Crime in Spain is not high, by European standards, but together with immigration, crime rates have increased significantly in the last decade. The goals of this paper are (i) to evaluate empirically the extent to which there is either a negative or a positive correlation between crime and...

In this paper, a previously proposed measure of “procedural formalism” of the judicial system for dispute resolution has been adapted in order to characterize the judicial enforcement of contracts in Spain in the long run (1966-2006). Spain has a multiplicity of procedures for the same type...

This paper analyzes empirically whether expansion of a university system affects local industry innovation. We examine how the opening of new university faculties in Italy during 1985-2000 affected regional innovation systems. We find that creation of a new university faculty increased regional...

This paper shows, within a Heckscher-Ohlin version of the two-sector neoclassical growth model, that land, besides having long-run effects, is also a main determinant of the speed of convergence toward the steady state when there are cross-sector capital share differences. This result stands in...

With European Monetary Union (EMU), there was an increase in the adjusted spreads (corrected from the foreign exchange risk) of euro participating countries' sovereign securities over Germany and a decrease in those of non-euro countries. The objective of this paper is to study the reasons for...

The objective of this paper is twofold: First, the applicability of a widely used dynamic model, the autoregressive distributed lag model (ARDL), is scrutinized in a panel data setting. Second, Chile's development of market shares in the EU market in the period of 1988 to 2002 is then analyzed...