In the last two decades, the interest in learning about the poverty levels of the different countries has reflected growing concern. This has been partly due to the economic recession and the high rates of unemployment that the western economies have gone through during that period, and partly,...

In a highly decentralized country such as Spain, meeting national commitments on deficit and debt depends on the sustainability of regional public finances. At present, the deficit target of each region is defined according to its GDP share over national GDP. Although this approach is reasonable...

It is commonly recognized the relevance of transportation costs for studying recre- ational demand. However, these costs are related with travel and modal choice deci- sions. This paper oers a theoretical explanation of the new generation of the demand for recreational goods at destiny after the...

This paper explores the effects of R&D commercial subsidies by means of a model of firms’ decisions about performing R&D when some government support can be expected. To estimate the parameters of interest we use an unbalanced panel sample of 1,800 performing and non-performing Spanish...

El análisis de los resultados económicos de principios del siglo apuntan a una desaceleración de las economías europeas, particularmente la alemana , cuyos efectos adversos también se han reflejado en la Economía Española. En particular, en los mercados financieros se ha constatado una...

It is well known that in most industries a significant proportion of firms do not perform innovative activities. Although empirical studies on the determinants of R&D often have taken this fact into account by considering the dependent variable as a censured one, there is not an explicit...

El estudio de la detección de comportamientos diferenciados en las cotizaciones de los activos subyacentes alrededor de la fecha de vencimiento de los contratos de derivados se justifica, en la literatura financiera, por la realización de operaciones de arbitraje y/o especulación. El objetivo...

En este trabajo se aborda el estudio de los efectos económicos de la conexión Galicia-Madrid con tecnología ferroviaria de alta velocidad (TAV). En este contexto hipotético, determinar el impacto de este proyecto sobre la demanda de transporte se convierte en una tarea imprescindible. Por...

This paper analyses the relationship between the North Atlantic Oscillation (NAO) and the tourist arrivals to the Balearic Islands from Germany and United Kingdom. The sample period for all time series goes from 1980 to 2008. Using the Granger Causality test and an analysis based on...

A pesar de la importancia del turismo internacional para la economía española, este sector ha sido muy poco estudiado. Es por esta razón que el principal objetivo de nuestro estudio es el de construir un modelo econométrico robusto que nos permita (i) conocer las variables más importantes...