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A new identification method of economic large shocks in the input–output framework: application to the COVID-19
The COVID-19 pandemic has had a significant and unprecedented impact on the global economy, affecting both supply and demand in various industries....
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Differential Calculus
If the function f = f (x) is differentiable in the entire domain, the derivative function exists (1st derivative of f ).
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Mortality by cause of death in Colombia: a local analysis using spatial econometrics
Colombia is undergoing major changes in mortality patterns. National- and department-level cause-specific analyses have previously been carried out,...
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A critical look at the Aumann-Serrano and Foster-Hart measures of riskiness
Hart (J Polit Econ, 119(4):617–638, 2011) argues that the Aumann and Serrano (J Polit Econ, 116(5): 810–836, 2008) and Foster and Hart (J Polit Econ,...
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Wage subsidies targeted to jobseekers with disabilities: subsequent employment and disability retirement
In many countries, a non-negligible percentage of the working-age population has impairments that also entail reduced work capacity, and disability...
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Bipolarization and the Middle Class in Russia
This chapter analyzes the determinants of the changes in income bipolarization in Russia between 1992 and 2008. The first section is a survey of the...
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Statistical Evidence on Effects of Hospital Governance Reforms
The objective of this chapter is to empirically verify the implications of changing hospital governance. For this purpose, the model of hospital...
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Stochastic Optimal Growth with Nonconvexities
The stochastic optimal growth model (Brock and Mirman 1972) is a foundation stone of modern macroeconomic and econometric research. To accommodate...
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Are men and women-economists evenly distributed across research fields? Some new empirical evidence
This paper analyzes the gender distribution of research fields in economics based on a new dataset of almost 1,900 researchers affiliated to top-50...
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Structural Change, Economic Growth and Environmental Dynamics with Heterogeneous Agents
In many develo** countries the asset distribution is highly concentrated and the economic agents differ not only by income, but also by their...
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Arbitrage Theory under Transaction Costs
We describe here a financial framework leading to a “standard” discrete-time model with proportional transaction costs with complete information.
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Clustering Financial Data for Mutual Fund Management
In this paper, an analysis of the performances of an active and quantitative fund management strategy is presented. The strategy consists of working...
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Finance, inequality and the poor
Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of...
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Options can induce risk taking for arbitrary preferences
It is widely believed that call options induce risk-taking behavior. However, Ross (2004) challenges this intuition by demonstrating the...
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Social welfare rankings of income distributions A new parametric concept of intermediate inequality
This paper installs a new concept of intermediate inequality, which we refer to as η- inequality equivalence , in the notable form of equivalence of...
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On Decomposing Net Final Values: Eva, Sva and Shadow Project
A decomposition model of Net Final Values (NFV), named Systemic Value Added (SVA), is proposed for decision-making purposes, based on a systemic ...