Previous research on sex selective abortions has ignored the interactions between fertility, birth spacing and sex selection. This paper presents a novel approach that jointly estimates the determinants of sex selective abortions, fertility and birth spacing, using data from India's National...

In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables.

The effects of open market operations and long versus short bond financing on risk in financial markets in a stochastically growing economy are studied. An increase in short bonds, resulting from exchanging long bonds, increases the riskiness of long bonds and raises their real rate of return....