En la medida en que el proceso de diversificacion nos permite crear carteras de titulos en las que sea unicamente el movimiento de mercado en su conjunto el unico riesgo a tener en cuenta, entonces la rentabilidad esperada de cualquier cartera debera depender del riesgo de mercado, tambien...

This paper estimates Costa Rica’s Equilibrium Real Exchange Rate (ERER) using quarterly data from 1991 to 2003. Cointegration and Unit Root tests are used to determine if the Purchasing Power Parity (PPP) applies. The results show that PPP does not stand. The ERER is an unobservable variable;...

Industry 4.0 is related in each place and with the use and implementation of new technologies for the continuous improvement of administrative processes. As part of the growth of an organization, it is important that day by day it adapts to technological changes that affect worker operations or...

Today, improving brand loyalty is an important focus for organizations. However, one way to achieve this is to improve consumer satisfaction and brand attachment. Thus, the purpose of this study is to explore the effects of consumer satisfaction and emotional brand attachment on brand loyalty....

This paper tests the existence of financial contagion between US and Latin America stock markets based on the analysis of pattern of the correlation coefficients during crisis and stable periods. The study applies a dynamic conditional correlation multivariate GARCH model to estimate...

El uso de políticas macroprudenciales en los últimos años cobro relevancia en diferentes economías. A consecuencia de la crisis financiera de 2008, este instrumento fue de utilidad en economías emergentes para disminuir los efectos del adverso contexto internacional. La relación entre la...

This book shows the most recent topics in economic consumer theory. Also the book shows a review of econometric test of some topics in estimation of microeconometric models.

he paper analyzes the deforestation problem and its Sustainable Local Development (SLD) impact, during 1998-2005 periods. A stochastic frontier production function is defined for panel data of farm-specific variables. The inefficiency effects are assumed to be independently distributed as...