Government-owned investment vehicles or Sovereign Wealth Funds (SWFs) are emerging as relevant players in global financial markets. Their rapid increase in size and asset range has captured considerable attention as capital flows now shift from emerging to developed economies. The goal of this...

This note introduces a new monotonicity property for sequencing situations. A sequencing rule is called drop out monotonic if no player will be worse off whenever one of the players decides to drop out of the queue before processing starts. This intuitively appealing property turns out to be...

Este trabajo analiza el efecto que tienen las bonanzas temporales de recursos sobre la industria a nivel mundial, con énfasis en América del Sur. Las principales conclusiones del trabajo son las siguientes: primero, estamos atravesando una “bonanza de bonanzas” a nivel mundial y...

This note introduces a new monotonicity property for sequencing situations. A sequencing rule is called drop out monotonic if no player will be worse off whenever one of the players decides to drop out of the queue before processing starts. This intuitively appealing property turns out to be...

Spain has traditionally been known as a country of emigrants. However, in the last decade, Spain has experienced an unprecedented boom of immigration from three localized areas: Latin America, Africa and East Europe. In this paper, we study the behaviour of recent immigrants in the Spanish...

Recent empirical evidence for the US economy suggests that job matches created during economic expansions turn out to be of better quality than job matches created during economic recessions. We discuss different measures of job mismatching for the Spanish labour market: (i) measures based on...

The purpose of this pape ris to analyze the relationship between trade and agglomeration in the case of cities located far from the coast. In a modified version of the Krugman and Elizondo model, trade should make industries move to the coast in order to reduce internal freight costs. However,...