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The choice of appropriate measures of deprivation, identification and aggregation of poverty has been a challenge for many years. The works of Sen, Atkinson and others have been the cornerstone for most of the literature on poverty measuring. Recent contributions have focused in what we now know as multidimensional poverty measuring. Current aggregation and identification measures for multidimensional poverty make the implicit assumption that dimensions are independent of each other, thus ignoring the natural dependence between them. In this article a variant of the usual method of deprivation measuring is presented. It allows the existence of the forementioned connections by drawing from geometric and networking notions. This new methodology relies on previous identification and aggregation methods, but with small modifications to prevent arbitrary manipulations. It is also proved that this measure still complies with the axiomatic framework of its predecessor. Moreover, the general form of latter can be considered a particular case of this new measure, although this identification is not unique.
The long-lasting socio-economic impact of the global financial crisis has questioned the adequacy of traditional tools in explaining periods of financial distress, as well as the adequacy of the existing policy response. In particular, the effect of
Productivity levels and growth are extremely heterogeneous among firms. A vast literature has developed to explain the origins of productivity shocks, their dispersion, evolution and their relationship to the business cycle. We examine in detail the
We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the problem of risk model homogeneity. The model simulates the balance sheets of insurance firms, who collect premiums from clients in retu
One important dimension of Conditional Cash Transfer Programs apart from conditionality is the provision of continuous frequency of payouts. On the contrary, the Apni Beti Apna Dhan program, implemented in the state of Haryana in India from 1994 to 1
In this paper, we estimate the causal effect of political power on the provision of public education. We use data from a historical nondemocratic society with a weighted voting system where eligible voters received votes in proportion to their taxabl