Browsing by UPNA Author "Bajo Rubio, Óscar"
Now showing items 1-20 of 20
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Asymmetry in the EMS: new evidence based on non-linear forecasts
In this paper we provide new evidence on the hypothesis of German leadership and asymmetric performance in the EMS, in the framework of causality tests, using daily data. Given the evidence about non-linearity in financial ... -
Las cotizaciones sociales en España y la Unión Europea: simulando algunas posibles reformas
En este trabajo se analizan los efectos de una reducción de las cotizaciones sociales a cargo de los empresarios, acompañada o no de un incremento en los tipos de los impuestos indirectos, utilizando la metodología del ... -
Efectos de cambios impositivos en un modelo de equilibrio general aplicado: un análisis de la reforma de 1995
En este trabajo se analizan los efectos de una disminución de los tipos de las cotizaciones sociales, compensada con un incremento en los tipos del impuesto sobre el valor añadido, como la que tuvo lugar en España en 1995. ... -
¿Es sostenible el sistema de Seguridad Social en España? Situación actual y perspectivas
En este trabajo se analiza la sostenibilidad del sistema de la Seguridad Social en España. Para ello se examinan los principales componentes de los ingresos y gastos del sistema que han caracterizado su evolución en los ... -
¿Existe un efecto Fisher en el largo plazo? Evidencia para la economía española, 1962-1996
En este trabajo se contrasta empíricamente el cumplimiento del efecto Fisher a largo plazo para el caso español, utilizando datos trimestrales para el periodo 1962-1996. Para ello se utilizan nuevas técnicas de raíces ... -
Fiscal policy and growth revisited: the case of the Spanish regions
This paper presents an assessment of the effects of fiscal policy on economic growth. Starting from a theoretical model in which only those fiscal policy instruments presumed to strictly influence the production process ... -
Foreign direct investment and trade: a causality analysis
We analyse in this paper the relationship between outward FDI and exports, with Spanish quarterly data for the period 1977-1992. The empirical methodology makes use of Granger-causality tests in a cointegration framework, ... -
A further generalization of the Solow growth model: the role of the public sector
We develop in this paper an augmented version of the Solow (1956) growth model, including the role of government. The model leads to a non-monotonic relationship between the rate of growth of per capita output and government ... -
A general framework for the macroeconomic analysis of monetary unions
The objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the ... -
An industry analysis of foreign direct investment in Spanish manufacturing, 1986-1992
This paper tries to analyse the main features associated with foreign direct investment (FDI) directed to Spanish manufacturing, both across industries and through time. To this end, we will make use of a data set on 20 ... -
Inequality foundations of concentration measures: an application to the Hannah-Kay indices
In this paper we provide a connection between concentration and inequality by showing that the inequality measures consistent with the whole class of Hannah-Kay concentration indices are the general entropy inequality ... -
Insurance mechanisms against asymmetric shocks in a monetary union: an application to the European Monetary Union
In this paper we offer a proposal of an automatic insurance mechanism designed to cope with asymmetric shocks in a monetary union. The mechanism would take as indicator the changes in the unemployment rate of the countries ... -
Monetary and fiscal policies in dynamic models of the open economy
This paper discusses the relative effectiveness of monetary and fiscal policies in a series of dynamic models of the open economy, by embodying in a unified general framework some different assumptions previously stated ... -
A multi-country analysis of austerity policies in the European Union
We analyse the global effects from the austerity policies recently implemented in the EU, by developing an extension of the GTAP general equilibrium model. The extended model incorporates a new specification of the trade ... -
On the insurance function of fiscal policy in a monetary union
In this paper we first review the available literature on the degree of insurance against shocks, provided by the central budget in the federal systems already existing. Next, we discuss the main points raised on the debate ... -
Provision of public health services and sustainable development: evidence for 12 emerging countries
In this paper, we quantify the effects of an increase in the public provision of health services in a set of 12 emerging economies (i.e., Brazil, Chile, China, Colombia, India, Kazakhstan, Mexico, Morocco, Peru, Russia, ... -
Reducing social contributions on unskilled labour as a way of fighting unemployment: an empirical evaluation for the case of Spain
In this paper we provide an empirical evaluation of the effects of a cut in social security contributions (i) for all types of labour, and (ii) only for unskilled labour, within a computable general equilibrium model ... -
The role of country size and returns to scale in empirical assessments of economic integration: the case of Spain
Empirical assessments of trade policy in single-country models have addressed extensively the assumption of increasing returns to scale versus constant returns to scale, but the alternative assumption of small open economy ... -
Simulating the effects of the European singles market: a CGE analysis for Spain
In this paper we provide an empirical assessment of two of the measures proposed in the context of the European Single Market, namely, easing the provision of domestic and foreign services, and modifying the rules of public ... -
There was monetary autonomy in Europe on the eve of EMU? The German dominance hypothesis reexamined
In this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest ...