Miguel A. Márquez

University of Extremadura | UNEX · Department of Economics

During the last few decades, the gap between the most prosperous metropolitan areas and the rural areas has widened, especially since the 2008 crisis. This gap has been particularly relevant in relation to population and employment. However, the bi-directional links in terms of population and employment between rural places and the most urbanized a...

Applying a spatialized data envelopment analysis, this paper estimates and analyzes the efficiency of European Union NUTS‐2 regions during the period 2000–2014. The space‐dependent efficiency scores estimated with the proposed model show a bimodal distribution that is not detected by the aspatial approach. The results confirm the crucial role of lo...

Shift‐share analysis has been extensively used to investigate the different drivers of changes in socioeconomic variables in both spatial and non‐spatial contexts. This paper presents a comprehensive shift‐share formulation that, by considering all the possible interactions between the geographical and sectoral variables that interplay in a non‐spa...

Grounded in the general equilibrium framework of regional adjustment models, this paper studies how the spatial distribution of sectoral employment can affect the intra-regional spatial location of a population, and so affect territorial development. Although spatial interactions, spatial heterogeneity and sectoral heterogeneity have been introduce...

This paper examines the global soybean market in a holistic way, analyses the land use and other historical determinants of soybean exports, such as labour and capital endowments, soybean productivity, international prices and demand conditions through an empirical model. In addition, it pays particular attention to the role of leading exporters in...

The aim of this paper is to understand the factors influencing business tourism on a global scale, in order to assess the competence of the countries in this tourism segment and prescribe them guidelines for action. For the development of data analysis, a growth rate model was estimated and a sample of 136 countries for the years 2005 and 2009 was...

This paper introduces a new specification for the nonparametric production-frontier based on Data Envelopment Analysis (DEA) when dealing with decision-making units whose economic performances are correlated with those of the neighbors (spatial dependence). To illustrate the bias reduction that the SpDEA provides with respect to standard DEA method...

The traditional shift‐share analysis and its existing spatial versions fail to detect the simple effects related to the underlying spillovers derived from the neighbourhood and regional contexts. This paper presents a formulation of the spatial shift‐share that incorporates novel effects and classifies the regions in a multi‐contextual framework (n...

This paper examines whether foreign direct investment in one country helps to increase foreign investment in other countries with a similar degree of corruption. Our estimates are based on an unbalanced annual panel of 164 countries over the 2005–2015 period. Using spatial econometric techniques, our main findings reveal that foreign investment in...

This article aims to understand the determinants influencing the number of association meetings held in countries worldwide and which may be controlled by their economic agents and policymakers. For this purpose, we use a dynamic panel model with data provided by the Data World Bank, the World Travel & Tourism Council, and the International Congres...

Este artigo tem como objetivo identificar os determinantes (macro) que influenciam as receitas do turismo de negócios dos países à escala mundial e que podem ser suscetíveis de controlo por parte dos seus agentes económicos e decisores políticos. Para o desenvolvimento do estudo empírico, foi estimado um modelo em painel dinâmico pelo Método dos Mo...

Spatial inequality measures should take into account the geographical position of the data of reference if the focus is on the spatial aspects of territorial inequality. However, these traditional spatial inequality measures like the Theil index do not distinguish among different locational situations. On the other hand, when analyzing the spatial...

Este artigo visa analisar a evolução das reuniões associativas internacionais e do número de delegados das reuniões associativas internacionais, assim como compreender, de forma exploratória, se os planeadores de reuniões, tendem a ir de encontro aos requisitos esperados pelos principais intervenientes numa reunião internacional. Para efeitos da re...

This article aims to identify the determinants that influence business tourism income and that may be controlled by economic agents and policy makers of destination countries. For the development of the empirical study, a dynamic panel model by the GeneralizedMethod ofMoments (GMM) was estimated using the Gretl 2016a software, and a sample of 122 c...

This paper analyses region-level technical efficiency in nine European countries over the 1995–2007 period. We propose the application of a nonparametric conditional frontier approach to account for the presence of heterogeneous conditions in the form of geographical externalities. Such environmental factors are beyond the control of regional autho...

According to the theoretical postulates of the New Economic Geography, the ability of ports to attract traffic from the economic activity centres should be influenced by their geographical location regarding them. The aim of this paper is to test that hypothesis through the Spanish case study by introducing the concept of market potential in the an...

The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region. Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should thus be evaluated in terms of their impact on the eco...

The role of imported inputs (capital and intermediate goods) and foreign direct investment [FDI] on economic growth as a mechanism of international technology transfer has been highlighted by different growth models. However, empirical evidence regarding the concurrent impact of both imported inputs and FDI on economic growth is still scarce. The m...

This article contributes to the recent literature in spatial econometrics that focuses on space–time data modeling implementing a multilocation time-series statistical framework to analyze a regional system. Drawing on the global vector autoregression approach introduced in Pesaran, Schuermann, and Weiner, a multiregional spatial vector autoregress...

This paper aims at determining the factors that influence the growth of international business tourism and understanding whether the demand growth of business tourism spreads across neighbouring countries. For the development of the empirical research, data has been collected from a sample of 136 countries worldwide, and spatial econometric techniq...

Resumo | Este artigo tem como objetivo contribuir para a compreensão dos fatores que influenciam o turismo de negócios à escala mundial, de forma a avaliar-se a competência turística dos países junto deste segmento e ser-lhes prescrito orientações que os auxiliem a conquistar quota de mercado a nível internacional. Para o desenvolvimento da investi...

Regional disparities have been measured mainly using a variety of concentration statistics applied to spatial data. This article modifies a factor decomposition of the Theil index of inequality allowing to assess which part of regional income inequalities could be due to neighborhood features. The proposal is illustrated for the case of the Spanish...

A crescente sensibilização para a deterioração do meio ambiente, durante as últimas três décadas, determinou um reforçado interesse em contas ambientais por parte dos governos e agências internacionais. No entanto, como estas contas são geralmente compiladas a nível nacional, podem não ser suficientes para dar informações precisas para os processos...

Resumo 1 A previous version of this paper was the winner of the 2014 Bartolomeu Prize, that awards the best paper of a young scientist (less than 33 years old) presented in the annual congress of APDR (the Portuguese Association for Regional Development). 2 We would like to thank Geoffrey Hewings, Director of the Regional Economic Applications Labo...

The aim of this paper is to understand the factors influencing business tourism on a global scale, in order to assess the competence of the countries in this tourism segment and prescribe them guidelines for action. For the development of data analysis, a growth rate model was estimated and a sample of 136 countries for the years 2005 and 2009 was...

O turismo de negócios é um segmento turístico em grande crescimento que tem concedido aos países uma multiplicidade de benefícios de natureza económica, social e cultural. Neste contexto, torna-se imperativo aprofundar o conhecimento sobre os determinantes de crescimento de curto e médio prazo do turismo de negócios à escala mundial, de modo a ser...

The increasing awareness of the deterioration of the environment during the past three decades has given rise to the enhanced development of environmental accounts by governments and international agencies. However, as they are generally compiled at a national level, they may not be sufficient to yield accurate information for environmental decisio...

The aim of this article is identify the determinants of growth in the short and medium term of international business tourism. For the development of the empirical study, we estimated a multiple regression model, using the Eviews 6.0 software, after collecting a sample of 136 worldwide countries for the years 2005 and 2009. The study shows that, th...

This paper provides a spatial vector autoregressive (SpVAR) analysis of growth spillovers for the Spanish regions over the period 1965–2003. First, a spatial Granger causality analysis is performed that indicates the relevant impact of spatial spillover effects across regions in Spain. Second, the empirical research offers a contribution in the con...

A procura no segmento do turismo de negócios tem vindo a crescer nas últimas décadas e tem concedido aos países um conjunto de benefícios económicos, sociais e culturais importantes. Todavia, as políticas desenvolvidas pelos planeadores e decisores dos destinos de negócios são frequentemente pouco eficazes, na medida em que estes atores muitas veze...

Although the evaluation of European Union regional policy is necessary to improve the effectiveness of the operational programmes, it is not usual to find studies comparing the efficiency of two programming periods for the case of a particular region. This could be explained by the fact that, at regional level, the study of the efficiency of the Eu...

According to the scientific community, business tourism is a major growth sector in the global context, which has granted to the countries a multitude of economic, social and cultural benefits. Therefore, several researchers have emphasized the importance of developing more research in this area of knowledge. This paper aims to contribute to the un...

In recent decades, spatial effects have been incorporated into mainstream economics. Nevertheless, although the addition of these spatial effects to the inequality indexes would be a natural extension in this line of research, to our knowledge, there are not contributions assessing neighborhood effects in measures of regional economic inequaliti...

Unequal regional development is a feature of most Latin American countries [LAC] (see Cuadrado-Roura and González-Catalán 2013). As the spatial agglomeration of economic activity has become an important determinant of a country’s economic growth pattern (Puga and Venables 1999), much of the existing empirical research in Latin American has been foc...

This paper explores the changes of trade composition in the Food Products, Beverages & Tobacco industry in the European Union (12 countries) from 1985 to 2007, using an empirical modeling framework based on the statistical support proposed by Marquez et al. The contribution of this study is mainly empirical. On the one hand, we investigate whether...

The effects of public capital on economic growth have received a great deal of attention in the recent economic literature. In this context, our work is focused on the relationship between public and private capital at the regional level. Thus, the main purpose of this paper is to formulate a Multiregional Spatial VAR model for the Spanish regional...

After a wave of empirical literature on regional competition focused on issues related to regional convergence, work developed recently has tried to address some of the shortcomings of the previous literature, developing a series of alternative approaches that center their attention on the assessment of regional economic performance. These alternat...

The aim of this paper is to study whether corruption spreads across neighboring countries. Spatial econometric techniques are used to analyze corruption interactions, testing whether the perception of corruption in neighboring countries affect a country's own corruption once other variables are controlled for. For a given country it is found that c...

Recently, a significant share of the empirical analysis on the impact of public capital on regional growth has used multivariate time-series frameworks based on vector autoregressive (VAR) models. Nevertheless, not as much atten-tion has been dedicated to the analysis of the long-run determinants of regional growth processes using multi-region pane...

In this paper, a combined cross-section and time-series econometric analysis of Spanish regional growth is presented. This analysis operates with a database where the number of cross-sectional units is small for a typical panel of data, while the time dimension is clearly dominant. First, using recent techniques in the econometric analysis of panel...

In the framework of approaches to assessing the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructure for the regions of Spain using a structural vector autoregressive (S-VAR) method. Methodologically, the main contribution is the proposal of a novel form (through bi-regional models) of estim...

The objective of this article is to present a new way to incorporate the sectoral dimension within the components of regional growth provided by the traditional shift-share analysis. The new methodology elaborates the way that the dynamics of a specific sector in a region are influenced by the performance of other sectors, the latter decomposed bet...

Within the approaches that have been applied to assess the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructures using a structural vector autoregressive (SVAR) methodology for the Spanish regions. From a methodological point of view, our work contains different innovative features with resp...

Resumen En este trabajo se detectan externalidades vinculadas al comercio interregional mediante un modelo dinámico espacio-temporal de corrección de error para datos de panel. De esta forma, se presenta prueba empírica acerca de la existencia de externalidades interregionales relacionadas con el comercio para las 17 regiones que componen el sistem...

En este trabajo se analiza el comportamiento de las exportaciones intracomunitarias de productos agroalimentarios de cada uno de los países-regiones de la Unión Europea (UE-12) durante el período 1985-2006. El enfoque adoptado se ha centrado en el análisis de la capacidad competitiva relativa de cada uno de ellos. La directriz teórica que ha guiado...

Using a spatial econometric perspective, the speed of convergence for a sample of 163 regions of the European Union (EU) over the period 1981–1996 is estimated. For this purpose, we use a specification strategy which allows an explicit modeling of both spatial heterogeneity and spatial autocorrelation found in the analyzed sample. The estimated fin...

In this paper, the nominal wage equation of a Core-Periphery model of New Economic Geography is derived. In order to show empirical evidence of the resulting hypothesis, the nominal wage equation is estimated for the Spanish provinces in the year 2003. Our results illustrate that the market access variable is statistically significant and quantitat...

RESUMEN El objetivo básico de este trabajo es llevar a cabo una ampliación del modelo shift-share estándar para tener en cuenta la localización geográfica a la hora de analizar el crecimiento de variables económi-cas regionales. De esta forma, se tomarán a las regiones vecinas co-mo un nuevo marco de referencia que va a permitir enriquecer los anál...

Starting from the median voter model commonly used in the literature to analyse the determinants of the functional distribution of public spending, we propose a new multiproduct dynamic model that also allows one to classify the nature of the interaction –complementarity or substitutability– between the different categories of government expend...

The main purpose of this article is to show empirical evidence, for the Spanish case, about the influence of the consumers" preferences on the structure of expenditure of the public sector. With this end, a complete system of demand for public consumption has been specified. Thus, besides the standard variables of the studies of demand of governmen...

In this paper we focus on the dynamic effects under which the regional economic growth processes are accomplished, breaking them down into two broad types: neighborhood and economy-wide effects. By means of a proposed dynamic space – time empirical model, the competition structure within a multiregional economic system is developed. Cointegration a...

This article intends to highlight the need of considering explicitly the spatial dimension in the empirical analyses in which interfere cut transversal cross facts spatially referenced. Firstly and for this purpose, it will be described in a summarised way the most prominent theoretical aspects of the techniques of spatial econometrics. Subsequentl...

This paper analyses the influence of economic remoteness in the explanation of per capita GDP disparities across Spanish provinces. In order to do so, we regress provincial per capita GDP on market access and a set of control variables using OLS and IV estimates. The results of our estimations show that market access is statistically significant an...

Exxon Mobil and ConocoPhillips stock price has been predicted using the difference between core and headline CPI in the United States. Linear trends in the CPI difference allow accurate prediction of the prices at a five to ten-year horizon.

We consider forecasting in a small and unstable regional economy subject to structural breaks. In this context, we work with two types of regime-shifting databased models using cointegration theory. The objective of the present work is to analyze the out-of-sample forecasting performance of the two approaches used to construct a short-term regional...

Abstract This paper focuses on the ,dynamic ,effects under which ,the regional economic ,processes are accomplished, breaking them down into two broad types: neighborhood (horizontal) and economy- wide (vertical) externalities. So, by means of a proposed dynamic space-time empirical model, it is allowed,to obtain ,the vertical and horizontal compet...

In this paper, an empirical dynamic model is presented in the context of regional economic interconnections. The model builds upon and extends the one proposed by Dendrinos and Sonis (1990) and can be used in order to make explicit the nature of macroeconomic interactions in the growth of regional economies within a multi-regional system. As an app...

The methodologies for the construction of business cycle indicators when modeling regional economies, are not exactly the same as the ones used at national level. The available information is more limited at regional level, and the basic methodology at national level must be supplemented taking into account the characteristics of each particular re...

Resumo: O obxectivo fundamental deste traballo é levar a cabo unha análise dos puntos de xiro dos distintos sectores productivos da economía estremeña (agricultura, industria, enerxía, construcción, servicios destinados á venda e servicios non destinados á venda) para, a continuación, presentar unha clasificación das ditas ramas estremeñas con resp...

Traditional tools of econometric analysis building rest in almost all cases on the precept that the structure of economy is stable. This asumption is very restrictive in the case of modeling regional economies, where it is very difficult assume that the future will be similar to the past. The objective of this paper is to investigate the effects of...