8 articles in this issue
Manuel Gómez, Luis Currais
This paper presents a fertility choice model in which the mortality rate is also endogenously determined and health expenditure provides utility to individuals as well as affects the mortality rate. The analysis shows that the model predictions agree with... see more
Juan Carlos Barcena-Ruiz, María Luz Campo
This paper analyzes the timing of wage bargaining in an unionized market whenworkers can be organized in firm level unions or in an industry-level union. Inequilibrium, the result obtained depends on who decide the timing of thenegotiations: the workers o... see more
Andrés Gómez-Lobo
The effort to correct the national accounts in order calculate NNP or related ‘Green GDP’ concepts, known as natural resources accounting, has been a lively research area in the last decade. Two basic methodologies have been proposed in the literature to ... see more
Cristian Johnson
This article describes the Value at Risk concept, popularized during the last tenor fifteen years, presenting applications on stocks, bonds, interest and exchangerate forward contracts, and swaps. We applied asymmetric GARCH methodologiesover Chilean stoc... see more
José Méndez, Luciano Méndez
Using a three-country reciprocal dumping model, this paper analyses the effectsof tariff unions on welfare taking the possibility of production subsidies intoaccount. Production subsidies are found to prevent the deviation of trade. Resultsare also obtain... see more
Raul O'Ryan, Rodrigo Bravo
Beginning in 1990 a compensation system for PM-10 emissions from pointsources was implemented in Santiago, equivalent to a suboptimal emission permitsystem (EPS). The objective of the system was to reduce compliance costs andto prevent emissions from new ... see more
David Holland, Eugenio Figueroa, John Gilbert
Chilean agricultural and food processing industries have experienced considerable investment in recent years and are an important part of the export base in Chile. In this paper we use an Input-Output (IO) analysis to review the relative importance of agr... see more
Francisco Gallego, Raimundo Soto
This paper presents a methodology to build series of purchases, consumption,and stocks of durable goods for the Chilean economy in the 1981-1999 period.The estimated series –both nominal and real– are presented in quarterly andannual frequencies. In addit... see more