Spanish Economic Review
Công bố khoa học tiêu biểu
* Dữ liệu chỉ mang tính chất tham khảo
Sắp xếp:
How do consumers switch between close substitutes when price variation is small? The case of cigarette types
Spanish Economic Review - - 2006
Past empirical studies report ambiguous results regarding the magnitude and significance of substitution between different types of smoking tobacco. Since all types of tobacco contain nicotine this is quite surprising. Using a 20-year rotating panel data set of Norwegian households and a multinomial logit model, we find evidence that consumers switch between tobacco types: first, estimated price e......
Econometric applications of positive rank-one modifications of the symmetric factorization of a positive semi-definite matrix
Spanish Economic Review - Tập 1 - Trang 79-90 - 1999
We present an algorithm for updating the symmetric factorization of a positive semi-definite matrix after a positive rank-one modification, which works even if the matrices involved do not have full rank. Recursive least squares and factor analysis provide two important econometric applications. An illustrative simulation shows that it can be potentially very useful in recursive situations.
Causes and consequences of exports' channel integration
Spanish Economic Review - Tập 4 - Trang 239-259 - 2002
This paper investigates the decision to export with a proprietary exports channel by Spanish manufacturing firms. The research focuses on the effects of organizational capabilities versus scale economies on the vertical integration decision, and postulates a system of two simultaneous equations to properly evaluate the influence of a proprietary exports channel on the volume of exports. The resul......
Relative wages, labor specialization and bargaining patterns
Spanish Economic Review - Tập 3 - Trang 211-221 - 2001
The goal of this paper is to study the effects of centralized and decentralized bargaining patterns on wage inequality when there are two different types of labor, skilled and unskilled. We present two models where labor is specialized between firms, that is, there are two types of firms, each one employing one type of labor. We show that the revenue shares of the production factors in each type ......
Games of strategic complementarities: an application to Bayesian games
Spanish Economic Review - Tập 9 - Trang 237-247 - 2007
This paper provides an introduction to the theory of games of strategic complementarities, considers Bayesian games, and provides an application to global games.
Monetary policy and exchange rate dynamics in the Spanish economy
Spanish Economic Review - Tập 1 - Trang 55-77 - 1999
As the Spanish economy gets more integrated in international markets, the real exchange rate becomes a key determinant of the monetary transmission. In this paper we trace out the dynamic response of prices, output and the exchange rate following a monetary policy shock. We estimate a structural VAR model whose identification scheme is based on the long run properties common to a large class of m......
Outline of forecast theory using generalized cost functions
Spanish Economic Review - Tập 1 - Trang 161-173 - 1999
The cost functions used to form forecasts in practice may be quite different than the squared costs that is often assumed in forecast theory. The impact on evaluation procedures is determined and simple properties for the derivate of the cost function of the errors are found to provide simple tests of optimality. For a very limited class of situations are forecasts based on conditional means opti......
Sample attrition and labor force dynamics: Evidence from the Spanish labor force survey
Spanish Economic Review - Tập 4 - Trang 79-102 - 2002
In this paper we examine a number of issues that arise in investigating labor force dynamics using the Spanish Labor Force Survey (EPA). These issues are by no means specific to the Spanish case and apply to most European-style labor force surveys. Our main conclusions may be summarized as follows. First, survey nonresponse cannot be neglected. Second, the EPA tends to underestimate employment an......
Publishing performance of Spanish academics: 1970—2004
Spanish Economic Review - - 2006
This work complements some of the results appearing in the article “Publishing Performance in Economics: Spanish Rankings” by Dolado et al. (Span Econ Rev 5: 80–103, 2003) Specifically we focus on the robustness of the results regardless of the time span considered, the effect of the choice of a particular database on the final results, and the effects on changes in the unit of institutional measu......
On the impact of leverage constraints on asset prices and trading volume
Spanish Economic Review - Tập 5 - Trang 123-151 - 2003
Abstract. Researchers have used stylized facts on asset prices and trading volume in stock markets (in particular, the mean reversion of asset returns and the correlations between trading volume, price changes and price levels) to support theories where agents are not rational expected utility maximizers. This paper shows that this empirical evidence is in fact consistent with a standard infinit......
Tổng số: 113
- 1
- 2
- 3
- 4
- 5
- 6
- 10