Revista de economía mundial -- V. 45., (2017)
Permanent URI for this collectionhttps://hdl.handle.net/10272/13721
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Item type: Item , Item type: Item , Reseña del libro de Joseph Stiglitz "El euro : cómo la moneda común amenaza el futuro de Europa"(Universidad de Huelva, 2017) Cruz Hidalgo, EstebanItem type: Item , A Micro Tale of a trade-off : structural change versus balance of payments equilibrium in an Egyptian foreign investment project in Algeria(Universidad de Huelva, 2017) Olivié Aldasoro, Iliana; Pérez, AitorResource-rich economies can find themselves trapped in a dilemma over whether to prioritize processes of structural change or to preserve their balance of payments equilibrium. The objective of national development strategies to diversify the productive structure might reflect on the attraction of foreign direct investment projects, with a negative impact on net exports – therefore leading to current account deficits and increased needs of external financing. This article analyses this macroeconomic trade-off, through the particular case of one Egyptian direct investment in Algeria by way of a cable manufacturing company. The case study is conducted following a previously elaborated methodological framework for the study of the development effects of foreign direct investment (FDI).Item type: Item , Evolution of inequality in Latin America (1980-2014) : a multidimensional approach beyond income(Universidad de Huelva, 2017) Trueba, Carmen; Remuzgo, LorenaLatin America is the region with the greatest inequality in terms of incomes. Thus, during the last years, the United Nations Development Programme (UNDP) has showed concern about the obstacle that inequality causes in the human development of this region. Given that higher economic growth does not necessarily lead to the achievement of further progress social, development beyond income will be one of the most important UNDP’s messages for its upcoming report for this region to be launched early 2016. In this paper, we propose a new multidimensional approach to study inequality in welfare in terms of the components of the Human Development Index of the UNDP –health, education and income– in the period 1980-2014. For this purpose we use the multidimensional inequality indices proposed by Maasoumi (1986) that can be decomposable into the between- and within-group inequality components.Item type: Item , The “euro effect” and outward foreign direct investment(Universidad de Huelva, 2017) Brzozowski, Michał; Tchorek, GrzegorzThe “euro effect” is an important phenomenon in the debate on monetary integration results in Europe. While in the existing literature the impact of the euro adoption is usually studied on trade data, the main goal of the paper is to examine whether the “euro effect” can be detected in Outward Foreign Direct Investment flows from the OECD countries. Using the difference-in-differences method and the gravity equation corrected for the sample selection and firm-heterogeneity biases, we investigate the trends of the strength of the impact of the euro over the 1985-2012 period. Our results suggest that the influence is positive, is not time invariant and does not display a clear trend. It was the strongest in the years 2003-2005 and 2010-2011. The impact faded in the years 2006-2007, and the euro was insignificant shortly after its introduction and during the global financial crisis.Item type: Item , Evaluación del nivel de eficiencia productiva de los países de la UE : un enfoque intersectorial(Universidad de Huelva, 2017) Gutiérrez Pedrero, María Jesús; Tarancón Morán, Miguel ÁngelEste artículo propone la medición del grado de eficiencia de un sistema productivo mediante un enfoque basado en el concepto de Tasa de Crecimiento Uniforme de la Economía. Esta tasa se obtiene a partir del autovalor dominante de la matriz de coeficientes técnicos de la tabla input-output del país analizado. A su vez, el autovector derecho asociado a dicho autovalor indica la importancia de los diferentes sectores económicos en términos de su influencia sobre el nivel de eficiencia productiva del sistema. La metodología es aplicada al caso de los países pertenecientes a la Unión Europea.Item type: Item , Environmental fiscal effort : spatial convergence within economic policy on taxation(Universidad de Huelva, 2017) Villar Rubio, Elena; Quesada Rubio, José Manuel; Molina Moreno, ValentínEnvironmental fiscal effort, when compared with environmental fiscal pressure, represents a far more precise parameter when measuring a country’s environmental sacrifice given that it introduces GDP per capita as an analysis variable. This paper focuses on the analysis of convergence in environmental fiscal effort amongst the EU-15 Member States between 1987 and 2008, employing, to this end, the techniques of sigma, beta and gamma convergence. On a complementary level, a spatial autocorrelation study is carried out in order determine whether or not the geographical proximity of countries has any bearing on similar fiscal effort.Item type: Item , The role ff imported inputs and FDI on economic growth : evidence from emerging and advanced economies(Universidad de Huelva, 2017) Fernández Núñez, Teresa; Maesso Corral, María; Márquez, Miguel A.The role of imported inputs (capital and intermediate goods) and foreign direct investment [FDI] on economic growth as a mechanism of international technology transfer has been highlighted by different growth models. However, empirical evidence regarding the concurrent impact of both imported inputs and FDI on economic growth is still scarce. The main aim of the paper is to give empirical evidence about the effects of these variables as channels of international technology diffusion. In the same framework, this study captures the different responses in economic growth when considering two different groups of countries separately, emerging and advanced. Our findings reveal different responses in economic growth between advanced and emerging countries. Some important economic political recommendations can be derived from the empirical results.Item type: Item , El impacto de la exclusión social sobre el crecimiento económico en la Unión Europea(Universidad de Huelva, 2017) Cruz Morato, Marco Antonio; García Lizana, Antonio; García Mestanza, JosefaEl objetivo de este artículo es verificar que la presencia de pobreza y exclusión social en la Unión Europea supone una limitación que afecta a los niveles de crecimiento económico, impidiendo alcanzar, no ya el ansiado “crecimiento económico integrador” perseguido por las instituciones eurocomunitarias; sino el crecimiento económico en sí, planteado en términos convencionales. Para ello, tras la fundamentación teórica basada en las ideas de grandes economistas como Keynes o Myrdal, se analizarán diversos contrastes empíricos realizados, usándose distintos indicadores y en momentos diferentes, verificándose dicha relación. Con unos niveles de pobreza y exclusión social que han crecido en la UE durante la difícil etapa que estamos atravesando, los resultados de esta investigación pueden resultar de gran interés también para el ámbito de la recomendación de políticas públicas.Item type: Item , Poverty reduction in Brazil and Mexico : growth, inequality and public policies(Universidad de Huelva, 2017) Carrera Troyano, Miguel; Domínguez Martín, RafaelThis paper compares poverty reduction performance of Brazil and Mexico between 1990 and 2013, showing the great differences brought about by the substantial falls in Brazil and very limited results in Mexico. This paper explains these contrasting outcomes focusing on the interaction between growth and inequality reduction, and on the different public policies developed by each country. Mexico’s greater openness exposed the country to external shocks (a financial shock in 1995 and another in 2008, caused by the USA crisis in 2008) and, at the same time, the rise of China as a global power had a negative impact on Mexico and a positive one on Brazil. On the other hand, labour market policies were also different (i.e. in minimum wage development) and the welfare state was less developed and less generous in Mexico than in Brazil.