The management of fish stocks harvested by several countries is an important economic and political issue at the international level. It is estimated that the harvests of these fish stocks account for about one third of world marine harvests. The cooperative management of international shared fish stocks, through International Fisheries Agreements, has proven to be…
Resumen: Este trabajo pretende abordar tres aspectos fundamentales estrechamente relacionados entre sí que resultan claves para entender la situación precaria de los trabajadores en España tras cuarenta años de democracia y que han derivado en graves consecuencias económicas y sociales. El primero se refiere a las reformas laborales impulsadas en España después de la dictadura y…
ABSTRACT: Adaptive learning (AL) takes over other features needed to generate a sizable term premium under rational expectations. Indeed, a time-varying term premium emerges in a first-order approximation of a DSGE model under AL. We estimate a real-time AL model that builds on Slobodyan and Wouters (2012a). Our extension disentangles the expectations hypothesis of the term structure (EH)…
En el ámbito de la generación de tablas input-output regionales, se ha visto como la formulación de los cocientes de localización –desde las propuestas incipientes hasta la fórmula aumentada de Flegg– ha sufrido cambios. Ahora bien, las distintas modificaciones presentan cierta sencillez; en donde las tasas de variación del empleo o producción, así como el…
This paper addresses the long-term impacts of climate change on wind speed and, therefore, on wind energy generation. A projection of wind speed was carried out for four selected wind farms in Spain, using an ensemble of three climate models, two scenarios (RCP 4.5 and 8.5) and two time periods (2018-2041 and 2042-2065) per plant….
Abstract: This paper adds the standard input–output linkages into a multi-sector endogenous growth model to study the interaction effects between linkages and technology adoption for aggregate productivity and for income per capita. We show that the greater the intensity with which a good is used as input by other sectors, the smaller are the technology…
CANCELADO POR ENFERMEDAD DEL PONENTE. SE AVISARÁ CUANDO SE FIJE OTRA POSIBLE FECHA. ABSTRACT Relevant empirical findings point at the actual use of explicit (but imperfectly en- forceable) formal contracts by businesses alongside substantial informal dimensions in the relationship. In this paper we formally show the supporting role that formal contracts play for relational interactions. …
The homeownership plays an important role in the wealth accumulation, given that the real estate represents over the half of the private households’ wealth. For more than a century, the governments in the market economies have striven to maximize the proportion of households who occupy their own dwellings. The homeowners are thought to be better…
ABSTRACT. Temptation and self-control evolved as single mechanism to make humans behave against their own self-interest. I follow a recent literature in Economics on the evolution of preferences, by modeling the evolution of self-control in a principal-agent framework. The principal can obtain the first best asymptotically by biasing the utility of the agent (from which…
Abstract Which are the factors affecting the long run sustainability of GDP growth? This paper discusses a potentially important one that has been disregarded so far: the shift in advanced economies from quantity to quality growth. First, the paper lays down a simple model introducing the quality dimension of consumption into the IPAT analytical framework….
