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Understanding the Determinants of Economic Integration in Latin America
Center for Economic Integration, Sejong University (2017-09)When signing or enhancing trade agreements with Latin America, political and institutional factors play a more important role at present compared with their role in the past. In addition, ... -
Firm heterogeneity and the market scope of European multinational activity
Elsevier (2017-09)This paper examines the relationship between the characteristics of European firms and the market scope of their international activity. We show, theoretically, that when markets can be served by exports or through foreign ... -
Exports and governance: Is the Middle East and North Africa region different?
Wiley (2018)This paper aims to analyse whether a higher quality of economic governance rewards economic performance and facilitates the integration of the Middle East and North Africa region into the world economy. A gravity model of ... -
Oil prices and unemployment in the UK before and after the crisis: A Bayesian VAR approach. A note.
Elsevier (2018)The aim of this paper is to analyse the role of oil price movements in the evolution of unemployment in the UK, accounting for asymmetric effects. Distinguishing between positive and negative innovations in oil prices ... -
Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?
Public Library of Science (2018)The paper investigates and compares the relationship between inflation and inflation uncertainty under inflation targeting and, alternatively, a conventional fixed exchange rate system, for a group of emerging countries. ... -
The Impact of Immigrant Diversity on Wages. The Spanish Experience
MDPI (2018)The massive waves of migration that have emerged as part of the recent globalization process have attracted increasing attention in the field of economic geography. Traditionally, empirical research on this issue has ... -
Firm Heterogeneity and Export Activity of European Firms: A Quantile Analysis
Sociedad de Economía Mundial (2018)This paper examines the extent to which firms’ characteristics are related to export activity behaviour. Using a dataset comprised of harmonized and detailed firm-level data from six European countries ... -
Re-assessing causality between energy consumption and economic growth
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 ... -
Inequality and Unemployment Patterns in Europe: Does Integration Lead to (Real) Convergence?
Springer Verlag (2018)The economic convergence criteria adopted in the Maastricht Treaty and the fiscal discipline of the Stability and Growth Pact enforced nominal convergence, leaving aside real convergence indicators. In this paper, we use ... -
Protecting health or protecting imports? Evidence from EU non-tariff measures
Elsevier (2018-01)Non-tariff measures such as food safety standards are aimed at protecting consumers' health but may also be used as protectionism tool to limit imports. This study investigates the protectionist intent of EU food safety ... -
The role of education in the Environmental Kuznets Curve. Evidence from Australian data
Elsevier (2018-02)This paper is based on the underlying idea that the use of energy resources in a society significantly depends on their level of education. Then, it is hypothesized that education might directly affect environmental quality ... -
What Explains Indirect Exports of Goods and Services in Eastern Europe and Central Asia?
Springer (2018-05)This paper investigates the determinants of indirect exporting, using firm- level data for 27 countries in Eastern Europe and Central Asia. Indirect exporting depends on a combination of fixed and variable trade cost ... -
The Gravity of Arms
Taylor & Francis (2018-05)1 The Gravity of Arms Abstract The aim of this paper is to investigate the determinants of international arms transfers in a gravity model framework . By distinguishing between the decision to export ... -
The dynamics pattern of price dispersion in retail fuel markets
Elsevier (2018-08)This paper empirically investigates the dynamics of price dispersion in retail fuel markets as a response to the corresponding wholesale price changes. For this purpose we take advantage ... -
Migration and FDI: the role of job skills
Elsevier (2018-10)Using a multi-country gravity framework, this paper models and quantifies the relevance of migrants' job position in fostering Foreign Direct Investment (FDI). High-skilled migrants are defined as those individuals born ... -
Growth in a time of external imbalances
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 ... -
Exports and governance: the role of private voluntary agrifood standards
Wiley (2019)The empirical evidence that institutional differences across countries affect bilateral trade is robust. The crucial question remains how countries can enhance trade amid these differences. In this article, we measure the ... -
Modelling Time-Varying Parameters in Panel Data State-Space Frameworks: An Application to the Feldstein–Horioka Puzzle
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 ... -
Banking sector concentration, competition and financial stability: the case of the Baltic countries
Taylor & Francis (2019)This paper empirically assesses the potential nonlinear relationship between competition and bank risk for a sample of commercial banks in the Baltic countries over the period 2000–2014. Competition is measured by two ... -
Export Structure Upgrading and Economic Growth in the Western Balkan Countries
Taylor & Francis (2019)In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do ...