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Why did services become the dominant sector in industrialized economies? While abundant literature exists on the transition from agriculture to industry (i.e., the industrial revolution), there is no consensual explanation for the second wave of structural change. I argue that sectoral...
Persistent link: https://www.econbiz.de/10008457545
This paper analyzes the emerging economies sovereign spread, with emphasis on the impact of commodity prices. Using a panel data model, it tests the heterogeneity of this relationship, depending on the degree of exports concentration and distinguishes the impact of global activity on sovereign...
Persistent link: https://www.econbiz.de/10010821581
The impact on oil prices of geopolitical tensions and oil supply-side events is examined. Using a GARCH model on daily oil price data, we find that, when these events actually occur -10% frequency- the geopolitical events explain around 3/4 of daily oil returns forecasted by the model, and oil...
Persistent link: https://www.econbiz.de/10010821584
Persistent link: https://www.econbiz.de/10003929171
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This paper estimates intergenerational mobility in education using data from 91 censuses in 24 countries in Latin America and the Caribbean spanning over half a century. It measures upward mobility as the likelihood that individuals will complete one educational stage more than their parents...
Persistent link: https://www.econbiz.de/10014581458
Persistent link: https://www.econbiz.de/10009782455
This paper estimates intergenerational mobility in education, using data from 91 censuses in 24 countries in Latin America and the Caribbean spanning over half a century. It measures upward mobility as the likelihood that individuals will complete one educational stage more than their parents...
Persistent link: https://www.econbiz.de/10015376564
We provide novel evidence of the impact of coresidence bias on a large set of indicators of intergenerational mobility in education. We begin re-examining a recent claim that the correlation coefficient is less biased than the regression coefficient. Then, we expand our analysis to show that...
Persistent link: https://www.econbiz.de/10014518300
[fre] L’intégration aux marchés financiers internationaux (IMFI) en Amérique latine n’a pas été aisée. Les expériences étudiées de l’Argentine, du Brésil, du Chili et du Mexique montrent que l’intégration financière n’est pas un objectif facile à atteindre. Le cadre...
Persistent link: https://www.econbiz.de/10010980048