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The Economic Cost of Armed Conflict
Gardeazabal, Javier
; Vega Bayo, Ainhoa (2016-12-13)
This paper estimates the distribution of the effect of armed conflict on real GDP per capita and investment. For each conflict, we construct a synthetic control from a set of conflict-free countries that closely resembles ... -
Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models
(2015)International fisheries agencies recommend exploitation paths that satisfy two features. First, for precautionary reasons exploitation paths should avoid high fishing mortality in those fisheries where the biomass is ... -
Reform of Spain's profesional services market: Implementation of the EU Services Directive
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz ; Zurimendi Isla, Aitor (FUNCAS, 2014-07)
The implementation of the European Commission Services Directive initiated the modernization process of services markets within the European Union. The objective was to guarantee the creation of a single market by ensuring ... -
An Alternative View of the US Price-Dividend Ratio Dynamics
; Regúlez Castillo, Marta; Vázquez Pérez, Jesús (2014-12)
As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide evidence of prices significantly drifting apart from ...