The study assesses whether incorporating macroeconomic variables and characteristics of the credit portfolio improves the specification of models designed to identify management discretion in making loan loss provisions by banks, considering the norms issued by regulatory agencies. The empirical...

Based on the median voter theorem, we propose an econometric model for estimating local demand for public education. We test the hypothesis that public expenditures associated to this sector are induced by the presence of certain factors of social, economic, geographic, and demographic nature....