Using data for 541 Taiwanese listed companies over the 1994-2009 period, this paper examines the effect of unexpected exchange rate exposure on the value of the enterprise and the determinants of exchange rate exposure in Taiwan. The empirical evidence shows that about 25% of listed companies...

ndia's National Rural Employment Guarantee Scheme (NREGS) has been hailed as one of the country's most creative social initiatives. Since the program was begun only recently (in 2004-05) there is a need to assess household access to this program and persistence of benefits to households not just...

Resumen:Debido a la unificación tarifaria que se evidenció en el Departamento de Antioquia en el primer semestre del año 2008 ocasionada por la adquisición del 100% de la participación accionaria de EADE por parte de EPM, se originaron una serie de implicaciones de bienestar en los usuarios...

Is corruption capable of spreading across national borders? This paper uses panel data for 120 countries from 1995 to 2012 to evaluate whether the corruption levels ofneighboring countries, as weighted by the relative joint border length, affects domestic corruption. Including country fixed...

This paper raises concerns about the econometric approach used in the literature to estimate credit unions’ production technologies. We show that the existing studies did not recognize heterogeneity amongst credit unions’ technologies as captured by (endogenously selected) differing output...

ABSTRACTEast Asia has been experiencing an epic progress of regionalism overthe last decade with China, Japan, and Korea (CJK) as the most prominentactors. Regionally speaking, East Asia has been nurtured by a market-drivenexpansion of trade and foreign direct investment (FDI) that leads the...

This paper analyzes the recent literature on innovation and its determinants from an institutional point of view. Innovation is a concept that has been defined by several authors as implementing new ideas, processes, mechanisms and methods that allow the generation and development of new ideas,...

Resumen:La construcción de modelos que contribuyan a la explicación del comportamiento de la demanda de dinero son aportes importantes para el análisis económico, ya que ellos pueden explicar el comportamiento de la tasa de inflación así como también de la tasa de interés, variables...

The empirical literature on trade imbalances does not make currency tensions easy to understand, because tensions across traders originate from the assumption that export-price elasticity is high. This paper provides new evidence by analysing the export-behaviour of China, France, Germany,...

Using a broad number of indicators from an updated data set on human capital inequality for 146 countries from 1950 to 2010, this paper documents several facts regarding the evolution of income and human capital inequality. The main findings reveal that, in spite of a large reduction in human...