This study empirically investigates the presence of crowding out effects emerging from intra- developing country competition in export markets for manufactured goods. Export equations are estimated for a panel consisting of twenty major developing country exporters of manufactures, after...

This paper examines the role of inward foreign direct investment (FDI) in firm selection processes in the Slovenian manufacturing sector in the 1994-2003 period by assessing the impact of the entry and presence of foreign firms on a domestic firm’s probability of exiting. The results confirm...

We develop the barebones of a highly stylized theoretical endogenous growth model for analyzing the impact of R&D investment on long run growth. We use this framework to identify a structural vector autoregressive (SVAR) model on GDP growth, inflation and R&D investment, along with the...

En 2007, los países de la periferia europea disfrutaban de un crecimiento estable, y défi cits fi scales y primas de riesgo reducidos. Sin embargo, la crisis fi nanciera global empujó a estas mismas economías a profundas recesiones, aumentando sus défi cits públicos y volúmenes de deuda...

There has been an increasing demand for involving stakeholders in the development of sustainable civil infrastructure systems. It has been acknowledged that one key element of a project is stakeholder involvement. As such, failure to successfully involve the stakeholders of an infrastructure...

Este artículo analiza el problema de un planificador benevolente que desea controlar una población de agentes heterogéneos sujetos a perturbaciones idiosincrásticas. Esto es equivalente a un problema de control determinista en el que la variable de estado pertinente es la distribución de...

The paper attempts to shed light on the key drivers of consumer tipping behavior and reports the findings from an exploratory study aimed at addressing consumer motivations and their influence on consumers’ willingness to tip. When approaching the research issue, the phenomenon presents an...

Outsourcing can be defi ned as the delivery of public services by the private sector. The sign of the effect of outsourcing on public spending is ambiguous ex-ante. While outsourcing may reduce public spending through higher competition in the private sector, it may also increase public spending...

Summary of Banco de España Working Paper no. 1939