This paper explores Spanish Treasury bond auctions both from a theoretical and an empirical perspective. In the theoretical analysis we present a model to explore the revenue efficiency of Spanish Treasury bond auctions. Given the complexity of the Spanish auction game, the model abstracts from...

Este trabajo pretende caracterizar el grado de concentración de las ramas productivas de la economía española en el período 1996-1999, tanto de la industria como de los servicios. Para ello, se presentan una batería de índices de concentración calculados con relación al empleo...

Este trabajo pretende señalar los principales rasgos que la rama de servicios presenta en la economía española. Para ello, se compara el comportamiento de una serie de variables económicas -valor añadido, empleo, productividad, deflactores y costes laborales unitarios-, desde tres...

This paper uses a well-established growth accounting framework to measure the contribution of ICT goods (considered as capital inputs) to output and labour productivity growth in the Spanish economy. We apply this framework to a sample of around 1300 Spanish firms per year over the period...

The potential negative consequences of high financial volatility have been an important concern recently. Although its empirical relevance has not been proved conclusively, clear theoretic and intuitive arguments justify this concern. Many efforts have been conducted, therefore, to determine...

This paper applies a well-established growth accounting framework to measure the contribution of ICT inputs to output and labour productivity growth in Spain, using a sample of 1300 firms per year over 1991-2000. Firm-level data are helpful to overcome the availability lags and the...