This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

In this paper we consider properties and power expressions of the functions <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$f:(-1,1)\rightarrow \mathbb{R }$$</EquationSource> </InlineEquation> and <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$f_L:(-1,1)\rightarrow \mathbb{R }$$</EquationSource> </InlineEquation>, defined by <Equation ID="Equa1"> <EquationSource Format="TEX">$$\begin{aligned} f(x;\gamma )=\frac{1}{\pi }\int \limits _{-1}^1 \frac{(1+xt)^\gamma }{\sqrt{1-t^2}}\,\mathrm{d}t \quad...</equationsource></equation></equationsource></inlineequation></equationsource></inlineequation>

Formation of the Producers Export Company (PEC) in 1958 was a first attempt by grain cooperatives to develop an export merchandising program. PEC's nationwide membership had different export needs and financial resources which imposed constraints on PEC's strategy and operations. A lack of...

This note discusses some issues related to bandwidth selection based on moment expansions of the mean squared error (MSE) of the regression quantile estimator. We use higher order expansions to provide a way to distinguish among asymptotically equivalent nonparametric estimators. We derive...

We propose a chronology for business cycles in Colombia following the NBER classic notion; that is, dates of peaks and troughs of economic activity are estimated without decomposing the series used in their transitory and permanent components. The estimated chronology suggests that the four...