This paper aims at quantifying the relative importance of different transmission channels generating the high levels of intergenerational correlations in education, especially in Latin America. A simultaneous equations model is applied to rich survey data from Mexico. The results show that the...

Most researchers focus on the political economy (interest group pressures) approach to analyzing why customs unions are formed, but terms-of-trade effects were also important in formation of the Common Market of the Southern Cone (Mercosur). Terms-of-trade externalities among Mercosur's members...

August 1999 - The results of a modified gravity model suggest that the new wave of regionalism has not boosted intra-bloc trading significantly. Trade liberalization in Latin America did have a positive impact on the imports of bloc members, although MERCOSUR's exports did poorly over the...

In this study I try to answer the question whether private schools do better in the human capital accumulation process than public schools in Mexico. The analysis is based on panel data including out-of-school cognitive skill tests, which allows dealing with some potential endogeneity problems...

Measuring capabilities is a major challenge for the operationalization of the capability approach. Structural equation models (SEM) are being increasingly used as one possible methodology for estimating capabilities, but a certain skepticism remains about their appropriateness. In this paper, we...