Student graduation: to what extent does university expenditure matter?

Human capital is one of the most important channels via which universities positively affect regional development. This paper analyzes the relationship between university characteristics and graduation rates, and the role of regional characteristics in this process. We assemble a dataset for the entire public university system in Spain over the last decade. Observing the same university over several years helps us address the problem of unobserved heterogeneity. The main findings that can be drawn from our results are that university features, such as expenditure, student-teacher ratio and financial-aid to students are important in accounting for graduation rates. Likewise, regional characteristics such as labour market conditions appear to matter when generating graduate students.Universities, graduation, human capital, regional economy

Do universities affect firms’ location decisions? Evidence from Spain

Human capital, scientific research, and technology are the three chief mechanisms promoting knowledge spillovers from universities to firms. Based on a study of the impact of Spain’s 1983 University Reform Act (LRU), which opened the door to the foundation of new universities and faculties, this paper examines whether university (or faculty) location affects the creation of new firms within a given province. We conclude that the foundation of science and social science faculties has had a marked impact on the creation of firms.universities, firm location, spillovers, poisson regression

Universities and regional economic growth in Spanish regions

This paper examines the main contributions of universities to the economic growth of Spanish regions. It calculates the separate effects of the different university functions on the regional economy, namely the creation of human capital, research and technology transfer. It includes a panel data set with the key variables of university activities and their effects on the economy at provincial level. The econometric estimations are based on information for all 47 public universities and include 34 Spanish provinces. The empirical results suggest that the growth of regional GVA is positively correlated to both the human capital created by universities and the stock of university patentsregional economic development, universities, higher education, human capital, research, technology development

Student graduation: to what extent does university expenditure matter?

Human capital is one of the most important channels via which universities positively affect regional development. This paper analyzes the relationship between university characteristics and graduation rates, and the role of regional characteristics in this process. We assemble a dataset for the entire public university system in Spain over the last decade. Observing the same university over several years helps us address the problema of unobserved heterogeneity. The main findings that can be drawn from our results are that university features, such as expenditure, student-teacher ratio and financial-aid to students are important in accounting for graduation rates. Likewise, regional characteristics such as labour market conditions appear to matter when generating graduate students

Do universities affect firms’ location decisions? Evidence from Spain

Human capital, scientific research, and technology are the three chief mechanisms promoting knowledge spillovers from universities to firms. Based on a study of the impact of Spain’s 1983 University Reform Act (LRU), which opened the door to the foundation of new universities and faculties, this paper examines whether university (or faculty) location affects the creation of new firms within a given province. We conclude that the foundation of science and social science faculties has had a marked impact on the creation of firms

Bargaining set with endogenous leaders: A convergence result

We provide a notion of bargaining set for finite economies where the proponents of objections (leaders) are endogenous. We show its convergence to the set of Walrasian allocations when the economy is replicated.Junta de Castilla y León | Ref. SA072U16Agencia Estatal de Investigación | Ref. ECO2016-75712-PXunta de Galicia | Ref. AGRUP2015/0

Some equivalence results for a bargaining set in finite economies

We present a bargaining set for finite economies using Aubin’s (1979) veto and show its coincidence with the set of Walrasian allocations, providing a discrete approach to the characterization of competitive equilibria obtained by Mas-Colell (1989) for continuum economies. We also study how the restriction on the formation of coalitions affects the bargaining set. In the last part of the work, using our equivalence result along with some known characterizations of Walrasian allocations, we state additional interpretations of the bargaining set.Junta de Castilla y León | Ref. SA072U16Agencia Estatal de Investigación | Ref. ECO2016-75712-PXunta de Galicia | Ref. AGRUP2015/0

On restricted bargaining sets

In this paper we analyze the behavior of bargaining sets in continuum economies when there are restrictions on the formation of coalitions. We provide several characterizations of Vind’s (J Math Econ 21:89–97, 1992) bargaining set in terms of its restricted versions, where not all the coalitions are formed. Moreover, we show that these equivalences do not hold for Mas-Colell’s (J Math Econ 18:129–139, 1989) bargaining set. These findings highlight the different nature of both notions of bargaining sets. Finally, we illustrate the impossibility of extrapolating our results to a more general setting.Ministerio de Economía y Competitividad | Ref. ECO2012-38860-C02-01Ministerio de Economía y Competitividad | Ref. ECO2012-38860-C02-02Xunta de Galicia | Ref. 10PXIB300141P

A limit result on bargaining sets

We introduce a notion of bargaining set for finite economies and show its convergence to the set of Walrasian allocations.Agencia Estatal de Investigación | Ref. ECO2016-75712-PXunta de Galicia | Ref. AGRUP2015/08Junta de Castilla y León | Ref. SA072U1

Desemprego juvenil na Colômbia: a educação importa?

Os jovens enfrentam obstáculos especiais para entrar no mundo do trabalho. Indicadores de trabalho como desemprego, emprego precário ou ingressos são significativamente piores neles em comparação com os dos adultos. Um dos fatores principais do desemprego juvenil é o desajuste das competências: a “supereducação” e o excesso de competências coexistem com a “subeducação” e a escassez de competências. Este artigo analisa os fatores que incidem na taxa de desemprego juvenil na Colômbia, com ênfase no papel da educação, pois vários achados confirmam a importância desta para conseguir empregos formais, mas não para a probabilidade de estar ocupado.Los jóvenes enfrentan obstáculos especiales en inserción productiva. Indicadores laborales como el desempleo, el empleo precario o los ingresos son significativamente peores en ellos en comparación con los de los adultos. Uno de los factores principales del desempleo juvenil es el desajuste de las competencias: la sobreeducación y el exceso de competencias coexisten con la subeducación y la escasez de competencias. Este artículo analiza los factores que inciden en la tasa de desempleo juvenil en Colombia, con especial atención al papel de la educación, pues varios hallazgos confirman la importancia de esta en la consecución de empleos formales, pero no en la probabilidad de estar ocupado.Young people face unique obstacles in their search for a productive work life, and more frequently than adults. Employment indicators for young people—such as unemployment rate, precarious employment, income, among others—are significantly worse than those of adults. One of the main factors of youth unemployment is the mismatch of competencies: over-education and over-skilling coexist with under-education and lack of skills. This article analyzes the factors that affect youth unemployment rate in Colombia. Particular attention is paid to the role of education. The main findings confirm the importance of education in achieving better quality jobs in terms of labor formality, but not in the probability of being employed