On the forecast accuracy and consistency of exchange rate expectations: The Spanish PwC Survey.

We examine the predictive ability and consistency properties of exchange rate expectations for the dollar/euro using a survey conducted in Spain by PwC among a panel of experts and entrepreneurs. Our results suggest that the PwC panel have some forecasting ability for time horizons from 3 to 9 months, although only for the 3-month ahead expectations we obtain marginal evidence of unbiasedness and efficiency in the forecasts. As for the consistency properties of the exchange rate expectations formation process, we find that survey participants form stabilising expectations in the short-run and destabilising expectations in the long- run and that the expectation formation process is closer to fundamentalists than chartists.

Foreign MNEs and domestic innovative capabilities: are there conditions for reverse spillovers in the spanish industry?

We analyse, over 2004-2008, a sample of approximately 700 foreign subsidiaries and 4,500 domestic firms located in Spain in order to understand the relationship between local R&D cooperation and innovativeness of the firm. Our ultimate objective is to understand whether foreign subsidiaries are likely to make a contribution to local innovative capabilities or if, conversely, they may eventually benefit from conditions for reverse spillovers. Using a variety of specifications for the innovation-related activities of the firm, we find that foreign subsidiaries are more cooperative than the average firm located in Spain, but not necessarily more than affiliated domestic firms (entrepreneurial groups). However, foreign subsidiaries are more cooperative than affiliated domestic firms in sectors considered highly dynamic by international technological standards, whether Spain has a technical advantage in these specific sectors or not. When we focus on companies which are more innovative than the two-digit industries in which they operate, we find that foreign subsidiaries tend to be more cooperative than domestic firms in sectors where Spain displays technological advantage. These sectors comprise traditional industries displaying little innovation dynamism from an international point of view. This finding suggests that there may be conditions for reverse spillovers in these specific Spanish sectors (though measuring them is beyond the objectives of this paper).

Import competition from China and unemployment. An analysis using Spanish workers’micro-data.

In the period 1997-2011, import competition from China multiplied by five in the Spanish manufacturing sector. In this paper we analyze whether this severe increase in import competition from China is associated with a higher probability of becoming unemployed in the Spanish manufacturing sector. Linking industry-level data on imports with the working histories of 141,000 manufacturing workers, we show that import competition from China is positively associated with the probability of becoming unemployed. In particular, a standard deviation increase in import competition from China raises the probability of becoming unemployed between 0.8 and 3.5 percentage points, which represents between a 9% and a 44% increase relative to the unconditional probability of becoming unemployed. In contrast, we do not find any effect of import competition from China on manufacturing wages. Also, our estimations show that there is weak evidence of a positive association between a higher import competition from China and the probability of switching to an employment outside the manufacturing sector.

Relationship between taxocenoses of decapod crustaceans and characteristics of coastal detritic bottoms in the east and southeast of the Spanish coast

Se ha estudiado la composición de las poblaciones de crustáceos decápodos en los fondos detríticos circalitorales del Este y Sureste ibérico, con relación a sus diferentes facies, efectuándose diferentes análisis estadísticos sobre la composición y diversidad. La taxocenosis de crustáceos decápodos muestra elevados valores de abundancia, riqueza y diversidad en las localidades identificadas como fondos detríticos costeros de aspecto típico. Por último, algunos grupos de especies podrían ser utilizados para caracterizar las biocenosis típica de fondos detríticos costeros, tales como: Paguristes eremita, Ebalia edwardsi, E. deshayesi, Eurynome aspera, Galathea intermedia, Parthenope massena, y Anapagurus hyndmani; la biocenosis del detrítico costero enfangada: Ebalia tuberosa, Atelecyclus rotundatus, Ethusa mascarone, y Liocarcinus zariquieyi; y la biocenosis de arenas fangosas: Upogebia deltaura, Goneplax rhomboides.

Overexploitation, malnutrition and stigma in a woman's illness: chlorosis in contemporary Spanish medicine (1877-1936)

The work was financed by the Project: 'Antecedentes históricos de la nutrición comunitaria en España: los primeros intentos de institucionalización, 1923-1947' (HUM2005-04961-C03-01).

Recognizing and tagging temporal expressions in Spanish

This paper shows a system about the recognition of temporal expressions in Spanish and the resolution of their temporal reference. For the identification and recognition of temporal expressions we have based on a temporal expression grammar and for the resolution on an inference engine, where we have the information necessary to do the date operation based on the recognized expressions. For further information treatment, the output is proposed by means of XML tags in order to add standard information of the resolution obtained. Different kinds of annotation of temporal expressions are explained in another articles [WILSON2001][KATZ2001]. In the evaluation of our proposal we have obtained successful results.