Arxiu de la categoria: Document de treball

CREAP2006-14: New evidence of the real interest rate parity for OECD countries using panel unit root tests with breaks

En aquest article es duu a terme el contrast de la hipòtesi de paritat entre tipus d.interès reals (RIRP) entre dinou dels majors paísos de la OCDE al llarg del període 1978:Q2-1998:Q4. La metodologia economètrica aplicada es basa en la combinació de l.ús de diversos contrastos d.arrel unitària i d.estacionarietat dissenyats per un entorn de dades de panell que són vàlids sota la presència de dependència entre els individusi presència de múltiples canvis estructurals. Els nostres resultats donen fort suport al compliment de la versió dèbil de la RIRP en el període analitzat un cop la dependencia i els canvis estructurals són tinguts en compte.

Mariam Camarero; Josep Lluis Carrion-i-Silvestre (AQR-IREA) and Cecilio Tamarit

CREAP2006-14.pdf

CREAP2006-13: Economía urbana y calidad de vida. Una revisión del estado de conocimiento en España

Quality of life is increasingly becoming a concept researched empirically and theoretically in the field of economics. In urban economics in particular, this increasing interest stems mainly from the fact that quality of life affects urban competitiveness and urban growth: research shows that when households and businesses decide where to locate, quality of life considerations can play a very important role. The purpose of the present paper is to examine the way economic literature and urban economic literature in particular, have adopted quality of life considerations in the economic thinking. Moreover, it presents the ways various studies have attempted to capture the multidimensional nature of the concept, and quantify it for the purposes of empirical research. Additionally we focus on the state of the art in Spain. Looking at the experiences in the last years we see very important possibilities of developing new studies in the field.  

Vicente Royuela (AQR-IREA); Diona Lambiri and Bianca Biagi

CREAP2006-13.pdf

CREAP2006-12: Changes in the demand for private medical insurance following a shift in tax incentives

The 1998 Spanish reform of the Personal Income Tax eliminated the 15% deduction for private medical expenditures including payments on private health insurance (PHI) policies. To avoid an undesirable increase in the demand for publicly funded health care, tax incentives to buy PHI were not completely removed but basically shifted from individual to group employer-paid policies. In a unique fiscal experiment, at the same time that the tax relief for individually purchased policies was abolished, the government provided for tax allowances on policies taken out through employment. Using a bivariate probit model on data from National Health Surveys, we estimate the impact of said reform on the demand for PHI and the changes occurred within it. Our findings suggest that the total probability of buying PHI was not significantly affected. Indeed, the fall in the demand for individual policies (by 10% between 1997 and 2001) was offset by an increase in the demand for group employer-paid ones, so that the overall size of the market remained virtually unchanged. We also briefly discuss the welfare effects on the state budget, the industry and society at large. 

Marisol Rodríguez (CREB); Alexandrina Stoyanova (CREB)

CREAP2006-12.pdf

CREAP2006-11: Capital humano: un análisis comparativo Catalunya – España

En este documento se analizan comparativamente algunos aspectos relativos al capital humano de la economía catalana y española. En primer lugar se compara la dotación de capital humano tanto desde una metodología más tradicional, como es el caso de años de educación, como desde el punto de vista de la valoración del activo mediante actualización de flujos salariales a lo largo del ciclo vital de los individuos. Los resultados muestran indicios de una cierta desaceleración en el crecimiento del stock de capital humano. Adicionalmente, se lleva a cabo una estimación de la existencia de externalidades de capital humano intra-establecimiento, con datos de la Encuesta de Estructura Salarial, desarrollando una metodología menos restrictiva que la tradicional. Los resultados muestran comportamientos similares de la economía española y catalana, apuntando a la existencia de externalidades.

Josep Lluís Raymond Bara (GEAP); José Luis Roig Sabaté (GEAP)

CREAP2006-11.pdf