This paper investigates the relationship between the agricultural technological level and R&D expenditures, human capital, and openness to international trade using cross-country information for a sample of 104 countries and various subsamples over the period 1961-91. The unobservable...

In this paper, we study the link between real exchange rate (RER) depreciation and elections in Latin America. Our contribution is threefold. First, we employ a statistical model that takes into account the pervasive conditional heteroskedasticity found in financial data and includes a wide...

The most common approach used in international comparisons of agricultural productivity and technological change is generally based on Cobb-Douglas production functions. Similarly, the technological level is usually modeled as a linear deterministic trend. In this paper, we propose more general...

This paper extends Andrews' [1993] median-unbiased estimation for autoregressive/unit root time series to panel data dynamic fixed effects models. It is shown that median-unbiased estimation applies straightforwardly to models that include linear time trends as well as to those including more...

In this paper we investigate the relationship between the agricultural technological level and R&D expenditures, human capital and openness to international trade using cross country information for a sample of 104 countries and various sub samples over the period 1961-1991. We first model the...

This article uses bootstrap techniques to determine whether the exchange market in Mexico, during the period 1997-2011, is efficient or not. To the best of our knowledge, although this methodology is not new, it has not yet been applied to the case of Mexico. Based on the daily changes of...

We estimate a small-scale macro model for the Mexican economy under the New Keynesian (NK) framework and alternative interest rate rules for Mexico. With these results we evaluate the performance of the Bank of Mexico against a set of optimality principles derived in the NK literature. Our...

Explicar la dinámica de los precios industriales durante la ultima década, en la cual la economia peruana ha experimentado niveles inflacionarios extremadamante altos.La hipótesis es que, en tal contexto inflacionario, los precios industriales son determinados aplicando un margen de...

Explicar la dinámica de los precios industriales durante la ultima década, en la cual la economia peruana ha experimentado niveles inflacionarios extremadamante altos.La hipótesis es que, en tal contexto inflacionario, los precios industriales son determinados aplicando un margen de...