Applying various indicators, this paper estimates the need for minimum wage reform in South America as seen by the neoclassic paradigm. In addition, an inventory of minimum wage reforms is prepared and compared with the need for reforms. The first result of the paper shows that, with the...

The main aim of this paper is to investigate the political determinants of international arms transfers. We distinguish between the decision to exports arms (extensive margin) and the value of the arms exported (intensive margin). A theoretically-justified gravity model of trade augmented with...