8 articles in this issue
Mark Holmes
This study tests for non-linearities in the behavior of US dollar real exchange rates of thirteen Latin American countries. For this purpose, logistic and exponential smooth transition regression models are applied to quarterly data over the sample period... see more
Ricardo Aláez, Ana Fernández, Begoña García
This paper analyses the Spanish manufacturing exports to the European Union.A panel data approach is used to test the hypothesis that there are differencesamong manufacturing branches exports in relation to their elasticity to shortterm variations in the ... see more
Rómulo Chumacero, Francisco Gallego
This paper compares the results of applying several detrending methods to the Chilean monthly economic activity index (IMACEC) using real-time data sets. We show that data revisions are extremely important and that they can lead to systematically inconsis... see more
José Méndez-Naya
By using a reciprocal dumping model, this paper justifies the existing preferentialtrade agreements as being a reaction to a third country export subsidy. On theother hand, assuming that one of the member countries may set its productionsubsidies optimall... see more
Pablo Marshall, Eduardo Walker
This article studies the serial dependence and the speed of adjustment to newinformation of weekly portfolios returns of stocks traded in the Santiago deChile stock exchange. Portfolios grouped by size and traded volume during theperiod 1991-2000 are cons... see more
Jesús López
The purpose of this paper is to carry out a review of the academic literature oninformation exchange agreements about demand in oligopolistic models andthe derivation of some political consequences with respect to the effectivenessand limits of these agre... see more
Alexander Galetovic
This paper studies the determinant of the appropriate rate to fix transmissiontolls. I develop a simple model that allows to decompose it in the sum of therisk-free rate and a risk premium. There are two general principles with vhichthe rate should confor... see more
George Djolov
This article introduces (and hopes to encourage thereby) the econometrics practitioner to (use) a homoscedasticity test referred to in the field of statistics as the modified Levene test. Econometrics orthodoxy (from University to practice level) has focu... see more