The main purpose of this article is to provide empirical evidence for Spain on the dependency relationship between government spending and private consumption at the disaggregated level. To this end, we will use two approaches that extend traditional consumption models, allowing for...

The primary objective of this article is to estimate a fiscal policy rule for each of the EMU member States from 1984 to 2005 in order to know if there has been a systematic response of the cyclically adjusted primary balance to output gap and debt level variations. Also, we aim to discover...

Traditional tools of econometric analysis building rest in almost all cases on the precept that the structure of economy is stable. This asumption is very restrictive in the case of modeling regional economies, where it is very difficult assume that the future will be similar to the past. The...

The topics related to the income distribution are specially interesting when we try to measure the social and economic impacts of a economic policy given decission. When a strategy of balanced development is tried to imply in a given country or region, inequality, poverty, unemployment, etc, not...

This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...

A new production-frontier specification is proposed when dealing with decision-making units whose efficiencies are correlated with the performances of the neighbors (spatial dependence), providing a bias reduction with respect to standard data envelopment analysis (DEA) methods. For the...

The need to be compliant with the fiscal frameworks of the European Union and Spain has generated asymmetric fiscal behavior across the Spanish government tiers regarding the distribution of the needed fiscal efforts to pursue public finance sustainability and macroeconomic stability in the...

The literature on the measurement of regional convergence at different spatial scales and over different time periods is extensive. This study explores the potential role of variations in European regional technical efficiency as a contributing factor in providing explanation for convergence or...