This paper examines the impact of crime and insecurity on support for and satisfaction with democracy and trust in institutions. We use survey data from the Latin American Public Opinion Project (LAPOP) for Colombia during the 2004-2010 period. We find that perceptions of insecurity, crime...

The effects of the current global economic crisis are widespread. The economic downturn has affected large sectors of the population in developed and developing countries and international immigrants have not been the exception. This article documents the recent slowdown in workers' remittances,...

In this paper we use three euro exchange rates to test for the presence of volatility spillovers, common volatility components and time-varying correlations using the multivariate-GARCH model and the common volatility methodology approach proposed by Engle and Kozicki (1993). Our results suggest...

This paper uses three euro exchange rates - the US dollar, sterling and yen - to test for the presence of volatility spillovers and time-varying correlations using the realised variance approach, which has significant advantages over the multivariate-GARCH methodology. Our results suggest that...

Abstract:The price puzzle has been the focus of many studies, however, most of these studies have focused on developed economies and especially on the U.S. Owing to this tendency; we do not know if there is existence of a price puzzle in developing economies. This is an important topic of...

Esta investigación tuvo como objetivo identi?car la relación entre la demanda por educación superior y variables relacionadas con su ?nanciamiento. Se analiza cómo el ?nanciamiento público y privado, además de las señales del mercado laboral, explican las matrículas en educación...

This paper re-examines the role of exchange rates as determinant of FDI. It extends the analysis to include the issue of how exchange rates determine the decision of invest in one country depending on whether the firm is deciding to invest on the country to service the local market or to invest...

This article examines stationarity properties, linkages and market efficiency of the Latin American foreign exchange markets over the 1994 to 2005 period. By using daily data for 14 countries we apply bivariate and multivariate cointegration estimations and we further account for the presence of...

This paper looks into the application of the theory of 'the persistence of profits' and how it can be used to model manufacturing industries in Colombia. By explaining where the theory of persistence comes from and what are its determinants, this paper proposes a model for examining persistence...