The aim of this paper is to analyse the role of human capital in the productivity gains of the OECD countries in the period 1965-90, breaking down the productivity gains into technical change and gains in efficiency. For this purpose we use both a stochastic frontier approach and a...

MAUDOS J., PASTOR J. M. and SERRANO L. (2000) Efficiency and productive specialization: an application to the Spanish regions, Reg. Studies 34, 829-842. This paper shows the importance of the composition of production (productive specialization) and sector inefficiencies when evaluating...

This paper studies the impact of the subprime crisis on the ratings issued by the rating agencies in evaluating the solvency of banks. After ascertaining a significant worsening of ratings after the crisis, the paper hypothesises the possibility that this worsening is due not exclusively to a...

This paper analyses the relationship between market structure and performance within the Spanish banking industry. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for inefficiency: half-normal, normal-truncated and exponential)....

MAS M., MAUDOS J., PEREZ F. and URIEL E. (1996) Infrastructures and productivity in the Spanish regions, Reg. Studies 30, 641-649. The aim of this paper is to analyse the role of public capital, the types of infrastructures in which it is invested and their territorial distribution in the gains...

From a model of imperfect competition among banking firms, this study derives an analytical expression that allows empirical quantification of the welfare loss associated with imperfect competition. Its application to the specific case of the European banking system shows that in spite of the...

The aim of this paper is to analyse the effect of financial development and banking competition on economic growth using both structural measures of competition (market concentration) and measures based on the new empirical industrial organization perspective (Panzar and Rosse`s test and the...