Listar por autoría "a5a410c8-9477-4133-959a-0e73d1b08a59"
Mostrando ítems 21-40 de 42
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Is there a euro effect in the drivers of US FDI? New evidence using Bayesian Model Averaging techniques
Camarero, Mariam; Moliner, Sergi; Tamarit, Cecilio Springer (2021-02-15)In this paper we analyze the potential determinants of US outward FDI stock with aparticular focus on the euro effect during the period 1985-2017. To this aim, we considera large set of candidate variables suggested both ... -
Japan's FDI drivers in a time of financial uncertainty. New evidence based on Bayesian Model Averaging
Camarero, Mariam; Moliner, Sergi; Tamarit, Cecilio Elsevier (2021-01-22)In this paper we analyse the determinants of Japanese outward FDI stock for the period 1996–2017. This period is especially relevant as it covers a process of increasing economic globalization and two financial crises. To ... -
Modelling Time-Varying Parameters in Panel Data State-Space Frameworks: An Application to the Feldstein–Horioka Puzzle
Camarero, Mariam; Sapena, Juan; Tamarit, Cecilio Springer (2019)In this paper, we develop a very flexible and comprehensive state-space framework for modeling time series data. Our research extends the simple canonical model usually employed in the literature, into a panel-data ... -
New Evidence on Trade and FDI: how Large is the Euro Effect?
Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio Springer (2018)In this paper we analyse the effect that the euro has had on trade using a gravity model for 28 countries and covering the period 1990–2013. Our gravity specification includes time-varying fixed effects, correcting any ... -
Nonlinear adjustment in the real dollar-euro exchange rate: The role of the productivity differential as a fundamental
Camarero, Mariam; Ordóñez, Javier Elsevier (2012)In this paper we analyze the influence of productivity differentials in the dynamics of the real dollar–euro exchange rate. Using nonlinear procedures for the estimation and testing of ESTAR models during the period 1970–2009 ... -
Nonlinear trend stationarity of the Real Exchange Rates of Mediterranean countries
Camarero, Mariam; Cuestas, Juan Carlos; Ordóñez, Javier Inderscience (2008)The aim of this article is to provide additional evidence on the fulfillment of the Purchasing Power Parity hypothesis in the so-called Mediterranean countries. In order to test for the empirical validity of such ... -
Testing for external sustainability under a monetary integration process. Does the Lawson doctrine apply to Europe?
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Elsevier (2015)Monetary integration, and more specifically, the creation of a monetary union in Europe, raises new economic questions concerning its functioning and governance. In particular, we focus on the implications of high and ... -
Testing for Periodic Integration with a Changing Mean
del Barrio Castro, Tomás; Camarero, Mariam; Tamarit, Cecilio Springer Verlag (2017)In this paper we extend the test of periodic integration proposed by Boswijk and Franses (J Time Ser Anal 17:221–245, 1996) allowing for a change in the mean. We provide the asymptotic distribution and show that is the ... -
Testing for real interest rate parity using panel stationarity tests with dependence: a note
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Wiley-Blackwell (2009)This paper tests for real interest parity (RIRP) among the nineteen major OECD countries over the period 1978:Q1-2006:Q1 using both short and long-run definitions of interest rates. Once the independence hypothesis is ... -
The Birth of the euro [Ressenya]
Camarero, Mariam Blackwell Publishing (2009-09)The author has written a comprehensive review on the book: The birth of the euro by O. Issing (Cambridge, Cambridge University Press, 2008, ISBN: 9780521731867); XIV, 260 p. -
The expectations hypothesis of the term structure in the Euro area
Camarero, Mariam; Ordóñez, Javier; Tamarit, Cecilio Economics bulletin (2008)This paper tries to ascertain whether the expectations hypothesis of the term structure of interest rates was fulfilled for the EMU countries in the period previous to its launching. To this end, we employ individual ... -
The real exchange rate of the dollar for a panel of OECD countries: Balassa-Samuelson or distribution sector effect?
Camarero, Mariam Elsevier (2008)The purpose of this paper is to analyse the role of productivity in the behaviour of the real exchange rate of the dollar against the currencies of a group of OECD countries. To do this, a general specification is tested, ... -
The relationship between debt level and fiscal sustainability in organization for economic cooperation and development countries
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Wiley (2015)In this article we unify the traditional approaches to testing for fiscal sustainability considering the stock-flow system that fiscal variables configure. Our approach encompasses previous ways of testing for sustainability. ... -
The Rise and Fall of Financial Flows in EU 15: New Evidence Using Dynamic Panels with Common Correlated Effects
Camarero, Mariam; Muñoz, Alejandro; Tamarit, Cecilio Springer (2023-03-16)This paper assesses capital mobility for a panel of 15 European countries for the period 1970–2019 using dynamic common correlated effects modeling as proposed in Chudik and Pesaran (J Econ 188(2):393–420, 2015). In ... -
The role of commodity terms of trade in the determination of the real exchange rates of the Mediterranean countries
Camarero, Mariam; Cuestas, Juan Carlos; Ordóñez, Javier Wiley-Blackwell (2008)The aim of this paper is to investigate whether there exists a long run relationship between the real exchange rate and the commodity terms of trade in the so-called “Mediterranean” or MENA countries. These economies ... -
The role of Institutions in explaining wage determination in the Euro Area: a panel cointegration approach
Camarero, Mariam; D'Adamo, Gaetano; Tamarit, Cecilio Wiley (2016-03)Over the last 15 years, the evolution of labor costs has been very diverse across EMU countries. Since wages have important second-round effects on prices and competitiveness, and EMU countries do not have the tool of ... -
Trade Openness and Income: A Tale of Two Regions
Camarero, Mariam; Martinez-Zarzoso, Inmaculada; Nowak-Lehmann D., Felicitas; Tamarit, Cecilio John Wiley & Sons Ltd (2015-08-18)In this article we present evidence of the long-run effect of trade openness on income per worker for two regions that have followed different liberalization strategies, namely Asia and Latin America. A model that ... -
Understanding German FDI in Latin America and Asia: A comparison of GLM estimators
Camarero, Mariam; Montolio, Laura; Tamarit, Cecilio MDPI (2020-03-10)ThegrowthofForeignDirectInvestment(FDI)indevelopingcountriesoverthelastdecade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool ... -
Unemployment Hysteresis in Transition Countries: Evidence using Stationarity Panel Tests with Breaks
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Wiley-Blackwell (2008)This paper tests hysteresis e¤ects in unemployment using panel data for Tran- sition Countries covering the period 1992:1-2003:11. The tests exploit the cross- section variations of the series, and additionally, allow ... -
Variable selection in the analysis of energy consumption-growth nexus
Camarero, Mariam; Forte Deltell, Anabel; García-Donato Layrón, Gonzalo; Mendoza, Yurena; Ordóñez, Javier Copyright © 2015 Elsevier B.V (2015-10-30)There is abundant empirical literature that focuses on whether energy consumption is a critical driver of economic growth. The evolution of this literature has largely consisted of attempts to solve the problems and answer ...