0000000000255312
AUTHOR
José Antonio Martínez Serrano
EMU and Trade : A PPML re-assessment with intra-national trade flows
Since Rose's (2000) path-breaking study, a lot of studies have been carried out on the effect of currency unions on trade. Both Rose's striking finding that sharing a currency union more than triples trade between countries and the creation of the euro have propelled an intense debate on this issue and, in particular, about the effect of the Economic and Monetary Union (EMU) on trade. More than 50 papers have examined the effect of EMU on bilateral trade flows given that it is, by far, the most important monetary union. However, so far the results vary greatly across studies and even the most recent articles provide mixed results. Whereas Glick and Rose (2016) and Larch, Wanner, and Yotov (…
La productividad en los servicios
La productividad de los servicios en la economía española ha avanzado a un ritmo muy lento debido a las dificultades existentes para capitalizar la mayoría de sus actividades y al lento avance tecnológico experimentado por el sector. En este artículo se analiza el comportamiento diferencial de la productividad de los bienes y servicios y sus variaciones desde los años sesenta, tratando de explicar las razones de dicho comportamiento. Asimismo, se realiza un análisis comparativo del crecimiento reciente de la productividad en relación a países más avanzados, con la finalidad de detectar las posibles carencias en la adaptación del sector terciario español al nuevo entorno técnico y económico.…
Measuring the impact of regional export promotion: The Spanish case
This article estimates the effect of Spanish regional trade agencies abroad on exports using the gravity model. The results indicate that regional agencies increase trade. The estimated impact seems to be larger than that of Spanish embassies and consulates. Moreover, a dis- aggregated analysis shows that this effect is not evenly distributed across Spanish regions. JEL classification: F14, R12