The empirics of spatial competition: evidence from European regions

The New Economic Geography literature allows detailed analysis of the factors that determine the location decisions of firms in integrated markets. However, the competitive process is modelled in a rather rudimentary way, and the empirical evidence has usually been obtained from reduced-form econometric specifications. This study describes a structural model that takes into account strategic interactions between firms. We investigate the relationship between the degree of perceived competition ¿ not only from local firms but from firms in other regions ¿ and geographic concentration. The preliminary results indicate that, in aggregate terms, local firms present stronger competition than firms in other regions. Moreover, it is confirmed that greater geographical concentration of production reduces market power, due to the intensification of local competition; however, its impact on production costs is unclear.

Estudio de la reaccion de sulfurizacion de precursores Cu/In para la formacion de capas delgadas policristalinas de CuInS2 para celulas solares

En este trabajo se presenta un estudio detallado de los procesos implicados en la sulfurización de capas metálicas de Cu-In para la fabricación de células solares de CuInS2. Con este objeto, se ha desarrollado un experimento de sulfurización parcial de las capas, que han sido sometidas posteriormente a un tratamiento de selenización. El estudio de estas estructuras mediante Espectroscopía Raman y Espectroscopía de Electrones Auger (AES) ha permitido conocer algunos de los detalles de la reacción química, en concreto la identificación del frente de crecimiento de la reacción de sulfurización. Paralelamente, se ha desarrollado un sistema experimental que ha hecho posible investigar in-situ la reacción de sulfurización por Espectroscopía Raman, lo cual ha permitido un seguimiento preciso de la evolución estructural del material durante el proceso. Los resultados experimentales demuestran que la reacción de sulfurización se inicia en la superficie de la capa, dando lugar a la formación de CuInS2, coexistiendo dos estructuras cristalinas polimórficas (calcopirita y orden catiónico CuAu). Posteriormente la reacción química continúa asistida por la difusión de los metales hacia la superficie, que reaccionan con la atmósfera de azufre, de forma simultánea se produce una transformación de la fase CuAu del compuesto en la estructura calcopirita.

Foreign trade traps in the european periphery: Spain, 1870-1913

In this article we research into the difficulties that foreign trade imposed onSpanish process of integration into the international economy in the years priorto the First World War. We start out by examining some features of the foreigntrade structure of the country. By means of an econometric analysis of importand export series, it is possible to observe the presence of a trend towards tradedeficit, which was in force when Spain grew at a rate similar to that of itstrading partners. We also check that, in the absence of these compensatorymechanisms, adjustment in foreign payments could be reached by means ofprotective measures and the exchange rate.

El desempleo español : factores estructurales

El paro es uno de los problemas más importantes de la economía española y del resto de economías europeas. Un posible análisis, ampliamente extendido en la literatura reciente, considera el desajuste existente entre la oferta y la demanda de trabajo como posible causante de esta situación. En este sentido, la relación empírica entre la tasa de paro y la tasa de vacantes, la denominada curva UV o de Beveridge, ofrece un instrumento para caracterizar el paro d'una economía determinada. Diferentes estudios, como por ejemplo, Jackman et. al. (1983) o Pissarides (1985) entre otros, consideran que los desplazamientos de la curva de Beveridge pueden interpretarse como variaciones del paro estructural. La identificación de estos desplazamientos puede dar información relevante para diseñar políticas económicas adecuadas. El principal objetivo de este trabajo es el de identificar los desplazamientos de la curva de Beveridge para la economía española durante el período 1978-96 utilizando datos anuales de la Encuesta de Población Activa (INE) y de Estadística de Empleo (INEM). Dado que ambas fuentes facilitan la información desagregada territorialmente, se puede construir un panel de datos regionales que permite analizar un amplio conjunto de factores que pueden explicar el desplazamiento de la curva, un posible cambio en la elasticidad de la tasa de paro respeto a la tasa de vacantes, así como también valorar la existencia de diferentes comportamientos regionales en el proceso de emparejamiento de trabajos con trabajadores

Were Spanish migrants attracted by industrial agglomerations?: an analysis for the interwar years in the light of the new economic geography

In this paper we examine whether access to markets had a significant influence onmigration choices of Spanish internal migrants in the inter-war years. We perform astructural contrast of a New Economic Geography model that focus on the forwardlinkage that links workers location choice with the geography of industrial production,one of the centripetal forces that drive agglomeration in the NEG models. The resultshighlight the presence of this forward linkage in the Spanish economy of the inter-warperiod. That is, we prove the existence of a direct relation between workers¿ localizationdecisions and the market potential of the host regions. In addition, the direct estimationof the values associated with key parameters in the NEG model allows us to simulatethe migratory flows derived from different scenarios of the relative size of regions andthe distances between them. We show that in Spain the power of attraction of theagglomerations grew as they increased in size, but the high elasticity estimated for themigration costs reduced the intensity of the migratory flows. This could help to explainthe apparently low intensity of internal migrations in Spain until its upsurge during the1920s. This also explains the geography of migrations in Spain during this period,which hardly affected the regions furthest from the large industrial agglomerations (i.e.,regions such as Andalusia, Estremadura and Castile-La Mancha) but had an intenseeffect on the provinces nearest to the principal centres of industrial development.

The empirics of spatial competition: evidence from European regions

The New Economic Geography literature allows detailed analysis of the factors that determine the location decisions of firms in integrated markets. However, the competitive process is modelled in a rather rudimentary way, and the empirical evidence has usually been obtained from reduced-form econometric specifications. This study describes a structural model that takes into account strategic interactions between firms. We investigate the relationship between the degree of perceived competition ¿ not only from local firms but from firms in other regions ¿ and geographic concentration. The preliminary results indicate that, in aggregate terms, local firms present stronger competition than firms in other regions. Moreover, it is confirmed that greater geographical concentration of production reduces market power, due to the intensification of local competition; however, its impact on production costs is unclear.

Towards a theory of the credit-risk balance sheet (II). The evolution of its structure

This article has an immediate predecessor, upon which it is based and with which readers must necessarily be familiar: Towards a Theory of the Credit-Risk Balance Sheet (Vallverdú, Somoza and Moya, 2006). The Balance Sheet is conceptualised on the basis of the duality of a credit-based transaction; it deals with its theoretical foundations, providing evidence of a causal credit-risk duality, that is, a true causal relationship; its characteristics, properties and its static and dynamic characteristics are analyzed. This article, which provides a logical continuation to the previous one, studies the evolution of the structure of the Credit-Risk Balance Sheet as a consequence of a business¿s dynamics in the credit area. Given the Credit-Risk Balance Sheet of a company at any given time, it attempts to estimate, by means of sequential analysis, its structural evolution, showing its usefulness in the management and control of credit and risk. To do this, it bases itself, with the necessary adaptations, on the by-now classic works of Palomba and Cutolo. The establishment of the corresponding transformation matrices allows one to move from an initial balance sheet structure to a final, future one, to understand its credit-risk situation trends, as well as to make possible its monitoring and control, basic elements in providing support for risk management.

Extending the Kuznets Curve

[cat] Les darreres dècades s’han caracteritzat per un intens augment de les desigualtats salarials a nivell mundial. Aquest article allarga la hipòtesi clàssica de la Corba de Kuznets per cobrir les economies post-industrials i tractar d’explicar aquest fenomen. Segons la hipòtesi de la Corba de Kuznets Allargada, les desigualtats salarials podrien evolucionar segons una corba en forma d’N. La U-inverida d’aquesta corba seria deguda al procés de canvi estructural que acompanya a un procés de industrialització. I l’extrem dret de la mateixa, associada al creixement explosiu de la formació de capital humà en les economies modernes i post-industrials. En aquest sentit, els principals candidats per explicar el recent augment de les desigualtats: el canvi tècnic esbiaixat a favor del treball qualificat, la globalització (comerç i migracions) i els factors institucionals, estarien ja incorporats en l’evolució de la composició de la força de treball en termes de qualificacions. La limitada evidència empírica sobre aquest tema, tendeix a donar suport a la Corba de Kuznets Allargada.

Specialisation in Europe and asymmetric shocks: potential risks of EMU

Most optimistic views, based on Optimum Currency Areas (OCA) literature, have concluded that the probability of asymmetric shocks to occur at anational level will tend to diminish in the Economic and Monetary Union (EMU)as a result of the intensification of the integration process during the most recent years. Therefore, since Economic Geography Theories predict a higherspecialisation of regions, it is expected that asymmetric shocks will increase.Previous studies have examined to what extent asymmetric shocks have been relevant in the past using, mainly, static measures of asymmetries such as the correlation coefficients between series of shocks previously calculated from astructural VAR model (Bayoumi and Eichengreen, 1992).In this paper, we study the evolution of manufacturing specific asymmetries in Europe from a dynamic point of view (applying the modelproposed by Haldane and Hall, 1991) in order to obtain new evidence about potential risks of EMU.

Level shifts in a panel data based unit root test : an application to the rate of unemployment

Several unit root tests in panel data have recently been proposed. The test developed by Harris and Tzavalis (1999 JoE) performs particularly well when the time dimension is moderate in relation to the cross-section dimension. However, in common with the traditional tests designed for the unidimensional case, it was found to perform poorly when there is a structural break in the time series under the alternative. Here we derive the asymptotic distribution of the test allowing for a shift in the mean, and assess the small sample performance. We apply this new test to show how the hypothesis of (perfect) hysteresis in Spanish unemployment is rejected in favour of the alternative of the natural unemployment rate, when the possibility of a change in the latter is considered.

Los depósitos aluviales sintectónicos de la Pobla de Segur: alogrupos y su significado tectonoestratigráfico

El análisis estratigráfico y estructural de los conglomerados finieocenos y oligocenos de La Pobla de Segur (Formación de Collegats) localizados en los Pirineos centrales, ha permitido correlacionar diferentes episodios de sedimentación y de estructuración tectónica. Los materiales que constituyen el relleno de la cuenca intramontañosa de La Pobla de Segur (facies de abanico aluvial y deltaico, con intercalaciones lacustres subordinadas) reposan discordantemente sobre un substrato Mesozoico previamente deformado y estan organizados en una serie de cuñas clásticas que alcanzan un espesor acumulativo mínimo de 3500 m. El reconocimiento de superficies de discontinuidad, cartografiables a lo largo de toda la cuenca, ha permitido la definición de 5 alogrupos (Pessonada, Ermita, Pallaresa, Senterada y Antist) que a su vez pueden subdividirse en aloformaciones o secuencias. Las relaciones estructurales entre el suhstrato y los depósitos aluviales han permitido establecer la cronologia de la deformación compresiva tardía que afectó a este sector de la cadena sur-pirenaica y precisar el orígen claramente tectónico de las discontinuidades que constituyen los límites de los alogrupos.

Origin of a restraining bend in an evolving strike-slip system: The Cenozoic As Pontes basin (NW Spain)

The As Pontes basin (12 km2), NW Iberian Peninsula, is bounded by a double restraining bend of a dextral strike-slip fault, which is related to the western onshore end of the Pyrenean belt. Surface and subsurface data obtained from intensive coal exploration and mining in the basin since the 1960s together with additional structural and stratigraphic sequence analysis allowed us to determine the geometric relationships between tectonic structures and stratigraphic markers. The small size of the basin and the large amount of quality data make the As Pontes basin a unique natural laboratory for improving our understanding of the origin and evolution of restraining bends. The double restraining bend is the end stage of the structural evolution of a compressive underlapping stepover, where the basin was formed. During the first stage (stepover stage), which began ca. 30 Ma ago (latest Rupelian) and lasted 3.4 My, two small isolated basins bounded by thrusts and normal faults were formed. For 1.3 My, the strike-slip faults, which defined the stepover, grew towards each other until joining and forming the double restraining bend, which bounds one large As Pontes basin (transition stage). The history of the basin was controlled by the activity of the double restraining bend for a further 3.4 My (restraining bend stage) and ended in mid-Aquitanian times (ca. 22 Ma).

Evolución tectonoestratigráfica de los Catalánides

Proposem una divisió dels Catalanids en unitats que reflecteixen un comportament paleogeografic i estratigrafic diferent durant l'etapa preorogenica (Mesozoic) i un de tectonic relativament diferenciat durant l'etapa compressiva (Paleoge). Distingim els sectors (extern, intermedi i intern) limitats per falles de sbcol longitudinals, paral.leles a la serralada, la majoria de les quals es concentra en una zona que separa els sectors extern i intern. En aquesta zona (sector intermedi) s'hi atasconen les unitats litoestratigrafiques mesozoiques. Aquest atasconament, conjuntament amb la reactivació de les fractures profundes, és el responsable, durant l'etapa compressiva, de la localització en el sector intermedi dels fronts de les principals estructures d'encavalcament. També distingim les unitats que hem anomenat domini; (septentrional, central i meridional), que estan limitades per fractures transversals a la serralada. Així, doncs, les unitats queden limitades per dos sistemes de fractures de sòcol aproximadament ortogonals.

El influjo de la "sociedad del conocimiento" en la universidad. O sobre el vértigo del cambio

En los últimos tiempos, parece estar ya fuera de toda duda la complejidad de la situación en la que se halla la institución universitaria. Con el objeto de responder adecuadamente a los desafíos que le presenta la sociedad del conocimiento, la universidad debe concluir una reforma iniciada hace algunas décadas; un cambio estructural profundo del que el proceso de Bolonia es sólo una de las facetas, si bien quizá la más llamativa. La creciente aceleración del cambio, que sí constituye un fenómeno más reciente, ha subrayado todavía más si cabe la necesidad y la urgencia del proceso, y confiere sentido a trabajos como el presente. Este artículo pretende contribuir al esclarecimiento de la reforma destacando algunos de los aspectos principales de su vertiente económica, tal y como ésta se presenta a escala europea. Además, y para compensar la más amplia divulgación del proceso de Bolonia, se ha considerado en particular las características de tal reforma en el modelo de investigación universitaria.

Foreign trade traps in the european periphery: Spain, 1870-1913

In this article we research into the difficulties that foreign trade imposed onSpanish process of integration into the international economy in the years priorto the First World War. We start out by examining some features of the foreigntrade structure of the country. By means of an econometric analysis of importand export series, it is possible to observe the presence of a trend towards tradedeficit, which was in force when Spain grew at a rate similar to that of itstrading partners. We also check that, in the absence of these compensatorymechanisms, adjustment in foreign payments could be reached by means ofprotective measures and the exchange rate.