In the pre-reforms period the trade policy in Latin America had involved very high levels of protection and government intervention. The recent trade liberalization policies of the Latin American countries have sought to reverse the protectionist policies and open the scope for foreign direct...

This paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital accumulation under shifting technological change. The framework specifies a technological change that depends on exogenous and endogenous factors as well as the interaction...

Poverty being multi-dimensional in nature is the product of various interactive socioeconomic factors. Some of the factors shaping economic status of the household may be cited as widowhood, disability, illiteracy, ageing, household size, household status, dependency, low wages of the female...

We consider a difference-in-differences setting with a continuous outcome, such as wages or expenditure. The standard practice is to take the logarithm of the outcome and then interpret the results as an approximation of the multiplicative treatment effect on the original outcome. We argue that...

This paper addresses the place of sleep duration - objectively and subjectively - in the lives of employed men and women in Canada, based on data in Statistics Canada's 2010 General Social Survey no. 24, with an emphasis on time use. It addresses the mystery of how public opinion reflects a view...

The influence of non-economic factors and forces on economic activities and their outcomes is undeniable. Love, being so central to many human activities, should similarly have some effects on the economic activity of nations. This paper (a) builds a simple but innovative model, (b) imposes it...

The objective of this paper is to identify classes of regions presenting different economic situations and apply a join-count test to examine spatial dependences between these classes. The test examines spatial autocorrelation on the basis of qualitative data. The global join-count test...

Spatial effects are endemic in models based on spatially referenced data. The increased awareness of the relevance of spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics. Spatial econometrics focuses on the specification and...

This paper investigates the impact of the local and the US monetary policy environments on stock returns at the different locations on the return distributions. Using data for stock returns and interest rates of 30 countries, the quantile regression technique is employed to estimate the...

It has been argued that the deterministic frontier approach in inefficiency measurement has a major limitation as inefficiency is mixed with measurement error (statistical noise) in this approach. The result is that inefficiency is contaminated with noise. Later stochastic frontier approach...