Despite the abundant literature on convergence across the Spanish regions, most of the empirical research has used cross-section regressions or panel data techniques with fixed effects, resulting in biased estimates. Furthermore, many of these studies have not explicitly accounted for the effect...

El presente trabajo analiza el papel que la apertura comercial tiene en los procesos de desarrollo. Se discuten los aspectos estáticos y dinámicos de la apertura comercial y se toma en consideración las respuestas públicas a los fallos de mercado relacionados con los procesos de...

During recent years, new doubts about the effectiveness of international aid have emerged. One of the arguments employed to justify this sceptical view is that aid can hinder tax effort in developing countries. Nevertheless, empirical research on the aid-tax nexus is inconclusive and it shows...

Broadly speaking, the balance-of-payments constraint hypothesis as developed by Thirlwall has been empirically supported. Yet it shows some shortcomings highlighted in the literature. In our opinion, two of them must be analyzed. First, temporary disequilibria and capital flows must be...