David Matesanz Gómez

University of Oviedo | UNIOVI · Department of Applied Economics

The aim of this paper is to analyze the dynamic relationship between economic growth and CO 2 emissions for a set of 98 countries over the lengthy period from 1951 to 2014. We describe the topology and hierarchy of countries and introduce a different concept of economic performance based on the idea of dynamic regimes. These regimes are defined by...

This paper studies the dynamics of economic growth and tourism evolution for 80 countries during the period 1995–2016. The variables representing economic and tourism growth are growth rates of per capita GDP and international tourist arrivals per inhabitant respectively. Using the concept of economic regime, the paper introduces a notion of distan...

Hydraulic fracturing or “fracking” is an emerging unconventional technology in the oil and gas (OG)exploitation sector linked to high levels of uncertainty. In this paper, we examine the level of support for fracking in the province of Newfoundland and Labrador (NL). This province is also one of the regions of the country in which fracking could be...

Professional football is a globalized game in which players are the most valuable assets for clubs. In this study, we explore the evolution of the football players’ transfer network among 21 European first leagues between the seasons 1996/1997 and 2015/2016. From a topological point of view, we show that this network achieved an upper limit expansi...

Evolution of the transfer market activities with EFL21 clubs (‘core nodes’) for different geographical regions (chained base). Each panel describes the evolution of the number of regional clubs involved in transfer market activities with EFL21 clubs. (TIF)

Evolution of the network measures (chained base). Different descriptive network measures. Density: density of links/transfers, CC: average (over the network nodes/clubs) Clustering Coefficient, Gsize: number of network links/transfers, Gorder: number of network nodes/clubs, Degree-in: average number of incoming links/transfers per club, Degree-out:...

Transfer spending by each league along the entire period. Transfer spending produced by each league, taking into account all bought players by all clubs in the corresponding league/season, for every season and for all leagues. (TIF)

Extended explanations on network property measures. Measures included degree (connectivity), average path length, density of links and clustering coefficient. (DOCX)

Resumen En este trabajo se muestra el desempeño económico de Argentina desde la etapa de la Convertibilidad, iniciada en 1991. El desarrollo económico del país a largo plazo ha estado ligado, y limitado, a su posición internacional de balanza de pagos en la que el perfil de su inserción internacional es un elemento clave para entender la dinámica d...

In this study, we explore the dynamic relationship between public debt and economic growth by using a non-parametric approach based on data symbolization and clustering methods. The study uses annual data of general government consolidated gross debt-to-GDP ratio and gross domestic product for sixteen countries between 1977 and 2015. Using symbolic...

In this article, we use a correlation matrix and its internal networks to analyse business cycle synchronization across Europe since 2000. This methodology allows us to summarize individual country interactions and co-movements while also capturing the existing heterogeneity of connectivity within the European economic system. Our results indicate...

In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find tha...

This study applies network analysis to analyze the structure of the Euro Stoxx market during the long period from 2002 up to 2014. The paper generalizes previous research on stock market networks by including asset returns and volume trading as the main variables to study the financial market. A multidimensional generalization of the minimal spanni...

This paper analyses the balance of payments constraint in the Argentine economy in the period 2002-2011. Cointegration techniques are employed to estimate Thirlwall’s (1979) model. We analyse the roles of both the total and commodities exports. Therefore, the aim of the paper is to analyse the Argentine external vulnerability during the post-Conver...

This paper revisits the issue of the influence of macro-economic announcements over the exchange rates volatility, but from a different perspective as it is the usual in the econometric literature. By quantifying the impact of world-wide macroeconomic information published in the economic calendar in several recent years we were able to construct l...

The aim of this work is to analyze the regional Spanish growth dynamic from 1955 to 2009. In so doing we introduce two different metrics which permit to compare the economic performance of the Spanish regions based on the temporal series correlation and distance from a dynamic systems framework. By applying a non parametric method to these metrics...

This study applies network analysis to analyze the structure of the Euro Stoxx market during the long period from 2002 up to 2014. The paper generalizes previous research on stock market networks by including asset returns and volume trading as the main variables to study the financial market. A multidimensional generalization of the minimal spanni...

This paper analyses co-movements in a wide group of commodity prices during the time period 1992-2010. Our methodological approach is based on the correlation matrix and the networks inside. Through this approach we are able to summarize global interaction and interdependence, capturing the existing heterogeneity in the degrees of synchronization b...

In this paper we detect the linear and nonlinear co-movements presented on the real exchange rate in a group of 28 developed and developing countries that have suffered currency and financial crises during 15 years. We have used the matrix of Pearson correlation and Phase Synchronous (PS) coefficients and an appropriate metric distance between pair...

This paper investigates the business cycle co-movement across countries and regions since 1950 as a measure for quantifying the economic interdependence in the ongoing globalisation process. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarises the interaction and interdep...

This paper analyses synchronization in business cycles across the European Union (EU) since 1989. We include both old and new European Union members and countries which are currently negotiating accession, as well as potential European Union members. Our methodological approach is based on the correlation matrix and the networks within, which allow...

We propose a volatility and uncertainty country ranking based on the entropic analysis of the real exchange rate dynamics. We show that this ranking is highly correlated with the volatility in the gross domestic product after events of currency crises. By comparing entropy with variance ranking we demonstrate that entropy measures better volatility...

This study examines the impact of trade on Cuban growth during different commercial policy regimes spanning the period from 1960 up to 2004, encompassing two essential economic structural transformations: the Cuban revolution and the fall of the Berlin Wall. For this purpose, the Granger causality is used by means of the modified Wald test for augm...

This paper investigates the business cycle co-movement across countries and regions since the middle of the last century as a measure for quantifying the ongoing globalization process of the world economy. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarizes the interacti...

El objetivo del presente trabajo es mostrar algunas herramientas y métodos procedentes de la econofísica aplicados a los sistemas complejos que son los mercados financieros. Se presentan técnicas en niveles crecientes de complejidad para analizar las crisis cambiarias sufridas durante los años noventa, y, en concreto, para analizar la incidencia de...

Using multivariate cointegration tests for nonstationary data and vector error correction models, this article examines the determinants of trade balance (TB) for Argentina over the last forty to fifty years taking into account that the short-run impacts of currency depreciation on the TB behaviour may differ from the long-run effects. Our investig...

Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years. Our investigation confirms the existence of long-run relationships among trade balance, Real Exchange Rate (RER) and foreign and domestic incomes f...

In this paper we introduce a new method to describe dynamical patterns of the real exchange rate co-movements time series and to analyze contagion in currency crisis. The method combines the tools of symbolic time series analysis with the nearest neighbor single linkage clustering algorithm. Data symbolization allows us obtaining a metric distance...

In this paper we study the hierarchical structure and dynamics of real exchange rate movements in the main Latin American markets. To do this, we introduce a method that combines the symbolic time series analysis (Daw et al., 2003) with the nearest neighbor single linkage clustering algorithm (Mantegna y Stanley, 2000). From symbolization of data w...

En este trabajo se trata de reflexionar sobre las experiencias del desarrollo local en la creación de empleo y, especialmente, de empresas en el marco de la Estrategia de Empleo de la Unión Europea. Partiendo de la conceptualización del desarrollo local como estrategia política del desarrollo endógeno, se revisa el papel del territorio y la innovac...

In this paper we study the hierarchical structure and dynamics of real exchange rate movements in the main Latin American markets. To do this, we introduce a method that combines the symbolic time series analysis (Daw et al., 2003) with the nearest neighbor single linkage clustering algorithm (Mantegna y Stanley, 2000). From symbolization of data w...

This article addresses insights on Argentina's slowness growth performance throughout the period 1968 to 2003 and, especially, on its recent crisis in 2002. Using time series unit roots tests, vector auto-regresive models and cointegration tests, this study deals with the effect of the external sector constraint on Argentinean output expansion and,...

This paper seeks to investigate whether the balance of payments has been a key determinant of the Cuban long-term economic growth during different commercial policy regimes spanning over the period 1960 to 2004. We focus here on built the impact of terms of trade movements into a specification of Thirlwall’s hypothesis. Cointegration multivariate t...

De conformidad con la base quinta de la convocatoria del Programa de Estímulo a la Investigación, este trabajo ha sido sometido a eva-luación externa anónima de especialistas cualificados a fin de con-trastar su nivel técnico. Abstract This paper investigates the casual relationships between the current account and the economic growth during differ...

Economic development in Cuban economy in the last 50 years has been involved in the so called socialist revolution time. In the external sector, the COMECON arrangements have determined its international specialization trade pattern and balance of payments position until 1989. When the Berlin Wall fell down, Cuban economy collapsed showing the malf...

In this paper we introduce a method to describe dynamical patterns for the exchange rate movements in the main Latin American markets and to analyze the contagion phenomena in currency crisis. This method combines Symbolic Time Series Analysis (Daw et. al. 2003) with the nearest neighbor single linkage clustering algorithm (Mantegna and Stanley 200...

In this paper we introduce a new method to describe dynamical patterns of the real exchange rate movements time series and to analyze contagion in currency crisis. The method combines the tools of Symbolic Time Series Analysis [19] with the nearest neighbor single linkage clustering algorithm [35]. Data symbolization allows to obtain a metric dista...

A vast and often confusing economics literature relates competition to investment in innovation. Following Joseph Schumpeter, one view is that monopoly and large scale promote investment in research and development by allowing a firm to capture a larger fraction of its benefits and by providing a more stable platform for a firm to invest in R&D. Ot...

Mexican and Argentine economic growth have shown common features in the last five decades. On one hand, both countries have shown a rapid economic growth before debt crises in the eighties; after those years, growth rate dropped and intense crises occurred (Mexico 1994-95 and Argentine 2002). On the other hand, both economies have shown very differ...

The current economic reality of Africa continues to adhere to a center-periphery model. However, there are currently new elements such as the recent arrival of investment from developing countries as well as the global powers’ renewed interest in foodstuffs and minerals. The aforementioned seems to indicate that Africa is playing a greater and grea...

Using data from a sample of 28 representatives countries, we propose a classification of currency crises consequences based on the ultrametric analysis of the real exchange rate movements time series, without any further assumption. By using the matrix of synchronous linear correlation coefficients and the appropriate metric distance between pairs...

Using data from a sample of 28 representatives countries, we propose a classification of currency crises consequences based on the ultrametric analysis of the real exchange rate movements time series, without any further assumption. By using the matrix of synchronous linear correlation coefficients and the appropriate metric distance between pairs...

We propose a country classification of economic growth currency crisis consequences based on the entropic analysis of the real exchange rate. We show that this ranking is highly correlated with the annual minimum rate of growth, a proxy used to quantify real currency crisis effects.

El propósito de este trabajo es presentar un indicador de ventaja comparativa que pone el énfasis en la distribución de la ventaja comparativa del sector de un país entre distintas regiones comerciales tomadas en consideración. Este indicador difiere de los tradicionales centrados en señalar cuáles son los sectores de ventaja comparativa en el inte...

El presente trabajo indaga sobre el papel que la especializacion tecnologica comercial de Argentina ha desempeñado en la actual crisis economica que vive el pais. El articulo analiza la insercion comercial desde un punto de vista tecnologico y regional, incidiendo en que las relaciones comerciales con distintos socios tienen implicaciones diferenci...

RESUMEN En este trabajo analizamos los co-movimientos lineales y no lineales en los tipos de cambio reales de un grupo de 28 países desarrollados y en desarrollo que han sufrido crisis cambiarias y financieras durante los últimos 15 años. Para ello, hemos usado las matrices de correlación lineal de Person y de Sincronización de Fase y hemos calcula...

En el presente trabajo se aplica el modelo de restricción de balanza de pagos de Thirlwall a la economía argentina en el periodo 1968-2003 y en subperiodos seleccionados. Los objetivos centrales son dos. En primer lugar, a través de dicho modelo indagar en las causas del lento crecimiento económico en Argentina en dicho periodo y, en segundo lugar,...

En las últimas cinco décadas la senda de crecimiento de México y Argentina viene a mostrar rasgos estructurales comunes: por un lado, ambos países registraron un crecimiento relativamente rápido antes de la crisis de la deuda en los ochenta a la par que, durante los noventa, intensas crisis económicas truncaron el crecimiento de este periodo; por o...

Tesis doctoral inédita - Universidad Autónoma de Madrid, Facultad de Ciencias Económicas y Empresariales, Departamento de Estructura Económica y Economía del Desarrollo. Fecha de lectura: 11-06-02 Bibliografía: p. 352-364

Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years taking into account that the short-run impacts of currency depreciation on the trade balance behaviour may differ from the long-run effects. Our inv...