Search results for "Finance"
showing 10 items of 4676 documents
Autonomia Local, Equilibri Pressupostari i Sostenibilitat Financera
2021
En aquest escenari, resulta indefugible i certament pertinent realitzar una avaluació sobre l'impacte que s'ha derivat de les vigents polítiques de control del dèficit i del deute públic sobre el règim de les EELL, en termes de la seua incidència sobre l’autonomia local. Les limitacions i els mecanismes de supervisió -tant formals com materials- que s'han anat reforçant gradualment amb vista a la consolidació d'un major control dels comptes públics locals per part dels organismes estatals particularment -i dels autonòmics, en menor mesura-, transcendeixen a l'abast i al mateix contingut d'un conjunt de principis, instruments i conceptes essencials entre els quals destaquen els d’autonomia l…
The Export Strategy and SMEs Employment Resilience During Slump Periods
2021
Abstract The Spanish economy was the most hit by the Great Recession. It suffered a greater decrease in the gross domestic product (GDP) (affecting especially internal demand). However, it suffered a greater increase in exports (the so-called Spanish “miracle”). Particularly, Spanish SMEs incorporation into exports has been spectacular since 2008. Further, this has coincided with a huge increase in unemployment. Therefore, our main objective is to investigate the moderating role of exports in job destruction associated with recessive contexts of domestic demand using Spanish manufacturing SMEs as a case study. We obtain for SMEs that export participation helps compensate for the decrease in…
Fuzzy economic spaces
1980
Traditional spatial economic analysis is limited to the description of precise spaces. To say that an economic space is precise means: (1) that this space has, or else, has not given constituent characteristics and (2) that the agents located there prefer, or else, do not prefer one possible action to another. Proposition (1) implies that an economic space is perfectly delimited and that it can be clearly partitioned into homogeneous subspaces. Proposition (2) implies that economic agents undertake exact economic calculations and optimize, under rigid constraints of resource limitation, objective functions whose arguments are clearly defined. Thus, traditional spatial economic analysis is b…
Spatial spillovers in France: a study on individual count data at the city level
2007
Our study aims to measure the effects of spatial R&D spillovers on firms' patent production at the city level. We use an original method to estimate the spatial dimension of spillovers using count data. The method, based on a generalized cross entropy approach, allows us to test spatial auto-correlation. The main result is that when there are local spillovers, their impact on knowledge production is different according to the geographical area and the sector.
Spatial Econometrics and Spatial Data Pooled over Time: Towards an Adapted Modelling Approach
2013
International audience
A spatio-temporal measure of spatial dependence: An example using read estate data
2013
International audience
Hétérogénéité spatiale : principes et méthodes
2004
Spatial Heterogeneity : Principles and Methods This article has a dual purpose . First , it describes the main econometric specifications which can be used to represent spatial heterogeneity , reflected in an instability of parameters in space and / or a heteroscedasticity of error terms . Only the specifications valid in cross-section are examined . Second , it explains the links between spatial heterogeneity and autocorrelation , the other major feature of localised data , defined by the absence of independence between geographical observations . In particular , we look at the extent to which traditional tests of heteroscedasticity or instability need to be amended to take account of spat…
A fuzzy-set qualitative comparative analysis model to predict bank bailouts: a study of the Spanish financial system
2020
This paper examines the restructuring of the Spanish financial system. This study is justified by the massive economic and social impact of this process in Spain. Based on the annual accounts and the annual reports of Spanish credit institutions, a model was created to predict the possibility of bank failure or bailout. The variables were selected following a review of the literature. They included the legal form of the credit institution (savings bank versus bank), leverage, real estate investment, gross operating margin, staff costs and non-performing loans. Two variables that had not previously been used in studies of this type were also included in the model: risk-weighted assets and co…
La valeur partenariale : vers une mesure opérationnelle.
2007
L’objectif de cet article est de proposer une mesure operationnelle de la valeur partenariale. Cette mesure est illustree par une application a un certain nombre de firmes europeennes du secteur automobile. Cette application met en evidence l’interet de la demarche pour construire un diagnostic financier permettant de mieux mettre en relation la conception contractuelle de la firme et l’approche strategique.