Economists Andreu Mas-Colell (Barcelona, 1944) and Hugo Sonnenschein (New York, 1940) share the BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management for extending the reach and applicability of general equilibrium analysis and for establishing the modern theory of aggregate demand. According to the jury’s citation, their work has helped achieve better models for the overall behavior of the economy, and particularly to interpret and empirically measure consumer behavior.
The BBVA Foundation Frontiers of Knowledge Award in the Development Cooperation category goes in this second edition to the Development Research Institute, DRI, at New York University, for its contribution to the analysis of foreign aid provision, and its challenge to the conventional wisdom in development assistance.This U.S. institute, founded in 2003, is devoted to research on the economic development and growth of poor countries and to advising aid agencies how to improve their performance.
The BBVA Foundation and the Valencian Economic Research Institute (Ivie) publish the latest version of their data bank on capital stock and investment in Spain. According to this update, capital accumulation has been slowing since the start of the crisis due to the contraction in real investment.
Citizens in both Europe and North America are concerned about illegal immigration, according to public opinion survey Transatlantic Trends: Immigration supported by the BBVA Foundation. However, a majority believe that legal immigrants who come to the country to work should have the opportunity to remain permanently.
According to a survey by the BBVA Foundation’s Department of Social Studies and Public Opinion, Spaniards share a very positive view of the welfare state and support government controls in areas like prices, wages or profits. They are aware of the severity of the current crisis, feel themselves directly affected and have made moves to rein in their spending
A BBVA Foundation-Ivie study analyzes the increase in value of Spanish housing properties between 1990 and 2007, including the land on which they are built. Itemized information is provided by territorial unit, distance from the coast and the age of dwellings.
Study statistics
The book La protección de la familia en la Unión Europea: análisis comparado y simulación de reformas aplicadas a España takes an in-depth look at family support policies in Spain and other European countries. The authors also use microsimulation techniques to evaluate tax reform proposals with a bearing on the family in the realms of direct and indirect taxation. Finally, the concluding section offers a simulation of the distributive and welfare effects of reducing VAT on children’s items.
The BBVA Foundation publishes the resource notes series Población and Capital y Crecimiento in collaboration with the Valencian Institute of Economic Research (Ivie). The goal of these publications, available in Spanish only, is to communicate the results of our institutions’ joint research programs on demography and economic growth to a non-specialist readership.
