This paper shows evidence with respect to the Purchasing Power of Parity (PPP) hypothesis in twelve Latin American countries. The variance ratio statistic is used to gauge the stationary component in the real exchange rate, as well as the real exchange ra

The objective of this book is to provide policy recommendations to reduce the economic vulnerability of the poor to adverse shocks and help them cope with income downturns. The authors suggest that, social equity arguments aside, insuring the poor is desirable in terms of economic efficiency....

The objective of this book is to provide policy recommendations to reduce the economic vulnerability of the poor to adverse shocks and help them cope with income downturns. The authors suggest that, social equity arguments aside, insuring the poor is desirable in terms of economic efficiency....

Corruption perceptions are commonly utilized as essential information to measure corruption across countries and regions. In this paper we consider the hypothesis that respondents to corruption perception questions utilize different response scales in their answers, i.e. for identical levels of...

The purpose of this paper is twofold: first, it tests the Prebisch-Singer hypothesis of a secular deteriorating trend, and, second, presents a time-series analysis of the dynamics of commodity prices. Using annual data for the 1900-92 period and employing recently developed econometric...

This paper presents a summary of the main results and conclusions achieved in the DISS (Direct Solar Steam) project. The test facility implemented at the Plataforma Solar de Almería (PSA) in 1997–8, the so-called PSA DISS test facility, was operated for more than 3000 h in 1999–2000 and...

The model used for the estimation of the incidence of trade policy divides the economy into three sectors: non-traded, exportables and importables. Later on, the traded sector is subdivided into agricultural and non-agricultural, with the objective of est