This paper looks at the spatial relationship of the average per capita income growth using intra-country or provincial data from 1988 to 2009. The results from the study provide insights on the geographical dimensions of provincial income growth and showed evidence on the role of spatial effects...

This paper introduces new methods of estimating Value-at-Risk (VaR) using Range-Based GARCH (General Autoregressive Conditional Heteroskedasticity) models. These models, which could be either based on the Parkinson Range or Garman-Klasss Range, are applied to 10 stock market indices of selected...

We exploit the exogenous variation arising from the drug interdiction policy of the United States in the 1990s to estimate the impact of high-intensity conflict on unemployment in Colombia. Using synthetic control method and difference-in-differences models, we find that over the period...

Two trends on yields have been observed for rice, wheat, and even edible oils in Asia. The deceleration of yield growth is one of these trends. The other relates to the differential yield increases across countries in the region. This study provides explanations for both trends and relates these...

Anecdotal evidence permeates accounts on the impact of the global economic crisis (GEC) on Philippine poverty. This study systematically assesses the evidence and recent data. It adopts a somewhat eclectic approach, applying regression and decomposition techniques to trace the GEC impact on GDP...