Carlos Rodríguez

• PhD in Economics
• Professor at University of the Basque Country

Purpose The authors’ goal in this paper is to study if there are long-run effects on the wages of those workers who entered the labour market overeducated but who have, over time, been able to overcome this situation by obtaining a job for which they are correctly matched. Design/methodology/approach This study universe is constituted by workers e...

This study sheds light on the finance–growth link by (i) carefully taking into account the lessons learned from the empirical literature, (ii) extending the period of analysis to include the years following the global financial crisis (GFC), (iii) adding the monetary‐policy regime as a concomitant factor in this relation, and (iv) running different...

This article examines the extent to which Colombia's trade liberalization, as a government strategy to boost its exports, has helped to balance its structural trade deficit. Based on the trade gravity model theory, we derive two-way specifications (Colombian exports and imports) in order to analyze bilateral trade flows (fuels and non- fuels) betwe...

This study applies a comparative political economy approach to institutional theory by considering institutional convergence and geopolitics as determinants of Chinese outward foreign direct investment (OFDI). Using country-level data for a sample of Asian countries, including Bamboo Network countries or countries with prominent overseas Chinese bu...

This paper compares the home employment performance of Spanish “switching” companies, which carry out Foreign Direct Investment for the first time, with employment performance corresponding to non investing local (national) companies. We use data from manufacturing firms for the period 2000–2013. The counterfactual group of national companies is ob...

This article evaluates the potential of the Post-Keynesian literature on growth models to gain influence over the Varieties of Capitalism approach within Comparative Political Economy. It shows that the future analytical strength of the latter approach depends, primarily, on the ability to consolidate macroeconomic principles consistent with a dyna...

This study explores the role of institutional settings, in their path dependence, stability and complementarity, in determining aggregate economic performance at the country-level. Cross-country differences in institutional design are operationalised in this study as national institutional settings: firstly as institutional configurations in the Va...

Across the globe, the unprecedented coronavirus-19 (Covid-19) pandemic has triggered immediate response by national authorities to soften adverse economic impacts. Considering the situation’s novelty, this study incorporates an empirical approach to determinants of choice of extraordinary government and central bank response, controlling for macroe...

The study analyses the relevance of the trade agreement between Colombia and the European Union as a policy that promotes trade between them (export and import flows) and, subsequently, establishes its effectiveness in reducing the trade deficit of the former. Furthermore, the paper analyses the determinants of trade flows between the parties, emph...

This paper analyses the relevance of Colombian institutional quality in recent years in terms of the performance of its exports within a framework of trade openness. Based on the trade gravity model, we examine the effect of governance on the evolution of Colombian exports through an econometric approach that identifies, on the one hand, the influe...

"En Economistas sin Fronteras partimos de la importancia de las instituciones universitarias y reconocemos su función social. Y somos conscientes del impacto que ésta es capaz de provocar en las nuevas generaciones. Es por ello que Economistas sin Fronteras Euskadi formamos parte de Unibertsitate Kritikoa Sarea (UKS), red compuesta por ONGD, movimi...

This paper furthers and updates the research on the nature of the so-called global trade slowdown. Not only do we explain and discuss the determinants of this phenomenon, but we also offer an empirical description of the recent evolution of trade and trade elasticity. With the purpose of testing whether this is a structural phenomenon or not, we bu...

The Kyrgyz Republic is a country with a transitional economy. Its growth performance is constantly one of the lowest compared to the other members of the Commonwealth of Independent States. This weak performance is mainly caused by political instability and high corruption. Despite being a leading reformer in the region, the country has not done en...

The paper analyses the monetary policy responses of the European Central Bank (ECB) to the global financial crisis and the European sovereign debt crisis. Our goals are on the one hand to explain chronologically the main measures in conventional and unconventional policies adopted by the ECB and on the other hand to analyse their effects on key int...

In this paper, we analyse empirically the determinants of the decision to export, and the export share of manufacturing firms using a large balanced panel database of firms from Spain, spanning from 1990 to 2012. We are particularly interested in investigating these determinants by controlling for state dependence, unobserved heterogeneity and endo...

In this paper we examine how business cycles in the home country affect outward flows of FDI (OFDI). We employ a panel data set of OFDI flows for a representative sample of countries from 1970 to 2011. The findings of the regression models that we have used are consistent with the hypothesis that OFDI flows behave pro-cyclically. This is the case f...

In most developing countries, where agriculture is the main economical source, clusters have been found as a booster to develop their economy. The Asian countries are now starting to implement agro-food clusters into the mainstream of changes in agriculture, farming and food industry. The long-term growth of meat production in the Kyrgyz Republic d...

This Forum aims to systematically describe and analyse the evolution of national financial systems within the EU over the past three decades. It analyses the processes of financialisation that have dominated this period as well as the causes and consequences of the financial crisis from the perspectives of five individual member states — Germany, F...

This paper evaluates the knowledge–capital model (KCM) of foreign direct investment (FDI) as defined by Braconier et al. (Rev Int Econ 13(4):770-786, 2005). The model predicts that there are both horizontal and vertical motivations for engaging in FDI. The horizontal motives regard access to new markets in the case of trade frictions, whereas the v...

The Erasmus Programme for higher education students is supposed to play an important socio-economic role within Europe. Erasmus student mobility flows have reached a relevant level of two million since 1987, boosted in recent years by the enlargement of the programme to eastern countries. Thereafter, it seems that flows have staggered. In this cont...

In this paper, we approach empirically the influence of trade union (TU) bargaining power on delocalization strategies by analyzing the determinants of processing trade data as a proxy for delocalization and using an index that measures TU bargaining power as the main explanatory variable. Trade processing data were collected for European countries...

Foreign real estate investment in Spain has grown considerably during the last decade, representing around 40% of total foreign direct investment inflows. This trend has exerted an important macroeconomic effect maintaining a long lasting housing bubble and contributing significantly to finance the rising current account deficit. Foreign real estat...

Un análisis de los procesos de deslocalización productiva: inversión extranjera directa e importación de bienes intermedios en la Industria Vasca Carlos RODRÍGUEZ GONZÁLEZ Universidad del País Vasco carlos.rodriguezg@ehu.es Ricardo BUSTILLO MESANZA Universidad del País Vasco. ricardo.bustillo@ehu.es. Recibido: 6-4-09 Aceptado: 15-5-09 RESUMEN En el...

The phenomenon of the offshoring is a very ambiguous one. Nowadays, it is very complicated to make a clear-cut distinction among the offshoring and the related phenomenons of international production and foreign direct investment. This paper tries to clarify the former concept, and, at the same time, to show the elements that make the offshoring pr...

In the literature of foreign direct investment (FDI) and international business, an increasing attention is being paid to the comparative study of countries' attractiveness for FDI. The United Nations Conference on Trade and Development has developed several indices to evaluate and compare the location advantages of the countries and their relative...

The present article reexamines some of the issues regarding the Knowledge-Capital Model that encompasses both horizontal and vertical Foreign Direct Investment. The empirical support for this model is however mixed. This article proposes a new way of estimating coefficients by allowing them to vary over time. The estimation results obtained using d...

The present article reexamines some of the issues regarding the Knowledge-Capital Model that encompasses both horizontal and vertical Foreign Direct Investment described in detail in the literature. The empirical support for this model is however a mixture. This article proposes a new way of estimating coefficients by allowing them to vary over tim...

The present article reexamines some of the issues regarding the Knowledge Capital Model that encompasses both horizontal and vertical Foreign Direct Investment described in detail in the literature. The empirical support for this model is however a mixture. This article proposes a new way of estimating coefficients by allowing them to vary over tim...

Durante las últimas décadas las economías latinoamericanas han liberalizado sus balanzas de capital y sus mercados de capitales y financiero-bancarios nacionales con el objetivo de acelerar el ritmo de crecimiento económico. Se daba por hecho que los países latinoamericanos padecían una profunda escasez de capital y un funcionamiento ineficiente de...

Developing economies have been recommended strongly since the 1980s by international organizations (WB, WTO, IMF, UNCTAD) to rely primarily on foreign direct investment (FDI) as a source of external funds and as an engine for growth. It is argued that FDI is superior to other types of capital flows, acting as a kind of ‘good cholesterol’, because i...

RESUMEN El presente trabajo tiene como objetivo el estudio de la inversión extranjera directa recibida por las Comunidades Autónomas. En concreto el propósito es doble: primero valorar el éxito relativo que han tenido las mismas en la captación de esos flujos con un índice relativo de inversión extranjera directa y en segundo lugar su potencial p...

La ampliación de la Unión Europea a los países de la Europa Central y del Este ha planteado la posibilidad de que los flujos de inversión directa antes recibidos por los países de la UE-15 se desvíen hacia los nuevos Miembros. Diversos estudios concluyen que los países del Sur de Europa pueden ser los más perjudicados por esta relocalización de la...

España ha sido un país atractivo para la recepción de flujos de inversión extranjera directa, especialmente durante los años siguientes a la incorporación en la Unión Europea. Sin embargo, la reciente ampliación de la Unión Europea ha hecho que aparezcan nuevos competidores que pueden poner en peligro su posición como uno de los principales recepto...

El presente trabajo es una recopilación de las principales fuentes estadísticas sobre la inversión extranjera directa (IED), así como de la literatura más reciente sobre dicho fenómeno. Como todo intento de realizar un survey representativo queda limitado por el propio conocimiento de los autores y por sus preferencias subjetivas a la hora de centr...

The theoretical literature about the potentially positive spillovers arising from foreign direct investment underlines the existence of diverse channels through which local enterprises can benefit from the presence of foreign affiliates, contributing so to a higher economic growth. In this work it is put in doubt the existence of them for the Irish...

RESUMEN En este estudio se han comparado, para el periodo 1988-1995 y para el caso del País Vasco y Cataluña, una serie de indicadores de los sectores industriales más penetrados por el capital extranjero con el resto de los sectores. Los resultados coinciden para ambas comunidades autónomas sobre el carácter más concentrado, mejor remunerado, más...

El objetivo del trabajo es discutir a raíz del "boom" de la inversión extranjera directa española durante los últimos años su relación con los flujos de exportaciones por países de destino. Para ello, además de adelantar alguna duda sobre la sostenibilidad de este proceso, se argumenta de manera preliminar la existencia de una relación aparentement...

Foreign direct investment (FDI) has been used as a tool to improve the competitiveness of countries or regions affected by a structural crisis focused in the industrial sector. Spain, in general, has implemented this strategy successfully. However, the inflows of FDI in Spain have been concentrated in the most dynamic regions: Madrid and Catalonia...

1. Introducción De manera creciente, la inversión extranjera directa (IED) ha ido cobrando protagonismo en detrimento de las inversiones en cartera como herramienta para acelerar los procesos de transformación estructural y de desarrollo en las economías en desarrollo. Frente a las inversiones en cartera, las inversiones directas tendrían como prin...

La literatura teórica sobre los potenciales efectos externos positivos de la inversión extranjera directa enfatiza la existencia de diversos canales a través de los cuales las empresas locales pueden beneficiarse de la presencia de filiales extranjeras, facilitando así un mayor crecimiento económico. En este trabajo se pone en duda la existencia de...

Objetivo: @@ La tesis trata sobre el fenómeno de la inversión extranjera directa y laempresa multinacional indistintamente. En la primera parte el trabajo seenfrenta a esta cuestión desde un punto de vista teórico y en la segundatratando de arrojar algo de luz al caso concreto del País Vasco y Cataluña. Así estructurado, en la primera parte se ha e...