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    • closedAccess   R2 and idiosyncratic volatility: Which captures the firm-specific return variation? 

      Zhang, Wei; Li, Xiao; Shen, Dehua; Teglio, Andrea Elsevier (2016)
      A growing literature regards R2 and idiosyncratic volatility as interchangeable proxies for firm-specific return variation and examines its relations to information efficiency. However, the question on choosing the ...

    • openAccess   Rail Freight Transport and Demand Requirements: an Analysis of Attribute Cut-Offs Through a Stated Preference Experiment 

      Feo Valero, María; García Menéndez, Leandro; Del Saz Salazar, Salvador Springer Verlag (2014)
      This paper analyses the choice between road and rail in Spain where rail market share for freight is still residual. Discrete choice models are estimated with data obtained through a two-phase fieldwork, thus allowing us ...

    • openAccess   Re-assessing causality between energy consumption and economic growth 

      Ghoshray, Atanu; Mendoza, Yurena; Monfort Bellido, Mercedes; Ordóñez, Javier Public Library of Science (2018)
      The energy consumption-growth nexus has been widely studied in the empirical literature, though results have been inconclusive regarding the direction, or even the existence, of causality. These inconsistent results can ...

    • openAccess   Re-examining inequality persistence 

      Ghoshray, Atanu; Monfort Bellido, Mercedes; Ordóñez, Javier Institute for the World Economy (2020-01-20)
      Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can ...

    • closedAccess   Real convergence in Europe: A cluster analysis 

      Monfort Bellido, Mercedes; Cuestas, Juan Carlos; Ordóñez, Javier Elsevier (2013)
      In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to test whether there is evidence of club convergence in the EU, i.e. divergence in GDP per worker. Evidence in favour of ...

    • openAccess   Real exchange rate misalignments in CEECs: Have they hindered growth? 

      Cuestas, Juan Carlos; Mourelle, Estefanía; Regis, Paulo José Springer (2019-07-16)
      We study the impact of exchange rate misalignment on economic activity in nine Central and Eastern European economies. Exchange rate misalignments are computed from country-specific long-run exchange rate relationships ...

    • openAccess   Real unit labour costs in Eurozone countries: drivers and clusters 

      Ordóñez, Javier; Sala Lorda, Héctor; Silva Becerra, José Ignacio Springer Verlag (2015)
      We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components – real wages, capital intensity, and ...

    • openAccess   Reciprocity in Labor Market Relationships: Evidence from an Experiment across High-Income OECD Countries 

      Waichman, Israel; Siang, Ch’ng Kean; Requate, Till; Shafran, Aric P.; Camacho Cuena, Eva; Iida, Yoshio; Shahrabani, Shosh MDPI (2015)
      We study differences in behavior across countries in a labor market context. To this end, we conducted a bilateral gift-exchange experiment comparing the behavior of subjects from five high-income OECD countries: Germany, ...

    • openAccess   La red de ferrocarriles en el laboratorio 

      García-Gallego, Aurora; Georgantzis, Nikolaos; Sabater-Grande, Gerardo Ministerio de Energía, Turismo y Agenda Digital (2017)
      Las redes de transporte se construyen en espacios definidos y limitados por especificidades geográficas y límites geopolíticos. En consecuencia, dichas redes acaban asumiendo asimetrías inevitables, contrarias a los ...

    • openAccess   Regional Hub port development : the case of Montevideo, Uruguay 

      Wilmsmeier, Gordon; Martinez-Zarzoso, Inmaculada; Fiess, Norbert Inderscience (2011)
      This paper reflects on port development in Uruguay in an environment of trilateral interport competition. The regional characteristics of port development in terms of their geographical, functional and operational ...

    • openAccess   Regional income convergence in Colombia: population, space, and long-run dynamics 

      Peiró-Palomino, Jesús; Prieto-Bustos, William Orlando; Tortosa-Ausina, Emili Springer (2023)
      We examine the trajectory of regional income dynamics in Colombia. Using data on all 33 Colombian departments from 2000 to 2016, we employ extensions of (spatial) Markov chains, space-time mobility measures, along with a ...

    • closedAccess   Regional versus global production networks: where does Latin America stand? 

      Florensa, Luis Marcelo; Márquez-Ramos, Laura; Martinez-Zarzoso, Inmaculada; Recalde, María Luisa Taylor & Francis (2015)
      This article quantifies the effects of the Latin American Integration Association (LAIA) and the Southern Common Market (Mercosur) on the trade of intermediate goods and also on the trade of final goods. It is the first ...

    • closedAccess   Regional well-being in the OECD 

      Peiró-Palomino, Jesús Springer (2018-08)
      This paper analyses convergence in well-being across 395 OECD regions in the period 2000–2014 using data from the Regional Well-being Dataset. It is widely known that well-being is a concept that ...

    • openAccess   Regionalismo, variación subnacional y gravedad: Una historia de cuatro países 

      Márquez-Ramos, Laura Asociación Española de Ciencia Regional (2016)
      This paper argues that the use of subnational data allows an accurate assessment of the effect of trade agreements on bilateral exports within a gravity model framework. We examine the effect of regional integration on ...

    • openAccess   Rehabilitation and social behavior: Experiments in prison 

      Balafoutas, Loukas; García-Gallego, Aurora; Georgantzis, Nikolaos; Jaber-Lopez, Tarek; Mitrokostas, Evangelos Elsevier (2020-01)
      Despite the economic and social significance of crime reduction and criminals’ rehabilitation, research evaluating the effects of incarceration on behavior is surprisingly scarce. We conduct an experiment with 105 prison ...

    • closedAccess   Reinforcement learning policy recommendation for interbank network stability 

      Brini, Alessio; Tedeschi, Gabriele; TANTARI, DANIELE Elsevier (2023-06-07)
      In this paper, we analyze the effect of a policy recommendation on the performance of an artificial interbank market. Financial institutions stipulate lending agreements following a public recommendation and their individual ...

    • openAccess   Relationship between logistics infraestructure and trade: Evidence from Spanish regional exports 

      Bensassi, Sami; Márquez-Ramos, Laura; Martinez-Zarzoso, Inmaculada; Suárez-Burguet, Celestino Elsevier (2015-02)
      Geographical factors and transport infrastructure are two of the key determinants that influence international competitiveness. In this sense, the quality of such infrastructure and how widespread it is, the distribution ...

    • closedAccess   Relationship between spatial agglomeration and hotel prices. Evidence from business and tourism consumers 

      Balaguer, Jacint; Pernías, José C. Elsevier (2013-06)
      In this paper we examine the relationship between number of local competitors and both the average and the dispersion of retail prices in urban hotels using a dataset from the metropolitan area of Madrid (Spain). By ...

    • closedAccess   Residential energy consumption: A convergence analysis across Chinese regions 

      Herrerías Talamantes, María Jesús; Aller, Carlos; Ordóñez, Javier Elsevier (2017-02)
      The process of urbanization and the raise of living standards in China have led an increasing trend in the patterns of residential consumption. Projections for the population growth rate in urban areas do not paint a very ...

    • closedAccess   Rethinking banking and finance: Money, markets and models 

      Duygun, Meryem; Shaban, Mohamed; Soriano, Pilar; Tortosa-Ausina, Emili Elsevier (2013-12)
      The papers included in this special issue have been selected from the papers presented at the 2012 International Finance and Banking Society (IFABS) conference that was held in Valencia on 18–20 June, 2012, in collaboration ...