4 articles in this issue
Yaiza García, Juan Garcia
We analyse diverse multifactor pricing models in order to determine if they allow to explain the variability of the returns on the personal Pension Plans in Spain between 1995 and 2003, as well as to find their sources of risks. We test the following mode... see more
Claudio Montenegro, Isidro Soloaga
This paper estimates econometrically the impact of NAFTA on US-Mexico and US-third countries (groups of countries) trade flows. Using a traditional gravity- equation framework, we try to see to what extent the bilateral trade flows between the US and diff... see more
Jose Mendez
The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional “tariff jumping” argument is not alwa... see more
Mark Holmes
This paper tests for long-run output convergence between a sample of eight Latin American countries and over the study period 1900-2003. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of log real per c... see more