Suchergebnisse

At the present time, controversy still surrounds the importance of the financial integration of markets and its possible consequences. The fact that the economy is more global means that countries are more interdependent on each other. This brings new advantages, but also entails new dangers for countries. In this paper we study one of these dangers: financial contagion in times of crisis. In general terms, this is understood as the transmission or propagation of disturbances between the financial markets of different countries. However, this debate on the benefits and risks of economic interdependence also draws attention to problems that are both very old and very new. The problems are new because of the impact of globalization, but old because they are based on economic and political visions and ideologies that always remain the same. In this paper we present new ideas on the current debate on financial contagion. Specifically, we identify the economic variables that represent the crises in the Thai, Russian and Brazilian cases. We ask whether the cause of contagion between countries is the fact that their main macro economic magnitudes or economic fundamentals are at critical levels (commonly considered as the fundamentals of countries), or if, on the other hand, contagion between countries takes place due to trade and financial links and political or regional effects. Various methodological approaches have been used to explore the existence of contagion and the relative importance of the possible channels of transmission of crises (or channels of contagion). In recent years authors have sought to identify the econometric techniques that are best suited to conducting this kind of analysis. Indeed, one of the innovations of this paper is its implementation of Spatial Econometrics as a mechanism for assessing contagion. Unlike the other methodologies used, Spatial Econometrics allows an expression of international relations under explicit dynamic-spatial assumptions. Surprisingly, this technique has not been used previously for the analysis of contagion, and indeed few authors have used it in the study of financial relations in general. Firstly, in this paper we perform an exploratory spatial analysis which contrasts the existence of contagion or spatial autocorrelation. Secondly, we try to assess different channels of contagion through a model based on spatial econometric which would let us realize a confirmatory analysis. The study of an explicit dependency between the countries using this econometric technique may open up a new field of research in financial interdependence relations.

Los aeropuertos se han convertido en uno de los principales factores de competitividad urbana, por su función de nodos de comunicaciones y también por su capacidad de generar actividad económica. La literatura demuestra que, en muchas áreas metropolitanas, los aeropuertos son un importante polo de actividad económica que atrae a empresas relacionadas con la actividad aeroportuaria, pero también a otros tipos de empresas debido a la accesibilidad y al menor precio del suelo respecto al centro. En este artículo se describe el plan para la creación de una Ciudad Aeroportuaria en el Aeropuerto de Barcelona y se estima el efecto económico que tendría su puesta en marcha sobre la economía catalana y española.

pt. 1. Regional innovation systems, agglomeration economies and knowledge spillovers : theoretical approaches -- pt. 2. Regional innovation systems, agglomeration economies and knowledge spillovers : empirical studies -- pt. 3. Regional economic growth and knowledge.

I. Impacto económico 2010 (Junio 2013) -- II. Efectos intagibles : impacto cultural y social 2010 (Junio 2013)

In this paper, we devise a methodology that is able to objectively quantify the impact of tourism on the urban economy. This methodology takes various dimensions into account. First, to analyse the impact at sectoral level, it should bear in mind that tourism is a cross-sectional activity which affects many sectors, both directly and indirectly. Therefore, it is important to consider the impact of urban tourism on sectors traditionally defined as tourism-related, -that is, hotels, restaurants, shops, etc.- but also its impact on other sectors -for instance, textiles, food, construction, to name only a few- due to the intersectoral relationships that emerge. Second, we need to calculate the percentage of the turnover of each sector that is due to the tourism industry. Third, it is important to establish the geographic distribution of this impact: how is the effect shared between the city and its neighbouring areas QUESTION Finally, the effect of urban tourism should be quantified not only in terms of turnover, but also in terms of its contribution to GDP and employment.

[eng] Deepening in the European Union (EU) integration process has enhanced the question of economic disparities at a regional level. The convergence process observed until the late seventies was exhausted onwards in coincidence with important changes in the economic activity. The paper showshow these factors would have provoked a regional differenciated response that,despite being important, would have not strengthened the decrease in regional inequalities. We use an alternative and (in our opinion) richer approach to the traditional convergence analysis, where the evolution of the whole regional distribution is what matters and not that of a representative economy. Moreover, when analysing inequalities among regional economies, the geographical space acquire an outstanding role. Hence, we apply spatial association tests and relate them to the convergence analysis ; [spa] El avance en el proceso de integración ha aumentado el interés por la evolución de las disparidades económicas entre las regiones de la Unión Europea. El proceso de convergencia observado hasta finales de los setenta parece haberse agotado, coincidiendo con importantes cambios en el desarrollo de la actividad económica. El trabajo muestra como estos factores habrían provocado una respuesta regional diferenciada que, pese a ser importante, no habría contribuido a la disminución de las disparidades. En el trabajo se utiliza una aproximación alternativa a la empleada en el tradicional análisis de convergencia, donde lo que se considera es la evolución de la totalidad de la distribución y no unicamente aquélla de una economía representativa. Adicionalmente, cuando se estudian las disparidades entre economías regionales, el espacio adquiere un papel destacado. Por ello se aplican contrastes de asociación espacial y se relacionan con el análisis de convergencia