Institutional diversity in the euro area: Any evidence of convergence?

In recent years differences in the institutional structure across euro area countries are becoming a cause of concern both for some individual Member States and for the functioning of the Economic and Monetary Union (EMU). From a global competitiveness perspective, we deal with the diversity in the institutional environment in the EMU. In particular, we assess whether the changes in the state of institutions provide convergence across euro area countries between 2006 and 2015. In addition, among the institutional indicators considered, we compute which institutional aspect contributes more to overall inequality in the state of institutions, as well as the contribution of each country to inequality considering as benchmark the country with the highest institutional quality. According to these country contributions, we highlight distinct patterns of convergence between ‘core’ and ‘periphery’ euro area countries and raise potential links between the institutional changes across euro area countries and both the differences in the intensity of the financial and economic crisis, and the policy responses in terms of fiscal consolidation applied by the respective national governments.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Development and implantation of a Thesaurus of Manufacturing Engineering terms

Present work shows the teaching-learning experience developed in the Department of Manufacturing Engineering of the University of Malaga. This experience is based on the need to generate a specific glossary of manufacturing engineering terms to be used as a study guide by the students. Eventually, it was decided to make a Thesaurus that would be aimed at a teaching activity. Also, it would take part in the educational innovation project PIE 13-025 of the University of Malaga, within the biennium 2013/2015. The first step consisted of the design of Thesaurus pattern, taking into account the kind of information that it was necessary include in it. Afterward, this pattern would be place on the Virtual Campus and the student would have to complete the information required. Finally, the results obtained in the different applications of this activity would be analyzed and evaluated.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Who takes the cake Effects of ECB monetary policy across income classes

This work provides evidence on the effects of monetary policy on the income class structure via stimulating economic activity and employment in Eurozone countries over the period 2007Q32016Q1. Based on European Union Statistics on Income and Living Conditions (EU-SILC) data, we compute the share of the market income perceived by each income class (lower, lower-middle, upper-middle, and upper) for the states that originated the Economic and Monetary Union (EMU11). We analyse the impact of monetary policy impulses under a Bayesian Vector Autoregressive approach and find that a monetary easing shock involving a decrease in nominal interest rates tends to increase the income share of middle classes at the expense of a smaller income share of the upper class, while, the lower class is not significantly affected. Our findings highlight the identified effects are mostly triggered by short-term interest rates cuts as long as they tend to vanish as the monetary policy proxy is located further in the yield curve. This suggests that the egalitarian impacts of monetary policy on market income distribution are to a lesser extent driven by decisions modifying longer-term interest rates.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Multidimensional poverty in the EU: rethinking AROPE through a multi-criteria analysis

At risk of poverty or social exclusion rate (AROPE) constitutes the pivotal indicator of living conditions and poverty in the European Union. Nevertheless, as a multidimensional poverty measure, it has some drawbacks that significantly reduce its utility. In this paper, we propose an alternative multi-criteria approach that provides some innovations for the computation of multidimensional poverty in the European countries. We first propose a normalization formula for each dimension by using a double point of reference. We then put forward alternative aggregation functions that permit diverse degrees of substitutability across dimensions. This new formulation allows us to go beyond focusing merely on the rate of people classified as AROPE, making it possible to evaluate aspects such as the intensity of multidimensional poverty and how changes over time are distributed across population in terms of shared prosperity, as showed in an illustration for the EU28 countries.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tec

How does monetary policy affect the income class structure? Evidence from the Eurozone.

This work provides evidence on the potential effects of monetary policy on the income class structure via stimulating economic activity and employment in the Eurozone countries over the period 2007Q3-2016Q1. Based on European Union Statistics on Income and Living Conditions (EU-SILC) data, we compute the size of income classes (lower, lower-middle, upper-middle, and upper) for the stats that originated the Economic and Monetary Union (EMU-11) and analyse the impact of monetary policy impulses under a Bayesian Vector Autoregressive approach. We focus on the earnings heterogeneity and the income composition channel and find that a monetary easing shock involving a decrease short-term nominal interest rate has diverse effects on the different income classes, which seems to have led to a more equal income distribution. As theoretically argued by these monetary policy transmission mechanisms, our results confirm the GDP growth and the decrease in unemployment caused by the monetary policies implemented by the European Central Bank since the onset of the financial crisis have had a positive effect for those households located at the bottom of the income-class structure as well as for the middle class.Campus de Excelencia Internacional Andalucía Tec

Monetary policy and middle class

The global financial crisis of 2007-2008 and the subsequent period of financial and economic instability have forced central banks to implement ultra-loose monetary policies for combating the downturn and the stagnation of inflation, which has led the question about how monetary policy might affect inequality to the foreground of economic and political debates. This paper attepts to evaluate how monetary policy implemented in the Euro area (EURO-11) has affected two aspects of income distribution, namely, the size of middle class dimension and its mobility. To this end, an econometric model is estimated based on data from 2003 to 2015 for the set of countries belonging to the Economic and Monetary Union that originated the Union (EMU1999). We apply the vector autoregressive (VAR) methodology to country-level panel data as a first approach of the short-term dynamics among the considered variables, where the impulse-response functions have been orthogonalized due to the existing serial correlation between the unobserved terms. Subsequently, this analysis is complimented with a more robust one. Since our variables are non-stationary but indeed co-integrated, the vector error correction model (VECM) allows us to consider the medium-term relationship between monetary policy and income inequality via the stimulus of the economic activity.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Four temptations against urban renewel: an approach to fur current urban processes

Comunicación presentada en 25 European Network housing Research International Conference. Tarragona 19 al 22 junio 2013The new paradigm of urban social and economic rehabilitation is replacing the current sprawl growth model. But four temptations must be considered: 1) The high-density. This process is possible in sprawl model, but its quantification does not seem to be clear, because after a certain threshold of occupancy per unit area, the city seems to collapse and social and environmental benefits disappear, appearing reversal processes city to country in search of a minimum quality of life standards. There is not a model for appropriate density. It depends on the way of life of population, the traditional city model. 2) The replacement. Architectonic and urban rehabilitation must be preferred to replacement, except for certain cases to be legally taxed. But as the city cannot be densified and orderly, without the prior replacement of the building, may fit this temptation. Even replacing the building can be made without considering high building standards 3) The gentrification. There is a wide doctrine and experience about this phenomenon with serious social consequences. It is very tempting to replace the building, due to improve requirement of broad levels of quality, entering a game of speculation, so common in our real estate market. 4) The eco-city. Comprehensive projects are building spaces with low levels of energy consumption. Fall into this temptation means to continue the extensive city model we have been developing, creating new cities far from the existing but incorporating saving measures, and continuing resource consumptio

Economic Fluctuations, Child Mortality and Policy Considerations in the Least Developed Countries

Between 1990 and 2010 child mortality decreased in general terms in the Least Developed Countries (LDCs), although the differences between countries over time are significant. This paper examines the relationship between short-term economic fluctuations and changes in child mortality in the LDCs during the period 1990-2010. Unlike other studies, we consider a large group of LDCs and provide empirical evidence of the asymmetrical effects of variations in Gross Domestic Product per capita on the evolution of child mortality rate in periods of economic recession and expansion. The significance of said effects diminishes when other relevant socio-economic control variables are considered, and some development policy considerations are addressed in order to achieve the Millennium Development Goal 4 target

A review of educational material used im the subjects of Woman and Sport, Body Expressions and Sports Organizations in bachelor Degree- Physical Activity and Sports Sciences according to the gender equality Competence to the European Higher Education Area

The aim of this work is to improve an equality culture reviewing the educational materials used in the subjects of Woman and Sport, Body Expression and Sports Organization of the new EHEA Bachelor Degree of the Faculty of Physical Activity and Sport Science of the Polytechnic University of Madrid. We have used the criteria set in the General objective 8.6. Education of the Strategic Plan Equal Opportunities 2008-2011 and the methodology suggested by 2010 PAFIC Guide Strategy. The review designed include four criteria: Non-sexist language, no use of roles and gender-stereotyped models / equality treatment of women and men, participation of women in history, culture and physical activity and sport science and visibility of women and me

Demanda de actividad física y deportiva de las personas adultas españolas con discapacidad: diferencias de género

La comunicación presenta parte de los resultados del estudio DEP2010-19801 del Plan Nacional I+D+i El objetivo de esta comunicación es describir, en las personas adultas con discapacidad, el tipo de demanda de actividad física y deportiva en función del género