0000000000131604
AUTHOR
Antonio Cutanda
Infrastructure and Regional Economic Growth: The Spanish Case
CUTANDA A. and PARICIO J. (1994) Infrastructure and regional economic growth: the Spanish case, Reg. Studies 28, 69-77. This paper considers the measurement of infrastructure capital in the Spanish regions and examines the regional disparities found. The relationship between income and infrastructure is studied in order to determine the impact of public capital in accounting for regional disparities in incomes. The empirical evidence shows that infrastructure has a significant positive effect on the income disparities at regional level. CUTANDA A. et PARICIO J. (1994) L'equipement et la croissance economique regionale, Reg. Studies 28, 69-77. Cet article considere la mesure du capital affec…
La medición de la desigualdad a través de un modelo de elección intertemporal
Este trabajo considera el uso de información individual de consumo para analizar la desigualdad en renta. Dada la presumible asociación entre desigualdad y el nivel de la renta permanente y los problemas asociados a su identificación con datos individuales de ingreso, los datos microeconómicos de consumo se constituyen en una alternativa muy válida para analizar la desigualdad y los cambios en el bienestar. De acuerdo con el modelo de la renta permanente es posible identificar las varianzas permanente y transitoria de la renta a partir de información microeconómica de ambas variables. Este trabajo constituye un ejemplo de aplicación de esta metodología con la Encuesta Continua de Presupuest…
Human capital and the intertemporal substitution for leisure: empirical evidence for Spain
AbstractIn this paper we provide the first estimate of the intertemporal substitution for leisure in Spain, accounting for the impact of human capital accumulation. This would allow uncovering whether the intertemporal labour supply of Spanish workers is affected by human capital. Our empirical strategy consists of estimating the equation for the intertemporal substitution of leisure with and without accounting for human capital, what allows to detect hypothetical estimation biases associated to omitting the impact of human capital. To that end, we build a pseudo-panel data set combining the Spanish Family Expenditure Survey and the Labour Survey over the period 1987–1997. While the model t…
An empirical investigation of the effect of borrowing constraints on Spanish consumption
This work analyses the relevance of borrowing constraints on the intertemporal behaviour of Spanish non-durable consumption. We estimate Euler equations with cohort data extracted from the "Encuesta Continua de Presupuestos Familiares" (ECPF) for the period 1985-1993. The results are robust to the use of different estimators to eliminate fixed individual effects, to different specifications of the model, to the effect of uncertainty and to the presence of habits in consumption. Our results allow us to conclude that non-durable consumption of a considerable fraction of the Spanish population is affected by borrowing constraints. At the same time, and in accordance with similar results for ot…