The criticisms are aimed in two directions - at the quality of the data and at the standard estimation procedure. It begins by describing in...

This paper shows the importance of the composition of production -productive specialization- and sector inefficiencies when evaluating efficiency in aggregate production. For this purpose, a new approach is proposed for obtaining efficiency scores which enables two components to be...