This paper studies the effect of human capital on the regional entry of firms. An econometric model for a system of disjoint regions and frequency data is constructed, making the comparison between the regions a random discrete choice problem. Empirical evidence from Swedish labour market...

En este artículo se investigan los determinantes de la inversión extranjera directa (IED) en Colombia, utilizando una detallada base de datos a nivel de firma. En particular, se comparan las características de las empresas que reciben IED y de aquellas que no reciben este tipo de inversión....

A pseudo-panel was built to estimate the determinants of the labor participation decision of married women between 1984 and 2000. Past participation decisions, education level, labor income taxes, children between 1 and 2 years of age, and the presence of other people unemployed at home are the...

Este documento busca identificar los determinantes de acceso al crédito de los hogares colombianos y encuentra que características tales como el ingreso, la riqueza, la posición geográfica, el acceso a la seguridad social, el nivel de educación y la edad afectan la probabilidad de ser...

Conditional heteroskedasticity properties are derived for some common count data regression and time series models. New extensions are suggested and discussed.

The daily number of occupied hotel rooms in three large Swedish cities is modelled by an integer-valued and binomial autoregression. The model includes the capacity constraint and price variables are incorporated through the parameters of the model. The model implies a duration of hotel visit...

The aim of this paper is to identify a set of early warning indicators that effectively discriminate between firms that are more prone to default on their financial obligations from those that are less prone to do so. To fulfill this objective, we use the Discriminant Analysis methodology. We...

In this paper we seek to assess the ability of banks to withstand the e?ects of an increase in credit risk as a result of changes in the macroeconomic environment. To do so we estimate a credit risk model for each loan type as a function of four macroeconomic variables commonly used in the...

Un continuo monitoreo del estado del riesgo de crédito es prioritario para preservar la estabilidad del sistema financiero. En este documento se utilizó la información de la encuesta de carga y educación financiera de los hogares (Iefic) para analizar las condiciones de endeudamiento y los...

The research estimates a competing risk model of mortgage terminations on samples of UK securitised subprime mortgages. Given the argued role of these types of loan in the recent financial crisis then it is important to better understand their performance and supposed idiosyncratic behaviour....