Espasa and Mayo-Burgos (2013) provide consistent forecasts for an aggregate economic indicator and its basic components as well as for useful sub-aggregates. To do this, they develop a procedure based on single-equation models that includes the restrictions arisen from the fact that some...

Marshall, los Webb y Schumpeter, tres grandes nombres de la historia del pensamiento económico, viajaron a Estados Unidos en distintos momentos de la llamada Época Dorada del capitalismo, entre comienzos del último tercio del siglo XIX y la Gran Guerra. Este periodo coincidió con la fase de...

The economic image of the seventeenth century Spain: The foreign look versus the viwof the Arbitristas This paper compares the economic image of the seventeenth century Spain we received from the foreign travelers with that offered by the arbitristas, examining the main similarities and...

By the mid-nineteenth century, along with other network infrastructurestypical of the Second Industrial Revolution, began to take shape the modern system of water supply. The purpose of this paper is to examine the major economic ideas surrounding the beginnings of this new urban service in...

This paper estimates how demographic changes in the composition of the labor force affect the unemployment rate in the U.S. In addition to the effect coming from changes in the weights of the individual groups comprising the total, the impact of compositional changes on the individual...

Macroeconomics has been dominated over the last four decades by the Rational Expectations Hypothesis (REH) which implies that economies are inherently stable. REH is a key element of the New Neoclassical Synthesis (NNS) macroeconomic model which has also played a dominant role in theory and...

En este trabajo se realiza un análisis comparado de los sistemas de rentas mínimas autonómicas en España con los programas de garantía de rentas en los demás países de la Unión Europea. Estos programas constituyen, dentro del amplio abanico de gastos sociales, los más directamente...

En este trabajo se contrasta la hipótesis de endogeneidad monetaria en la economía española durante el período 1980-2012 desde un enfoque kaleckiano. Se aporta evidencia de las fluctuaciones y oscilaciones cíclicas de los agregados monetarios y el volumen de crédito bancario, junto con las...

Firms’ bankruptcy is a problem not only related to companies but also affects social welfare. Analysing a matched sample of bankrupt and healthy unlisted companies from a code law institutional setting (Spain), this paper has three main objectives: it aims to demonstrate that bankrupt firms...

This paper analyses the relationship between innovation and employment for Spanish manufacturing firms with data from Panel of Technological Innovation between 2004 to 2010. Following the model developed by Harrison et al. (2008), the results provide empirical evidence about the existence of...