Assessing the assignation of public subsidies: Do the experts choose the most efficient R&D projects?

The implementation of public programs to support business R&D projects requires the establishment of a selection process. This selection process faces various difficulties, which include the measurement of the impact of the R&D projects as well as selection process optimization among projects with multiple, and sometimes incomparable, performance indicators. To this end, public agencies generally use the peer review method, which, while presenting some advantages, also demonstrates significant drawbacks. Private firms, on the other hand, tend toward more quantitative methods, such as Data Envelopment Analysis (DEA), in their pursuit of R&D investment optimization. In this paper, the performance of a public agency peer review method of project selection is compared with an alternative DEA method.

The Monetary policy rules and the inflation process in open emerging

This paper has three objectives. First, it aims at revealing the logic of interest rate setting pursued by monetary authorities of 12 new EU members. Using estimation of an augmented Taylor rule, we find that this setting was not always consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not only driven by backward persistency but also held a forward-looking component. Finally, we assess the viability of existing monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of PC is used for this purpose. We conclude that inflation targeting is preferable to an exchange rate peg because it allowed decreasing the inflation rate and anchored its volatility.

(Optimal) Spatial Aggregation in the Determinants of Industrial Location

Empirical studies on the determinants of industrial location typically use variables measured at the available administrative level (municipalities, counties, etc.). However, this amounts to assuming that the effects these determinants may have on the location process do not extent beyond the geographical limits of the selected site. We address the validity of this assumption by comparing results from standard count data models with those obtained by calculating the geographical scope of the spatially varying explanatory variables using a wide range of distances and alternative spatial autocorrelation measures. Our results reject the usual practice of using administrative records as covariates without making some kind of spatial correction. Keywords: industrial location, count data models, spatial statistics JEL classification: C25, C52, R11, R30

La vida d'un llibre: qui és en Pau?

Treball de recerca realitzat per una alumna d'ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit cientí­fic del Jovent l'any 2009.Es basa fonamentalment en l'anàlisi de les publicacions editorials, és a dir, el procés que segueix un llibre des que és acabat d'escriure fins que el trobem a les prestatgeries d'una llibreria. No obstant això, també aprofundeix en les alternatives de publicació que no són habituals i força desconegudes de cara al gran públic -encara que de mica en mica van guanyant terreny-, en les editorials catalanes més importants que publiquen literatura juvenil i en el mètode de treball d'un escriptor. Tot això enfocat des de la mateixa experiència pròpia: l'autor va decidir escriure una novel•la, va buscar una editorial interessada i va aconseguir-ho. En el treball s'hi explica pas a pas el procés d escriptura, el contacte amb Setzevents, la presentació de la novel•la a la llibreria Robafaves i els mètodes de difusió. A més consta de quatre annexos on hi apareixen una entrevista amb l'escriptor Rafael Vallbona, aclariments o notes a peu de pàgina i per acabar, fotografies que mostren moments de tota la vivència i parts rellevants del procés en general.