This paper studies the relationship between the growth of China and India in world merchandise trade and Latin American and Caribbean commercial flows from two perspectives. First, the authors focus on the opportunity that China and India's markets have offered Latin American and Caribbean...

The standard approach for fitting a Cobb-Douglas production function to micro data with zero values is to replace those values with"sufficiently small"numbers to facilitate the logarithmic transformation. In general, the estimates obtained are extremely sensitive to the transformation chosen,...

After decades of heavy trade restrictions, fiscal distortions, and currency overvaluation, Cameroon implemented important commercial and fiscal policy reforms. Almost simultaneously, a major CFA devaluation cut the international price of Cameroon's currency in half. The authors examine the...

After decades of high trade restrictions, fiscal distortions, and currency overvaluation, Cameroon implemented important commercial and fiscal policy reforms in 1994. Almost simultaneously, a major devaluation cut the international price of Cameroon's currency in half. This article examines the...

This paper aims at quantifying the relative importance of different transmission channels generating the high levels of intergenerational correlations in education, especially in Latin America. A simultaneous equations model is applied to rich survey data from Mexico. The results show that the...

The Swiss schooling system is characterized by early tracking of pupils into di erent types of education, which suggests that the impact of parental background may a ect transitions at a relatively young age which condition the future transitions of their children as well as their nal...

Education is a main player in social mobility, however, it remains unclear through which channel the high observed intergenerational correlations of educational attainment are produced. The literature proposed very different mechanisms that could drive these correlations. This paper uses a...

<Para ID="Par1">This paper aims at quantifying the relative importance of different transmission channels generating the high levels of intergenerational correlations in education, especially in Latin America. A simultaneous equations model is applied to rich survey data from Mexico. The results show that the...</para>