In this paper we are concerned with the estimation of income elasticities of environmental amenities. The novelty is the application of econometric methods that take into account the problem of measurement errors when estimating these elasticities, which are common in microeconomic data and are...

In this paper we are concerned with studying the consequences of geographic concentration of population and economic activities on the increase of inequality observed in the Uruguayan labour market. The external effects of geographic concentration, which caracterizes most developing countries,...

The small-scale fishery sector in many Pacific islands is facing increasing challenges in relation to resource availability, economic opportunity, demographic and social pressure. In particular, intensifying cash-oriented livelihood strategies can exacerbate existing vulnerabilities and threaten...

The aim of this paper is to discuss how the efficiency conclusions obtained from DEA are affected when they are complemented with bootstrap confidence intervals. Bootstrap approximations to DEA estimator distribution functions have not been practically used in empirical analysis, despite being...

We describe how to test the null hypothesis that errors from two parametrically specified regression models have the same distribution versus a general alternative. First we obtain the asymptotic properties of teststatistics derived from the difference between the two residual-based empirical...

Abstract This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize...