This paper aims to test the hypothesis of abnormal returns from the strategy of investing in shares with lower Price/Value Ratio (PVPA) in the Brazilian capital market. All the shares negotiated in the Sao Paulo Stock Exchange (Bovespa) from 1994 to 2006 were used, and formed 6 portfolios...

The deforestation of the Amazon forest is one of the most important environmental problems faced by the Brazilian government. The economic literature points to numerous factors responsible for deforestation, and many of these are, directly or indirectly, derived from federal spending. This...

Este trabajo discute el proceso de emparejamiento entre las vacantes y los desempleados para la ciudad de Santiago de Cali con datos de panel entre 1994 y el 2000 usando datos del SPE - SENA. Los resultados muestran rendimientos crecientes en la función de emparejamiento con respecto a las...

This paper analyzes the migration dynamics in the Americas from 1960 to 2005 using an equilibrium approach. Using recent spatial econometrics techniques, the migration flow is evaluated, controlling for the labor mobility effect and regional wages. Additionally, the estimated model looks for...

ABSTRACTEast Asia has been experiencing an epic progress of regionalism overthe last decade with China, Japan, and Korea (CJK) as the most prominentactors. Regionally speaking, East Asia has been nurtured by a market-drivenexpansion of trade and foreign direct investment (FDI) that leads the...

Through a rich panel of Spanish manufacturing companies, this study examines the hypothesis that the formation of inter-organizational complementarities in R&D depends on the type of alliance chosen by a firm to leverage its own R&D. To test this hypothesis, the study compares the capacity of...