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...

The last decade witnessed a significant increase in the flows of foreign direct investment (FDI) into developing countries, particularly in Latin America. This increase is likely to continue as multinational corporations look for new markets and profitable opportunities to serve or produce...

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...

Abstract:This paper uses data from the Legalized Population Survey to study the determinants of U.S. immigrant´s home ownership. The main interest of the paper is on the relationship between house ownership in the U.S. and house ownership abroad. The results show that house ownership of U.S....