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This paper studies the existing relationship between international mobile phone calls and international trade for the case of Spain, showing that it is possible to build an explanatory model with a high level of correlation between both categories of indicators. The paper further evaluates the use of “massive data” in predictive economic models and provides a review of research in this field. It has been demonstrated than when “massive data” is applied to predictive models, they can offer a higher degree of accuracy than when using traditional approaches. The application to the case of Spain shows that it is possible to anticipate international trade flows by using massive mobile phone calls data. This fact opens a wide field for applied research in international trade both for academia and policy makers.
This paper's main goal is to estimate the elasticity of substitution of non-tradable goods, paying special attention to empirical problems related to time-varying parameters, missing regressors and model misspecification. To that end, the paper creates a database and estimates, via three alternative methods, quarterly series of consumption and prices of tradable and non-tradable goods for Uruguay ... (View publication)
This paper uses a CES function to estimate the constant elasticity of substitution in consumption for non-tradables relative to tradables in a dependent economy framework. The methodology for generating data on real consumption of tradable and non-tradable goods, real prices of tradable and non-tradable goods and real absorption is based on the Bolivian Input-Output Matrix, producing quarterly dat ... (View publication)
Export Pioneers in Latin America analyzes a series of case studies of successful new export activities throughout the region to learn how pioneers jump-start a virtuous process leading to economic transformation. The cases of blueberries in Argentina, avocados in Mexico, and aircraft in Brazil illustrate how an initially successful export activity did not stop with the discovery of a single viable ... (View publication)
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