Education as an investment has competitive investment assets to which is compared usually by the respective return rates, that crucially depend on institutional quality. High returns to education depend on education quality whereas returns to rent seeking are basically determined by the quality...

The data analysis on education, institution and growth shed further light on the limitations to empirical research as well as provide patterns that may be a useful reference for it. Firstly, carrying out Cluster Analysis similar-country grouping is obtained, and unsurprisingly, it is shown that...

This paper attempts to develop insights into comparative evaluations of quality determinants for education services provided by higher education (HE) institutions as they are perceived by their graduates in some European countries. Quality in HE, as well as defining a way to measure it, is not a...

School choice is one of the most researched topics in the educational sciences in the last decades. Its importance in reorganizing educational systems in many countries is unquestionable. Current literature underline that its impact should be positive under certain policy framework: this is...

This paper discuses the effect of the minimum wage on the decision to join the informal job sector. We estimated a pseudo panel of the engagement in the informal sector using an IV-probit. The findings show that an increase in the minimum wage leads to a substitution effect between young and...

Purpose – The purpose of this paper is to discuss the role of Markovian transitions related to the economic convergence among countries. Thus, the paper aims to develop an overview of several classical approaches, including an analysis of fallacies exposed through the literature....

El objetivo de este artículo es examinar la relación causal entre asesinatos y actividad económica en Colombia durante las décadas recientes. El análisis saca provecho de que la actividad económica en el resto de América Latina está altamente correlacionada con la actividad económica en...

The consumer’s choice over a bundle of products depends on the observable and unobservable characteristics of the product and the consumer. The choice is made over the basis of maximizing utility subject to their income restrictions and, at the same time, firms make product differentiation...

This paper reviews the main economic theories and international empirical applications that analyze demand for education. The document begins with a review of the theoretical background since the appearance of human capital theory proposed by Becker (1964), which made way to the emergence of the...