This article analyses wage flexibility within the framework of a semiparametric panel data model by using a bi-dimensional nonparametric term in the wage regression. The results point to a high degree of wage rigidity in Spain. However, semiparametric estimation allows us to find an interaction...

Considering residential per capita electricity consumption as one of the most suitable economic welfare indicators, the aim of this paper is to explore worldwide differences on this variable over the period 1980-2007. The paper adds to the standard practice of [sigma] and [beta] convergence...

According to OCA theory, the creation of the EMU reinforces the role of wage flexibility as an adjustment instrument alternative to the exchange rate in order to mitigate the negative effects of asymmetric shocks. This paper uses the case of Spain as the frame of reference within the EMU - in...

The aim of this paper is to study the determinants of FDI in the 260 EU NUTS2 regions between 2000 and 2006. After reviewing the relevant literature and the major traits of the FDI regional distribution in the EU, we analyse its drivers. First, we specify the model and perform a factor analysis...

Este artículo examina el impacto del grado de apertura exterior en el crecimiento y desarrollo económicos de un grupo de 85 países de renta media en el periodo 1970-2009. Se emplean técnicas de cointegración en un panel heterogéneo no estacionario con el fin de tomar en consideración el...