International Economics latest publications
Despite the difficult global context brought about by COVID, the Spanish exports of goods maintained their export market destination and gained competitiveness and share in international trade. Outlook is favourable, although the uncertainty about the pandemic remains high and its impact on global activity is relevant.
Remittances to several countries in Latin America and the Caribbean grew at double digits during the month of February 2021: Mexico (+ 16.2% in USD), Guatemala (+ 16.7%), El Salvador (+ 13.0%), Dominican Republic (+ 27.6%) and Colombia (15.4%).
The expansion of global trade has slowed in recent years, following a long period of exuberance. How will trade flows evolve over the next decade, taking into account recent trends such as the pandemic and climate change, as well as other factors?
International trade will slow down by 2030, due to both traditional factors (technology, economic development, trade policies) and new determinants (COVID-19, sustainability).
This Working Paper presents the Output-side greenhouse gas Emission Intensity indicator (OEI), the first consistent and internationally-comparable country-indicator of the GHG emission intensity from a production-perspective; that is, territorial GHG emitted per unit of goods and services produced in a given year.
We conducted a diagnosis of the Colombian electricity sector, identifying the challenges and opportunities that result, thanks to the country's potential and the international context, to promote an energy transition based on Non-Conventional Renewable Energy Sources and mitigate some of the sector's risks.
In the month of January, 3,298 million dollars arrived in remittances to Mexico (+25.8%). Remittances to Mexico could grow 7.0% and reach US $ 43.450 million in 2021. Quintana Roo, Campeche, Baja California Sur, Baja California and Tabasco could have growth in remittances of more than 16% in 2021.
We analyze the effects of innovation on social welfare in a sample of 35 OECD countries from 1960 to 2017. The results suggest that the effects of innovation on social welfare are statistically significant and economically relevant. The estimated impact of innovation is robust to alternative econometric specifications.