How has the process of international economic integration advanced over the last four decades? How will the foreseeable future look like? We attempt to answer this sort of questions by considering some methods which have scarcely been used in the literature on globalization. First, we consider a...

This article features a set of indicators designed to measure international economic integration and globalization. We analyze the degree of openness and the respective networks of connections---both direct and indirect---for each economy in our sample. Our indicators are based on network...

The aim of this article is to develop new international financial integration indicators together with their determinants: financial openness and regularity (balance) of the bilateral financial flows. The study's contribution is based on the definition of the Standard of Perfect Financial...

Over the last two decades, the degree of international financial integration has increased substantially, becoming an important area of research for many financial economists. This paper explores the determinants of the asymmetries in the international integration of banking systems. We consider...

One of the most remarkable features of globalization is the boost undergone by international trade triggered off by advances in technology that have contributed to reduce the cost of trade (e.g., transportation and communication costs). Under these circumstances, the importance of distance...

This paper reviews the experience of sustained growth in Spain and those countries belonging to the G7 in light of Kaldor’s stylized facts, as well as the process of Spain’s convergence towards the most developed countries. We analyze sources of growth over the extensive period of 1970-2001,...

El trabajo revisa la experiencia de crecimiento de las regiones españolas durante el periodo 1955-2000, ampliando los resultados ya conocidos en tres direcciones. En primer lugar, describe los perfiles de la localización de la actividad sobre el territorio, constatandoel freno a la...

Using new sectoral data on Spanish capital stock, real investment and credit we check for the presence of bank preferences for lending to particular branches of the economy. We show that these subsectors share specific characteristics in the levels and components of their cost of use of capital....

The article analyses the evolution of the differences in economic conditions among Spanish regions from the perspective provided by the recent advances made in economic growth empirics. Although convergence is usually established in terms of Gross Value Added (GVA) per capita, in the case of...

The aim of this paper is to analyze the process of integration and competition in European financial markets. We explore the obstacles or barriers which hinder this process, as well as the main drivers and initiatives which have been implemented to move financial integration forward. According...