In this paper, we examine whether the business cycle plays a role in marriage and divorce. We use data on Spain, since the differences between recession and expansion periods across regions are quite pronounced in that country. We find that the unemployment rate is negatively associated with the marriage rate, pointing to a procyclical evolution of marriage; however the response of the divorce ...

We find the asymptotic distribution of the OLS estimator of the parameters β and ρ in the mixed spatial model with exogenous regressors Yn = Xnβ + ρWnYn + Vn. The exogenous regressors may be bounded or growing, like polynomial trends. The assumption about the spatial matrix Wn is appropriate for the situation when each economic agent is influenced by many others. The error term is a short-memor...

This paper explores monetary policy decision-making within an insurance model with expected utility-maximizing policy-makers. The authors consider that policy-makers are different in terms of their backgrounds, experience and skills and they may disagree on the appropriate policy response. In a monetary policy committee, they share information and decide on interest rates by means of an agreed ...

Integration is the essence of current research and development (R&D) activity in many organizations. Integration can be established in various ways depending on the type, size and intricacy in organizational functions and products. Nevertheless, research and development (R&D) has become an inevitable function in most manufacturing companies in order to develop their own product niches for their...

Writing research papers and books as well as publishing in scientific journals are very important in universities’ scientific promotion. They have a veto-like role in promotion procedure. Reaching high level in academic procedure is valuable, provided that scientific activities reach the highest points and, above all, can be used in solving each country’s internal problems. Here, by papers, I ...