This paper considers the economic implications of having unit roots in stochastic processes of variables like consumption or GDP. Using a variety of models, we develop indirect tests for unit roots based on sharp distinctions that should arise when the scale variable is either difference...

This paper uses different methods to evaluate the performance of students of public, subsidized, and private schools; distinguishing among for-profit and non-profit schools.

One of the pillars of the educational voucher system instituted in Chile is that competition among schools to attract students would improve the quality of the education provided. Surveys have suggested that families rank the distance of the school from their home as the most important factor...

This paper uses several econometric models to evaluate the determinants of the outcomes of the World Cup Qualifying matches played in South America. It documents the relative importance of home-field advantage and other factors. Contrary to popular belief, altitude appears not to be an important...

This paper analyze the demand for educational services in a context in which households and schools are heterogeneous. Distance from student’s place of residence to schools is a key component of our model. School quality and household characteristics are also important in- gredients. Our...

This paper uses different methods to evaluate the performance of students of public, subsidized, and private schools; distinguishing among for-profit and non-profit schools.

Chile put into place broad free trade agreements (FTAs) with its two major trading partners: the EU (effective 2003) and the US (effective 2004). This paper quanti- fies their economic effects for the Chilean economy, stemming from the conventional trade components (lower tariffs and higher...

This paper uses several econometric models to evaluate the determinants of the outcomes of the World Cup Qualifying matches played in South America. It documents the relative importance of home-field advantage and other factors. Contrary to popular belief, altitude appears not to be an important...

One of the pillars of the educational voucher system instituted in Chile is that competition among schools to attract students would improve the quality of the education provided. Surveys have suggested that families rank the distance of the school from their home as the most important factor...