To measure the economic effects of political movements in China a simple econo-metric model is constructed. Investment is determined by a central planner maximizing a multiperiod objective function. Political events are modeled by exogenous changes in the shocks to productivity and to investment...

We construct a structural econometric model to measure partially the economic effects of political movements in China.

This paper shows that the behaviour of inventories is not symmetrical and that their modelling requires more than just a linear regression. Models of inventory behaviour are described and symmetric and non-symmetric-error-correction models are formulated which divide the changes in production...

OLS estimates of the rate of return to education are subject to a number of potential biases. Recent developments in the literature have focused particularly on exploiting alternative instruments, arising naturally in the data, to counteract these problems. A number of such instrumens are...

I illustrate the convergence to Rubinstein's (1982) bargaining outcome of the solutions of the finite-horizon truncations of that game. The depiction is new, and hopefully instructive, and has the flavour of international trade diagrams.

Se presenta una visión analítica global de la información de un sistema económico y su modelo de representación econométrico, proyectando nuestro propósito hacia la descripción de elementos, relaciones y procesos presentes en él que, siendo aparentemente completos o incluso inconexos,...

This paper has pushed Becker's matching insights into a quite plausible search setting. Exploiting the implicit integral equation (10), we gave a thorough characterization of cross-sectional matching patterns in the equilibrium and constrained s ocial optimum of a frictional matching model. In...