One of the most obvious consequences of a monetary union is that monetary policy is lost as an instrument of national macroeconomic policy. The loss of the exchange rate as a national policy instrument has important implications for macroeconomic stability in the presence of asymmetric shocks,...

In a big amount of economies (NUTS-I) the evolution of manufacturing production is analysed using Gross Domestic Product (GDP) and Gross Added Value (GAV) data from National Accounts. In Spain, the problem of using these data is that they are not available as soon as it would be desirable. In...

This work intends to analyse the influence that several aspects internal to the firm have on the firms? innovative output. Although the theoretical model is based in the literature on innovation, it pays special attention on the impact of ownership structure, as stated by the theory of the...

Although there are hundreds of works using PISA microdata to analyse the determinants of educational outcomes, only a few of them have considered the relevance of geography. In this paper, we focus on the analysis of differences in educational outcomes between students in rural and urban...

In the last decade, different studies have empirically tested the existence or not of a positive relationship between local human capital stock and regional productivity. The most usual finding has been a positive correlation among them. However, different authors do not agree when explaining...