The aim of this paper is to study the mechanisms behind poverty persistence in Spain. We examine the importance of past poverty experiences for explaining current poverty as opposed to observed and unobserved individual heterogeneity. Our results are based on the model proposed by Cappellari and...

Mehr als 2,45 Millionen Menschen sind laut den Vereinten Nationen Opfer von Menschenhandel, die Dunkelziffer ist hoch. Viele Staaten haben deshalb ihre Bemühungen verstärkt, gegen Menschenhandel vorzugehen und den Opfern zu helfen. Das DIW Berlin hat nun den 3P-Index, der die staatlichen...

This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no-arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...

In this paper we describe the pattern of creation and destruction of Chilean firms between 1999 and 2006. In addition, we construct transition matrices among different firm sizes based on tax information. It has to be noted that the available data for this study is probably the closest to what...

The purpose of this paper is to employ the Meta-Frontier Cost Function to compare the bank efficiencies in Indonesia, Malaysia, and Thailand during the period of 2002-2009. We propose two new variables: income on loans and non-performing loans, to identify whether the banks are both cost and...

According to the international trade theory, open market oriented industries, sectors or economies are more effective in allocating production factors among economics actors than the relatively closed ones. However; it is wondered whether being open market oriented is good for societies as a...

While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...

The study investigates the mutual funds investment style in the Jordanian context. It uses monthly returns of five mutual funds from July 2000 to December 2009. To do so, it employs the 4-factors model with explanatory variables the market portfolio return, a small minus large capitalization...