The project presents three subprojects, each of them with well defined objectives but linked by the goal of deriving rigorous quantitative results. The first subproject analyzes the process of growth and convergence in the EU. The second subproject aims at developing an applied general equilibrium model of the Spanish economy more flexible from a theoretical point of view and more robust from the point of view of the results. The third subproject attemps to estimate the technology using Fourier's flexible form, an approach that presents some important advantages over other flexible forms often used in empirical work; moreover, we also want to study the power of some econometric tests used to detect unitary roots.
|Effective start/end date||27/07/94 → 27/07/97|