Showing 1 - 10 of 108
Measuring labor's share of an economy's aggregate income seems straightforward,at least in principle. Count up wage and salary income, along with the value of benefitsprovided to employees, and divide it by total income. However, one fundamentalconcept of labor's share in macroeconomic theory is...
Persistent link: https://www.econbiz.de/10005466561
We test the existence of changes in the relationship between fertility and schoolingin Colombia for women from 30 to 40 years old between 1995 and 2005. For ourpurpose, we use Poisson Regression Models. Our database is the Demographic andHealth Survey from 1995 and 2005. We found a reduction in...
Persistent link: https://www.econbiz.de/10005466562
This study examines the determinants of information and communications technology(ICT) use and access of low-income people in three developing countries: Colombia,Mexico and Peru. We focus on cross-country differences and similarities in ICTs use acrossgender, age, education and income, using...
Persistent link: https://www.econbiz.de/10005466563
We formulate and solve a model of factor saving technological improvement considering three factors of production: labor, capital and energy. The productive activities have three main characteristics: …first, in order to use capital goods fi…rms need energy; second, there are two sources of...
Persistent link: https://www.econbiz.de/10005466564
This paper proposes a simple Ordered Probit model to analyse the monetary policy reactionfunction of the Colombian Central Bank. There is evidence that the reaction function isasymmetric, in the sense that the Bank increases the Bank rate when the gap between observedinflation and the inflation...
Persistent link: https://www.econbiz.de/10005466567
We examine for the first time the association of different measures of ownership and control, and separation ratios with firm’s value and performance for 108 non-financial firms that traded their stock during the period 1998 to 2002. We found that large blockholders exert a positive influence...
Persistent link: https://www.econbiz.de/10005466580
In this paper we overcome a lacks of Black-Scholes model, i.e. the infinite propagation velocity, the infinitely large asset prices etc. The proposed model is based on the telegraph process with jumps. The option price formula is derived.
Persistent link: https://www.econbiz.de/10005466581
In this paper we introduce a financial market model based on continuous time random motions with alternating constant velocities and with jumps occurring when the velocity switches. If jump directions are in the certain correspondence with the velocity directions of the underlying random motion...
Persistent link: https://www.econbiz.de/10005466583
This paper describes the developments of technical education in England, Germany, and France during the nineteenth century, contrasting their similarities and differences. It also analyses the role of the State in the provision of technical education in those countries. The paper suggests that...
Persistent link: https://www.econbiz.de/10005466586
This survey reviews some of the key developments in Colombian agriculture during the 1990s. While economic reform and macro policy appear to largely determine the evolution of the sector throughout most of the decade, the impact of sectoral policy is not that clear. The long-run significance of...
Persistent link: https://www.econbiz.de/10005466587