This paper analyses the privatization of utilities in Bolivia, detailing the particularities of the capitalization mechanism which was used for this purpose. The analysis suggests that capitalization and regulation, and the liberalization of the utilities sector more generally, succeeded in attracting foreign investment, thus fulfilling one of the central goals of the reforms of this sector. Fo...

a r t i c l e i n f o Recent facts on the importance of corporate losses motivate more careful study of the impact of tax incentives for investment on firms that lose money. I model firm investment decisions in a setting featuring financing constraints and carrybacks and carryforwards of operating losses. I estimate investment responses to tax incentives allowing effects to vary with cash flows...

Since the early 2000s, aid organizations and developing country governments have invested heavily in AIDS treatment. By 2010, more than five million people began receiving antiretroviral therapy (ART)--yet each year, 2.7 million people are becoming newly infected and another two million are dying without ever having received treatment. As the need for treatment grows without commensurate increa...

BACKGROUND Surgical care is increasingly recognised as an important part of global health yet data for the burden of surgical disease are scarce. The Surgeons OverSeas Assessment of Surgical Need (SOSAS) was developed to measure the prevalence of surgical conditions and surgically treatable deaths in low-income and middle-income countries. We administered this survey countrywide in Sierra Leone...

This paper focuses on a nonlinear stochastic model for financial simulation and forecasting based on assumptions of multivariate stochastic correlation, with an application to the European market. We present in particular the key elements of a structured hierarchical econometric model that can be used to forecast financial and commodity markets relying on statistical and simulation methods. The...

This paper reviews the trends and identifies the determinants of income inequality in Korea from 1980 to 2012. Both Kuznets’ hypothesis of inverted U-shaped relationship between income inequality and economic growth and Barro’s hypothesis of U-shaped relationship are not empirically supported. Macroeconomic index such as the government spending as a share of GNI was found to be statistically in...

We introduce a neoclassical growth economy with idiosyncratic production risk and incomplete markets. The general equilibrium is characterized in closed form. Uninsurable production shocks introduce a risk premium on private equity and typically result in a lower steady-state level of capital than under complete markets. In the presence of such risks, the anticipation of low investment and high...

aims: this study aims to review the economic cost of childhood (0-18 years) unintentional injuries (ui) and focuses upon comparing the cost burden between developing and developed countries. methods: articles were selected from pubmed using the search words “economic cost”, “unintentional injuries” and “children”. nine articles were selected. results: studies in china focused upon cost to hospi...