América Latina ante las demandas inversor-estado
Resumen: Este artículo estudia las demandas presentadas por empresas multinacionales contra estados latinoamericanos en instancias internacionales de arbitraje. Como esas demandas derivan de la suscripción de numerosos acuerdos internacionales sobre inversión, se plantean los límites que para la puesta en práctica de estrategias de desarrollo suponen dichos acuerdos.
Temas: Demandas inversor-estado, Acuerdos internacionales sobre inversión, América Latina |
Analysis of the international economic convergence in the period 1950-2009
Autores: Cristian RABANAL
Resumen: In this paper we study the convergence between countries for the period 1950-2009. The approach develops a comparative perspective between the β-convergence model unconditional –classic and with recognition of spatial dependence– and the approach suggested by Quah. The results on the convergence period vary with the method used. However, the main difference is on the countries for which found convergence.
Temas: Economic Convergence, Barro’s Regressions, Spatial Effects, Kernel Density, Markov Chains |
Analytical Summary
Autores: Fernando ALONSO and José Luis CENDEJAS, Isabel CARRILLO and Juan Ignacio PULIDO, Artur COLOM, Sar a FERNÁNDEZ LÓPEZ, Milagros VIVEL BÚA, Luis OTERO GONZÁLEZ and David RODEIRO PAZOS, Mónica GARCÍA OCHOA, Nuria BAJO DAVÓ y María Luisa BLÁZQUEZ DE LA HERA, Cristian RABANAL, Óscar RODIL and Vicente MENEZES, Mer cé SALA RÍOS, Teresa TORRES SOLÉ, Dolors MÁRQUEZ CEBRIÁN and Pilar MUÑOZ GRÀCIA, Patxi ZABALO
Sección: Analytical Summary |
Financial and monetary integration in the financial crisis period: interest rates gaps in the public debt as measurement of country risks
Autores: Fernando Alonso, José Luis Cendejas
Resumen: The paper presents the European financial market convergence progress evolution and the effects that, on the financial integration the crisis has done. The main topic studied is the relevance of beta coefficient designed by the European Central Bank. The differential evolution of the integration of the sovereign bond market and the performance of the debt spreads as risk indicators has appeared in a strong version in the present environment.
Temas: European Financial System, Public Debt, Country Risk |
THE GLOBAL FINANCIAL CRISIS INPERSPECTIVE: GENESIS AND DETERMINANT FACTORS
Autores: Vicente Menezes Ferreira Junior, Óscar Rodil Marzábal
Resumen: The international global crisis represents the worst economic collapse since The Great Depression of the 1930s. Initially called the subprime crisis, in reference to the problems occurred in the US mortgage market, it became a systemic global crisis. Although it has become known as a financial crisis, it surely goes beyond that.
Temas: Economic Crisis, Financial Crisis, Global Crisis, Determinant Factors, Genesis |
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Analysis of the role of international financial institutions in the financing of tourism
Autores: Isabel Carrillo Hidalgo, Juan Ignacio PULIDO FERNÁNDEZ
Resumen: In general, we assume the potential of tourism as an engine of economic development. In fact, international financial institutions finance the implementation of tourism projects in order to contribute to the economic development of less advanced countries and thereby achieve their goals of reducing poverty and improving the quality of life of people. However, the reality is that many of these projects do not reach expectations.
Temas: International Financial Institution, Tourism, economic development, Development Cooperation, Financing |
TECHNOLOGICAL INNOVATION AS A DETERMINING FACTOR ON NATIONAL COMPETITIVENESS
Autores: Mónica García-Ochoa Mayor, Nuria Bajo Davó, María Luisa Blázquez de la Hera
Resumen: This article carries out an analysis on the existence and characteristics of technological innovation clusters on 57 economies worldwide, and explores if differences in competitiveness among these economies can be explained by their belonging to a group or cluster.For that purpose, we have conducted an empirical study based on technological innovation indicators included in the Global Competitiveness Report (GCR) 2009-2010 (WEF, 2009) and in the Competitiveness Index published by the Intern
Temas: Technological Innovation, Competitiveness, Cluster Analysis |
Natural resources and development in Chad: resource curse or peripherical insertion?
Autores: Artur Colom-Jaén
Resumen: The significant increase in foreign investment in the African extractive sector in the last decade has refuelled the debate on the effects on development of the rents generated in this sector. From the resource curse theory, it is argued that the negative effects pf these rents on development rents have to do basically with internal disfunctions, getting around the elements and external actors that shape and influence these internal features.
Temas: Natural Resources, Resource Curse Theory, Chad |
Saving for retirement in EU: an analysis of its determinants
Autores: Sara FERNÁNDEZ LÓPEZ, Milagros VIVEL BÚA, Luis OTERO GONZÁLEZ, David Rodeiro Pazos
Resumen: The purpose of this paper is to analyze what factors are driving the retirement savings of the Europeans. Our evidence is based on a sample of 4.526 individuals from eight European countries. The results show that although the percentage of savers for retirement varies widely across countries, the driving forces of the decision of saving for retirement are quite similar.
Temas: Retirement, Saving, Financial Literacy, Europe |