This paper investigates the evolution of wealth in a one sector growth model since the early stages of development to its steady state. A key feature of the model is that a household's consumption cannot fall below a positive level each period. This requirement introduces a positive association...

We document the presence of a trade-o. between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labor market risk. Di.erent countries’ locations along this trade-o. represent stable, hard to modify, politico-economic equilibria. We...

This paper presents an study of the impact of the public infrastructure on private activity of industry and construction sectors for the Spanish regions from 1980 to 1993. We use a cost function approach, but the possibility of the existance of spillovers effects is always considered. This study...

This paper analyses the duration of the central parities of the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS). To that end, we apply the duration model approach to weakly data covering the EMS covering the complete EMS history.

Self-reported home values are widely used as a measure of housing wealth by researchers employing a variety of data sets and studying a number of different individual and household level decisions. The accuracy of this measure is an open empirical question, and requires some type of market...

En este trabajo evaluamos la convergencia en niveles de precios entre Las provincias españolas. Para ello, a partir de series largas del Indice de Precios de Consumo para las 50 provincias, aplicamos tanto contrastes De Raíces unitarias y de estacionariedad a las diferencias frente a la Media...

Convencionalmente las evaluaciones del bienestar utilizan como indicador de nivel de vida el PIB por habitante. Este trabajo trata de aportar una perspectiva distinta del bienestar. Con este propósito se ha construido una base de datos para las Comunidades Autónomas (CC.AA.) españolas y el...