Europe > Spain

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Agricultural Markets and Marketing; Cooperatives; Agribusiness x
Clear All Modify Search
Mr. Willy A Hoffmaister, Mr. David T. Coe, and Mr. Elhanan Helpman
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country's institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers.
International Monetary Fund
Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to potential pressures in specific sectors, and offers challenges, and tackling the challenges requires a flexible economy. The pattern of Spanish exports is dominated by its off-center location in the Southern part of the EU. Geographical location also plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain.
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.