Like many developing countries, Togo is facing a deficit of financial resources that leads to a dependence on international financial institutions. A better mobilization of internal resources could allow this country to reduce its deficit of resources and better control its process of economic...

The present paper presents key sector research for the Namibian economy, based on input–output and Social Accounting Matrix (SAM) analyzes. The analyses were derived from a Namibian SAM for the 2004 period, using 28 economic sectors. We find that mining and government services are currently...

This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no-arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...

In this paper we describe the pattern of creation and destruction of Chilean firms between 1999 and 2006. In addition, we construct transition matrices among different firm sizes based on tax information. It has to be noted that the available data for this study is probably the closest to what...

This paper investigates the extent of operating cost inefficiencies in the public provision of American higher education. The analysis employs panel data on American research and doctoral granting universities spanning four academic years, 2005-06 through 2008-09. Translog cost frontiers are...

In this study, we used the PSTR (panel smooth transition regression) model to investigate the nonlinear relationship between beta (systematic risk) and returns (world market excess returns) for net oil export and net oil import groups. We set the volatility of world market excess return as the...

The purpose of this paper is to employ the Meta-Frontier Cost Function to compare the bank efficiencies in Indonesia, Malaysia, and Thailand during the period of 2002-2009. We propose two new variables: income on loans and non-performing loans, to identify whether the banks are both cost and...

According to the international trade theory, open market oriented industries, sectors or economies are more effective in allocating production factors among economics actors than the relatively closed ones. However; it is wondered whether being open market oriented is good for societies as a...

The aim of this paper is to study the mechanisms behind poverty persistence in Spain. We examine the importance of past poverty experiences for explaining current poverty as opposed to observed and unobserved individual heterogeneity. Our results are based on the model proposed by Cappellari and...