This paper employs recent advances in dynamic panel data analysis to study the determinants of tourist flows to the Caribbean. Consistent with the theoretical literature, the results are found to be highly sensitive to estimation technique. The preferred GMM system suggests income and price...

Skill premia trends for the Mexican urban labour market are analysed, decomposing into demand and supply factors. Moreover, among the former both between and within effects are studied, in line with the Katz and Murphy decomposition. It is shown that demand factors are more important for...

We construct a simple information matrix misspecification test for exponential distributions that can be applied in duration models. We evaluate the test performance using Monte Carlo simulation experiments. We found good empirical size properties and good power against Weibull and Gamma...