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...

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...

Starting from a day-to-day model on hotel specific guest nights we obtain an integer-valued moving average model by cross-sectional and temporal aggregation. The two parameters of the aggregate model reflect the daily mean check-in and the daily check-out probability. Letting the parameters be...

En este documento se estudian los determinantes de la heterogeneidad observada en la flexibilidad de precios, empleando los resultados encontrados en una encuesta directa por Misas et al. (2009). Para esto se utilizan los modelos de conteo y se diseñan e implementan un conjunto de pruebas de...

The paper discusses some model related issues for time series of the number of shareholders in a stock. The point of departure is an integer-valued autoregressive model of order one. Empirical results are presented for some frequently traded stocks on the Finnish and Swedish stock markets. In...

This note defines the asymmetric count data, first order moving average model and gives some of its basic properties. A brief account of conditional least squares estimation of unknown parameters is also given.