Antonio Manresa

University of Barcelona | UB · Department of Economic Theory

Herein we consider Leontief and Ghosh models that partly endogenize both part of final demand and part of value-added. We use Osterhaven's [(2012) Adding Supply-driven Consumption Makes the Ghosh Model Even More Implausible. Economic Systems Research, 24, 101–111] numerical three-sector example to show that anomalies of the sort he finds for a Ghos...

The evaluation of welfare effects should be unambiguous. We show that the Konüs true index of cost of living is numéraire dependent in general equilibrium. This may lead to ambiguous, even contradictory, interpretations of welfare results. To correct this problematic interpretational situation, we propose a normalization of the standard Konüs index...

We show that pure Ricardian trade can account for the empirical evidence that domestic growth is more affected by foreign growth than by trade openness. To do this, we develop a two-country model involving a backward economy that exchanges intermediate goods with a faster growing country. We obtain three main results regarding growth and welfare of...

This paper studies the role of trading partner’ growth and a domestic import tariff in the possibility of growing through trade. To this purpose, a Ricardian model is developed in which a backward economy seeks to increase its long-run growth rate simply by trading with a faster growing partner. It is found that domestic growth may be either negati...

The traditional literature to identify key sectors, based on an input–output demand-side approach, evaluates the impact on sectoral production of the exogenous inflows to activities. This approach has been the centre of an important debate, based on the lack of robustness of the results provided, that questions their usefulness for planning decisio...

In economic literature, some information deficiencies and computational complexities have traditionally been solved through the aggregation of data. In input–output (IO) modelling, researchers have been interested in aggregation since the 1950s. Extending the conventional IO aggregation approach to the social accounting matrix (SAM) framework may h...

We explore the sectoral and aggregate implications of some endogeneization rules (i.e. on value-added and final demand) which have been common in the extended demand-driven Leontief model and have been recently proposed in the supply-driven Ghosh model. Extended linear models are refinements that aim at endowing the linear models with additional ge...

Can international trade act as the sole engine of growth for an economy? If yes, what are the mechanisms through which trade operates in transmitting permanent growth? This paper answers these questions with two simple two-country models, in which only one country enjoys sustained growth in autarky. The models differ in the assumptions on technical...

The purpose of this article is to analyse the importance of farm subsidies for the Extremadura economy. To this end, a computable general equilibrium model for this region is presented, with which we analyse the economic effects caused by a simulated removal of these subsidies. Different scenarios involving the labour market rigidities and tax comp...

Since Round's pioneering contribution in 1985, the conventional approach for analysing the interdependences between economic systems involves multi- regional or multi-country models. The objective of the present paper is to provide a way of representing the linkages between an economy and foreign agents when data deficiencies prevent multi-regional...

We present a decentralized evolutionary mechanism that realizes intertemporal Pareto efficient allocations in an infinite horizon pure exchange economy with n ¸ 2 infinitely lived consumers. We prove that the mechanism is informationally efficient in the sense that no other decentralized mechanism exists (whether it is evolutionary or not) that rea...

In this paper, we follow the tradition of applied general equilibrium modelling of the Walrasian static variety to study the empirical viability of a double dividend (green, welfare, and employment) in the Spanish economy. We consider a counterfactual scenario in which an ecotax is levied on the intermediate and final use of energy goods. Under a r...

This paper analyses the consequences for growth during the transitional period of considering the learning-by-doing process proposed by Arrow (1962) as internal, instead of as an externality. To do this, it develops a simple endogenous growth model with human capital accumulation through external and internal learning processes. The calibrated mode...

Social Accounting Matrices (SAM) are a numerical scheme of the circular flow of income. SAM-based multipliers can be used to determine changes in the relative income of economic agents. In this paper we investigate the process of income distribution in the Catalan economy, using the linear model of SAM multipliers. We also present an additive decom...

This study deals with the economic effects of a firm's social security taxes in the Catalan economy, using an applied general equilibrium model. A novel aspect of the analysis is that it hypothesizes about the incidence of firm's contributions on both employers and employees. The results of a reduction in firm's social security taxation are sensiti...

Las matrices de contabilidad social constituyen bases de datos que incorporan gran cantidad de información económica. Uno de los aspectos más relevantes de estas matrices es su énfasis en el sector hogares, incorporando generalmente una desagregación del mismo en diferentes grupos de acuerdo a distintos criterios socioeconómicos. El principal objet...

In this paper we estimate sectoral energy intensities and CO 2 emissions for the Catalonian economy. In order to evaluate energy intensities, we use the SAM (Social Accounting Matrix) multiplier analysis applied to a Social Accounting Matrix of the economy. CO 2 emissions are estimated by means of the Leontief input-output submodel of the SAM, toge...

In this paper, we estimate sectoral energy intensities and CO<sub align="right"> 2 </sub> emissions for the Catalonian economy. In order to evaluate energy intensities, we use the SAM (Social Accounting Matrix) multiplier analysis applied to a SAM of the economy. CO<sub align="right"> 2 </sub> emissions are estimated by means of the Leontief input-...

El objetivo de este artículo es medir la influencia de los precios de los factores y de las importaciones sobre los precios de los sectores productivos catalanes. La metodología de análisis se ha basado en el modelo input-output de Leontief, que permite cuantificar los cambios sobre los precios de las ramas productivas ante alteraciones en sus resp...

The main objective of this paper is to determine how prices may change when some components of the cost structure concerning activity branches are modified. In doing so, an input-output price model is implemented to analyse the regional economy of Extremadura. This methodology allows us to capture both direct and indirect effects yielded by the pro...

The objective of this paper is to extend the model of linear multipliers to represent the circular flow in an open economy. Specifically, we incorporate the links between the domestic economy and the foreign sector in the calculation of generalised multipliers. Additionally, we present a decomposition of the multipliers that allows us to identify t...

The objective of this paper is to compare two Spanish economies: the Catalan economy and the one from Extremadura, using two 1990 Social Accounting Matrices (SAM). First, we present the structure of production related to these economies. Second, we compute an index of similitude over these SAMs in order to determine the similarity between these reg...

Abstract. We consider a discrete time, pure exchange infinite horizon economy with consumers and consumption goods per period. Within the framework of decentralized mechanisms, we show that for any given consumption trade at any period of time, say at time one, the consumers will need in general an infinite dimensional (informational) space to iden...

El objetivo fundamental de esta obra es el análisis de las actuaciones públicas que conforman el Estado del Bienestar como factor de redistribución de la renta en España; cuestión que aborda utilizando un enfoque microeconómico en el que el hogar es el sujeto de análisis que soporta impuestos y recibe prestaciones. La investigación evalúa el efecto...

Data for the article, in Excel format.

El objetivo de este trabajo es contribuir, desde una perspectiva teórica, al análisis de la importancia que puede tener el comercio entre países en la difusión del crecimiento entre los mismos. Se plantea si es posible transmitir la tasa de crecimiento sostenida de un país a otro mediante el comercio. Se presenta un modelo donde esto es posible cua...

Within the standard linear framework, a methodology, formally similar to the labour theory of value, is proposed to compute the direct and indirect commodity contents of any produced good. The proposal is then compared with the more familiar social accounting matrix (SAM) accounting procedure, using an appropriate partitioning of the SAM accounts....

We consider a discrete time, pure exchange infinite horizon economy with two or more consumers and at least one concumption good per period. Within the framework of decentralized mechanisms, we show that for a given consumption trade at any period of time, say at time one, the consumers will need, in general, an infinite dimensional (informational)...

The topics related to the income distribution are specially interesting when we try to measure the social and economic impacts of a economic policy given decission. When a strategy of balanced development is tried to imply in a given country or region, inequality, poverty, unemployment, etc, not only economic growth, are important topics. The study...

Las matrices de contabilidad social constituyen un importante instrumento cuantitativo vinculado a la modelización económica. La amplia información que estas matrices incorporan les permite constituir una adecuada base para la construcción de diferentes modelos, con los que valorar los efectos resultantes de distintas medidas de política económica...

National policymakers are increasingly aware that their tax policy options are constrained by international tax competition. Important features of national tax systems - notably the tax mix, tax rates and rules which define the tax base - will influence decisions of firms and individuals regarding the location and (re)structuring of economic activi...

We show that the pseudo empirical maximum likelihood estimator can be recast as a calibration estimator. The process of estimating the probabilities pk of the distribution function can be done also in a maximum entropy framework. We suggest that a minimum cross-entropy estimator has attractive theoretical properties. A Monte Carlo simulation sugges...

We present a simple OLG model with a convex technology in which physical capital exhibits a productive externality, and workers receive part of the social rents generated by that externality. This setup allows for sustained growth without incurring poverty traps. Moreover, every equilibrium path displays constant interest rates as suggested by some...

We present a decentralized mechanism (called Lindahl Egalitarian), which yields Pareto efficient and envy free allocations (i.e. fair outcomes). We show that the mechanism is informationally efficient in general production economies with an arbitrary, but finite, number of private and public goods, and a finite number of agents. The mechanism reduc...

The purpose of this paper is to show that the general mathematical theory of decentralized resource allocation processes can be extended to infinite dimensional spaces. We extend a topological result due to Hurwicz and we also offer an economic example as an application of the general theory. This example extends some previous results to the case w...

This research examines infinite time horizon economies in which exhaustible resources act as inputs in the production of final consumption goods. Attention is focused on two problems: (1) The institutional aspect of the so-called survival problem; i.e., given that an economy has available some technology that can sustain feasible and positive level...

We would like to thank Professor Hurwicz for the advice and encouragement received. We are responsible for any remaining errors.

In this working paper we study the empirical viability of a double dividend (green, welfare, and employment) in the Spanish economy using a Computable General Equilibrium model. The model is of the walrasian static multisectorial kind, and it is calibrated by using a 1995 Social Accounting Matrix of the Spanish economy compiled using data from the...

L'autor analitza el concepte de cohesió social, la importancia que té per a un bon funcionament de la societat i la relació d'aquest concepte amb les politiques socials de l'Estat del Benestar. La cohesió social té a veure amb les possibilitats que els agents socials perceben per a desenvolupar els seus plans de vida, en igualtat de condicions que...