Seminario 15/17: M. P. Martínez-García (U. Murcia) – Non-constant discounting and Ak-type growth models

Growth

Abstract This paper analyzes an Ak-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,…

Seminario 15/16: M. Solaz (U. Valencia) –International Relocation of Production and Economic Growth

TRADE

Abstract According to the product life-cycle theory, new products are invented and developed in the advanced economies, from which they are initially exported. At a later stage, part or all of their production process moves to lower-wage countries. These dynamics lead to a continuous process of international relocation of production. In this paper, we use…

Seminario 15/13: J. L. Groizard (Universitat Illes Balears) –Dissecting the Exporter Wage Gap in Spain

World trade concept. Globe surrounded by shipping containers.

Abstract It is well known that exporter firms pay higher wages and are more skill intensive than domestic firms. In this paper we measure and decompose the exporter wage gap into several explanatory components by estimating counterfactual distributions for the Spanish manufacturing sector between 1995 and 2010. We find that conditional wages are more compressed…

Seminario 15/11: J. Sánchez-Campillo (U. Granada) – ¿En los centros privados se inflan las calificaciones de los estudiantes?

calificacionesfinales

Abstract Over ninety percent of the students taking the Spanish university admissions test (PAU) in recent years have passed on their first try. However, many public university degree programmes require high grades of their applicants. This requirement was reinforced in 2010 with the approval of the new PAU, which introduced a set of voluntary tests,…

Seminario 15/07: A. Martín (UNED) –Assessing the impact of domestic outsourcing and offshoring on productivity at the firm level

Outsourcing. Business Background.

Abstract The purpose of this paper is to investigate the effects of domestic and foreign sourcing on firm-level productivity. We develop a simple framework which permits the introduction of both domestic outsourcing and offshoring in a conventional production function. We find that the decision to outsource has a positive impact on the level of productivity…

Seminario 15/05: R. Ramos (Banco de España) – Agglomeration Matters for Trade

trade

Abstract En este trabajo documentamos la existencia de aglomeración geográfica de empresas exportadoras según el país de destino de las exportaciones utilizando microdatos de la Balanza de Pagos. En este sentido, encontramos que las empresas que venden a países con peores instituciones, donde no se habla español y que tienen una moneda diferente tienden a…

Seminario 15/03: A. de la Fuente (Fedea) – Un sistema de cuentas públicas territorializadas para España Metodología y resultados para 2011

mapa

Abstract En este trabajo se presenta una metodología para la construcción de un Sistema de Cuentas Públicas Territorializadas (SCPT) elaborado desde la óptica carga-beneficio, así como una aplicación de esta metodología al caso del año 2011. El SCPT ofrece una radiografía detallada de la distribución regional de los flujos de gastos e ingresos públicos y…

Seminario 15/02 – F.Alcalá (UMU): Effort and Leisure at the Workplace

effort

Abstract There appears to be notable differences in average effort at work (pace and attentiveness) across countries, which affect relative TFP and comparative advantage. These differences are typically assumed to be the consequence of an exogenous cultural trait: industriousness; more industrious countries would thrive relative to more indolent ones. However, it is hard to accept…

Seminario 15/01: O. Arce (Banco de España) – Structural Reforms in a Debt Overhang

esop-tax-reform

Abstract We assess the effects of reforms in product and labor markets in a model economy featuring credit restrictions and pre-existing long-term debt. Both elements, which are core features of the current scenario faced by some Euro area countries, combine to produce a slow deleveraging of the private sector and a persistent recession following a…

Seminario 14/28: J.C. Negrete (UMU) – Distortionary Taxation and Central Bank Design in Monetary Union

monetary

ABSTRACT: We consider a monetary union where discretionary monetary policy creates the classical inflation bias. We analyze how the design of the central bank interacts with fiscal policy under distortionary taxation. We show that when countries share a single currency the perils of not having a conservative enough central bank are more severe. This result…