The role of foreign direct investment in an old industrial region: The case of the Basque country and Japanese FDI

Foreign direct investment (FDI) has been used as a tool to improve the competitiveness of countries or regions affected by a structural crisis focused in the industrial sector. Spain, in general, has implemented this strategy successfully. However, the inflows of FDI in Spain have been concentrated in the most dynamic regions: Madrid and Catalonia especially. The Basque Country, typified as a declining old industrial region, has not benefited from this inflow owing to its low attraction for foreign investors. Furthermore, the sectors in which FDI is located are mature ones. The result is that FDI in Spain is increasing the gap between the growing and the declining regions. This fact is clearly detected when the case of Japanese FDI is analysed: Japanese FDI in the Basque Country is scarce and marginal when compared with that directed to the regions of Madrid and Catalonia.     

Bayesian Spatial Filtering for Hedonic Models: An Application for the Real Estate Market

This article presents a Bayesian method based on spatial filtering to estimate hedonic models for dwelling prices with geographically varying coefficients. A Bayesian Adaptive Sampling algorithm for variable selection is used, which makes it possible to select the most appropriate filters for each hedonic coefficient. This approach explores the model space more systematically and takes into account the uncertainty associated with model estimation and selection processes. The methodology is illustrated with an application for the real estate market in the Spanish city of Zaragoza and with simulated data. In addition, an exhaustive comparison study with a set of alternatives strategies used in the literature is carried out. Our results show that the proposed Bayesian procedures are competitive in terms of prediction; more accurate results are obtained in the estimation of the regression coefficients of the model, and the multicollinearity problems associated with the estimation of the regression coefficients are solved.     

The Middle Neolithic of Morocco’s North-Western Atlantic Strip: New Evidence from the El-Khil Caves (Tangier)

The period comprising the end of the Early Neolithic and the Middle Neolithic, dated broadly within the fifth millennium cal BC, corresponds to an interval that remains largely unknown in the extreme north-western tip of Africa. This situation contrasts with that of the Early Neolithic, a period characterised by the earliest evidence of the diffusion of a productive economy, cultivated plants and domestic animals. The paucity of data for these later phases can be explained in part by the lack of secure contexts and sequences based on radiocarbon datings of short-lived samples. The current study presents the results of the excavations of El-Khil Caves B and C that yield materials allowing re-evaluation of the chronology of a type of ceramic known as Ashakar ware. The study also identifies two traditions in the northern Moroccan Middle Neolithic. The first is heir to the so-called Impressa Mediterranean ware and rooted in the Cardial Neolithic, while the second is characterised by roulette cord impressions, red slip and tunnel lugs and probably rooted in the region of the Sahara, and has no technological precedents in the study area.     

Towards lower carbon cities: urban morphology contribution in climate change adaptation strategies

Non-urbanized areas (NUAs) play an important role in reducing the effects of climate change by providing both carbon storage and sequestration. Urban areas are responsible for the emission of 60% of global greenhouse gas, 50% of which are produced by buildings. During the past decades, increasing urban growth and sprawl processes produced several urban layouts characterized by different morphological features and a common lack of sustainable energy and environmental solutions. Investigating the relationship between urban morphology, energy demand and carbon emission/sequestration represents a relevant topic for urban planning practices implemented to face urban climate change effects. This study proposes a method for a transformability assessment aimed at investigating the transformation suitability of different urban morphology types. The case study is the metropolitan area of Catania (Italy), characterized by an impressive urban growth since the 1960s. The proposed method identification of limits and options for increasing sustainability of urban areas considering the contribution of both NUAs and built-up areas. This approach allows to identify appropriate planning tools for new layouts of urban fabrics while increasing the objectivity of the decision process. In the framework of climate change mitigation and adaptation, the outcomes of this research may lead to innovative urban planning practices.