This paper studies models for discrete outcomes which permit explanatory variables to be endogenous. In these models there is a single nonadditive latent variate which is restricted to be locally independent of instruments. The models are silent about the nature of dependence between the latent...

A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly...

Statisticians are the professionals responsible for collection, presentation and analysis of data and help decision making in face of uncertainty. They are the backbone of any institution or activity facing decision under risk and uncertainty. Statistics provides a cost-effective solution for...

According to the WTO data for regional trade agreements (RTA), the number of RTA has been exponentially growing since the middle of the 1990s. As a result, many countries these days have had more than one free trade partner country. In this paper, we attempt to find out statistically important...

Rubin sounded an alarm indicating that economic development practitioners were less than strategic in their economic development incentive adoption when he declared that developers “shoot anything that flies, claim anything that falls.†This article builds on the work of those who have...

Since 1991, Colombia has had a market-determined Peso–US Dollar Nominal Exchange Rate (NER), after more than 20 years of controlled and multiple exchange rates. The behaviour (revaluation / devaluation) of the NER is constantly reported in the news, editorials, and op-eds of the major...

The Government of Uganda created in 2010 a strategic plan to invest in public health as part of its broader national development goals. The health plan recognizes housing and urbanization as a determinant of health, but has not yet formulated policy to address the relationship. This study can...