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One of the main questions to solve when analysing geographically added information consists of the design of territorial units adjusted to the objectives of the study. This is related with the reduction of the effects of the Modifiable Areal Unit Problem (MAUP). In this paper an optimisation...
Persistent link: https://www.econbiz.de/10005176402
Tourism is one of the most important sectors in the global economy and is considered an efficient tool with which to promote economic growth. The case of Spain's economy is well known in this respect; in fact, widespread consensus exists on the part played by tourism in enhancing the...
Persistent link: https://www.econbiz.de/10005022354
The lack of suitable critical values for the Dickey-Fuller integrability test in finite-samples can drive researchers to spurious conclusions when using asymptotic critical values. In this paper we estimate response surfaces for the Dickey-Fuller unit root test with structural breaks that allow...
Persistent link: https://www.econbiz.de/10005022390
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...
Persistent link: https://www.econbiz.de/10005022399
In applied regional analysis, statistical information is usually published at different territorial levels with the aim of providing information of interest for different potential users. When using this information, there are two different choices: first, to use normative regions (towns,...
Persistent link: https://www.econbiz.de/10005138815
This paper analyses the presence of unit roots in some macroeconomic time series of the Spanish economy. Stochastic properties of the time series have been studied focusing on two aspects, both consistent with the possibility that there might be structural changes affecting the time series...
Persistent link: https://www.econbiz.de/10005176421
This paper considers the effects of regional externalities in economic growth. We define two types of regional spillovers: demand-driven and supply-driven. Both types seem to be significantly positive and the results show how the omission of these effects in a growth equation may downward bias...
Persistent link: https://www.econbiz.de/10005120761
Persistent link: https://www.econbiz.de/10007298725
Drawing on a very rich data set from a recent cohort of PhD graduates, we examine the correlates and consequences of qualification and skills mismatch. We show that job characteristics such as the economic sector and the main activity at work play a fundamental direct role in explaining the...
Persistent link: https://www.econbiz.de/10010942708
In this paper we investigate the dynamics of European government bond market integration during the financial crisis and, subsequently, during the European sovereign debt crisis. Based on the approach developed by Bae et al. (2003), we adopt an intuitive measure of integration: the higher the...
Persistent link: https://www.econbiz.de/10010942709