A measurement to analyze the relative change in the Absolute Parity of Power Purchase: An application to the European Union

In the present paper an index to measure the changes in the Absolute Purchasing Power Parity. in the short term of a group of territories that conform an unique market, using the information of the Harmonized Index of Consumer Prices and the Exchange Rates. This measurement is utilized to study the change in relative prices of the countries of the European Union for the period 1991-2002, and the fulfillment of the theory of the Relative Purchasing Power Parity, taking as a reference the Absolute Purchasing Power Parity in the reference time of the Price Index. The difficulties found to do these comparisons have given rise to multitude of jobs that can be classified in two large groups. In the first group are the efforts focused to find the best instrument to do comparable the figures of the distinct economies. In this line, it is emphasized the use and the advances in the index numbers theory [for a historic revision applied to price index see Diewert, W. (1993), for a theoretical revision see Balk, B. (1995) and Hill, T. (1988)] and the jobs carried out in the International Program of Comparison (ICP), program belonging to the statistical division of United Nations with near 35 years of life, and whose objective is to produce estimations of the National Gross Product and its components, that can be comparable among countries in real terms. It utilizes the concept of Purchasing Power Parity (PPP), [UN (1992)]. In the same line, the European Program of Comparison is developed by Eurostat and the OCDE since 1980. In the second group the investigations based in the unit price law and the theory of of the PPP to explain the behavior of the rate of change among two or more countries. In this case, the objective is focused in the analysis of the economic implications of its fulfillment or not, and how being able to test its fulfillment [Cheung, AND W., Lai, K. (2000), Engel, C. (2000), Reads, M. (1976), Taylor, A. (2001)] This job is inside of the first group of investigations. An index is defined to reflect changes in the Relative Purchasing Power Parity among a group of countries that do not share a common currency. This measurement can be obtained from Harmonized Index of Consumer Prices (HICP), and from the Exchange Rates among the currencies of the distinct countries. The results show the strong distorting effect that exchange rate has upon the Purchasing Power Parity among countries. The evolution of the internal prices of each country is a residual factor to explain the changes in the Purchasing Power Parity. In this sense, the apparition of euro contributes to a clear stability for the consumers whose countries have adopted the euro than those that have not adopted yet. However, in the euro zone systematic behaviours in some of the countries are detected that indicate that, their Purchasing Power Parity is changing in a systematic way, with regard to the average Purchasing Power Parity of the Monetary Union.

Formulas for Consumer Price Index at the elementary aggregate - A new proposal from the economic point of view

The price level in the aggregate economy and, more concretely, controlling its changes, has become one of the high-priority objectives within the framework of the regional macroeconomic analysis. Its different evolution could modify the interregional capital and commercial flows, being able to cause strong shocks, and of asymmetric nature, in each economy. The first step to reach this objective is obtaining a trustworthy and comparable measurement of the inflation in the different regions to be compared. The Index Number Theory is then used to calculate Consumer Price Indexes (CPI) the regional level. The calculation of CPI is made, at least, in two phases. In the first one, Elementary Price Index is considered (EPI). In the second and later phases, these EPI are combined, along with weighting information based on household’s expenditure, to obtain CPI for different aggregation levels to the country level. As previous step to the calculation of the IPE and CPI, the set of goods and services has to be defined based on households’ consumption behaviour. These sets are grouped in layers, named elementary aggregates, based on their homogeneity of satisfying consumer’s necessities. The COICOP (Classification Of Individual Consumption by Purpose) has important implications at the time of analyzing the behaviour of the consumer within each elementary aggregate, because of a high possibility of substitution between products. Nevertheless, this possibility diminishes and can get to be null when the goods and services satisfy necessities with very different nature. Whether what is wanted it is to calculate an EPI that correctly reflects the consumer behaviour, the described homogenous character cannot be forgotten, especially if, in addition, we take into account that National Statistics Agencies have no expenditure information available for weighting purposes, only data of prices to calculate EPI. This paper is focussed on analysis of the formula used to obtain the IPE, with the limitations of available information just commented. The election of the formula for the IPE has not been widely studied in the economic literature, being the proposal by Carli in 1764 and Dutot in 1738 [ extracted Reference of OIT (2003), chapter 20, pages 12-13 ] the most often used for practical purposes. Nevertheless, Fisher (1922) had already recommended not using the Carli’s formula because of the bias to the rise that it introduces [Fisher (1922), pages 29-30]. Throughout the 20th century different authors has continued looking for the ideal formula extending possible approaches to the subject: the approach of Divisia, the stochastic approach, the economic approach and the axiomatic approach. The final summary of these studies can be synthesized in "Toward to Dwells Accurate Measure of The Cost of Living” by the Advisory Commission To The Study The Consumer Price Index presented in 1996. This report, also known as Boskin’s Report, suggests the use of geometric mean price indices at the elementary aggregate for the EPI, this formula is attributed to Jevons in 1983 [OIT (2003), chapter 20, pages 12-13 ]. In the present paper, we demonstrate that all usually formulas for the calculation of the IPE are incoherent with the theory of consumer behaviour, in an aggregate characterized by the high level of substitution caused by homogeneity in the consumption purpose. In addition, the formula proposed by Rodriguez, González and Rodriguez (2004), is not only superior from the axiomatic point of view, but also from the economic approach, is the only one that is able to reflect the expected consumer behaviour.

Markov Chain approach to Purchasing Power Convergence in the 15 European Union

In the present paper we study the degree of convergence in the European Union from the Purchasing Power Parity (PPP) point of view. The price of the shopping basket can be the cause of disparities in a global market in construction that, like the European Union, is formed by different countries with different consumption habits. In addition, in this construction process twelve out of fifteen countries of the EU have left its national currency to adopt the Euro like common currency. Therefore, it is necessary for the stability of the Union process in the long run that, among others, purchasing power of the different state members tends towards a same common value. Moreover, the question is whether that process of convergence within the European Union is taking place or not. In order to solve this question, the series of the Absolute Purchasing Power Parity (APPP) are estimated through the suggestion of Rodriguez et al (2004). These authors use the Harmonized Consumer Price Index in the European Union and the nominal exchange rates of the different currencies with euro. Monthly estimates of the APPP series for the 1995-2002 period are obtained for each of the fifteen countries. These figures show, for each country, their relative position to the average value of the European Union. Using these series we applied the Markov Chain methodology to study the time evolution of the distribution of APPP in the European Union. This methodology has been very used by its facility of calculation and interpretation of the results. Nevertheless, with the purpose of obtaining good estimations it is necessary to solve the discretization problem of a continuous variable. This is, to use a finite set, and relatively small number of states, for a variable with infinite values. In the present work different approaches are used to solve the problem. We test for structural change on the estimated probabilities using adapted test to Markov Chains. This allows us to study if an effect exists on the Purchasing Power Parity with the entrance of the Euro. Markov Chains are estimated by Maximum likelihood, and allow us to do different analyses. In the first place, we can study the mobility of the distribution, measured through the probabilities of permanence or not in the same state, and in the degree of diagonal structure of the resulting matrix. This objective can obtained by direct observation, calculating Mobility Index, or using expected time of first passage. Secondly, we can obtain the ergodic or long term distribution. This one shows the temporary evolution in the long run of the distribution, under the hypothesis of maintenance of the present conditions. This distribution would show the possible convergence or not of the whole distribution. We also estimate elasticities of ergodic probabilities, to analyze the effect of each probability in the Markov chain in the long run distribution. Results show differences with the Euro Entry, mobility towards convergence within the distribution is slow, with high elasticities of the ergodic distribution to changes in the transition probabilities.

CONSUMER’S SATISFACTION - EXPLANATORY MODELS

When the first studies related to consumer satisfaction began to appear in the sixties, nobody could imagine protagonism that it would reach with the course of the time. Nowadays not only private sector companies dedicate part from their resources to the study of the degree of satisfaction of their clients, but satisfaction studies are more and more increasing preoccupation in the state sector, therefore works related to the satisfaction of the patients, the contributors or with the tourist destiny can be found. Firstly, a revision of the different models that have been used to explain customer satisfaction level is presented, using the cognitive and the affective-cognitive models. In the first case, human being is looking as a rational being that can process information about the different attributes of the services to form his personal satisfaction. The most useful model within this category is the expectation disconfirmation model. These kind of models explain satisfaction as a function of the degree and direction of the discrepancy between expectation and perceptions. It has evolved all over time resulting in a lot of different approaches. We have also studied the equity model, in which consumer does a benefit-cost analysis not only its owns but from the rest of people who take part in the transaction. Finally, in the affective-cognitive models, human being is seeing like a complex being that is not solely an information processor but experiences feelings and emotions that also influence in their judgments of satisfaction. Secondly, it has been realized an empirical application in which we have used the main variables in the expectation disconfirmation model: perceptions, expectations and discrepancies to estimate some logit models. The tourists who visit Tenerife are classified as satisfied or unsatisfied. Then, we model the probability of each characteristic using tourist’s scores on some destination attributes. Two samples have been used. The first one was obtained at the time of arriving; the second one has been made when leaving the island. Since tourists are not necessary the same in both samples, a statistic inference process has been made to use all the information available. The best model is obtained when expectations and perceptions are used at the same time, so we obtain a 75% of right classification. To sum up, we have found that perceptions are the main subject for the tourist’s satisfaction, although we can’t forget the importance of expectations to complete the model.

MEASURING POVERTY IN AN ULTRAPERIPHERAL REGION - THE CASE OF THE CANARY ISLANDS

The Canary Islands (one of Spain's 17 autonomous communities) is considered in the EC Treaty "ultra-peripheral region" which means: i) differences in the development processes and integration that justify certain specific policies (six out of the seven regions involved are among the poorest in the EU). This is related with remoteness, insularity, small size, difficult topography and climate, and the dependence on a small number of products; ii) the remoteness from the mainland countries and climatic conditions (tropical or subtropical) and, iii) the role of EU frontier and the geographical structure characterized by size and distance. With data of the Survey of Social Conditions (2001) we study the income inequality of individuals in The Canary Islands. Individuals are divided into various subgroups along several dimensions, such as island of residence, age, employment status etc. The difference in inequality between and within the various subgroups is studied using absolute-relative poverty line. We estimate poverty using a subjective approach too, where the level of the poverty line is derived using the opinion of the individual, rich or poor, on poverty. The subjective poverty line used is the Leyden Poverty Line based on subjective questions regarding income and economic welfare.

Unconditional quantile regressions to determine the social gradient of obesity in Spain 1993–2014

Background: There is a well-documented social gradient in obesity in most developed countries. Many previous studies have conventionally categorised individuals according to their body mass index (BMI), focusing on those above a certain threshold and thus ignoring a large amount of the BMI distribution. Others have used linear BMI models, relying on mean effects that may mask substantial heterogeneity in the effects of socioeconomic variables across the population. Method: In this study, we measure the social gradient of the BMI distribution of the adult population in Spain over the past two decades (1993–2014), using unconditional quantile regressions. We use three socioeconomic variables (education, income and social class) and evaluate differences in the corresponding effects on different percentiles of the log-transformed BMI distribution. Quantile regression methods have the advantage of estimating the socioeconomic effect across the whole BMI distribution allowing for this potential heterogeneity. Results: The results showed a large and increasing social gradient in obesity in Spain, especially among females. There is, however, a large degree of heterogeneity in the socioeconomic effect across the BMI distribution, with patterns that vary according to the socioeconomic indicator under study. While the income and educational gradient is greater at the end of the BMI distribution, the main impact of social class is around the median BMI values. A steeper social gradient is observed with respect to educational level rather than household income or social class. Conclusion: The findings of this study emphasise the heterogeneous nature of the relationship between social factors and obesity across the BMI distribution as a whole. Quantile regression methods might provide a more suitable framework for exploring the complex socioeconomic gradient of obesity

Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market

En este artículo se estudia el comportamiento de los precios delas frutas y hortalizas en un mercado mayorista. Los objetivos que se pretendenson: a) explorar el comportamiento de los precios y sus cambios y b)identificar factores estadísticamente significativos en la precepción de losprecios y cuantificar su efecto sobre el precio de mercado. Para ello se usandatos diarios de precios modales obtenidos del mercado mayorista Mercalaspalmasdesde el año 2006 hasta mediados del 2010. Los resultadosmuestran una flexibilidad similar en el aumento y en la reducción de preciose identifican al producto como elemento determinante en la fijaciónde los precios. Se estima una fuerte permanencia del precio, en el sentidode que sus cambios se hacen con retraso y de forma lenta, y se identificancomo factores significativos en la percepción de los precios los siguientes:el tiempo que un precio lleva en el mercado, el tiempo que un productolleva sin cotizar en el mercado, las cantidades comercializadas a un mismoprecio y el índice de precios del mercado. Sin embargo, el efecto cuantitativode este conjunto de factores sobre el precio percibido es muy reducido

Effectiveness of a muticomponent workout program integrated in an evidence based multimodal program in hyperfrail elderly patients: POWERAGING randomized clinical trial protocol

BackgroundShort-term and mid-term comparison of the efficacy of a multimodal program that incorporates a therapeutic workout program, medication review, diet adjustment and health education, in comparison to the standard medical practice in the improvement of the neuromuscular and physiological condition. Furthermore, it is intended to analyse the maintenance of these effects in a long-term follow-up (12months) from the onset of the intervention.MethodsA randomized clinical trial of elderly frail patients drawn from the Clinical Management Unit Tiro de Pichon, Health District of Malaga, will be included in the study (after meeting the inclusion / exclusion criteria) will be randomized in two groups: a control group that will undergo an intervention consistent of medication review + diet adjustment + health education (regular workout recommendations within a complete advice on healthy lifestyles) and an experimental group whose intervention will consist of a multimodal treatment: therapeutic workout program+ medication review+ diet adjustment + health education. The sociodemographic, clinical and tracing variables will be reflected at the beginning of the study. In addition, the follow-up variables will be gathered at the second and sixth months after the beginning of the treatment and at the third and sixth months after the treatment (follow-up). The follow-up variables that will be measured are: body mass index, general health condition, fatigue, frailty, motor control, attention- concentration- memory, motor memory, spatial orientation, grip strength, balance (static, semi-dynamic), gait speed and metabolomics.A descriptive analysis of the sociodemographic variables of the participants will be conducted. One-Factor ANOVA will be used for the Within-Subject analysis and as for the Between-Subject analysis, the outcome variables between both the groups in each moment of the data collection will be compared.DiscussionA multimodal program that incorporates a therapeutic workout program, medication review, diet adjustment and health education may be effective treatment to reduce the functional decline in elderly. The results of the study will provide information on the possible strengths and benefits in multimodal program in elderly.Trial registrationClinicalTrials.gov NCT02772952 registered May 201

Desarrollo de una solución on-line para la gestión de la prevención. Zapatero a tus zapatos

Se presenta una solución para la gestión de la prevención que consiste en un conjunto software-hardware que permite gestionar los permisos de trabajo para el uso de equipos, máquinas, vehículos y los accesos a los lugares en diferentes formas, incluidas las tareas especiales. El citado software está vinculado con el elemento de hardware asociado a cada uno de los entes que integre el sistema de gestión, mediante comunicación entre ambos. El trabajador dispone de una tarjeta que le permite interaccionar con aquellos equipos y lugares para los que dispone de permiso y le impide el uso, arranque o acceso al resto. El técnico de prevención puede programar la actividad, visualizarla, desde un ordenador, en tiempo real y conceder y denegar permisos. Los permisos de uso se vinculan con la existencia de formación, así como con la caducidad y la actualización de la misma. El software es muy intuitivo y puede ser utilizado por cualquier persona con mínimos conocimientos de informática. El elemento hardware, que se enclava a cada equipo, máquina o vehículo no altera su funcionamiento. El desenclavamiento del elemento deja rastro. Mediante la herramienta diseñada se podrá disponer de los datos acumulados de usos y accesos. Los intentos de uso no autorizados por parte de un trabajador se registran como incidencias. La solución desarrollada se está ensayando como experiencia piloto en tres empresas con diferente actividad. Se trata de una herramienta que facilita la integración de la prevención en la organización de la empresa.Agradecimientos al Instituto de Seguridad y Salud Laboral y a la Dirección General de Trabajo de la Comunidad Autónoma de la Región de Murcia y a la Empresa G´s España

Impact of dapagliflozin on cardiac remodelling in patients with chronic heart failure: The DAPA-MODA study.

AIMS Dapagliflozin improves the prognosis of patients with heart failure (HF), regardless of left ventricular ejection fraction (LVEF). However, its effect on cardiac remodelling parameters, specifically left atrial (LA) remodelling, is not well established. METHODS AND RESULTS The DAPA-MODA trial (NCT04707352) is a multicentre, single-arm, open-label, prospective and interventional study that aimed to evaluate the effect of dapagliflozin on cardiac remodelling parameters over 6 months. Patients with stable chronic HF receiving optimized guideline-directed therapy, except for any sodium-glucose cotransporter 2 inhibitor, were included. Echocardiography was performed at baseline, 30 and 180 days, and analysed by a central core-lab in a blinded manner to both patient and time. The primary endpoint was the change in maximal LA volume index (LAVI). A total of 162 patients (64.2% men, 70.5 ± 10.6 years, 52% LVEF >40%) were included in the study. At baseline, LA dilatation was observed (LAVI 48.1 ± 22.6 ml/m2 ) and LA parameters were similar between LVEF-based phenotypes (≤40% vs. >40%). LAVI showed a significant reduction at 180 days (-6.6% [95% confidence interval -11.1, -1.8], p = 0.008), primarily due to a decrease in reservoir volume (-13.8% [95% confidence interval -22.5, -4], p = 0.007). Left ventricular geometry improved with significant reductions in left ventricular mass index (-13.9% [95% confidence interval -18.7, -8.7], p < 0.001), end-diastolic volume (-8.0% [95% confidence interval -11.6, -4.2], p < 0.001) and end-systolic volume (-11.9% [95% confidence interval -16.7, -6.8], p < 0.001) at 180 days. N-terminal pro-B-type natriuretic peptide (NT-proBNP) showed a significant reduction at 180 days (-18.2% [95% confidence interval -27.1, -8.2], p < 0.001), without changes in filling Doppler measures. CONCLUSION Dapagliflozin administration in stable out-setting patients with chronic HF and optimized therapy results in global reverse remodelling of cardiac structure, including reductions in LA volumes and improvement in left ventricular geometry and NT-proBNP concentrations.This study has been sponsored by Sociedad Española de Cardiología and has received funding by a non-conditional investigational grant from AstraZeneca Farmacéutica Spain.S