In the period 1997–2011, import competition from China multiplied by five in the Spanish manufacturing sector. In this paper we analyze whether this severe increase in import competition from China is associated with a higher probability of becoming unemployed in the Spanish manufacturing...

La ciclicidad de los requisitos de capital de riesgo de crédito ha sido motivo de preocupación para los reguladores bancarios, los supervisores y la industria durante años. La sensibilidad a las condiciones económicas de los grados de probabilidad de impago (PD, por sus siglas en inglés) a...

The development of new industries demands access to local capabilities. Little attention has yet been paid to the role of spillovers from neighbor regions for industrial diversification, nor has the role of network linkages between neighbor regions been investigated. As the spread of...