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  • Sevilla: Universidad Pablo de Olavide  (105)
  • La Habana  (22)
  • Spanish  (127)
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  • 1
    Publication Date: 2019-04-24
    Description: This research studies the impact that marketing innovation entails for exporting behavior, supported by the panel data structure given by the Panel of Technological Innovation. To do so, Propensity Score Matching method has been combined with the method of difference in differences, which is usual for impact evaluation analysis. The results from econometric estimations show the existence of a significative, negative impact of marketing innovation on exporting performance for Spanish agro-industry sector.
    Keywords: O30 ; H43 ; Q13 ; ddc:330 ; marketing ; exporting behavior ; impact evaluation ; agro-industry
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 2
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    Sevilla: Universidad Pablo de Olavide
    Publication Date: 2019-04-24
    Description: The article dwells upon the dynamic and stochastic mathematical models of organizational development and changes, as well as to the algorithms for their optimization. The adjustment of the intensity of the changes can be achieved through the efficient integration between the departments in accordance with their skills. The models proposed in this article can be widely applied in studying the processes of organizational development.
    Keywords: C65 ; ddc:330 ; organizational development ; organizational changes ; mathematical model ; intensity of changes ; optimization
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 3
    Publication Date: 2019-04-24
    Description: This study aims to explore the key factors that may affect the entrepreneurial capacity of students of Higher Education Centers (CES). Once the factors were established, these were grouped into internal and external to the ESCs, then the AHP method was applied to determine the relative weights of each of the criteria to groups of experts belonging to different disciplines and Latin American countries. Through the consensus of the experts, the results indicate that internal factors that most influence the entrepreneurship of their students are "Entrepreneurial Spirit", "Work Experience" and "Performance of specific courses" and as external factors affect to a greater extent "The Networks", "Friends" and "Scope of development". The results of the study can be used as an important reference for educational establishments, to define strategies based on these factors, which help to improve ecosystems within their centers, effectively enhancing the entrepreneurial capacity of their students.
    Keywords: I23 ; M13 ; M14 ; ddc:330 ; entrepreneurship ; Higher Education centers ; entrepreneurial capacity ; entrepreneurial ecosystem
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 4
    Publication Date: 2019-04-24
    Description: The process of dismantling a nuclear power plant involves a series of economic activities, linked to economic sectors other than energy, which represent an opportunity for economic development, not only for the local communities where the power plant is located, but also for the rest of the society. Currently, the Spanish nuclear power plants have an average operating life of 33 years and in a decade will end its design life, so it is of interest to know the economic impact that will have its dismantling. For this, in this paper a multisectorial model is developed with which the impact of the dismantling process is analyzed, which includes both the closure of the plants, as well as the substitution of other energy sources and the management of radioactive waste.
    Keywords: C67 ; Q43 ; Q53 ; ddc:330 ; nuclear dismantling ; economic impact ; input-output model
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 5
    Publication Date: 2019-04-24
    Description: The informal economy is a phenomenon that affects most of the countries of the world, mainly tax collection potential, the generation of formal employment, productivity and business efficiency. In order to elaborate an inclusive method of the most significant current contributions, an econometric modeling was developed from the monetary method, applying cointegration, Granger causality and the equilibrium correction mechanism; which allowed to remove the possibility of spurious regressions and to make an application to the Ecuadorian economy.
    Keywords: E26 ; E27 ; E63 ; H32 ; J46 ; ddc:330 ; informal economy ; econometrics ; monetary method ; labor market ; modeling
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 6
    Publication Date: 2019-04-24
    Description: Since Information and Communication Technologies adoption has grown, research on link of ICT and Economic Growth link has been rapidly developed, both in academic world and by governments and cooperation and development agencies. Research has found that there is a significant impact of the use of ICT on growth; however, it generally ignores the determinants of use. This is clearly visible in the case of studies carried out for the Mexican economy. This paper analyzes the determinants of differentiated use of ICT at subsector level in Mexico. using factor analysis, cluster analysis and econometrics, we find evidence related to the capacity (educational level and organizational maturity) that determines the use of ICT and, therefore, the strength of the impact of ICT on labor productivity in Mexico.
    Keywords: J24 ; O47 ; D24 ; ddc:330 ; subsector ; ICT ; labor productivity ; factor analysis ; cluster analysis ; cross section
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 7
    Publication Date: 2019-04-24
    Description: This research shows the application and performance of three models for the classification of credit applicants: discriminant analysis, logistic regression and neural networks; techniques used by financial institutions for the calculation of credit scoring. The results show a better performance of the neural network model compared to logistic regression and discriminant analysis, achieving a success rate of 86.9\% in the classification. For the three models, fourteen variables were used to inform about applicant's socioeconomic characteristics and those of the credit operation. In the area of credit risk management, this result is relevant since it can be complemented by the calculation of default probability, the exposure at default and the recovery rate of the entity to establish the value of expected losses at both the individual level and the whole credit portfolio of the entity.
    Keywords: C14 ; C45 ; C51 ; D14 ; ddc:330 ; credit scoring ; credit risk ; default probability ; discriminant analysis ; logistic regression ; neural networks
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 8
    Publication Date: 2019-04-24
    Description: This study analyzes the impact of the use of Information and Communication Technologies (ICT) on the diversification strategy and performance of small and medium enterprises (SMEs). From a sample of 95 companies in the autonomous community of the Basque Country, it is evidenced that diversified companies show a higher level of use of ICT and this resource positively affects financial and non-financial company performance. The analysis also show that ICT is a mediating variable between the type of diversification and performance of business in which the company has entered. For the correlational descriptive and statistical analysis of the variables, IBM SPSS software was used (version 21). Further analysis which may expand upon this study could be to apply the model to different industries with the idea of comparing the results found and to define specific strategies.
    Keywords: L25 ; C12 ; ddc:330 ; diversification ; ICT ; performance ; mediation
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 9
    Publication Date: 2019-04-24
    Description: The urban agglomeration or metropolitan area of Seville is formed by the municipality of the same name, being the fourth most populated city in Spain; and with 45 municipalities, also forming the fourth most important economic and industrial area of the country. In recent years, due to the deep economic crisis the region has been facing, the activity has decreased considerably, which has influenced markedly on the offer price of commercial premises and warehouses. This work analyses the current supply of real estate modalities for a sample of 1916 records; and studies, using regression models, the causes that significantly influence on their assessment, proposing models of price estimation.
    Keywords: R33 ; ddc:330 ; commercial premise ; industrial warehouse ; offer price
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 10
    Publication Date: 2019-04-24
    Description: The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no evidence of synchronization in Asian markets; 3) a stochastic shock in a Latin American country has effects of greater magnitude and duration than a similar shock in an Asian country; and 4) there is no evidence that the Global Financial Crisis has induced structural changes in the dynamics of exchange rates. The daily spot exchange rates of Argentina, Brazil, Chile, China, Colombia, South Korea, India, Malaysia, Mexico and Thailand are used for the period from August 5, 2002 to January 22, 2016.
    Keywords: C32 ; C22 ; G15 ; F30 ; ddc:330 ; exchange rates ; Asia ; Latin America ; cointegration ; endogenous structural change ; impulse-response
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 11
    Publication Date: 2019-04-24
    Description: In the present study, we propose a standardization of indicators based on the Linear Scaling Technique (LST) that is called "interval LST". Traditional methods have certain limitations in terms of robustness, capability to analyze time series, loss of original variability for data and capability to generate ordinal scales for representing levels - low, medium, and high - of the social phenomenon to be studied. This technique manages to overcome these limitations through two stages: 1) establishing intermediate levels of correspondence through an inter-subjective consensus among specialists, and 2) the linear standardization among the reference values. The proposed method represents a double advance. On the one hand, it allows us to build partial indices (one for each dimension of a concept) that meet all the required conditions. On the other hand, the method can generate a comparable ordinal scale between the various components that are available to be added by any other particular method that preserves such a condition. To illustrate these advantages, we present an exercise of modification which is applied to three social well-being indicators using data from Argentina. However, the method can be applied to the standardization of other theoretical concepts.
    Keywords: C10 ; C43 ; ddc:330 ; standardization ; synthetic indices ; social well-being
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 12
    Publication Date: 2019-04-24
    Description: The aim of this study was to determine the effects of the cooperative ``jigsaw'' method on generic competence-based training by university students. This specifically sought to understand how systemic, instrumental and interpersonal competences are more easily acquired by adopting ``jigsaw'' in the teaching-learning procedure. The results reveal that this cooperative learning method makes the development of systemic and instrumental competences easier to a greater extent than interpersonal ones. Meta-reflection or progressive rote learning achieved a highest score among systemic competences. Focusing our attention on the instrumental dimension, peer interaction, students' communication skills, participation, resolution of peer conflicts and direct instruction, these competences sty out from the rest. Finally, responsibility was the easiest competence in the interpersonal dimension.
    Keywords: A22 ; M11 ; ddc:330 ; cooperative learning ; generic competences ; "jigsaw" ; high-level education ; descriptive statistics
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 13
    Publication Date: 2019-04-24
    Keywords: C10 ; J46 ; O17 ; ddc:330 ; informal labor ; structuralism ; institutionalism ; theory of informal labor ; labor market segmentation
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 14
    Publication Date: 2019-04-24
    Description: In this work, we propose an integer linear programming model for production scheduling of a group of finished products with independent demand. The model for the master production scheduling (MPS) is designed by considering production and inventory costs, as well as the productive process constraints regarding installations and production times. The aim of the proposed model is the minimization of the costs involved; specifically, undertime and overtime costs of resources, as well as the consideration of a minimum service level related to the deferred demand. The validation of the model considers data belonging to the demand of each product in a 12-week planning horizon and compares five scenarios in which some characteristics of the system and different service levels are modified. Finally, the results obtained for each one of the scenarios expose the improvement obtained by the proposed model with regard to the current procedure in the studied company.
    Keywords: C61 ; L00 ; ddc:330 ; production planning ; master production scheduling (MPS) ; integer linear programming ; chemical industry
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 15
    Publication Date: 2019-04-24
    Description: It is known that, when in the linear regression model there is a high degree of multicollinearity, the results obtained by using the Ordinary Least Squares (OLS) method are unstable. As a solution to this situation, in this paper we present the raised method, the ridge method and the orthogonal variables method as an alternative to the estimate by OLS. It is also shown that regression with orthogonal variables makes sense regardless of the existence of serious multicollinearity because it allows to answer questions which are not accessible when using the original model. These methodologies are applied to a data set of yields of treasury bills.
    Keywords: C13 ; C21 ; ddc:330 ; regression models ; multicollinearity ; raised regression ; ridge regression ; regression with orthogonal variables
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 16
    Publication Date: 2019-04-24
    Keywords: I21 ; C02 ; ddc:330 ; education economics ; higher education ; qualitative comparative analysis ; European higher education area
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 17
    Publication Date: 2019-04-24
    Keywords: F23 ; M16 ; M12 ; ddc:330 ; export commitment ; SMEs ; neural networks ; financing resources ; manegerial
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 18
    Publication Date: 2019-04-24
    Description: This article presents new estimations of the distance in international business between Colombia and 57 countries in Europe, America, Asia, Africa and Oceania. The concept of distance that we use transcends the institutional level and incorporates both institutional aspects and those that have not yet been considered in the literature such as labor market, business practice and innovation. In this way, we build a holistic distance index and discuss the results for the specific case of Colombia. Thus, from the construction of a synthetic index of distance, we calculated the distances between Colombia and the countries of the sample using the Mahalanobis distance in the dimensions analyzed here. Our results show that although there is progress in the globalization of international business between Colombia and the countries of the sample there are still restrictions faced by Colombian companies that are interested in entering these markets seeking to benefit from the free trade agreements.
    Keywords: C23 ; D22 ; J25 ; ddc:330 ; holistic distance ; factor analysis ; kernel density ; international business
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 19
    Publication Date: 2019-04-24
    Description: This paper introduces the use of graphs in the analysis of the determinants of tourists' expenditure, providing an alternative approach to the methods usually employed. Graph-based analysis is applied to study the behavior of cruise passengers arriving at the ports of Montevideo and Punta del Este in Uruguay. The graphical representation allows to synthesize and visualize the relationships between the set of variables that characterize tourists or tourist groups and the determinants of their level of spending. The graph-based methodology is particularly suitable to represent the dependency relationships among variables (between adjacent nodes) and conditional independence (between non-adjacent nodes). For the empirical application, individual data from the surveys of cruise passengers corresponding to the cruise season between November 2014 and April 2015 in Uruguay are considered. The existence of dependencies between spending variables and other variables that may be of interest (sociodemographic, contextual, etc.) is studied. The exercise shows that the variables that better explain visitors' behavior are linked to the port of disembarkation and the expenditure. The results also show that socioeconomic variables are not directly linked to spending.
    Keywords: C19 ; C21 ; D12 ; L83 ; ddc:330 ; graph-based models ; tourists' expenditure ; cruise ; Uruguay
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 20
    Publication Date: 2019-04-24
    Description: The paper studies the behavior of the household saving rate during the period from 1985 to 2016. We examine the variables considered by the literature to determine the long-term saving rate: Income, wealth, unemployment, credit and indebtedness, public savings, population structure, social benefits, interest rates and prices. In the framework of the error correction model, we contrast the cointegration of the variables by means of four specifications for the saving rate according to its long-term determinants: Permanent income, wealth, unemployment, credit, dependency rate and social benefits. The results show the special long-term relevance of the dependency rate, which, as a structural demographic variable, allows us to predict the evolution of the saving rate. Equally important, social benefits show the relevance of social legislation and its impact on the survival of the welfare state. In the background, credit and unemployment determine the long-term saving rate at any stage of the economic cycle. The growth of labor income affects the saving rate especially in cycle changes when expectations on permanent income are modified. We find that wealth is less relevant. Finally, we find unconsolidated evidence about the fact that imbalances on the long-term rate are corrected in the short term through changes in labor income, wealth and credit.
    Keywords: E21 ; C13 ; C22 ; ddc:330 ; household saving ; saving determinants ; error correction model ; precautory saving ; credit correction ; cointegration
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 21
    Publication Date: 2019-04-24
    Description: The hierarchical structure of the Colombian Consumer Price Index (CPI) makes possible to calculate inflation as a linear combination of its subcomponents. We use SARIMA models to forecast each component of CPI and construct an forecast of inflation using a lineal combination of the forecasts of these components, i.e. a "bottom to top" approach. In this paper, we asses the out-of-sample performance of the one-step ahead forecast of 12 "bottom to top" methodologies. These methods are compared with an aggregate forecast using a SARIMA model. Our results show that a "bottom to top" method to forecast inflation outperforms an aggregate approach for the case of monthly inflation in Colombia.
    Keywords: C32 ; C53 ; E31 ; E37 ; ddc:330 ; CPI ; inflation ; forecasts ; "bottom to top" ; Colombia
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 22
    Publication Date: 2019-04-24
    Description: This paper aims to contrast the spillover effects in business failure derived from the geographic proximity among firms of the same sector. To get this purpose, we develop an empirical application based on the analysis of the join-count statistics on a sample of firms of service sector located in the municipality of Murcia (Spain). Our results show significant spatial autocorrelation pattern, therefore, the probability of failure in a firm not only depends on its internal characteristics, but also on the situation of failure of its vicinity peer companies. These results can be an interesting starting point in the development of papers which consider the interdependence effects among closer peer companies in business failure literature.
    Keywords: C49 ; L80 ; R39 ; ddc:330 ; Spatial autocorrelation ; business failure ; join-count test
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 23
    Publication Date: 2019-04-24
    Keywords: E10 ; ddc:330 ; macroeconomics ; gross domestic product (GDP) ; model of income determination ; growth rate
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 24
    Publication Date: 2019-04-24
    Description: International Accounting Standard 40 (IAS 40 - Investment properties) offers an ideal setting for research on accounting choice as it represents a paradigmatic case choosing between the fair value and the historical cost as the measurement criteria. In this paper, we take the opportunity of this standard to provide additional evidence in a multinational and multi-context on the determinants that explain the accounting choice. Furthermore, in this paper, we introduce and compare the use of artificial neural networks and decision trees in order to assess the predictive capability of these methodologies, compared to other techniques commonly used to solve classification problems in this area such as the logistic regression. The classification results indicate that both neural networks and decision trees can be an interesting alternative to classical statistical methods such as the logistic regression. In particular, both methods outperformed the logistic regression in terms of predictive ability, although no significant differences were found between both.
    Keywords: M10 ; ddc:330 ; accounting choice ; fair value ; IFRS ; neural networks ; decision trees
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 25
    Publication Date: 2019-04-24
    Description: In the present decade, in emerging economies such as those in Latin-America, mixed logistic models have been started applying to predict the financial failure of companies. However, there are limitations for the methodology linked to the feasibility of predicting the state of new companies that have not been part of the training sample which was used to estimate the model. In the literature, several methods have been proposed for predicting random effects in the mixed models such as, for example, the nearest neighbor. This method is applied in a second step, after estimating a model that explains the financial situation (in crisis or healthy) of companies by considering the behavior of its financial ratios. In this study, companies from Argentina, Chile and Peru were considered, estimating the random effects that were significant in the estimation of the mixed model. Thus, we conclude that the application of these methods allow for identifying companies with financial problems with a correct classification rate of over 80%, which becomes important in modeling and predicting this risk.
    Keywords: M41 ; C53 ; C40 ; ddc:330 ; business failure ; accounting ratios ; mixed model ; prediction ; nearest neighbors
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 26
    Publication Date: 2019-04-24
    Keywords: L62 ; C43 ; C25 ; ddc:330 ; hedonic methods ; used cars ; online data
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 27
    Publication Date: 2019-04-24
    Description: A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the validity of this assumption and the objectives in this sector. Through an empirical study for Mexico and using the translog production function based on cross-sectional data by 2014, we find that the substitution elasticities between production factors are not unitary and even to some extent, they show complementarity. This forces us to consider that beyond seeking to maximize profits, micro and small enterprises might be including other objectives, such as to optimizing installed capacity.
    Keywords: C31 ; C51 ; D20 ; D21 ; ddc:330 ; elasticity ; production factors ; production functions ; cost functions ; maximization
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 28
    Publication Date: 2019-04-24
    Description: This paper develops a continuous-time random model of loss index triggers for cat bonds on the basis of the loss amount incurred until their maturity. Assuming that total loss amount due to a catastrophe is defined as the sum of the incurred loss amount plus the incurred-but-not-yet reported loss amount, we model the decreasing linear dynamics of the latter amount by means of an additive Brownian process (or Ornstein Uhlenbeck process); and get the former by the difference between the total loss amount and the incurred-but-not-yet-reported loss amount. Finally, we test the validity of the model by estimating its core parameters and by contrasting the goodness of fit through a data series of six floods occurred in several Spanish cities prone to suffer such kind of catastrophes.
    Keywords: C51 ; C52 ; ddc:330 ; catastrophe bonds ; incurred-but-not-yet-reported loss amount ; incurred loss amount ; claim reporting rate ; loss index trigger ; Ornstein- Uhlenbeck process
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 29
    Publication Date: 2019-04-24
    Description: In the nineties in the financial sector, there was an unprecedented process of mergers and acquisitions in Europe. This trend started in the United States in the eighties, quickly spreading to Europe. The study analyzes the variables that have a marginal effect on the probability by a financial institution to participate in a process of financial restructuring as a merged or nationalized entity. For this, categorical models with endogenous variable are used to represent the different situations of absorption being considered. In the modeling process we have used the usual econometric techniques for variable selection and their financial interpretability.
    Keywords: C50 ; G21 ; ddc:330 ; CPI ; mergers ; nationalized ; marginal effects ; Basel III
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 30
    Publication Date: 2018-02-08
    Description: In this work we present an alternative approach to the usual graphics of time series for its comparative exploratory analysis. By having several time series measures in various contexts, we suggest its structure in multiple tables to study adequately their similarities and differences. The Multiple Factorial Analysis (MFA) is the technique that is selected as the most suitable for achieving the stated objectives, through their numerical measures and graphs. This approach of AFM is a novelty, since in other studies the time has been used as a criterion for structuring groups and not as statistical unit as discussed in this article. An empirical application from monthly data, of the last 10 years, relating to three indicators closely related to tourism, from the point of view of demand, and measured in seven national territories, makes evident the versatility and potential of the proposal.
    Keywords: C38 ; ddc:330 ; time series ; factorial analysis ; multiple tables
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 31
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    Sevilla: Universidad Pablo de Olavide
    Publication Date: 2018-02-08
    Description: A critical element in the evolution of a fundamental body of knowledge in marketing, as well as for improved marketing practice, is the development of measures of the variables with which marketers work. Colombian companies are using adapted tools from original English language found freely on Internet or marketing texts books. Because measure constructs more complex phenomena, this practice decreases the effectiveness in managing the marketing for the reliability and validity of the translated instrument is not measured. From the results obtained in this research, the need to explain a general process for developing constructs in terms that meet the needs of appropriate instruments and as a basis for future studies is evident.
    Keywords: M31 ; C38 ; ddc:330 ; marketing management ; marketing constructs ; multi-items scales ; Cronbach's alpha coeficient ; construct validity
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 32
    Publication Date: 2018-02-08
    Description: The importance of the electricity sector in the growth of economies encourages the study of the variables that determine the implementation of new investment projects in the sector. The barriers in the availability of fuels result in increased uncertainty, becoming a key issue in making decisions in the markets for power generation. Regarding this, a contrast is performed between a deterministic volatility model and two parametric stochastic volatility models, GARCH and EWMA, applied to the price of fossil fuels, in order to identify trade off between cost and risk faced by generators in an energy matrix comprised of technologies based on coal, gas and oil. The three models allow to compare the empirical results for covariances obtained through Pearson's methodology, EWMA and Vech. Evidence suggests that, in a context where it is necessary to select one of the fuels, coal has less exposure and less variation in price, implying a lower discharge in generation markets. However, having the energy matrix formed by the three fossil fuels allows a lower risk exposure to the global market.
    Keywords: N70 ; C53 ; C58 ; P28 ; ddc:330 ; energy markets ; econometric modeling
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 33
    Publication Date: 2018-02-08
    Description: In this paper we show the results achieved by integrating Six Sigma, discrete simulation techniques and multi-criteria techniques for improving a beauty service that desires to obtain the best compromise solution between incomes, costs, use of resources and customer satisfaction. DMAIC methodology was used to propose a procedure that defines, for each phase, simulation tools, multi-attribute decision making, statistics and quality control and management. The use of simulation allowed us to analyze the different actions for improvements and determine the values of the variables of interest being defined by the administrative group. We used, between multi-criteria techniques, PRES index for ranking the actions according to experts' preferences.
    Keywords: C65 ; ddc:330 ; Six Sigma ; discrete simulation ; arena language ; PRES index
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  • 34
    Publication Date: 2018-02-08
    Description: This research tested and empirically analyzes the in uence of certain intangibles business on the export performance of manufacturing SMEs. Specifically, the proposed research model assesses the relationship between participative management, entrepreneurial culture and innovative orientation, managerial capacity and export performance. Considering the innovative orientation as a key in these businesses to compete in foreign markets, and export performance as a measure of competitive success, elaborate on how it affects promote an entrepreneurial culture, and how it in uences managerial capacity to conquer external markets. The technique Partial Least Squares (PLS) has been applied in 180 manufacturing SMEs. The results show that the entrepreneurial culture is a mediating variable between participatory management style and innovative orientation of the company and managerial capacity affect export performance but not moderate the relationship between innovation and export performance orientation.
    Keywords: L21 ; M14 ; M3 ; ddc:330 ; entrepreneurial culture ; export performance ; innovative orientation ; participative management ; managerial ability
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  • 35
    Publication Date: 2018-02-08
    Description: Business decision making is a critical factor to the viability of companies. In the current more dynamic, global and competitive scenario, this critical factor opens space to wider requirements. Modeling and simulation have traditionally formed a substantial part of the toolkit used to support decision making, especially in the business strategy field. In this paper, our aim is to open a clear perspective on the added value offered by simulation. We first introduce an overview about the process of decision making based on simulation. Next, a case study is developed, in which such steps are reflected to decide whether to implement a PUSH behavior or a PULL behavior in a particular company. The results obtained lead us to the decision to implement PULL instead of PUSH, showing that simulation techniques are a very valuable tool to have in the bank of knowledge in any mature company.
    Keywords: C44 ; C63 ; D21 ; ddc:330 ; decision making ; discrete simulation ; lean manufacturing
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  • 36
    Publication Date: 2018-02-08
    Description: Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics - the field that in our opinion lies closest to Artificial Economics. In this context, we discuss various reasons why conducting research on Artificial Economics may be worthwhile, and provide general guidelines on how to go about it. Our view is that Artificial Economics and Theoretical Economics share the same goals, do not differ conceptually as much as it is sometimes perceived, and their approaches are certainly complementary.
    Keywords: B41 ; C15 ; C63 ; ddc:330 ; artificial economics ; computational economics ; agent-based computational economics
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  • 37
    Publication Date: 2018-02-08
    Description: Over the past decades there have been structural changes in the developed societies, both demographic and economic changes. In this paper we aim to study which has been the influence of these changes on the path towards adulthood of youth. We analyzed the emancipation of young at three points in time, and we provide predictions for such decision by gender, academic attainment and labor occupation. Our results indicate that the behavior of young people towards family independence varies between men and women. We have found that men are more sensitive to economic changes and women accuse more the changes in the education system. With predictions, we observe that the pattern of behavior of the emancipation process has not varied in the last decade of the last century; however there are some changes in the first decade of the 21st century.
    Keywords: J13 ; D12 ; C35 ; ddc:330 ; family emancipation ; academic level ; labor activity ; logit model
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  • 38
    Publication Date: 2018-02-08
    Description: This article is a supplement to the stock technical analysis and its main objective is to classify 88 companies belonging to the Mexican Stock Exchange. Using principal component analysis (PCA) and linear discriminant analysis (LDA), the input hypothesis is to group companies according to their market performance and the economic sector to they belong. The methodology consisted in collecting the volume of shares traded indicator (input variables) corresponding to 88 companies for the period January 2015 to March 2016, the input data come from Infosel financial software. After that the input data were normalized and subsequently the PCA and LDA methods were applied to obtain three groups that do not meet an importance criterion. Each group has correlation with each element that makes up, but does not maintain correlation with the elements of other groups; so that if any company belonging to one of the groups presents some tendency, the other actions of the same group also showed that same trend, but companies from other groups will not tend necessarily in the same way. The results represent a significant contribution to the creation of investment portfolios. However, the authors suggest complement this analysis with the fundamental analysis approach to study issuers and reduce investment risks.
    Keywords: G11 ; G23 ; C38 ; C44 ; M21 ; ddc:330 ; finance ; quantitative methods ; business administration
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 39
    Publication Date: 2018-02-08
    Description: This article presents an index of the work quality for Santiago de Cali (Colombia). Our results show that the "comunas" with higher quality are 17, 19, 22 and, 2. "Comunas" 13, 21, 15,3, 7, 20 present poor quality of the work. In this way we show spatiality patterns of the work quality. Also, the fact of being "Afrodescendent" reduces the probability to obtain employments with higher quality and increases the probability to get poor employments.
    Keywords: C35 ; J38 ; J81 ; R23 ; ddc:330 ; work quality ; job satisfaction ; synthetics indicators ; distance measure ; ordered generalized probits
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 40
    Publication Date: 2018-02-08
    Description: The importance of management systems for the integration of CSR in the company strategy is a vital resource that has been little studied in technology companies. In this paper a structural equation model is proposed in order to explain the in uence of CSR and its integration into the management system of the company. This in uence is facilitated by the existence of previous standardized management systems, and how this integration affects the strategy of the company and if this is a reflection on the economic performance of the technology company. The study was conducted in companies located in Spanish Science and Technology Parks. On the one hand, model results shows that there is a positive, direct and statistically significant relationship between the integration of CSR and strategy; on the other hand, performance and integration has also this relationship. Likewise, the model shows also some indirect evidence relations between Management System before the implementation of CSR and performance.
    Keywords: M14 ; ddc:330 ; structure equation modeling ; corporate social responsibility ; technology companies ; integration ; performance
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  • 41
    Publication Date: 2018-02-08
    Description: The socioeconomic situation of European coalfields is highly heterogeneous. On the one hand, successful examples comprise regions that long ago embraced internationalization, innovation and/or restructuring strategies. In those regions where the aforementioned strategies were fruitful, the development of new production methods led to gradual repopulation. Less successful examples, however, are likely to experience undesired effects as a consequence of both the suppression of aid (EU- and regional- level) and the liberalization of EU mining markets, starting on December 31, 2018. This papers aims to provide a method to accurately assess the socioeconomic situation of these egions. As such a method is rooted in previous policies, it enables the identification of welfare-enhancing policies for the inhabitants of European coalfield regions.
    Keywords: C38 ; L16 ; L72 ; O57 ; R11 ; ddc:330 ; economic development ; coalfield regions and municipalities ; mining sector ; coal-mining companies ; quantitative methods
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 42
    Publication Date: 2018-02-08
    Description: Given the closeness of Valdivia, Osorno, Puerto Montt and Entre Lagos to Puyehue National Park (PNP), this article reviews the economic impact of the increased visits. We also study the salary changes required in order to motivate work in the area, using commutation as proxy of the labour market. As a novelty, the so-called "commuter-word-of-mouth" effect is to be highlighted,as well as the use of a formulation that explains how income affects commutation. This research provides answers to the following questions: Is the contribution of tourism relevant to these villages? Is there some correlation between an allometric effect and the required salaries? And do higher GDP per capita regions attract more commuters, in net numbers? The sources of information were the Census of 2002 (Censo02), the National Poll of Socioeconomic Characterization of 2009 (Casen09) and the New Supplementary Income Poll of 2012 (Nesil12). The results indicate that: tourism does not have a strong influence; regions with higher GDP per capita and/or salaries have more commuters in net ammounts; and the "word-of-mouth" effect can be determined.
    Keywords: C67 ; J61 ; R15 ; ddc:330 ; regional development ; commutation structure ; commutation impact
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 43
    Publication Date: 2018-02-08
    Description: This paper purpose is to determine the variables that could influence the individual observable decision of listening to recorded music in Colombia. To do so, probit models are estimated using micro-data from the Encuesta de Consumo Cultural 2008 [Cultural Consumption Survey 2008 ]. Empirical results show that individuals with higher education that take cultural courses and workshops, and belong to medium and high socio-economic strata, are those with the highest probability of listening to recorded music. Additionally, self-identified individuals as African-Colombian-descendent resent the lowest likelihood. This paper contributes to the scarce empirical literature on the determinants of cultural participation in Latin America.
    Keywords: Z11 ; D12 ; C25 ; ddc:330 ; recorded music ; cultural participation ; probit models ; Colombia
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  • 44
    Publication Date: 2018-02-08
    Description: The importance of micro-entities due to their generation of employment and propelling economic activity, together with the fact of their particularities, implies the need to design appropriate methods that anticipate their bankruptcies. For that purpose, a hybrid model by combining parametric and nonparametric approaches is developed in this paper. First, the variables with the highest predictive power to detect bankruptcy are selected using logistic regression (LR). Subsequently, a non-parametric method, namely regression trees and classification (CART), is then applied to companies classified as "bankruptcy" or "non-bankruptcy". Our results show that this model provides a better result than when it is implemented in isolation, which joins its easier interpretation and faster convergence. Moreover, we demonstrate that the introduction of non-financial and macroeconomic variables complement the financial ratios for bankruptcy prediction. Findings are based on a data set of micro-entities (MEs), as recently defined by the European Union.
    Keywords: G33 ; G41 ; G21 ; G32 ; ddc:330 ; micro-entities ; bankruptcy models ; hybrid methods ; nonparametric methods ; decision trees ; micro-entities
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
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  • 45
    Publication Date: 2018-02-08
    Description: The purpose of this study is to show marketing practitioners how to use econometric models to assess the effect of marketing actions. We use a database that includes the four competitors of a personal care product in Colombia with limited information for a period of six years. The study evaluates the effects of marketing actions on sales revenues for the three product subcategories: premium, midprice, and value. The results show that these effects are different for the three subcategories. This suggests that there is no general model to predict the consequences of marketing actions on sales revenues; marketers need to use statistical methods to assess the effect of their decisions. Finally, although our results cannot be extrapolate to other product categories or countries, our approach can be used to assess the impact of marketing actions on sales revenues in other product categories and industries.
    Keywords: M10 ; M31 ; C23 ; ddc:330 ; marketing actions ; competitive dynamics ; panel data ; mass consumption products
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  • 46
    Publication Date: 2018-02-08
    Description: This work has as main objective to determine the effect country, type of institution (its ownership, public or private) and their resources on educational outcomes for students of Latin-American education system from PISA 2009. The results obtained by applying a multilevel analysis reveal that differences in academic performance in favor of private schools are explained by the type of school providing empirical support for the hypothesis Coleman-Hoffer. The environment features student and school resources also have strong explanatory power. Regarding the former, native students in nuclear families with higher socioeconomic status and household resources get higher yields than other categories. This is especially significant in pointing out some aspects that the education system should take into account when ensuring equal educational opportunities. Regarding the latter, the size of the school, the classroom environment and the resources available in the centers have a strong influence on academic performance.
    Keywords: H52 ; I21 ; I28 ; C38 ; ddc:330 ; Latin America ; socioeconomic status ; peer effect ; ownership ; PISA 2009
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  • 47
    Publication Date: 2018-02-08
    Description: It is the purpose of this work to analyze the significance of changes in average for the collection of value-added (VAT) and income taxes from year 2000 and up to the second quarter of 2015. To accomplish that, classic methods of significance will be applied, but contrasted with tests for the typified difference of the average, fundamental parameters of the meta-analysis Cohen's Delta. The main conclusions are that although there have been relevant changes in the tax collection process such as limits in the tax consolidation regime, complementary taxes e.g., flat rate business tax, substitute tax credit to wages, tax on cash deposits and the standardization of the VAT to 16%, there is no strong evidence to state an efficient national tax collection system.
    Keywords: H21 ; M41 ; M48 ; ddc:330 ; tax collection ; tax reform ; changes in value-added and income taxes ; significance levels
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  • 48
    Publication Date: 2018-02-08
    Description: The current work tests, in the dress sector in the center of the country, a methodology based in the theory of uncertainty and the fuzzy subsets, in order to build laws of possibilities for the retreat of clients only with the subjective opinion given by experts. The contribution of the present work allows to obtain an alternative path when it is not possible to get the required information by the models identified in the literature based in principles derived of the random laws even from heuristic methods. The results show the utility of fuzzy concepts in a problem where the uncertainty in relation to the permanence of the client is evident and allows to obtain a valuable element (time), when the Customer Lifetime Value (CLV) is required to be measured in the field of uncertainty.
    Keywords: C60 ; C65 ; M31 ; ddc:330 ; uncertainty ; fuzzy numbers ; fuzzy random subset ; customer permanence ; Hamming distance ; heuristic method
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  • 49
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    Sevilla: Universidad Pablo de Olavide
    Publication Date: 2018-02-08
    Description: We consider the division problems in which a resource must be distributed considering agents' references. We analize this problems in a multidimensional context, we consider that agents have multiple references. For division of the amount available in these situations, we design rules that take into account the multidimensionality of the references of each agent. We propose and we analyze different rules based on an egalitarian principle and provide a procedure for the selection of a single allocation.
    Keywords: C71 ; ddc:330 ; division problems ; multiple references ; egalitarian allocation ; cooperative games
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  • 50
    Publication Date: 2018-02-08
    Description: This paper proposes the use of the Cash Flow from Operations (CFO) obtained from Cash Flow Statement (CFS) as a factor with significant impact on the financial structure of the Spanish firms in a period (2008-2012) that was characterized by dificulties in business finance. In the previous literature, there are few studies that consider this variable, since liquidity in most cases was measured with data obtained from the Balance Sheet and the Income Statement. Methodologically, we have used a multivariate panel data analysis applied to a sample of large Spanish companies not quoted on the stock exchange. Additionally, this work embeds into the theoretical debate existing in the literature about the determinants of the financial structure of firms. The results indicate that a data model based on figures from CSF, mainly the CFO, has predictive ability of the financial structure.
    Keywords: G32 ; G3 ; ddc:330 ; debt structure ; cash flow ; Spanish firms ; panel data ; financial crisis
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  • 51
    Publication Date: 2017-08-04
    Description: The main objective of this study is the identification of the explanatory factors on the differences in efficiency in the retail sector enterprises (CNAE-09 4711) in Spain, paying particular attention to the regulation in order to clarify the way in which this regulation has influenced the performance of the companies because of the legislative changes occurred in the 1999 - 2012 period. Moreover, a preliminary analysis is carried out to study levels and evolution of efficiency and productivity. The results show that the average technical efficiency for this retail sector in the period under study is estimated at 65,9%. Therefore, enterprises operating in this sector could have obtained the same level of output saving a potential 34% of the inputs. The scale at which the company operates is far from being optimal and turns into the main cause of the technical inefficiency. Regarding total productivity, it experienced an average growth during the entire period of 0,3%. Concerning determining factors for efficiency, regulation and size show a statistical significant, positive relation. In addition, location also in uences the efficiency, while age can be rejected as one of its determining factors.
    Keywords: L51 ; L81 ; C61 ; ddc:330 ; efficiency ; productivity ; trade distibution ; regulation
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  • 52
    Publication Date: 2018-02-08
    Description: This work has been raised with the aim of analyzing the level of efficiency "benchmarking" and its explanatory factors of consulting audit firms in Spain. We have applied a semi-parametric model following the methodology of Simar and Wilson (2007). The main results show that five companies have been part of the definition of the frontier (best practice) Deloitte, PricewaterhouseCoopers, Ernest & Young, Audihispana Grant Thorton and Laplaza for the period 2006-2009. Market concentration, size, and specialization of the activities have proven to be factors explaining efficiency.
    Keywords: C14 ; L84 ; ddc:330 ; effciency ; benchmarking ; auditing and consulting firms ; concentration ; specialization
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  • 53
    facet.materialart.
    Unknown
    Sevilla: Universidad Pablo de Olavide
    Publication Date: 2018-02-08
    Description: This paper makes an economic and financial analysis of car dealerships in Spain, using data from SABI database. Moreover, it analyses the economic and financial characteristics of firms that determinate that, in the same crisis context, some firms manage to have positive profit, while other ones have losses. For doing that, a binary choice model is estimated, which allows to conclude that companies with best behavior against the crisis have been the largest, who have reduced its debt while increasing its liquidity ratio and its capacity to return its debt. The youngest firms are better adapted to the crisis and finally has also positively influenced if firms have been able to contain costs.
    Keywords: L62 ; D21 ; ddc:330 ; car dealerships ; profitability ; financial statements ; leverage
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  • 54
    Publication Date: 2018-02-08
    Description: The propose of this paper is to develop a Bayesian procedure that adequately account for studies with zero observations in meta-analysis and then we focus the problem in the context of the Bayesian selection models. Also, attention is focused to the link distribution between effectiveness in each study/center and the meta-effectiveness. We present an objective Bayesian method where all quantities of interest jointly with a Bayesian test for equality between treatments are also obtained. A couple of examples with are developed in depth using the pro- posed Bayesian meta-analysis for the binomial model. Basically, we obtain a Bayesian model for meta-analysis for sparse binomial data without considering transformations and/or corrections in variable/parameters. In respect to the examples considered, we do not find a relevant difference between treatments.
    Keywords: C11 ; C49 ; ddc:330 ; Bayesian analysis ; Farlie-Gumbel-Morgenstern link ; meta-analysis
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  • 55
    Publication Date: 2018-02-08
    Description: This paper presents a detailed explanation of the methodology to construct the Municipal Competitiveness Index 2013 for Mexico. The index is calculated using a methodology based on Factor Analysis and compares the performance of 96 municipalities belonging to 24 metropolitan areas in different States of the Mexican Republic. The index includes 61 variables grouped into four dimensions or sub-indexes: Economic, Institutional, Sociodemographic and Urban-environmental. The Municipal Competitiveness Index is the average of the four indexes. The results show evidence that municipalities of Monterrey metropolitan area are, in general, the ones with higher position in the competitiveness ranking, and highlight the need of inter-municipal cooperation and coordination in order to improve competitiveness of those municipalities belonging to a common metropolitan area. The study particularly focuses on the analysis of factors of each competitiveness dimension for municipalities in Puebla State included in the sample.
    Keywords: H80 ; R00 ; C40 ; ddc:330 ; municipal competitiveness index ; municipal competitiveness in Mexico ; factor analysis
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  • 56
    Publication Date: 2017-08-04
    Description: This paper shows the relationship between business growth and private corruption in the manufacturing industry in Colombia. This study investigates the dynamics of these variables using various techniques by implementing empirical models: estimations via panel data estimates and modeling with dynamic panel data. The technique of panel data is implemented to estimate growth in the manufacturing business using capital, employment and entrepreneurship as decision variables; this also evaluates the performance of the different interactions and the changes caused in business growth in the sectors that make up the industry to identify trends. The analysis of dynamic panel data is performed to determine the variables that affect business growth. The estimation of the panel data model shows that the selected variables to calculate business growth fit with the theoretical framework proposed in this research. The dynamic panel data model applied here reveals that in manufacturing, higher levels of private corruption have an impact on business growth; overall trends show that corruption, its effects over time and incidence rates in the industry, affected negatively the business growth of each sector analyzed in the period from the year 2000 to 2011.
    Keywords: C33 ; D22 ; L60 ; O14 ; O54 ; ddc:330 ; business growth ; corporate social responsibility ; corruption ; manufacturing sector ; productivity
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  • 57
    Publication Date: 2017-08-04
    Description: This study aims to analyze the Spanish financial entities that were bailout by the European Union with the main objective to discern the different char- acteristics among them and find out the reasons why in some cases some of them were merged, in other were taken over and in the most problematic cases, needed public funds. Although most of them were saving banks, this paper is not limited to them as the process also affected some banks. The main question is if the financial and accounting information should have been relevant in order to determine the ending situation. However, the re- sults lead to a different conclusion. Applying some statistical techniques (ANOVA, principal component analysis and cluster), the results show that it is not possible to group those entities by common characteristics and, therefore, the information used in this research has not been crucial for the subsequent development of these institutions.
    Keywords: G01 ; G21 ; C01 ; C16 ; ddc:330 ; financial sector ; crisis ; multivariate techniques
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  • 58
    Publication Date: 2017-08-04
    Description: Manufacturing companies require radical changes to achieve the required quantity and quality of their products and respond to market needs quickly. This issue is essential for a correct selection of the planning and control of production. The practical application of a specific tool depends on the classification of their productive system. Currently, to authors knowledge, there is no procedure that allows the selection of a suitable planning tool to be applied in a certain manufacturing company. The proposed procedure allows the companies to identify and to select the mathematical tool that it is best adjusted to its necessities, propitiating a bigger focus to the client, an increase of the level of management of the production, an increase of the level of management of the company, and a more efficient utilization of the resources.
    Keywords: C63 ; ddc:330 ; production systems ; planning and control of production ; mathematical tools ; horizons of planning
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  • 59
    Publication Date: 2017-08-04
    Description: Among the determining factors in export activity, many studies have high- lighted the relevance of the marketing mix. Generally, the majority of them use a variables analysis to focus on specific strategies, in particular, standardized-adaptations. This paper analyzes if there is an interactive effect of strength generated in different variables of the marketing mix that can be associated with different export profiles. The Extreme Learning Machine (ELM) algorithm has been used within the Multilayer Perceptron (MLP) of Artificial Neural Networks (ANN). In addition, the analyses combine a novel approach for sensitivity analysis developed ad hoc for this paper to determine the individual and interactive effects of predictable variables on the dependent variable in classification problems of a dichotomous nature. The results obtained allow us to confirm the existence of the postulated interactive effects, simultaneously revealing the usefulness of ANN and of the sensitivity analysis proposed for research in the area of marketing and, specifically, in firms' internationalization studies.
    Keywords: F2 ; M31 ; ddc:330 ; internationalization ; marketing mix ; Artificial Neural Networks ; Extreme Learning Machine ; sensitivity analysis
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  • 60
    Publication Date: 2017-08-04
    Description: We jointly parameterized the generalized autoregressive conditional het- eroskedasticity that corresponds to the behavior of the variance of three variables: (a) the core Mexican stock market index (IPC), (b) the Emerging Markets Bond Index for Mexico (EMBI) as country risk pointer and, (c) the Mexican three oil basket exports mix (MEZCLA). The variables are used as trend indicators of stocks, bonds and energetics respectively with the ultimate goal of forming a diversified portfolio including such assets. This paper presents the empirical results of an asymmetric econometric trivari- ate GARCH model. The model incorporates the covariance between the variables in order to explain their relationship and we considered the shocks generated by positive and negative innovations. The study involves the pe- riod 2002 - 2013.
    Keywords: C22 ; C52 ; C58 ; ddc:330 ; volatilidad ; rendimiento ; asimetría ; GARCH trivariado ; pronóstico
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  • 61
    Publication Date: 2017-08-04
    Description: In this paper the most relevant results obtained in a survey conducted by 300 users of the "Pablo de Olavide" Seville metro stop are presented. The aim of the paper is twofold. On the one hand, the user profile is analysed: motivations for using the subway, intermodality and flows, whereas, on the other hand, the price elasticity of demand is partially computed by means of the willingness to pay for that specific user profile. In fact, both the particular user profile and Seville metro's characteristics explain some of the obtained results that hopefully will help managers of Seville metro in making decisions.
    Keywords: B21 ; D12 ; R41 ; ddc:330 ; price elasticity of demand ; Seville metro ; user profile analysis ; willingness to pay
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
    Type: doc-type:article
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