During the last decade, unemployment rates in the European Union have been higher than in other regions, e.g., the United States, and these are even higher in Spain. It has been argued that the different degrees of labour mobility between the European and the American labour markets can account...

El objetivo de este trabajo consiste en analizar los efectos que tendría un incremento en la tarifa del agua del sector agrario sobre la conservación del recurso, la eficiencia en el consumo y la posible relocalización del mismo entre los diferentes sectores productivos. La política...

The goal of this paper is to present a Social Accounting Matrix (SAM) of the Spanish economy for 1995, following the trend to expand Input-Output Tables into a SAM, as SEC95 suggests. We have used available data from the National Income and Product Accounts, the latest Input-Output Table with a...

In this paper we examine whether the conventional result of a greater degree of integration leading to lower price-cost margins (i.e., the pro-competitive effect), would hold when two countries integrate by forming a common market. We propose a general framework of reference, in order to assess...

This paper attempts to explain the sources of real exchange rate fluctuations for a set of advanced economies and Central and Eastern European transition economies. To address this, firstly, we compute two measures of the share of the variance in the real exchange rate accounting for movements...

El crecimiento de la tasa de ocupación ha sido la única fuente de crecimiento económico en Andalucía en los últimos años. Además, si en el periodo 1987-1994 la diferencia entre las tasas de crecimiento medias anuales de la productividad del trabajo en Andalucía y España fue de 0,48...

La reciente evolución de la inmigración en España es un tema de relevante interés dada la magnitud del fenómeno. La aportación económica de los inmigrantes depende del papel que desempeñen en nuestro mercado laboral y, particularmente, de la calidad de sus empleos. En este contexto, en...

This article evaluates the effectiveness of regional wage subsidies to foster permanent employment using information gathered from the “Muestra Continua de Vidas Laborales”. This dataset, which is used here for the first time as a source for evaluating Spanish labour market policy, offers a...

This paper deals with measuring total factor productivity (TFP) growth of financial institutions incorporating different types of deregulatory measures. TFP growth is decomposed into external, scale, and markup (in output prices) components. The contribution of the external component is further...

This paper analyses the effects of supply shocks on the Spanish inflation rate. The methodology applied is based on Ball and Mankiw (1995). These authors assume that a good proxy for supply shocks is the third moment of the distribution of price changes, and show that nominal rigidities imply a...