JUAN CARLOS MOLERO CURRICULUM VITAE (Updated: February 16, 2016)

Personal Data Birth date: May 24, 1969 Citizenship: Spanish Marital status: Single

Professional Address Department of Economics School of Economics and Business Administration Edificio de Amigos Universidad de Navarra E-31080 Pamplona, SPAIN Phone number: (+34)-948-425625 Fax number: (+34)-948-425626 E-mail: [email protected]

Education -

BSc. in Economics and Business, University Complutense of Madrid, Spain, 1992.

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Ph.D. in Economics with honors, Universidad de Navarra, Spain, 1998. Title of the doctoral dissertation: "La descentralización del gasto público en España: una contrastación de las teorías del federalismo fiscal" (The decentralization of public spending in Spain: a contrast of the fiscal federalism theories), supervised by Professor Maximino Carpio García (University Autónoma of Madrid, Spain)

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Grants -

"Asociación de Amigos de la Universidad de Navarra", period: 1992-1998.

Academic Career -

During the period 1992-1998, Teaching Assistant, Department of Economics, School of Economics and Business Administration, Universidad de Navarra, Spain.

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Seven months: February-August, 1999, Visiting Scholar, University of Maryland, USA. With Professor Wallace. E. Oates.

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Six months: January-June, 2000, Visiting Scholar, University of Maryland, USA. With Professor Wallace. E. Oates.

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Three months: June-August, 2002, Visiting Scholar, University of Maryland, USA. With Professor Wallace. E. Oates.

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Three months: May-July, 2004, Visiting Scholar, Hunter College, City University of New York, USA. With Professor Timothy Goodspeed.

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During the period 1998-2005, Assistant Professor, Department of Economics, School of Economics and Business Administration, Universidad de Navarra, Spain.

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From the academic year 2005-2006, Associate Professor, Department of Economics, School of Economics and Business Administration, Universidad de Navarra, Spain.

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Teaching experience: Public Economics, Spanish Economy, World Economy, Global Political Economy.

Teaching formation courses -

“Guión docente y web de la asignatura”. Educational Innovation Center, Universidad de Navarra, June 16, 2008 (1.5 hours)

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Inclusion of the topic “Public Sector Economics I” within the Open Course Ware project (OCW) of the Universidad de Navarra. Educational Innovation Center, Universidad de Navarra, December, 2008.

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“Jornada de implantación de los nuevos grados”. Educational Innovation Center, Universidad de Navarra, February 13, 2009 (4 hours)

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“La herramienta de PowerPoint como apoyo a la docencia”. Educational Innovation Center, Universidad de Navarra, November 9, 2009 (2 hours)

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“Técnicas y estrategias del seguimiento del trabajo (dentro y fuera del aula) del alumno”. Educational Innovation Center, Universidad de Navarra, December 9, 2009 (2 hours)

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“Técnicas y estrategias para la evaluación del aprendizaje de los alumnos”. Educational

Innovation Center, Universidad de Navarra, December 10, 2009 (2 hours)

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“Manejo básico de Turning Point (Clickers)”. Educational Innovation Center, Universidad de Navarra, April 19, 2010 (2 hours)

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“Cuestiones psicológicas: orientaciones para el asesor”. Assistant to the President for Student Affairs, Universidad de Navarra, April 21, 2010 (2 hours)

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“Competencias profesionales Feedback 360º”. Given by: Top Ten Management Spain, organized by: Universidad de Navarra, December 2010-March 2011 (8 hours)

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“Evaluación”. Educational Innovation Center, Universidad de Navarra, November 15, 2012 (2 hours)

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“Presentaciones de alto impacto con Power Point”. Educational Innovation Center, Universidad de Navarra, June 14, 2013 (1,5 hours)

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“Cómo conocer mejor al alumno y ayudarle en su crecimiento personal”. School of Law, Universidad de Navarra, December, 12, 2013 (2 hours)

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“Identificar y orientar al alumno en situaciones de especial dificultad: ansiedad, adicciones, TDAH…”. School of Law, Universidad de Navarra, December, 19, 2013 (2 horas)

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“Getting the right things done…y sin estrés”. Educational Innovation Center, Universidad de Navarra, May, 8, 2014 (2 hours)

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“Aula Virtual ADI”. Educational Innovation Center, Universidad de Navarra, August, 11, 2014 (2 hours)

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“Plan de formación continua del profesorado”, School of Economics and Business Administration, Universidad de Navarra, academic course 2013-2014 (15 hours)

Teaching innovation projects -

“Seguimiento de la implantación del grado en el segundo curso de económicas”, School of Economics and Business Administration, Universidad de Navarra, academic course 2013-2014.

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“Cuantificación y armonización de la carga de trabajo del estudiante de primer curso de la Facultad de Ciencias Económicas y Empresariales”, School of Economics and Business Administration, Universidad de Navarra, academic course 2013-2014.

Teaching innovation congresses - "Asesoramiento académico personal y rendimientos académicos en segundo curso de grado", VI Jornadas de Docencia en Economía, 12-13 June 2014, Bilbao, Spain (together with: Redín, D. and Álvarez, J.L.)

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Papers in refereed journals 1. Molero, J.C. (2001) "Analysis of the Decentralization of Public Spending in Spain", Public Finance and Management, Volume I (4), pp. 500-556. 2. Molero, J.C. (2003): “La posición de los distintos partidos políticos respecto a la nueva Ley General de Estabilidad Presupuestaria: su influjo en los niveles subcentrales del gobierno”, Presupuesto y Gasto Público, Volume 32, pp. 13-27. 3. Molero, J.C., and Pujol, F. (2004): “Ranking Italian Universities and Other Research Institutions Taking Into Account Public Economics Publications”, Journal of Public Finance and Public Choice, XXII, Nº 1/2, pp. 15-31. 4. Molero, J.C., and Rodriguez-Tejedo, I. (2010): “An Index of Political Support for Decentralization: the Spanish Case”, Constitutional Political Economy, Volume 21 (1), pp. 50-79. An earlier version of this paper appeared as: Working paper Nº. 05/2008, School of Economics and Business Administration, Universidad de Navarra. 5. Álvarez, J.L., and Molero, J.C. (2010): “Las pensiones de jubilación en España: el debate que no llega”, Revista Empresa y Humanismo, Volume XIII (2), pp. 41-66. 6. Pujol, F. and Molero, J.C. (2011): “Propuesta metodológica para analizar la demanda del presupuesto participativo en Navarra", Presupuesto y Gasto Público, Volume 65 (4), pp. 111-130. 7. Molero, J.C. and Pujol, F. (2012): "Walking Inside the Potential Tax Evader's Mind: Tax Morale Does Matter.", Journal of Business Ethics, Volume 105 (2), pp.151-162.

An earlier version of this paper appeared as: Working paper Nº. 01/2005, School of Economics and Business Administration, Universidad de Navarra. 8. Molero, J.C. and Pujol, F. (2012): "Analysing Economic and Financial Power of

Different Countries at the End of the Twentieth Century", Modern Economy, Volume 3 (2), pp. 205-209. 9. Galera, F., Mendi, P., and Molero, J.C. (2014): "Unit taxes and ad valorem taxes with vertically differentiated products", Applied Economics Letters, Volume 21, (17), pp. 1221–1225. 10. Pershin, V, Molero, J.C., andPérez de Gracia, F. (2016): "Exploring the oil prices and exchange rates nexus in some African economies", Journal of Policy Modeling, Volume 38, pp.166-180. 11. Diaz, E.M., Molero, J.C., and Pérez de Gracia, F. (2016): "Oil price volatility and stock returns in the G7 economies", Energy Economics, Volume 54, pp.417-430.

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Books and chapters in books 12. Molero, J.C. (2000): "Decentralization of Public Spending in Spain", in: La Unión Europea y el debate sobre el Estado del Bienestar, Ed. IV Jornadas de Política Económica, Santa Cruz de Tenerife pp. 427-434. 13. Pujol, F., Molero, J.C., Echarri, F.J., and García-Logroño, J.J. (2001): "La actitud política respecto a la disciplina presupuestaria: análisis del caso de la Comunidad Foral de Navarra 1997-2000", in: Navarra y la sociedad del conocimiento, Ed. IV Congreso de Economía de Navarra, Gobierno de Navarra, Pamplona, pp. 491-506. 14. Molero, J.C., and Pujol, F. (2002): "El Sector Público en las economías de mercado", in: Martínez Chacón, E. (coord.) and García Alonso, J. M. (dir.): Economía Mundial, Ed. Ariel, Barcelona, pp. 301- 331. 15. Molero, J.C. (2002): Gasto Público y Federalismo Fiscal en España, Ed. Consejo Económico y Social, Madrid. 16. Molero, J.C., and Pujol, F. (2009): "El papel económico del Sector Público", in: Martínez Chacón, E. (coord.): Economía Española, Second Edition, Ariel, Barcelona, pp. 379-413. First Edition in 2002. 17. Álvarez, J.L. and Molero, J.C. (2011): "Federalismo fiscal y descentralización: España, un caso atípico", in: Several Authors: Cómo reformar las Administraciones Territoriales, Ed. Cículo de Empresarios, Madrid, pp. 19-46. Work in progress papers 1. Galera, F., Rodríguez-Tejedo, I., and Molero, J.C. (2012): "Free Entry and Welfare with Different Firms". Working paper Nº. 17/2012, Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra. 2. Galera, F., Rodríguez-Tejedo, I., and Molero, J.C. (2012): "Technology Choice and Unit vs. Ad Valorem Tax". Working paper Nº. 18/2012, Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra. 3. Galera, F., Álvarez, J.L., and Molero, J.C. (2012): "Technology Choice and Third Degree Price Discrimination in a Monopoly". Working paper Nº. 15/2012, Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra. 4. Galera, F., Mendi, M., and Molero, J.C. (2015): "Quality differences, third-degree price discrimination, and welfare".

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5. Galera, F., Mendi, M., and Molero, J.C. (2015): "Seasonality, price discrimination, and welfare". 6. Pujol, F., Molero, J.C., and Rode, M. (2015): "Government in Barack Obama’s Inaugural Address: Challenging Media Content Bias Theories". 7. Alarcón, J.C., Molero, J.C., and Pérez de Gracia, F. (2016): "Oil price shocks, economic activity and inflation rates in some Latin American economies". Press articles - Molero, J.C. (2000): "Dos velocidades en la descentralización", in: Diario de Navarra Inversión, December 3, p. 17. - Molero, J.C. et all. (2008): "Entienda cómo funciona la Bolsa de Valores", in: 3 Puntos, May 2, p. 11. - Molero, J.C. et all. (2009): "La crisis fabrica miles de opositores", El País, November 23, pp. 10-11. - Molero, J.C. (2010): "Hacer de la necesidad virtud", Diario de Noticias, May 13, p. 21. - Molero, J.C. (2010): "Entre el rédito político y la crisis", El Economista, October 1, p. 4. - Molero, J.C. (2011): "Crisis económica: ¿la vuelta al Estado centralizado?", Expansión, February 23, p. 39. Research projects 1. “Budget Setting and Financial Scrutiny: Experiences Governments. The case of Navarra and Catalonia in Spain”.

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Devolved/Regional

Period of the project: October 8 – November 11, 2002. Financing Entity: Scottish Parliament. Scientist in charge: Francesc Pujol / Juan Carlos Molero. 2. “La actitud del Parlamento de la Comunidad Foral de Navarra respecto a la disciplina presupuestaria. Período 1990-2000”. Period of the project: June-December, 2002. Financing Entity: Commission Parliament of Navarra-Universidad de Navarra. Scientist in charge: Francesc Pujol.

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3. “Análisis de la participación en el proceso presupuestario de la Comunidad Foral de Navarra: un análisis comparado”. Period of the project: June-December, 2003. Financing Entity: Commission Parliament of Navarra- Universidad de Navarra. Scientist in charge: Juan Carlos Molero. 4. “La participación ciudadana en los presupuestos de los grandes municipios navarros Situación actual y perspectivas de desarrollo futuro” Period of the project: January, 2004- December, 2005. Financing Entity: Department of Education. Govern of Navarra. Scientist in charge: Francesc Pujol 5. “Medición de intangibles en el deporte profesional. Evaluación de eficiencia y competitividad de las ligas europeas y americanas. Implicaciones en áreas de gestión, marketing, organización industrial y mercado laboral” Period of the project: October, 2007- October, 2010. Financing Entity: Ministry of Science and Education (SEJ2007-67295/ECON). Govern of Spain. Scientist in charge: Francesc Pujol 6.

“Decentralization, fiscal discipline and institutions in Spain” Period of the project: September, 2009- August, 2012. Financing Entity: PIUNA. Plan de Investigación de la Universidad de Navarra. Positive Evaluation by “The Spanish National Agency of Evaluation and Prospective” (ANEP, Agencia Nacional de Evaluación y Prospectiva). Scientist in charge: Isabel Rodriguez-Tejedo.

7. “Hispalink-Navarra. Equipo de Modelización Regional de Navarra, integrado dentro de la Red Hispalink” Period of the project: January-December 2015. Financing Entity: Fundación Caja Navarra. Scientist in charge: Juncal Cuñado Eizaguirre. 8. “Oil price shocks and the European Union: Macroeconomic and Financial Impact” Period of the project: January, 2015 – December 2017. Financing Entity: Ministerio de Economía y Competitividad (ECO2014-55496). Govern of Spain. Scientist in charge: Juncal Cuñado Eizaguirre y Fernando Pérez de Gracia.

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Awards -

“La actitud del Parlamento de la Comunidad Foral de Navarra respecto a la disciplina presupuestaria. Período 1990-2000”. Period of the project: June-December, 2002. Award to the best research granted by Commission Parliament of NavarraUniversidad de Navarra. January 30, 2003.

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Molero, J.C. and Pujol, F. (2012): "Walking Inside the Potential Tax Evader's Mind: Tax Morale Does Matter.", Journal of Business Ethics, Volume 105 (2), pp.151-162. Award to the best paper published. IV Edition of Research’ Awards. Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra. December 21, 2011.

Congress presentations 1. "How does the Fiscal Federalism Theory Works in Spain?", 50th International Atlantic Economic Conference, 15-18 October 2000, Charleston, South Carolina, USA. 2. "Decentralization of Public Spending in Spain", IV Jornadas de Política Económica, University of La Laguna, 4-5 December 2000, Santa Cruz de Tenerife, Spain. 3. "Decentralization of Public Spending in Spain", XXV Simposio de Análisis Económico, University Autónoma of Barcelona, 19-21 December 2000, Barcelona, Spain. 4. "Analysis of The decentralization of Public Spending in Spain", 57th Congress of the International Institute of Public Finance, 27-30 August 2001, Linz, Austria. 5. "La actitud política respecto a la disciplina presupuestaria: análisis del caso de la Comunidad Foral de Navarra 1997-2000", IV Congreso de Economía de Navarra, 910 October 2001, Pamplona, Spain (together with: PUJOL, F.; ECHARRI, F.J.; and GARCÍA-LOGROÑO, J.J.) 6. "Assessing Decentralization in Spain Taking Into Account the Fiscal Federalism Theory", XXVII Reunión de Estudios Regionales, 28-30 November 2001, Madrid, Spain. 7. "The Role of the Decentralization of Public Spending in the Autonomous Communities of Spain", IX Encuentro de Economía Pública, 7-8 February 2002, Vigo, Spain. 8. "The Economist Index of Economic Power", 58th Congress of the International Institute of Public Finance, 26-29 August 2002, Helsinki, Finland (together with: PUJOl, F.) 9. “¿Cómo afecta la nueva Ley General de Estabilidad Presupuestaria a las Comunidades Autónomas y a las Corporaciones Locales?”, XXVII Simposio de Análisis Económico, 12-14 December 2002, Salamanca, Spain.

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10. “Gauging how Politicians are Supporting Decentralization in Spain. The case of the new General Law of Budgetary Stability (Law 18/2001)”, X Encuentro de Economía Pública, 6-7 February 2003, Santa Cruz de Tenerife, Spain 11. “Matching Decentralization and Budgetary Stability in Spain”, 55th International Atlantic Economic Conference, 12-16 March 2003, Vienna, Austria. 12. “The Economist Index of Economic Power. Further Evidence”, European Public Choice Society Annual Meeting, 25-28 April 2003, Aarhus, Denmark (together with: PUJOL, F.) 13. “The Economist Index of Economic Power”, 57th International Atlantic Economic Conference, 10-14 March 2004, Lisbon, Portugal (together with: PUJOL, F.) 14. “Walking Inside the Potential Tax Evader’s Mind”, 57th International Atlantic Economic Conference, 10-14 March 2004, Lisbon, Portugal (together with: PUJOL, F.) 15. “Walking Inside the Potential Tax Evader’s Mind”, European Public Choice Society Annual Meeting, 15-18 April 2004, Berlin, Germany (together with: PUJOL, F.) 16. “Walking Inside the Potential Tax Evader’s Mind”, 60th Congress of the International Institute of Public Finance, 23-26 August 2004, Milan, Italy (together with: PUJOL, F.) 17. “Walking Inside the Potential Tax Evader’s Mind”, Public Economic Theory Conference, 25-29 August 2004, Peking, China (together with: PUJOL, F.) 18. “Determinants of the Justification of Tax Evasion”, XXIX Simposio de Análisis Económico, 16-18 December 2004, Pamplona, Spain (together with: PUJOL, F.) 19. “On the determinants of tax evasion justification”, XII Encuentro de Economía Pública, 3-4 February 2005, Palma de Mallorca, Spain (together with: PUJOL, F.) 20. “Determinants of the Justification of Tax Evasion”, VIII Encuentro de Economía Aplicada, 16-18 June 2005, Murcia, Spain (together with: PUJOL, F.) 21. “Evaluación de la producción internacional española en Economía Pública”, XIII Encuentro de Economía Pública, 2-3 February 2006, Almería, Spain (together with: PUJOL, F.) 22. “Walking Inside the Potential Tax Evader’s Mind”, The Shadow Economy, Tax Evasion and Social Norms, 23-26 July, 2009, University of Münster, Germany (together with: PUJOL, F.) 23. “Government in Barack Obama’s Inaugural Address: Challenging Media Content Bias Theories”, 65th Congress of the International Institute of Public Finance, 13-16 August, 2009, Cape Town, South Africa (together with: PUJOL, F.)

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24. “Government in Barack Obama's Inaugural Address: Challenging Media Content Bias Theories”, Public Choice Society Meeting, 10-13 March, 2011, San Antonio, Texas, USA (together with: PUJOL, F.) 25. “Quality differences, third-degree price discrimination, and welfare”, XXX Jornadas de Economía Industrial, 3-4 September, 2015, Alicante, Spain (together with: GALERA, F. and MENDI, P.) 26. “Quality differences, third-degree price discrimination, and welfare”, Association of Southern-European Economic Theorists Conference, 12-14 November, 2015, Granada, Spain (together with: GALERA, F. and MENDI, P.)

Serving as a discussant in the following Conferences -

57th Congress of the International Institute of Public Finance, 27-30 August 2001,

Linz, Austria. -

X Encuentro de Economía Pública, 6-7 February 2003, Santa Cruz de Tenerife, Spain.

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55th International Atlantic Economic Conference, 12-16 March 2003, Vienna, Austria.

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XI Encuentro de Economía Pública, 5-6 February 2004, Barcelona, Spain.

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57th International Atlantic Economic Conference, 10-14 March 2004, Lisbon, Portugal.

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XII Encuentro de Economía Pública, 3-4 February 2005, Palma de Mallorca, Spain

Serving as a chairman of session in the following Conferences -

XXV Simposio de Análisis Económico, University Autónoma of Barcelona, 19-21

December 2000, Barcelona, Spain. -

55th International Atlantic Economic Conference, 12-16 March 2003, Vienna, Austria.

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57th International Atlantic Economic Conference, 10-14 March 2004, Lisbon, Portugal.

Seminar Presentations -

“Analysis of the Decentralization of Public Spending in Spain: 1984-1997”, Professor’s Seminar, School of Economics and Business Administration, Universidad de Navarra, January 16, 2002, Pamplona, Spain.

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“Walking Inside the Potential Tax Evader’s Mind”, Professor’s Seminar, School of Economics and Business Administration, Universidad de Navarra, December 17, 2003, Pamplona, Spain.

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Attendant of the following Courses and Seminars - "Presente y futuro de la Hacienda Pública", in: V Cursos Europeos, University of the Vasque Country, September, 1993, San Sebastián, Spain. -

IV Encuentro de Economía Pública, Public University of Navarra, 6-8 February, 1997, Pamplona, Spain.

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"Public Finance" (Professor Oates) and "Theory of Public Choice" (Professor Rodríguez). Spring 1999 Semester, University of Maryland, USA.

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"Advanced Theory of Public Finance" (Professor Gelbach) and "Microeconomic Analysis II" (Professors Kranton / Panagariya). Spring 2000 Semester, University of Maryland, USA.

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International Conference on "Public Sector Financial Management: Fiscal Federalism and Decentralization", Asociación Española de Contabilidad y Administración de

Empresas (AECA) and International Consortium on Government Financial Management (ICGFM), 14-16 June, 2000, Madrid, Spain.

Professional Organizations - Member of the “Asociación Española de Ciencia Regional”, “European Regional Science Association”, and “Regional Science Association International”. -

Founder Member of the Journal “Investigaciones Regionales”.

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Member of the “International Institute of Public Finance”.

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Editorial Board and reviewer: “Public Finance and Management”, “International Journal of Economics and Finance”, “Research in World Economy”, and “Expert Journal of Economics”.

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Reviewer: editorial board’s member journals and: “Constitutional Political Economy”, “Regional Science and Urban Economics”.

Academic Responsibilities -

Academic Secretary, School of Economics and Business Administration, Universidad de Navarra: April-September, academic year 1997-1998.

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Secretary of "Oikos-Nemo Circle", School of Economics and Business Administration, Universidad de Navarra: academic year 1997-1998.

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Academic coordinator of the third academic year of undergraduates (Bachelor on Economics and Business Administration), School of Economics and Business Administration, Universidad de Navarra: from academic year 1999-2000 to 20032004.

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Assistant to the Associate Dean for Student Affairs, School of Economics and Business Administration, Universidad de Navarra: from academic year 1995-1996 to 20032004.

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As Assistant to the Associate Dean for Student Affairs, I have participated in the following national meetings of Deans of School of Economics and Business Administration: October 1998 (Albacete), November 2000 (Zaragoza), June 2001 (Valladolid), December 2002 (Madrid), October 2003 (Barcelona), and November 2003 (Málaga)

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Secretary of the Department of Economics, School of Economics and Business Administration, Universidad de Navarra: from academic year 2002-2003 to 20032004, and re-appointed in the academic year 2008-2009, until May 2011.

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Associate Dean for Student Affairs, School of Economics and Business Administration, Universidad de Navarra: from academic year 2004-2005 to 2006-2007. Reappointed for the period February-October 2011.

Other Academics Merits -

Member of the dissertation committee of Thibaut Michel Rhone’ thesis (Master’s Degree in Liberal Arts): “Los impactos de la especulación en los mercados de materias primas alimenticias”. Universidad de Navarra, Spain, June 25, 2012.

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Member of the Ph.D. dissertation committee of Marti Rode’ thesis: “Economic freedom, growth, democracy, and social welfare. Contributions to the study of their relationship”. Universidad de Santander, Spain, December 4, 2012.

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Member of the Ph.D. dissertation committee of Borja Balparda de Marco: “Four essays on Economic Issues in African Countries”. Universidad de Navarra, Spain, 5 de junio de 2015.

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Master Thesis Advisor (Master in Economics and Finance): “Exploring the oil prices and Exchange rates nexus in some African economies”, by VITALY PERSHIN, academic course 2013-2014.

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Master Thesis Advisor (Master in Economics and Finance): “Oil price shocks, economic activity and inflation rates in some Latin American economies”, by JUAN CARLOS ALARCÓN, academic course 2014-2015.

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Master Thesis Advisor (Master in Economics and Finance): “Oil price volatility and stock returns in the G7 economies”, by ELENA MARÍA DÍAZ, academic course 20142015.

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Thesis Advisor “Energías renovables en España”, by BRUNO BERNAL. School of Economics and Business Administration, Universidad de Navarra, Spain. From academic

course 2014-2015.

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Advisor of the following final degree projects: 

“La reforma sanitaria en Estados Unidos”, by LLUIS DIONIS VILARDAGA, academic course 2012-2013.

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“La conciliación de la vida familiar y laboral: enfoque teórico y práctico de las implicaciones de conciliación trabajo-familia”, by EDUARD PUIGVERT FULLADOSA, academic course 2012-2013.

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“¿Es el oro un valor refugio en la primera crisis económica y financiera del siglo XX?”, by FRANCISCA GIL BAUZA, academic course 2013-2014.

Other Responsibilities -

Manager of the building firm “Juan José Molero Lázaro, Construcciones”, period: July 2006 – April 2007.

References -

Professor Timothy Goodspeed Department of Economics, Hunter College, City University of New York 695 Park Ave., New York City, NY 10021, USA. Email: [email protected]

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Professor Maximino Carpio-García Department of Economics and Public Finance (Unit E-VI) School of Economics and Business Administration, University Autónoma of Madrid Carretera de Colmenar Viejo, Km. 15. Ciudad Universitaria de Cantoblanco 28049 Madrid, Spain. Email: [email protected]