Search results for " Capital"
showing 10 items of 1008 documents
Estimation of the stock of capital in Spain
2000
The paper presents the methodology and results of the estimation of the endowments of capital in the Spanish economy. It distinguishes between endowments of public capital and private capital. The series corresponding to the public sector cover the period 1955–97 and consider seven categories (or functions). The estimates are disaggregated by 17 regions and 50 provinces. The level of disaggregation is regional and provincial (NUTS2 and NUTS3 in European terminology). The private capital series cover the period 1964–97 and consider 17 sectors of production, with disaggregation at regional level. The information refers to two variables: gross formation of fixed capital (in current and constan…
New evidence on international R&D spillovers, human capital and productivity in the OECD
2002
Abstract In this article we show how the use of more reliable data on average years of schooling can change the conclusions about the magnitude of international R&D spillovers based on previous evidence, while pointing to a superior role of human capital.
Do market regulations reduce investment? Evidence from European regions
2016
ABSTRACTDo market regulations reduce investment? Evidence from European regions. Regional Studies. This paper investigates the impact of market imperfections on non-farm business sector investment in European regions for 1995–2007, using dynamic panel and generalized method of moments (GMM) methods for estimating a Euler equation. The results show that barriers to entrepreneurship and to trade and investment decrease the productivity of capital, which has negative effects on European regions’ investment. Corruption leads to increased operational costs, creates uncertainty and thereby deters investment. Greater labour market regulation also means higher labour costs. Hiring and firing regula…
Public capital and productive efficiency in the Spanish regions (1964–89)
1995
The article analyses the evolution of the differences in economic conditions among Spanish regions from the perspective provided by the recent advances made in economic growth empirics. Although convergence is usually established in terms of Gross Value Added (GVA) per capita, in the case of Spain it is of special interest to break it down into three separate elements: activity rate, employment rate, and productivity of labour. Regional differences in unemployment rates, which persist for long periods of time, are identified as a force against convergence. After describing the distinction between conditional and non conditional convergence, the paper considers the role played by the product…
Public capital, productive efficiency and convergence in the Spanish regions (1964-93)
1998
This paper analyses the behaviour of productive efficiency in the Spanish regions for the period 1964–93. From a growth accounting approach, it describes the regional evolution of total factor productivity (TFP'), based on a private inputs production function. A stricter measure of efficiency is then quantified, which is not equivalent to Solow's residual, since public capital is included in the production function and constant returns to scale are not imposed. Finally, on the basis of the measures of total factor productivity and efficiency, the study discusses the existence of technological convergence among Spanish regions and the role played in it by public capital. The renewed interest…
Technology spillover and TFP growth: A spatial Durbin model
2016
Beginning with a model in which technological progress is reflected by product variety, we provide a structural approach to estimate technology spillovers allowing for spatial interdependencies. To this end, we first present a theoretical model of TFP growth by decomposing TFP into quality and variety components. We address the quality component by introducing a country׳s distance to the technological frontier. Quality is assumed to be a negative function of the technological gap of country i with respect to its own technological frontier. This technological threshold is defined as the geometric means of knowledge levels in all countries. We deal with the variety component by using R&D expe…
Transport in Spain: economic analysis of the sector
1982
Abstract This article analyses the evolution of the transport sector in Spain in recent years, the analysis being presented in three parts. The first part is an analysis of the sector from a macroeconomic point of view and its relation to the most relevant macromagnitudes of the Spanish Economy. The relative importance and relationship of transport is shown in relation to Gross Domestic Product, the evolution and the significance of the different modes of transportation, its significance in the Gross Formation of Fixed Capital and the relationship between transport and energy, balance of payments, employment and the public sector. The second part of the paper is a microeconomic analysis of …
The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS
2012
In this paper, we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we fi nd statistically signi cant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows and use a non-parametric test for spatial correl…
Mafia e antimafia. Uno sguardo sulle dinamiche di mutamento
2013
Il capitolo si sofferma su alcuni dei successi raggiunti dalle azioni di contrasto alle organizzazioni criminali, ponendo in evidenza come, accanto agli sforzi compiuti dai soggetti inquirenti e dalle forze dell’ordine, sia necessario innescare dei circoli virtuosi di sviluppo che contemplino anche un mutamento della percezione sociale della criminalità organizzata e un innalzamento dei livelli di fiducia. La strada che intendiamo percorrere suggerisce di guardare con attenzione all’importanza delle azioni di sensibilizzazione rivolte in particolare ai giovani, anche al fine di prevenire comportamenti illegali e di favorire il rispetto delle regole a tutti i livelli della società. Particola…
Screen media usage, sleep time and academic performance in adolescents: clustering a self-organizing maps analysis.
2014
Screen media usage, sleep time and socio-demographic features are related to adolescents' academic performance, but interrelations are little explored. This paper describes these interrelations and behavioral profiles clustered in low and high academic performance. A nationally representative sample of 3,095 Spanish adolescents, aged 12 to 18, was surveyed on 15 variables linked to the purpose of the study. A Self-Organizing Maps analysis established non-linear interrelationships among these variables and identified behavior patterns in subsequent cluster analyses. Topological interrelationships established from the 15 emerging maps indicated that boys used more passive videogames and compu…