SUNK COSTS HYSTERESIS IN SPANISH MANUFACTURING EXPORTS

This paper tests the sunk costs explanation for hysteresis in exports using a sample of Spanish manufacturing firms for the period 1990-2000. The data are drawn from the Spanish Encuesta sobre Estrategias Empresariales. To obtain consistent estimates for sunk costs, we control for all other sources of persistence and use a dynamic random effects multivariate probit model that is estimated through pseudo simulated maximum-likelihood techniques. Our results support the sunk costs explanation for hysteresis. Furthermore, regional spillovers and some firm characteristics such as size, productivity or vertical and horizontal product differentiation are found to have a significant influence on the probability of exporting. El objetivo de este artículo es analizar el papel de los costes irrecuperables como factorexplicativo de la histéresis de las exportaciones. Para ello se hace uso de una muestra deempresas industriales españolas para el período 1999-2000, que proviene de la Encuestasobre Estrategias Empresariales. Con el objetivo de obtener estimaciones consistentespara los costes irrecuperables, controlamos por todas las posibles fuentes alternativas depersistencia y estimamos nuestro modelo usando técnicas de pseudo máximaverosimilitud simulada. Nuestros resultados confirman a los costes irrecuperables comocausante de la histéresis de las exportaciones. Adicionalmente, encontramos que lasexternalidades regionales y algunas características empresariales tales como tamaño,productividad o diferenciación horizontal y vertical tienen un impacto significativosobre la probabilidad de exportar.Histéresis de las exportaciones, costes irrecuperables, modelos dinámicos de elección discrecional hysteresis in trade, sunk costs, dynamic discrete choice models

Do process innovations boost SMEs productivity growth?

In this paper we explore in depth the effect of process innovations on total factor productivity growth for small and medium enterprises (SMEs), taking into account the potential endogeneity problem that may be caused by self selection into these activities. First, we analyse whether the ex-ante most productive SMEs are those that start introducing process innovations; then, we test whether process innovations boost SMEs productivity growth using matching techniques to control for the possibility that selection into introducing process innovations may not be a random process. We use a sample of Spanish manufacturing SMEs for the period 1991-2002, drawn from the Encuesta sobre Estrategias Empresariales. Our results show that the introduction of process innovations by a first-time process innovator yields an extra productivity growth as compared to a non-process innovator, and that the life span of this extra productivity growth has an inverted U-shaped form. En este artículo se exploran los posibles efectos de la introducción de innovaciones de proceso en el crecimiento de la productividad de las pequeñas y medianas empresas (PYMES). Para ello se presta especial atención a la existencia de un problema de selección no aleatorio en la implementación de tales innovaciones. En primer lugar, se analiza si son aquellas empresas ex-ante más productivas las que introducen innovaciones de proceso. A continuación, se utilizan técnicas de matching para contrastar si la implementación de innovaciones de proceso acelera el crecimiento de la productividad de las PYMES. La utilización de técnicas de matching permite controlar la posible existencia de un proceso de selección no aleatorio en la implementación de innovaciones de proceso. El análisis empírico se lleva cabo usando una muestra de PYMES manufactureras españolas extraída de la Encuesta sobre Estrategias Empresariales. Nuestros resultados muestran que la implementación de innovaciones de proceso por parte de PYMES sin experiencia previa en la introducción de tales innovaciones, produce un crecimiento extra de la productividad de estas PYMES en comparación con el de aquellas PYMES que no implementan innovaciones de proceso. Adicionalmente, nuestros resultados sugieren la existencia de una relación en forma de U invertida entre el crecimiento extra de la productividad y el tiempo transcurrido desde la introducción de la innovación de proceso.innovaciones de proceso, PTF, dominancia estocástica, técnicas de matching. process innovations, TFP, stochastic dominance, matching techniques.

Hybrid materials with nanoscopic anion-binding pockets for the colorimetric sensing of phosphate in water using displacement assays

Mesoporous amino-functionalised solids containing certain dyes have been used as suitable anion hosts in displacement assays for the colorimetric signalling of phosphate in water.Amoros del Toro, Pedro Jose, [email protected]

Efficient boron removal by using mesoporous matrices grafted with saccharides

Highly efficient boron removal from water was achieved by using mesoporous silica materials functionalised with saccharides.Beltran Porter, Daniel, [email protected] ; Amoros del Toro, Pedro Jose, [email protected]

A Two-Photon Probe Based on Naphthalimide-Styrene Fluorophore for the In Vivo Tracking of Cellular Senescence

Cellular senescence is a state of stable cell cycle arrest that can negatively affect the regenerative capacities of tissues and can contribute to inflammation and the progression of various aging-related diseases. Advances in the in vivo detection of cellular senescence are still crucial to monitor the action of senolytic drugs and to assess the early onset or accumulation of senescent cells. Here, we describe a naphthalimide-styrene-based probe (HeckGal) for the detection of cellular senescence both in vitro and in vivo. HeckGal is hydrolyzed by the increased lysosomal β-galactosidase activity of senescent cells, resulting in fluorescence emission. The probe was validated in vitro using normal human fibroblasts and various cancer cell lines undergoing senescence induced by different stress stimuli. Remarkably, HeckGal was also validated in vivo in an orthotopic breast cancer mouse model treated with senescence-inducing chemotherapy and in a renal fibrosis mouse model. In all cases, HeckGal allowed the unambiguous detection of senescence in vitro as well as in tissues and tumors in vivo. This work is expected to provide a potential technology for senescence detection in aged or damaged tissues

Exports and Productivity: Comparable Evidence for 14 Countries

We use comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. Our overall results are in line with the big picture that is by now familiar from the literature: Exporters are more productive than non-exporters when observed and unobserved heterogeneity are controlled for, and these exporter productivity premia tend to increase with the share of exports in total sales; there is strong evidence in favour of self-selection of more productive firms into export markets, but nearly no evidence in favour of the learning-by-exporting hypothesis. We document that the exporter premia differ considerably across countries in identically specified empirical models. In a meta-analysis of our results we find that countries that are more open and have more effective government report higher productivity premia. However, the level of development per se does not appear to be an explanation for the observed cross-country differences.exports; productivity; micro data; international comparison

Sensory hybrid host materials for the selective chromo-fluorogenic detection of biogenic amines

Pyrylium-containing mesoporous materials have been used for the chromo-fluorogenic sensing of biogenic amines in an aqueous environment.Amoros del Toro, Pedro Jose, [email protected]

Polymer Composites Containing Gated Mesoporous Materials for On-Command Controlled Release

Polyamidic nanofibrous membranes containing gated silica mesoporous particles, acting as carriers, are described as novel hybrid composite materials for encapsulation and on-command delivery of garlic extracts. The carrier system consists of MCM-41 solids functionalized in the outer surface, with linear polyamines (solid P1) and with hydrolyzed starch (solid P2), both acting as molecular gates. Those particles were adsorbed on electospun nylon-6 nanofibrous membranes yielding to composite materials M1 and M2. FE-SEM analysis confirmed the presence of particles incorporated on the nylon nanofibers. The release of the entrapped molecules (garlic extract) from the P1, P2, M1, and M2 materials was evaluated using cyclic voltammetry measurements. Electrochemical studies showed that at acidic pH P1 and M1 were unable to release their entrapped cargo (closed gate), whereas at neutral pH both materials release their loading (open gate). Dealing with P2 and M2 materials, in the absence of pancreatin a negligible release is observed (closed gate), whereas in the presence of enzyme the load is freely to diffuse to the solution. These newly developed composite nanomaterials, provide a homogeneous easy-to-handle system with controlled delivery and bioactive-protective features, having potential applications on pharmacology, medical and engineering fields.The authors wish to express their gratitude to the Generalitat Valenciana (Grisolia scholarship 2011/012, project PROM-ETEO/2009/016), Spanish Government (MINECO Projects AGL2012-39597-C02-01, AGL2012-39597-C02-02 and MAT2012-38429-C04-01) and the CIBER-BBN for their support. IILA thanks DISTAM and Universita degli di Milano for a specialization scholarship. We would also like to thank the Institut de Ciencia dels Materials (ICMUV) and to the Microscopy Service of the Universitat Politecnica de Valencia for technical support. We thank Roquette for the Glucidex samples.Acosta Romero, C.; Pérez Esteve, E.; Fuenmayor, CA.; Benedetti, S.; Cosio, MS.; Soto Camino, J.; Sancenón Galarza, F.... (2014). Polymer Composites Containing Gated Mesoporous Materials for On-Command Controlled Release. ACS Applied Materials and Interfaces. 6(9):6453-6460. https://doi.org/10.1021/am405939y645364606

Sunk Costs Hysteresis in Spanish Manufacturing Exports

Hysteresis in trade, sunk costs, firm size, dynamic discrete choice models,