This paper investigates whether and to what extent nonreciprocal preference regimes have increased developing countries' exports to richer countries. Moreover, it analyzes how they have affected donors' exports to beneficiary countries. Using recent developments in the econometric analysis of...

The relationship between geography and trade is a central topic in international economics. This paper investigates the potential existence of a continental bias in world trade flows on a sample of 182 countries over the period 1990-2006. Using traditional estimation techniques and recent...

This study re-examines the impact of corruption on international trade accounting for both inter- and intra-national flows in line with the latest advances in the gravity equation literature. Using a wide sample of countries for the period 1995-2017, our results show that the non-inclusion of...

In this paper, we propose a new methodology for the assessment of EU’s regional policies, making use of the HERMIN macro econometric model. A major feature of our approach is that allows us to compare the actual evolution of the economy under analysis, with and without European funds, so that...

This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth nexus across countries and the factors underlying it. In the first step, the grouped fixed effects (GFE) estimator proposed by Bonhomme and Manresa (2015) is used to...

Using a unique database, this paper examines the interconnection among stress indicators of the Spanish financial markets during the period of January 1999 to April 2021, applying both the connectedness framework and the Time-Varying Parameter Vector Autoregressive connectedness approach. Our...