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R&D and Growth in the Spanish Regions
This paper intends to analyze some features about R&D activities in the recent past in Spain, at the national and regional level. The comparison of some R&D indicators from Spain and other developed countries suggests that Spain is lagging behind especially in terms of the allocation of resources to R&D from the business sector and also in generation of patents. As far as regional behavior is concerned, R&D is concentrated in several regions which are at a remarkable distance from the rest. Finally, we estimate a panel data model linking economic growth to R&D indicators and other variables for the Spanish regions over the years 1995-2008. Main results suggest that total R&D intensity has a positive impact on growth. When R&D is disaggregated according to the type of investor, business R&D has a positive and significant impact on growth. The impact of public and university R&D activities are not significant.
Economic Growth and Inequality in Latin-American Countries
This paper explores the connection between inequality and economic growth. First, it designs an endogenous theoretical model of economic growth that predicts a quadratic relationship between the degree of inequality and the growth rate of the economy. In addition, we test the theoretical model empirically employing a panel data encompassed by a representative sample of Latin-American economies from 1975 to 1995. Our results support the existence of a quadratic relationship between the income inequality (proxied by the Gini index) and the rate of growth of the economies. Moreover, the empirical evidence underlies the necessity of an important investment in infrastructure in less developed countries, absolutely essential to obtain the "social capacity" (Abramovitz, 1986) necessary to foster the growth rate of income.
Political Economy Research Focus
Contemporarily, political economy refers to different, but related, approaches to studying economic and political behaviours, ranging from the combining of economics with other fields, to the using of different, fundamental assumptions that challenge orthodox economic assumptions. Political economy most commonly refers to interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system -- capitalist, socialist, mixed -- influence each other. When narrowly construed, it refers to applied topics in economics implicating public policy, such as monopoly, market protection, government fiscal policy, and rent seeking. This book presents the newest research in the field.
Quantitative Methods for Economics and Finance
This book is a collection of papers for the Special Issue “Quantitative Methods for Economics and Finance” of the journal Mathematics. This Special Issue reflects on the latest developments in different fields of economics and finance where mathematics plays a significant role. The book gathers 19 papers on topics such as volatility clusters and volatility dynamic, forecasting, stocks, indexes, cryptocurrencies and commodities, trade agreements, the relationship between volume and price, trading strategies, efficiency, regression, utility models, fraud prediction, or intertemporal choice.
Infrastructure Investment and Growth
This paper explores empirically the relationship between infrastructure and economic growth by including the data of expenditure in infrastructure as a share of GDP in traditional growth cross-country regressions. Since results are inconclusive, the paper elaborates some new indicators of investment in infrastructure employing physical units of infrastructure. They are positively and significantly correlated with growth in two different samples of countries.
Handbook of Latin American Studies, Vol. 61
"The one source that sets reference collections on Latin American studies apart from all other geographic areas of the world.... The Handbook has provided scholars interested in Latin America with a bibliographical source of a quality unavailable to scholars in most other branches of area studies." —Latin American Research Review Beginning with volume 41 (1979), the University of Texas Press became the publisher of the Handbook of Latin American Studies, the most comprehensive annual bibliography in the field. Compiled by the Hispanic Division of the Library of Congress and annotated by a corps of more than 140 specialists in various disciplines, the Handbook alternates from year to year b...
Macroeconomics and Beyond
This book contains 20 essays on macroecomics.
Producing Security
Scholars and statesmen have debated the influence of international commerce on war and peace for thousands of years. Over the centuries, analysts have generally treated the questions "Does international commerce influence security?" and "Do trade flows influence security?" as synonymous. In Producing Security, Stephen Brooks maintains that such an overarching focus on the security implications of trade once made sense but no longer does. Trade is no longer the primary means of organizing international economic transactions; rather, where and how multinational corporations (MNCs) organize their international production activities is now the key integrating force of global commerce. MNC strate...
Foreign Direct Investment, Economic Freedom and Growth
This paper explores empirically the interplay between economic freedom, Foreign Direct Investment (FDI) and growth. We pursue a panel data analysis on a sample of 18 Latin-American countries over the period 1970-1999. Basic findings are two: First, economic freedom in the host country is found to be a positive determinant of FDI inflows into that nation. Second, FDI is positively correlated with economic growth in the host countries of the sample considered. We attribute this empirical regularity to the idea that FDI may help the process of technological diffusion from leaders to developing countries. The empirical analysis also points out to the need of a certain level of social capacity in the host country to benefit from the entrance of FDI.
