Can Sustained Growth be Attained through Trading Exhaustible Resources for Foreign Research

ABSTRACT We analyze the existence and the stability of a sustained balanced growth equilibrium (SBE) in a model of two non-homogeneous trading economies. A technological leader country which sells patents of new intermediate products in exchange for an exhaustible resource extracted by a technological follower trade partner. Considering a growth-essential resource, the ‘knife-edge’ assumption of…

Non-constant discounting and Ak-type growth models

ABSTRACT This paper analyzes an AkAk-type endogenous growth model under non-constant discounting, assuming both naïve and sophisticated consumers. For both types of consumers an isoelastic utility with an intertemporal elasticity below one guarantees observational equivalence under exponential and non-constant discounting, but rejects strong equivalence (identical overall impatience does not lead to identical growth rates). Further,…

Nonconstant reputation effect in a dynamic tourism demand model for Spain

ABSTRACT Following the ideas of the Tourism Area Life Cycle (TALC) theory, we propose a dynamic econometric model for tourism demand where the reputation effect (the effect of the lagged demand on the current tourism demand) is not constant, but dependent on congestion. We test the model using panel data from Spanish regions during the…

Modeling an Immigration Shock

ABSTRACT In this paper, we model an overlapping generation economy affected by an unexpected immigration shock and determine how households may insure themselves against «immigration risk». We use the model to study the impact of immigration on (i) the welfare of different generations, (ii) the distribution of income among factors of production, and, (iii) the…

Agrarian Change, Land Use and Irrigation: the Impact of the Urgell Canal between 1860 and 1935

ABSTRACT This article analyses the impact of the expansion of irrigation that took place in Spanish agriculture between the mid-nineteenth and the first third of the twentieth centuries. It explores the impact on agricultural land use of the Urgell canal, located in western Catalonia and constituting the largest water infrastructure built in nineteenth century Spain…

The world wine market and the competitiveness of the Southern Hemisphere Countries, 1961-2010

ABSTRACT The global wine market has undergone intense changes in recent decades after a sharp increase in the competitiveness of the new Southern Hemisphere exporters. The dynamism of the New World and increased demand for new consumer countries have accelerated the process of wine globalization. We study the global competition and the main changes in…

The Urban-Rural Differences of Height and the Living Standards at the beginning of Spanish Industrialization

ABSTRACT This paper examines the urban-rural differences in height during the early stages of Spanish industrialization. Its aim explore the extent of the urban penalty and welfare biological changes in cities compared to rural areas, which was more backward. We use data height of military recruitment records registered in replacement between 1857 and 1936, that…

Social Organization of Labour, Wages and the Labour Market in Catalonia: the case of an agricultural farm in the Segarra region in the late nineteenth century

ABSTRACT This article discusses the forms of recruit­ment of the labour force in the Catalan countryside in the late nineteenth century, the dynamics and structural features of la­bour markets and the forms of negotiation and setting of agricultural wages. We focus on the case of the Segarra region, particularly on a farm located in the…

Social cohesion and the evolution of altruism

ABSTRACT In this paper we propose a stylized model to study how cohesion may affect the spread and consolidation of altruism in a large population where agents are involved in a local public-good contribution game with their neighbors. We show that, if the contribution cost is moderate (neither too high nor too low), cooperation can…

Quality and endogenous tourism: an empirical approach

ABSTRACT We propose a theoretical model and an empirical study that highlight the role of quality of tourism services and endogenous tourism in long-run economic growth. We study a theoretical growth model of international trade where tourism is the growth engine and quality of tourism services has a positive impact on long-term growth. We also…