En este trabajo se presenta el análisis de cuatro casos específicos de surgimiento de cuatro actividades de exportación exitosas de Uruguay: software de computación, productos madereros, caviar y carne de esturión, y vacunas para animales. En cada uno de esos casos específicos se trata...

This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...

En este trabajo se pasa revista al crecimiento de las exportaciones en general en Chile y se concentra la atención en tres casos específicos de surgimiento de actividades de exportación exitosas en ese país: vino, puerco y arándanos. En cada uno de esos casos específicos se trata cómo...

This paper consists of four case studies of the emergence of four successful export activities in Uruguay: computer software, forest products, caviar and sturgeon meat, and animal vaccines. Each case study discusses how companies, associations, and governments at various levels have addressed...

This paper consists of three case studies of the emergence of three successful export activities in Mexico: avocado production, the manufacture of catheters, and call center outsourcing. Each case study discusses how companies, associations, and governments at various levels have addressed...

This paper surveys overall export growth in Chile and focuses on three case studies of the emergence of successful export activities in Chile: wine, pork and blueberries. Each case study discusses how companies, associations, and governments at various levels have addressed market failures and...

En este trabajo se presenta un análisis de tres casos específicos de surgimiento de otras tantas actividades de exportación exitosas en México: producción de aguacate, fabricación de catéteres y centros de llamadas telefónicas como servicio contratado externamente. En cada uno de esos...

In general, the properties of the conditional distribution of multiple period returns do not follow easily from the one-period data generating process. This renders computation of Value-at-Risk and Expected Shortfall for multiple period returns a non-trivial task. In this paper we consider some...

In this note it is argued that the estimation error in Value-at-Risk predictors gives rise to underestimation of portfolio risk. We propose a simple correction and find in an empirical illustration that it is economically relevant.