Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.

In recent years the problem of the determination of causality has become an increasingly important question in the field of corporate governance. This paper reviews contemporary literature on the topic and finds that the current approach is to attempt to determine causality empirically and that...

Desde la perspectiva de la política coyuntural de la empresa, este artículo prueba, para el caso colombiano, lo que los autores han denominado la hipótesis de Krugman", según la cual el sector real incide en el desempeño del sector financiero. Con información disponible en la...

This study analyzes the effectof changes in corporate controlon the way shareholdersbenefit from the announcements of selling and buying airlines, thus contributing to the literature on mergers and acquisitions (M&As) in emerging markets. Using a methodologyof event study, including GARCH and...

This paper analyzes the determinants of R&D offshoring of Spanish firms using information from the Panel of Technological Innovation. We find that being an exporter, continuous R&D engagement, applying for patents, being a subsidiary, and firm size are factors that positively affect the decision...

This paper explains why different studies present widely-varying estimates of the effect of increased schooling on national income. It shows that when correctly-interpreted, these studies support the hypothesis that a one-year increase in average schooling attainment raises national income...

Resumen:La formación y consolidación de empresas constituye un elemento clave para lograr la transformación social y económica de Colombia. Muestra de esta hipótesis, son el creciente número de trabajos académicos y políticas encaminadas a fomentar la actividad emprendedora en el país y...

Studying Foreign flows and the liquidity of six Asian markets we provide evidence of two empirical regularities: On the one hand, foreign trade has a negative but transitory impact on the overall liquidity of the market on a daily basis.This finding is shown consistent with two hypotheses: that...

Resumen:El objetivo de la presente investigación es proponer un modelo probit para datos de panel desbalanceado con efectos aleatorios que permita estimar la probabilidad de quiebra de las empresas del sector real en Colombia, para inferir del riesgo de crédito, tomando información de...

La adopción del Estatuto de Roma, aparentemente conveniente desde los hechos históricos quelo anteceden, no fue una empresa fácil debido al comportamiento ambivalente de los Estadosinvolucrados en su concepción y ha sido, además, gravemente criticada por el desconocimiento ensu concepción...