This paper examines the degree of export-price dispersion among European Union countries and its evolution in the recent past (1988-1999). The paper also explores the likely impact of the European Monetary Union on export-price convergence by looking at the past experience of European countries...

This work presents the evaluation results of the investments programmes cointained in the “Programa Operativo Integrado of Castilla-La Mancha (POICLM)”, for the 2000-2006 period. The program amounts to 2102 million of 1995-euros. In order to calculate them, we use the adaptation of the...

The purpose of this paper is to contribute to the debate on the relevance of non-linear predictors of high-frequency data in foreign exchange markets. To that end, we apply nearest-neighbour (NN) predictors, inspired by the literature on forecasting in non-linear dynamical systems, to...

This paper examines the linkages between the stock markets in Asia during the 1977-1999 period using recently-developed cointegration techniques that allow for structural shifts in the long-run relationship. Our results suggest that, if we apply conventional cointegration tests, we do not find...

Este trabajo analiza los efectos económicos de las inversiones ferroviarias realizadas en España durante el periodo 1991-2007, con especial énfasis en el futuro inmediato, que coincide con el periodo de programación del Plan de Infraestructuras 2000-2007. Gracias a dichas inversiones, el PIB...

This paper examines price convergence in the European Union Car market over the period 1995-2005. The results indicate that there is a clear evidence of price convergence among the EU15 countries, but not before 1999. Moreover, countries of the Economic and Monetary Union started convergence...

Este trabajo presenta los resultados de la evaluación, para la economía madrileña, de las ayudas recibidas de la Unión Europea durante el período 1990-2006 a través de distintos programas de inversiones, cerca de 3 mil millones de euros. Para ello utilizamos una adaptación para la...

This paper analyses the functioning of the European Exchange Rate Mechanism (ERM). To that end, we apply the duration model approach to estimate an eclectic model that enables us to explicitly incorporate political and institutional factors into the explanation of European exchange rate...

In this paper we assess the empirical relevance of an expectations version of Purchasing Power Parity in forecasting the Dollar/Euro exchange rate. This version is based on the Uncovered Interest Rate Parity and tbe Fisher Hypothesis, and it makes use of the differentials of inflation...

This paper has examined the degree of convergence in social protection registered in the European Union (EU) during the 1970-1999 period. To that end, we study the long-run properties of time series of social protection benefits, applying unit root tests that allow for endogenously determined...