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Interest rate setting at the ECB: Individual preferences and collective decision making
(Elsevier, 2011)
We investigate whether the members of the Governing Council of the European Central Bank take into account the specific economic conditions of their states of origin, to set the interest rates for the euro area. Testing ...
Equilibrium dynamics in the neoclassical growth model with habit formation and elastic labor supply
(Scientific Research Publishing, 2012)
This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences and elastic labor supply. Habits enter into utility in a multiplicative way. The specification of the habit ...
Optimal R&D subsidies in a model with physical capital, human capital and varieties
(Elsevier, 2013)
[Abstract] In this paper, we analyze the social planner solution of an endogenous growth model with physical capital, human capital and R&D. The model incorporates three sources of inefficiency: monopolistic competition ...
Why do empirical tests tend to accept the NEG?- An alternative approach to the 'wage equation' in European regions
(Asociación Española de Economía y Finanzas Internacionales (AEEFI), 2015-10)
[Abstract]This paper posits a new approach to the ‘wage equation’ of the New Economic Geography (NEG) stressing the uncertain interpretation of its empirical results. It emphasizes the generality of the variable to be ...
The transitional dynamics of an endogenous growth model: Generalizing production functions
(De Gruyter, 2012)
This paper devises a class of endogenous growth models with physical capital, human capital and product varieties. Unlike previous literature, we introduce a general specification of production that allows for disentangling ...
A generalized NEG wage-type equation
(Cambridge Scholars Publishing, 2015-10-01)
[Abstract]: This chapter discusses several controversial issues of the New Economic Geography (NEG) theory, focusing on some problems of interpretation regarding the estimation results of a wage equation. In order to do ...
Market potential and the curse of distance in European regions
(University Library of Munich, 2014-06)
[Abstract] In the context of the New Economic Geography (NEG) wage equation, the ‘curse of distance’ is the tendency of peripheral regions to have lower income because of being far from the main markets, as captured by a ...
Phases of Economic Development: Do Initial Endowments Matter?
(De Gruyter, 2012)
[Abstract] Different industrializing experiences beginning on innovation or education could be explained not only by different structural parameters or policies but also by differences in factor endowments. In this paper, ...
What’s Happening to the European Electricity Market?
(International Strategic Management Association, 2012)
[Abstract] This paper deals with market power and information issues in the ongoing process of the European Electricity Market. We present a regulatory game played among the key group of utilities, the customers and the ...
Política tecnológica y cooperación en I+D: una visión a través de un modelo formal
(Universidad Nacional Autónoma de México, 2015)
[Resumen] La mayor parte de la literatura empírica ha mostrado que el apoyo público a las actividades de I+D empresariales estimula la cooperación. Sin embargo, no hay un modelo formal que estudie la relación entre la ...