By 1996 the “pay as you go” pension system in Bolivia had gone bankruptcy. An important Pension Reform was enforced the same year. This paper analyses some important characteristics of old pension system, which led the system to bankruptcy, and some relevant incentives included in new...

This study analices the neuronal networks models’ capacity to predict the sign of the weekly variations of CAC40, Hang Seng, KLSE, MMX, STI, Dow Jones Industry, S&p500, GDAX, Bovespa, Nikkei225 and FTSE100.The relative performance of the models was measured by the number of correct predictions...

In this paper we jointly estimate markup values and rent distributions for the main productive factors in the Chilean manufacturing during the nineties. Results show that labor and inputs providers receive 21% and 16% of the extra rents obtained by the firm in imperfect final markets...

Until the appearance of the first wave of studies focusing on the hypothesis of the clarity of responsibility, the theory of economic voting implicitly assumed that the government is held responsible for the economic conditions of the country. Departing from previous studies based upon the...

Economic voting researching in democratic regimes is a line of study of extraordinary relevance and scientific interest. The author’s objective is to investigate how social and economic factors and economic character rational conditions influence elector’s final decision. So, ha states a...

Many analysts argue that the substantial growth in agri-food trade between Mexico and the United States can be attributed to changes in exchange rate, exchange rate volatility and NAFTA. This paper quantifies the effects of the changes in Mexico-United States real exchange rate, its volatility...