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Output dynamics in an endogenous growth model
(2003-07)
The aim of this paper is to analyze whether endogenous growth RBC models are consistent with two stylized facts about U.S. output dynamics. First, GNP growth is positively correlated in the short run and it has a weak ...
Spanish Customer Satisfaction Indices by Cumulative Panel Data
(2003-07)
In this paper, we present a new theoretical representation of the Consumer Satisfaction Index (CSI) based on Structural Equation Modelling (SEM). We use panel data collected by an automotive magazine to apply our approach ...
Analysis of Length of Time Spent in Chapter 11 Bankruptcy
(2001-01)
This paper investigates original issuers of high yield bonds in Chapter 11 bankruptcy to determine which factors affect the length of time spent in Chapter 11. In order to do this analysis we propose a flexible new duration ...
A Fundamental Contradiction in Keynes' Conception of Income
(2003-02)
I contend that Keynes provides two contradictory definitions of aggregate income. According to the first definition, which is the dominant in Keynes as well as the standard in current Macroeconomics, the full value of ...
Quesnay and Leontief on Capital and Income
(2002-03)
I analyze Quesnay's explanation of the "Tableau Economique" of 1766 in order to show that he made a clear distinction between capital and income. In holding this distinction, Quesnay rejected the nowadays currently accepted ...
Adam Smith on Capital and Income
(2002-02)
In this paper I critically analyze Smith's thesis in book I, chapter 6 of the "Wealth of Nations" that the replacement of the capital goods consumed in production becomes fully income. I argue that Smith’s argument is ...
Dornbusch and Fischer on Capital and Income
(2002-05)
In this paper I critically analyze the relationship that professors Dornbusch and Fischer establish among the concepts of GNP, NNP and aggregate income. In principle, aggregate income is NNP; indeed, the whole point of ...
Análisis descriptivo del desempleo en la CAPV (1993-1999)
(2003)
El presente trabajo realiza el análisis descriptivo de la población parada y, posteriormente la que está buscando empleo en la CAPV, en el período 1993-1999. El interés se centra en observar si estamos ante un paro de larga ...
Selection of the number of frequencies using bootstrap techniques in log-periodogram regression
(2008-02)
The choice of the bandwidth in the local log-periodogram regression is of crucial importance for estimation of the memory parameter of a long memory time series. Different choices may give rise to completely different ...
Survival Analysis Using a Censored Semiparametric Regression Model
(2000-04)
In this work we study the effect of several covariates X on a censored response variable T with unknown probability distribution. A semiparametric model is proposed to consider situations where the functional form of the ...