We devote this paper to reflecting on Foreign Direct Investment (FDI) and Intellectual Property Rights (IPRs) in the long run, particularly analyzing the case of Spain during the nineteenth and twentieth centuries. Although the interactions between IPRs and FDI have attracted significant...

This paper explores how international corporations used the Spanish patent system in the late nineteenth century and the first decades of the twentieth century in order to discover what the actual effects of its apparent weakness were. The research clarifies the origins and evolution of...

We describe how the structure and governance of international trade finance – the oldest domain of international finance – evolved from the Middle Ages until today. Trade finance products initially consisted of idiosyncratic assets issued by local merchants and bankers. The financing of...

Anaerobic digestion technology uses microorganisms to consume waste and produce methane gas, which serves as a source of clean renewable energy. Although anaerobic digestion is widely used for both purposes throughout the rest of the world, it is rarely applied in the United States. This Article...

This paper analyzes the impact of the German autobahn net on the economic performance of German regions. To address endogeneity and reverse causation problems, we use historical instrument variables, i.e. a plan of the railroad net in 1890 and a plan of the autobahn net in 1937. We find a...

Spanish Abstract: La capacidad de competir globalmente ha sido algo cambiante en el tiempo. Los procesos de innovación tecnológica y la educación condicionan en gran medida el crecimiento económico y esa competitividad internacional. La evolución y desarrollo histórico de los derechos de...

There is a widespread idea that corporations have completely taken over invention and innovation processes throughout the twentieth century, thus becoming the main users of patent systems. However, recent studies suggest that, in spite of corporate expansion, independent invention is still...

For a complete cost-benefit analysis of durable infrastructures, it is important to understand how the value of non-market goods such as transit time and environmental quality changes as incomes rise in the long-run. We use difference-in-differences and spatial differencing to estimate the land...

This paper analyzes the impact of the German autobahn net on the economic performance of German regions. To address endogeneity and reverse causation problems, we use historical instrument variables, i.e. a plan of the railroad net in 1890 and a plan of the autobahn net in 1937. We find a...