This paper applies a generally used version of Shephard's lemma using cost reduction hypothesis, in order to analyze the technology of the Spanish banking firms. Using data panel of the period 1986-1989, it analyzes scale economies at the firm level and office level, as well as the scope...

The aim of this paper is to analyze the existence of risk premia whithin the theorical framework of the CAPM, for long terrn interest rate futures contracts of the Spanish Market for Financia1 Futures. The analysis shows that the operators in futures bear systematic risk, and that its...

This paper examines the relationships between socioeconomic conditions and happiness or satisfaction of individuals in 15 countries. In agreement with earlier studies, age, health and marital status are strongly associated with happiness and satisfaction. In seeming contrast with other studies,...

This paper analyses the efficiency and productivity growth experienced by the Spanish Banking System over the 1986-92 period. The analysis uses a non parametric approach together with the Malmquist index to decompose the productivity growth into changes in efficiency (catching-up) and...

The objective of this study is two-fold: First, we test the goodness of fit of different diffusion models that include the variable ¿distribution¿, and we then analyze the existence of the effects "country" and "time" in the parameters of diffusion currently employed in different European...

This paper tests the different hypotheses explaining profitability in the generic framework of hypotheses of collusion versus efficiency, presenting as its main contribution the use of a direct measurement of efficiency. This measurement is obtained by applying frontier techniques using the...

In this paper the deterrnining factors of the diffusion intensity of the automatic teller machines (ATM) in the Cajas de Ahorros Confederadas Españolas (CECA) are analyzed, using panel data for the 1985-1990 period. It develops a theoretical model of technology adoption in presence of network...

The completion of the European Single Market should bring out an exploitation of comparative advantages in production and trade. It is usually assumed that, given the predominance of intraeuropean trade flows in the global import figures of the European Union, efficiency gains from trade...

The aim of this study consists of proposing a sequential and hierarchical decision-making process of tourists divided into four stages: 1) going on holiday (or not); 2) choosing a national of international trip; 3) choosing a specific geographical area; and 4) choosing a type of trip...

La convergencia en las nomas del coeficiente de recursos propios ha sido una de las cuestiones más relevantes de la Europa de los ochenta. Este documento investiga la naturaleza y la importancia del coeficiente de recursos propios de los bancos comerciales de Europa después del 92. Se sugiere...