Introduction of inflation targeting has global effects on dynamic of prices and economic growth. In case of a developing country with an increasing remonetization since 2007 – 2008 and modest growing later than 2009 it’s important to assess the adoption of a new regime and how it helps to...

Event studies indicate that divestitures create shareholder value. However, managers are generally disinclined to execute a divestiture due to their inherent preferences for growing the firm’s assets. Governance structures can play a significant role in restraining this agency conflict....

This paper investigates the extent to which slum notification, a tenure formalization policy that officially recognises settlements as slums and ensures the occupancy rights of the residents, has stimulated housing investment by the households in India. In using a nationally representative data...

We analyze the consequences of a teenage pregnancy event in the short and long run in Mexico. Using longitudinal and cross-section data, we match females who became pregnant and those who did not based on a propensity score. In the short run, we find that a teenage pregnancy causes a decrease of...

The inverse probability weighted Generalised Empirical Likelihood (IPW-GEL) estimator is proposed for the estimation of the parameters of a vector of possibly non-linear unconditional moment functions in the presence of conditionally independent sample selection or attrition.The estimator is...

We study the role of the propensity scores in estimating treatment effects for the treated with a multi-valued treatment.  Assume assignment to one of the multiple treatments is random given observed characteristics.  Valid causal comparisons for the subpopulation who has been treated a...

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Estimators of average treatment effects under unconfounded treatment assignment are known to become rather imprecise if there is limited overlap in the covariate distributions between the treatment groups. But such limited overlap can also have a detrimental effect on inference, and lead for...

Para enfrentar el sesgo que genera la ausencia de respuesta en los estimadores de totales de interés, es posible ajustar su forma funcional mediante la técnica de propensity score (PS). En este artículo se realizaron simulaciones de Monte Carlo bajo un esquema de muestreo proporcional al...

The work is devoted to estimates of individual returns to additional professional training (APT) on the example of a metallurgical enterprise of Sverdlovsk region of 2006–2010. We compare results of the OLS, fixed effects and difference-in-differences estimators. APTs that expand possibilities...