In this paper, a computable general equilibrium (CGE) microsimulation model is used to analyze the effects of an <italic>ex ante</italic> legalization of drugs on the Colombian economy. The model consists of 11 productive sectors, 3 different labor force categories with unemployment, and 20 households divided by...

In this article, we use the dual long memory properties to assess the value-at-risk and expected shortfall for the Argentinean stock market under both short and long daily trading positions. We attempt to show whether considering for long memory properties in both the returns and volatility,...

Over one million workers commute daily to São Paulo City center, using different modes of transportation. The São Paulo subway network reaches 74.2km of length and is involved in around 20% of the commuting trips by public transportation, enhancing mobility and productivity of workers. This...