Este documento analiza la oferta de trabajo no agrícola de los hogares rurales en Bolivia. Se observa que aproximadamente el 50% de todos los hogares en el área rural complementan sus ingresos a través del trabajo no agrícola, esta actividad tiende a ocurrir con más frecuencia en los...

The elasticity of labor supply to real wages has broad and significant implications to understanding economic fluctuations and to evaluating the effects of economic policies. Recent literature emphasizes the importance of distinguishing between uncompensated and intertemporal elasticities,...

In this research we evaluate an alternative redistributive scheme for Uruguay. Specifically,we analyze the impacts on equity and efficiency of substituting the new conditional cash transfer program (Asignaciones Familiares – AFAM-) and direct taxes (personal income tax–IRFP-) by a negative...

In the present work we study the joint determinants of fertility and female labor supply decisions in Uruguayan households. Basing on data from the Survey on Family Situation and Social Performance (Encuesta sobre Situaciones Familiares y Desempeños Sociales en Montevideo y Área Metropolitana)...

The present document analyzes the energy substitution elasticities in the short and long term in Bolivia. The inputs accounted are electricity, hydrocarbons and biomass. In order to measure and identify the direction of the elasticities we use a Transcendental Logarithmic Production Function,...

In this paper we introduce two general non-parametric first-order stationary time-series models for which marginal (invariant) and transition distributions are expressed as infinite-dimensional mixtures. That feature makes them the first Bayesian stationary fully non-parametric models developed...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...

This paper develops a continuous-time random model of loss index triggers for cat bonds on the basis of the loss amount incurred until their maturity. Assuming that total loss amount due to a catastrophe is defined as the sum of the incurred loss amount plus the incurred-but-not-yet reported...

This research shows the application and performance of three models for the classification of credit applicants: discriminant analysis, logistic regression and neural networks; techniques used by financial institutions for the calculation of credit scoring. The results show a better performance...

The probability that a services procurement undertaken by the Spanish Armed Forces becomes null and void is analyzed, as well as the winning bid in the case of procurements which were awarded. To do this, a sample selection model is estimated using data compiled from the Public Sector...