Cuadernos de Economía. Número 118. 2019

Permanent URI for this collectionhttps://hdl.handle.net/10486/690959

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Clasificación de las empresas familiares en base a sus valores
(Elsevier España, S.L.U., 2019-04) Santos Martos, Elena; Ayala Calvo, Juan Carlos; Rodríguez Osés, J. Eduardo
Family businesses are numerous and different, their heterogeneity show a multiplicity of objectives and results. Traditionally family firms are classified in terms of their structure, size, ownership, etc.; but few studies have been focusing on the values of the family business, it´s a key aspect that determines the degree of familiarity of these organizations. We propose a own typology centered on the values of the dominant family group on three key dimensions: ownership, management and continuity. The study of these dimensions allows us to classify the Family Business (FB.) into three groups: pure, mixed (owner and executive) and professionalized. This classification is useful to homogenize the findings of research on FB. Given the importance of this classification, we wanted to confirm whether this type can be applied to business reality in Spain and we have confirmed that the degree of familiarity can help us classify these organizations
Predictability and self-similarity in demand maturity of tourist destinations: The case of Tenerife
(Elsevier España, S.L.U., 2019-04) Flores-Muñoz, Francisco; Gutiérrez-Barroso, Josúe; Báez-García, Alberto-Javier
This work aims to explore the behavior of a mature island tourist destination, Tenerife, according to the Autoregressive Fractional Differencing Integrated Moving Average (ARFIMA) model. This behavior will be compared to several other destinations, in an increasing geographical scale. Relevant lessons will arise for policy making at the short and long run. Predictability seems to be available but only for a limited horizon. Self similarity across geographic level seems to arise from the results. These findings complement previous conceptualizations like classic TALC (tourism area life cycle) based on long term predictability
Efectos y canales de transmisión del tipo de cambio sobre la producción sectorial en Colombia
(Elsevier España, S.L.U., 2019-04) Quintero Otero, Jorge David; Ruíz Celis, Johan
This paper estimates the effect of exchange rate on production in Colombia´s economic sectors for the period 2000-2015. In order to achieve this goal, a panel data regression model is estimated using the Fully Modified Ordinary Least Square (FMOLS) approach. This technique modifies least squares to account for endogeneity and serial correlation effects that result from cointegration between variables. This research also tries to identify the demand and supply channels that are relevant in the transmission of the effects of exchange rate on sectoral production. The results show that the exchange rate has a significant and positive effect on production in Colombia with an elasticity around 0,7, and the construction and mining sectors being the most responsive to changes in the exchange rate. It was also found that the level of international trade (aggregate demand channel) is the main explanation for the sectoral differences in the impact of the exchange rate on production
Control óptimo de las expectativas de inversión: Una política alternativa para la administración contracíclica de la demanda efectiva
(Elsevier España, S.L.U., 2019-04) Firmenich, Mario Eduardo
In the traditional theory of economic policy managers had a perfect knowledge of reality and could achieve a “fine tuning” in their management. But, assuming rational expectations, optimal control is impossible for managers making discretionary decisions. Thus, the theory of optimal control lost its place against the theory of games that formalized agents of strategic behavior. In this work, a synthesis is tested between the optimal control technique and the expectations of the private agents; for this, the optimal control is not exercised over monetary or fiscal variables, but over expectations, whose credibility is based on institutional transformations. The model of the inventories cycle shows an oscillation of the marginal propensity to invest. An endogenous investment is then formalized, whose propensity to invest is a function of expectations, and the technique of optimal control is applied to investment expectations. The result is the stabilization of the inventory cycle.This formalization is consistent with Keynes’s (1936) views on the desirability of stabilizing the cycle not by stopping investment in the boom but by stimulating consumption to make the boom sustainable
Socioeconomic inequity in long-term care use in Europe
(Elsevier España, S.L.U., 2019-04) Armijos-Bravo, Grace
We investigate the determinants of the use of long-term care services provided at home as well as the degree of horizontal inequity that may exist in the use of this type of services for a sample of dependent individuals living in Netherlands, Denmark, Sweden, Italy and Spain, using data from 2006/2007. The results suggest that there is not an equitable distribution of use of formal home care and informal care across the selected countries. Pro-poor inequity is found for formal home care in the Netherlands, Denmark and Sweden while Italy and Sweden shows a pro-rich distribution of use when analyzing nursing/personal home care exclusively. With respect to informal care no evidence of inequity was found for all the countries except Sweden. However, in the case of intensive informal care use pro-poor inequity was found in The Netherlands, Sweden and Italy.
Estrategias del marketing portuario: El caso español
(Elsevier España, S.L.U., 2019-04) Freire Seoane, María Jesús; Pais Montes, Carlos; González Laxe, Fernando
Traditional ports have modified their patterns of behaviour, and currently they are working on strengthening their marketing strategies aiming to address a global market, where increasing competition, demand for new infrastructures as well as easiness to access and to operate are the new norms. This article sets out the news ways and processes to deal with the tasks related to port corporate governance as regards to the promotion of their marketing. The article analyses the quantitative structures in the specific case of the Spanish Ports, from which two strategic lines are obtained: marketing focused on increasing cargo volumes, and marketing focused on increasing connectivity. Finally, the article also quantifies the results of the efforts by the 28 Port Authorities on the marketing field, and presents their positioning using an analysis of the principal components of these indices

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