• openAccess   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.
    • openAccess   The Effect of Technological Innovation on International Trade 

      Márquez-Ramos, Laura; Martinez-Zarzoso, Inmaculada Kiel Institute for the World Economy (2010)
      In this paper, the effect of technological innovation on sectoral exports is analysed using a gravity model of trade. The technological achievement index (TAI) and its four components, creation of technology, diffusion ...
    • openAccess   Environmental policy instruments: technology adoption incentives with imperfect compliance 

      Arguedas, Carmen; Camacho Cuena, Eva; Zofío, José L. Springer Verlag (2010)
      We study the incentives to adopt advanced abatement technologies in the presence of imperfect compliance. Interestingly, incentives under emission taxes and pollution abatement subsidies are the same that in the perfect ...
    • openAccess   Endogenous credit dynamics as source of business cycles in the EURACE model 

      Teglio, Andrea; Raberto, Marco; Cincotti, Silvano Springer Verlag (2010)
      The paper investigates the relationship between the amount of credit money in the economy and the variability of output and prices in the EURACE model. First we examine if the decision about dividends payment by the firms ...
    • openAccess   Capital social e innovación en los distritos industriales : una aplicación a los casos de la cerámica y del mueble 

      Molina-Morales, F. Xavier; Ares Vázquez, María de los Ángeles; Molina Puertas, Carlos A. Comité economic i social de la Comunitat Valenciana (2010)
      En los últimos años, los investigadores han mostrado un creciente interés en la estruc- tura y fortaleza de las relaciones interpersonales en los sistemas sociales. Las externalidades generadas por la proximidad física han ...
    • closedAccess   The Causal Relationship between Equipment Investment and Infrastructures on Economic Growth in China 

      Herrerías Talamantes, María Jesús Higher Education Press (2010)
      There is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this ...
    • closedAccess   What distinguishes individual stocks from the index? 

      Wagner, Friedrich; Milakovic, Mishael; Alfarano, Simone Springer-Verlag (2010)
      Stochastic volatility models decompose the time series of financial returns into the product of a volatility factor and an iid noise factor. Assuming a slow dynamic for the volatility factor, we show via nonparametric tests ...
    • closedAccess   Interdisciplinary Applications of Physics in Economics and Finance 

      Alfarano, Simone; Lux, Thomas; Milakovic, Mishael Springer-Verlag (2010)
    • closedAccess   The small core of the German corporate board network 

      Milakovic, Mishael; Alfarano, Simone; Lux, Thomas Springer US (2010)
      We consider the bipartite graph of German corporate boards and identify a small core of directors who are highly central in the entire network while being densely connected among themselves. To identify the core, we compare ...
    • openAccess   Extreme value theory as a theoretical background for power law behavior 

      Alfarano, Simone; Lux, Thomas Kiel Institute for the World Economy (2010)
      Power law behavior has been recognized to be a pervasive feature of many phenomena in natural and social sciences. While immense research efforts have been devoted to the analysis of behavioral mechanisms responsible for ...
    • closedAccess   Firm profitability and the network of organizational capabilities 

      Wagner, Friedrich; Milakovic, Mishael; Alfarano, Simone Elsevier (2010)
      A Laplace distribution for firm profit rates (or returns on assets) can be obtained through the sum of many independent shocks if the number of shocks is Poisson distributed. Interpreting this as a linear chain of events, ...
    • closedAccess   Testing for complementarity when strategies are dichotomous 

      Miravete, Eugenio J.; Pernías, José C. Elsevier (2010)
      We show that it is not possible to extend Arora (1996) reduced form test for the existence of complementarity to evaluate the relationship between a couple of dichotomous strategies as it leads to an incoherent simultaneous ...
    • closedAccess   Understanding the WTA-WTP gap: Attitudes, feelings, uncertainty and personality 

      Georgantzis, Nikolaos; Navarro Martínez, Daniel Elsevier (2010)
      We present an experiment designed to study the psychological basis for the willingness to accept (WTA)-willingness to pay (WTP) gap. Specifically, we conduct a standard WTA-WTP economic experiment to replicate the gap and ...
    • openAccess   The Driving Forces behind China’s Growth 

      Orts, Vicente; Herrerías Talamantes, María Jesús Wiley (2010)
      The main objective of this paper is to disentangling the determinants of the Chinese economic growth that occurred from 1965 to 2000. We have explored, first, the time series properties of the growth rates of GDP and labour ...
    • closedAccess   The stochastic component in choice and regression to the mean 

      García-Gallego, Aurora; Georgantzis, Nikolaos; Navarro Martínez, Daniel; Sabater-Grande, Gerardo Springer Science+Business Media (2010-06-16)
      In this article, we illustrate experimentally an important consequence of the stochastic component in choice behaviour which has not been acknowledged so far. Namely, its potential to produce ‘regression to the mean’ ...
    • openAccess   Is the Export-led Growth Hypothesis Enough to Account for China’s Growth? 

      Herrerías Talamantes, María Jesús; Orts, Vicente Wiley-Blackwell (2010-07-13)
      The purpose of the present paper is to analyze whether the expansion of the Chinese economy is based on an export-led growth effect or, on the contrary, Chinese development between 1964 and 2004 was driven by investment. ...
    • openAccess   Credit money and macroeconomic instability in the agent-based model and simulator Eurace 

      Cincotti, Silvano; Raberto, Marco; Teglio, Andrea Kiel Institute for the World Economy (2010-09-24)
      This paper investigates the interplay between monetary aggregates and the dynamics and variability of output and prices by considering both the money supplied by commercial banks as credit to firms and the fiat money created ...
    • openAccess   Unemployment and common smooth transition trends in central and eastern european countries 

      Cuestas, Juan Carlos; Ordóñez, Javier University of Nottingham. School of Economics (2011)
      In this paper we analyse whether the apparent comovement of unemployment rates for some of the Central and Eastern EU new members can be explained by a common force, possibly linked to the process of economic integration. ...
    • openAccess   Sector cultural y creativo y riqueza de las regiones: en busca de causalidades 

      Rausell Köster, Pau; Marco Serrano, Francisco; Abeledo Sanchis, Raúl Gobierno Vasco.Departamento de Economía y Hacienda (2011)
      El concepto de «industrias culturales y creativas» es relativamente reciente. Varios trabajos han tratado de relacionarlo con el bienestar de las regiones. Sin embargo, no hay una doctrina concluyente al respecto. En este ...
    • openAccess   Modelling the dynamics of market shares in a pooled data setting: econometric and empirical issues 

      Martinez-Zarzoso, Inmaculada Taylor & Francis (2011)
      The objective of this paper is twofold. First, it is to study the applicability of the widely used Autoregressive Distributed Lag Model (ARDL) in a pooled data setting. Second, it is to analyse Chile’s market shares in the ...