José G. Montalvo and Marta Reynal-Querol show a relevant effect of the skills of first colonizers on long-run levels of development in Latin America.
José G. Montalvo, Amedeo Piolatto and Josep Raya develop a fraud decision theory and test its implications with a unique Spanish dataset.
José García-Montalvo and Marta Reynal-Querol develop a systematic strategy to study the effect of diversity on growth by analyzing this relationship at different spatial scales.
Substantial investments have been made in Spain’s transport infrastructure. Teresa Garcia-Milà and José G. Montalvo investigate the effect of highway construction between 1984-2000 on job creation and business creation, not finding a convincing impact.