Abstract: The economic growth in a developing country endowed with a natural resource and with a resource-dependent economy can be based on its own investments in new technology. Conversely, it can rely on trade as a channel for technology diffusion from a technologically advanced country. The existence, uniqueness and stability of a sustainable growth path…
ABSTRACT We analyze a dynamic two-country trade model between a technological leading country and a technological follower economy. The output production in the follower economy needs a renewable natural resource as an essential input. We first prove that the innovation developed in the leading country guarantees sustainable growth in this economy. Moreover, trade of innovation…
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…
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,…
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…
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…
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…
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…
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…
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…
