We propose a multidimensional spatial model of political competition where the advertising campaign aims at influencing the weights that voters’ preferences assign to different political issues. The campaign strategies will move the vote of those voters who lack of partisan identification. The...

There is a recent trend in banking research aiming to assess how financial innovation and technology are affecting bank cost, revenue and profits. Most of the studies have not found significant cost, profit or revenue complementarities either between traditional and non-traditional banking...

Este trabajo examina los determinantes de la duración del primer desempleo de una cohorte de jóvenes graduados: los que obtuvieron su titulación en el curso 2001/2002 en las carreras del área económica de la Universidad de Sevilla. Tras estimar un logit ordenado para datos de duración se...

In this paper we present evidence concerning the existence of target zone nonlinearities in the Spanish Peseta/Deutsche Mark exchange rate using data with daily frequency for the period 1989-1996. Using a non-parametric technique, the Alternation Conditional Expectations (ACE) algorithm, we...

This paper analyses whether volatility changes in the bilateral and effective real exchange rates of the OECD industrial countries are associated with a specific nominal exchange rate regime. To that end, we examine the real exchange rate behaviour during the 1960-2003 period, therefore covering...

This paper aims to show the utility of the so-called Social Accounting Matrix and Environmental Accounts (SAMEA) for economic and environmental efficiency analysis. The article use the SAMEA for Spain in 2000, applied to the water resource and to greenhouses gases emissions. The estimation has...

This paper studies if imperfections in the labor market justify a diferent fiscal policy. We present a dynamic general equilibrium model with a Ramsey planner deciding about public spending, labor taxes and debt. Two diferent labor market setups are considered. First we assume a competitive...

The relationship between public investment and economic performance has received a substantial attention by economists and policy-makers over the recent few years. In such a way, several approaches have been followed, from different theoretical and empirical points of view. The aim of this paper...

In this paper I evaluate the usefulness of a set of fiscal indicators as early-warning-signal tools for annual General Government Net Lending developments for some EMU countries (Belgium, Germany, Spain, France, Italy, The Netherlands, Ireland, Austria, Finland) and an EMU aggregate. The...

Este artículo presenta una metodología para la estimación anual de Matrices de Contabilidad Social (SAM, Social Accounting Matrix, en terminología anglosajona). Esta metodología ha sido desarrollada para construir estas matrices a partir de datos procedentes de las Cuentas Nacionales y de...