This paper analyzes and employs two versions of the Functional Central Limit Theorem within the framework of a unit root with a structural break. Initial attention is focused on the probabilistic structure of the time series to be considered. Later, attention is placed on the asymptotic theory...

This study estimates the economic cost of mining pollution on water resources for the years 2008 and 2009 based on the conceptual framework of Environmental Efficiency (Pittman, 1981.1983, Färe et al., 1989, 1993, 2003; Rao, 2000). This framework understands such costs as the mining companies...

Under inflation targeting and other related monetary policy regimes, the identication of non-transitory inflation and forecasts about future inflation constitute key ingredients for monetary policy decisions. In practice, central banks perform these tasks using so-called "core inflation...

El objetivo principal del trabajo es someter a prueba la existencia de diferencias de los ingresos entre los trabajadores asalariados y los autoempleados en los mercados laborales del Perú. Para este fin se utiliza la información de las encuestas de hogares de los años 2008 y 2009, y se...

El presente documento analiza el impacto de las expectativas políticas sobre los retornos del índice general de la Bolsa de Valores de Lima (IGBVL) utilizando información para los periodos electorales de 1995 y 2000. La variable explicativa principal es una medida de la probabilidad de que un...

El presente trabajo tiene como objetivo evaluar el efecto de contar con una lengua materna distinta del castellano sobre la probabilidad de abandonar los estudios básicos en el Perú (en el nivel de primaria o secundaria). Para ello se emplea un modelo de duración de riesgo proporcional (Cox)...

Some stylized facts for foreign exchange and stock market returns are explored using statistical methods. Formal statistics for testing presence of autocorrelation, asymmetry, and other deviations from normality are applied to these ?nancial returns. Dynamic correlations and di¤erent kernel...

Based upon the National Survey of Households of 2008 (INEI-ENAHO, 2009), this paper estimates a set of indicators of the microenterprises of the informal sector or Peru. This set shows, on the one hand, the importance of these firms in terms of employment generation and their potential...

This paper presents a set of indicators of science, technology, innovation (SCTeI), technologic coordination (cooperation or collaboration) and use of ICT at the level (1998-2009) of Peru and firms (2004-2007). Further and based upon an enterprise model, it presents evidence of the impact of...

Although in the debate over the current financial crisis there is a general agreement on the role played by foreign capital inflows into the United States – that together with financial deregulation allowed for an excessive increase of credit in that country–, we think that their importance...