This research shows the pay gap between public entities in Ecuador. We use the information of Annex Relation Unit of the Internal Revenue Service and the Civil Registry for 2008 and 2009. The study makes a Mincerian model and an analysis by quintiles to find and compare the wage gap between...

Empirical research has called for intensive use of disaggregated data. One of the most heavily used data set in studying the corporate behavior and performance in China is Chinese Industrial Enterprises Database. As we will show, this data set suffers from data matching problems as well as...

The aim of this study is to analyse the impact of competition, both internal and external, and of the business cycle on monopolistic markups in the Polish economy. The results show that there are significant markups in several sectors of the economy which complies with earlier estimations by the...

In this paper, I present an empirical model of learning under ambiguity in the context of clinical trials. Patients are concern with learning the treatment effect of the experimental drug, but face the ambiguity of random group assignment. A two dimensional Bayesian model of learning is proposed...

This exploratory paper estimates the effects on well-being of two very important institutional symbols of 59 countries in 2007: national flags and constitutions. The results indicate that well-being responds positively to investment in material things as well as the existence of flags. However,...

A high degree of multicollinearity among the explanatory variables severely impairs estimation of regression coefficients by the Ordinary Least Squares. Several methods have been suggested to ameliorate the deleterious effects of multicollinearity. In this paper we aim at comparing the...

Recent empirical studies concerning the impact of foreign direct investment (FDI) on economic development have all been taking into account FDI as a whole. However, the theoretical literature on the topic argues that more attention should be devoted to distinguishing FDI by type, and suggests...

This paper investigates if differences in environmental regulations can influence FDI flows in a multi-country setting taking into account the so-called "third-country" effects. We examine bilateral FDI flows using a new extended OECD investment database which covers great number of host...

Sampling variations complicate the classical inference on the analogue bounds under the monotone instrumental variables assumption, since point estimators are biased and confidence intervals are difficult to construct. From the Bayesian perspective, a solution is offered in this paper. Using a...

This paper discusses the finite sample bias of analogue bounds under the monotone instrumental variables assumption. By analyzing the bias function, we first propose a conservative estimator which is biased downwards (upwards) when the analogue estimator is biased upwards (downwards). Using the...