Listar por autoría "a5a410c8-9477-4133-959a-0e73d1b08a59"
Mostrando ítems 1-20 de 42
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50 years of capital mobility in the eurozone: breaking the Feldstein-Horioka puzzle
Camarero, Mariam; Muñoz, Alejandro; Tamarit, Cecilio Springer Nature (2021-12-22)This paper assesses capital mobility for the Eurozone countries by studying the long-run relationship between domestic investment and savings for the period 1970-2019. Our main goal is to analyze the impact of economic ... -
A “SURE” approach to testing for convergence in regional integrated areas: an application to output convergence in Mercosur
Camarero, Mariam; Flôres, Renato G.; Tamarit, Cecilio Center for International Economics, Sejong Institution (2008-03)In this paper we propose the use of a sequential multivariate approach to test for convergence. These tests allow us to reconcile the time series literature with the cross-sectional dimension which is basic when testing ... -
An analysis of the trade balance for OECD countries using periodic integration and cointegration
del Barrio Castro, Tomás; Camarero, Mariam; Tamarit, Cecilio Springer Berlin Heidelberg (2015)We analyze imbalances in external accounts that have historically affected most developed countries. The purpose of this study was to shed some light on the sustainability of the current account for a group of OECD countries ... -
Are the determinants of CO2 emissions converging among OECD countries?
Camarero, Mariam; Picazo-Tadeo, Andrés J; Tamarit, Cecilio Elsevier (2013)This paper studies convergence in CO2emission intensity (CO2 emissions over GDP) among OECD countries over the period 1960-2008 based on its determinants, namely, energy intensity (energy consumption over GDP) and the ... -
Club Convergence of Sectoral CO2 Emissions in the European Union.
Morales-Lage, Rafael; Bengochea, Aurelia; Camarero, Mariam; Martinez-Zarzoso, Inmaculada Elsevier (2019-10-22)An understanding of the evolution of sectoral CO2 emissions for all EU countries in recent decades would clearly be useful for political authorities when designing future environmental policies. This paper investigates ... -
¿Debe reducirse el exceso de deuda en la eurozona?: principales alternativas
Camarero, Mariam; Tamarit, Cecilio Fundación de las Cajas de Ahorros (FUNCAS) (2014-10)Los actuales niveles de endeudamiento soberano en la eurozona implican un flujo futuro de superávits públicos primarios que puede ralentizar la posible recuperación de las economías más endeudadas y, con ello, aumentar ... -
Determinants of FDI for Spanish regions: evidence using stock data
Camarero, Mariam; Montolio, Laura; Tamarit, Cecilio Springer (2020-12-01)After decades of academic debate on the factors that determine FDI, the discussion still remains open. This article empirically investigates the determinants of FDI activity using Spanish regional data (NUTS 2) for the ... -
Differences in wage determination in the Eurozone: A challenge to the resilience of the common currency
Camarero, Mariam; D'Adamo, Gaetano; Tamarit, Cecilio Elsevier (2019-11-22)Different developments in wages and unit labor costs across countries can reduce the synchronization of business cycles within a currency area and therefore be a potential source of asymmetric shocks and/or asymmetric ... -
Eco-Efficiency and Convergence in OECD Countries
Camarero, Mariam; Castillo, Juana; Picazo-Tadeo, Andrés J; Tamarit, Cecilio Springer Verlag (2013-05)This paper assesses the convergence in eco-efficiency of a group of 22 OECD countries over the period 1980–2008. In doing so, three air pollutants representing the impact on the environment of economic activities are ... -
Effects of external imbalances on GDP recovery patterns
Camarero, Mariam; Gadea Rivas, María Dolores; Gomez Loscos, Ana; Tamarit, Cecilio Elsevier (2020-03-04)A decade after the beginning of the Great Recession, flow external imbalances, measured by the current account (CA) have narrowed markedly. However, stock or net foreign assets (NFA) imbalances have kept increasing and ... -
EMU and Trade Revisited: Long-Run Evidence Using Gravity Equations
Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio Wiley (2013-09)In this paper, we present evidence of the long-run effect of the euro on trade for the twelve initial EMU countries for the period 1967–2008 from a double perspective. First, we pool all the bilateral combinations of trade ... -
Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targets
Camarero, Mariam; Mendoza, Yurena; Ordóñez, Javier Taylor & Francis (2015)This article examines whether the energy consumption–GDP relationship is in long-term equilibrium for EU-15 countries. Unlike many previous works, we apply a nonlinear unit root test introduced by Kapetanios et al. (2003a) ... -
Explaining German outward FDI in the EU: a reassessment using Bayesian model averaging and GLM estimators
Camarero, Mariam; Montolio, Laura; Tamarit, Cecilio Springer (2021-03-29)The last decades have witnessed an increasing interest in FDI and the process of production fragmentation. This has been particularly important for Germany as the core of the European Union (EU) production hub. This ... -
External imbalances from a GVAR perspective
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Wiley (2021-03-16)We study the drivers governing external disequilibria through a Global VAR (GVAR) analysis applied to a group of 24 countries during the period 1972–2017. The GVAR methodology is particularly well suited for our research ... -
External macroeconomic factors and the link between short- and long-run European interest rates: a note
Camarero, Mariam; Ordóñez, Javier; Tamarit, Cecilio Southern Economic Association (2009-04)This article analyzes the long-run relationships linking long- and short-run interest rates for the Euro-wide aggregated variables. To this end, we extend the set of variables traditionally involved in the Campbell and ... -
Global imbalances and the intertemporal external budget constraint: A multicointegration approach
Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio Elsevier B.V. (2013-12)This paper analyzes the external solvency of a group of 23 OECD countries for the period 1970–2012. The empirical strategy adopted underlines the increasing importance of the financial channel for the external adjustment ... -
Growth in a time of external imbalances
Camarero, Mariam; Peiró-Palomino, Jesús; Tamarit, Cecilio Elsevier (2018-12-28)Globalization and financial integration have increased in the last three decades giving rise to cumulated large external imbalances. The question we address in this paper is whether economic growth ... -
Is eco-efficiency in greenhouse gas emissions converging among European Union countries?
Camarero, Mariam; Castillo Giménez, Juana; Picazo-Tadeo, Andrés J; Tamarit, Cecilio Springer Berlin Heidelberg (2014-08)Eco-efficiency refers to the ability to produce more goods and services with less impact on the environment and less consumption of natural resources. This issue has become a matter of concern that is receiving increasing ... -
Is the environmental performance of industrialized countries converging? A 'SURE' approach to testing for convergence
Camarero, Mariam; Picazo-Tadeo, Andrés J; Tamarit, Cecilio Elsevier (2008)In this paper, we test for convergence in the environmental performance of a sample of OECD countries, with data ranging from 1971 to 2002. First, we use Data Envelopment Analysis (DEA) to compute two environmental performance ... -
Is the ‘euro effect’ on trade so small after all? New evidence using gravity equations with panel cointegration techniques
Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio Elsevier (2014-07)In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a ...