The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...

Purpose – The purpose of this paper is to attempt to investigate the location determinants of foreign direct investment (FDI) and examine the impact of WTO accession. Design/methodology/approach – Based on an 11-year panel dataset on FDI and urban characteristics across Chinese cities, the...

Purpose – This paper focuses on the relationship between spontaneous business groups, such as the Taiwanese Businessmen Association (TBA), and the Chinese government. Design/methodology/approach – In analysing the relationship between the TBAs and the Chinese government, this paper focuses...

Purpose – The purpose of this paper is to simulate the function of foreign trade, foreign direct investment (FDI) and regional gross domestic product (GDP) in China, explore how these two variables affect regional GDP together and provide evidence to export-led growth (ELG) and FDI-led growth....

The appeal of the ‘Micro-foundations’ project, which requires that all macroeconomic propositions are reduced to or derived from microeconomic ones, is strongly supported by the considerable force of what Lakatos calls the discipline's ‘hard core’. This is particularly...

Siendo hoy en día tanto la inflación como la devaluación de las monedas una constante en todas las economías mundiales, y las “potencias†o economías desarrolladas no se escapan de ello aún cuando las tasas sean “de un dígitoâ€, es importante poder tomar en cuenta sus...

It is not possible to predict the future of evaluation. However, some well-founded assumptions can be made as to how evaluation is likely to develop on the basis of the current situation and the processes of social change in the future.First, a series of indicators is used to show that...

Complex systems ruled by principles such as self-organization, interaction,interdependence, back-feeding, initial conditions sensitivity and continuous emergenceand adaptation, is a new theoretical approach, still not very used to analyze space issues ofproduction organization and/or market...

The article´s main goal is to study the relationship between subjective perception of own economic situation and objective measures of economic well-being –sources of income, home ownership, education level, and informal family transfers– among the elderly in two Latin American...

ABSTRACTThis article analyzes the Costa Rican students identified as “resilient†in the PISA 2009evaluation; and compares them to their peers that, despite having similar socioeconomicbackground, obtained poorer results in this test. The article shows that differences inperformance may...