AQR (Grup d’Anàlisi Quantitativa Regional): Recent submissions
Now showing items 1-20 of 141
Emissions and Allowances in the EU Emissions Trading System after the Paris Agreement
In this paper, I examine how allowances allocation affected emissions of power sector installations in the EU ETS following the Paris Agreements. The dataset I use covers the 2010-2022 period, includes the emissions and ...
Navigating the Precarious Path: Understanding the Dualisation of the Italian Labour Market through the Lens of Involuntary Part-Time Employment (WP)
This paper investigates the surge in Involuntary Part-Time (IPT) employment in Italy from 2004 to 2019, exploring its impact on various socio-economic groups and adopting a spatial perspective. Our study tests the hypothesis ...
The economic costs of separatist terrorism in Turkey
Turkey has been suffering from separatist terrorism and the political conflict it implies since the mid 1980s, both of which are believed to have a negative impact on economic welfare. This article investigates the economic ...
Employment uncertainty a year after the irruption of the covid-19 pandemic
This paper examines the evolution of consumer uncertainty about unemployment one year after the irruption of the covid-19 pandemic in European countries. Since uncertainty is not directly observable, we use two alternative ...
A regional perspective on the accuracy of machine learning forecasts of tourism demand based on data characteristics
In this work we assess the role of data characteristics in the accuracy of machine learning (ML) tourism forecasts from a spatial perspective. First, we apply a seasonal-trend decomposition procedure based on non-parametric ...
Unbiased estimation of autoregressive models for bounded sthochastic processes
The paper investigates the estimation bias of autoregressive models for bounded stochastic processes and the performance of the standard procedures in the literature that aim to correcting the estimation bias. It is shown ...
Measuring Sovereign Bond Spillover in Europe and the Impact of Rating News
Although there is by now strong evidence that sovereign risk premia are driven by a common factor, little is known about the detailed linkages between sovereign bond markets. We employ the VAR method by Diebold and Yilmaz, ...
Technological cooperation and R&D outsourcing at the firm level: The role of the regional context
Much has been said about the role that technological networking activities play on the innovative performance of firms, but little is known about the relevance of the context where the firm is locate shaping the efficiency ...
The nexus between variable renewable energy, economy and climate: Evidence from European countries by means of exploratory graphical analysis
We propose a new approach for the visual inspection of interactions between several variables related to the wind and solar energy sector, and a set of socioeconomic variables and natural factors that may be affecting ...
Earthquake exposure and schooling: impacts and mechanisms [WP]
Natural disasters are a significant threat to human development. In this paper, we analyze the effects of being exposed to a strong earthquake during school age on schooling outcomes. We merge geolocated data about the ...
Exploration during turbulent times an analysis of the effects of R&D cooperation on radical innovation performance during the economic crisis
During the recent economic recession, firms have been less willing to invest in innovation, which often is an uncertain and long-term process. This reduction did not occur equally for all firms, and recent literature has ...
Generalized Extreme Value Approximation to the CUMSUMQ Test for Constant Unconditional Variance in Heavy-Tailed Time Series
This paper focuses on testing the stability of the unconditional variance when the stochastic processes may have heavy-tailed distributions. Finite sample distributions that depend both on the effective sample size and the ...
Technological cooperation in Spanish firms
This paper aims to study to what extent participating in technological cooperation agreements can be a useful mechanism for improving the innovative capacity of Spanish firms, specially in the context of the economic ...
A Note on the Relationship Between the Cyclicality of Markups and Fiscal Policy
We demonstrate that the cyclical behaviour of markups is related to the cyclical behaviour of government spending. For plausible parameter assumptions, pro-cyclical spending results in less counter-cyclical mark-ups. ...
A geometric approach to proxy economic uncertainty by a metric of disagreement among qualitative expectations
In this study we present a geometric approach to proxy economic uncertainty. We design a positional indicator of disagreement among survey-based agents' expectations about the state of the economy. Previous dispersion-based ...
Innovation, heterogeneous firms, and the region [WP]
This paper investigates the role of regional determinants on innovation performance controlling by the firm’s absorptive capacity and other sources of firm heterogeneity. The findings for a sample of firms in Spain support ...
Export Destination and Firm Upgrading: Evidence from Spain
This paper examines the role of export destinations on firm upgrading. I exploit the real effective exchange rate devaluation in Spain during the Great Recession to identify the unusual export performance of manufacturing ...
An application of deep learning for exchange rate forecasting
This paper examines the performance of several state-of-the-art deep learning techniques for exchange rate forecasting (deep feedforward network, convolutional network and a long short-term memory). On the one hand, the ...
Evolution of business and consumer uncertainty in the midst of the COVID-19 pandemic. A sector analysis in 32 European countries
This paper examines the evolution of business and consumer uncertainty amid the Coronavirus pandemic in 32 European countries and the European Union (EU). Since uncertainty is not directly observable, we approximate it ...
The distributive effects of conventional and unconventional monetary policies
The paper evaluates the distributional effects of conventional and unconventional monetary policies for the USA. The distributional effects are evaluated for the overall impact on the income distribution, using Gini index. ...
