Now showing 1 - 10 of 22
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Market discipline in the Central American banking system

2017 , Tovar-García, Edgar Demetrio

The hypothesis of market discipline is empirically verified in the Central American banking system. A contrast is carried out on whether the riskier banks (the ones with the worst banking fundamentals) pay higher interest rates and receive smaller amounts in deposits. The generalized method of moments is used for dynamic panel data models (the SYS GMM estimator), as well as a sample of 30 banks from six Central American countries during the 2008–2012 period. Unlike the majority of the previous empirical literature, specifically for developed countries, no evidence of market discipline was found in Central America. The results are robust for several indicators of the banking fundamentals for purposes of internal demand of bank capital, and for other econometric models. These findings indicate weaknesses in the bank policy regarding the disclosure of information. © 2017 Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración

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Tracking the Characteristics of Economic Growth Vulnerability to COVID-19: A Preliminary Analysis

2020 , Carlos Alberto Carrasco , Tovar-García, Edgar Demetrio

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The associations of different types of sports and exercise with health status and diseases: evidence from Russian longitudinal data

2021 , Tovar-García, Edgar Demetrio

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Participation in sports, physical exercise, and wage income: Evidence from Russian longitudinal data

2021 , Tovar-García, Edgar Demetrio

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Religiosity and Entrepreneurship in Post-Soviet Russia

2022 , Tovar-García, Edgar Demetrio

This article empirically studies the associations between religion (Orthodox Christianity, Islam, and non-religion), religiosity (to be a believer or not, and to what extent), religious participation (attending divine services, meetings or other religious events) and the probabilities of being an entrepreneur in post-Soviet Russia. Using logistic regressions and data from the Russian Longitudinal Monitoring Survey, the findings suggest lower likelihoods of being an entrepreneur in the case of Orthodox Christians, religiosity shows mixed results, and religious participation presents positive links (increasing the probabilities of becoming an entrepreneur). Nevertheless, the negative association between Orthodoxy and entrepreneurship lacks statistical significance in several specifications. Indeed, only religious participation shows robust results, particularly for men. Note that religious participation is linked to social capital, namely, networking, facilitating resources for entrepreneurship. Therefore, in Russia, the religion-entrepreneurship nexus is associated with participation, and not precisely with religious affiliations or beliefs.

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A note on institutional trust and poverty: evidence from Latin America

2023 , Tovar-García, Edgar Demetrio

This short paper argues that institutional trust should be considered as an additional factor influencing poverty at the macroeconomic level. By examining a sample of Latin American countries and analyzing annual data from 1995 to 2019 using panel data techniques such as cointegration analysis and panel fully modified least squares, this study estimates the long-term relationships between poverty, economic growth, inequality, and institutional trust. As hypothesized, the empirical evidence suggests that institutional trust also reduces poverty. These findings hold particular significance for Latin America, where inequality levels are relatively high, institutional trust is low, and poverty rates have only recently begun to decline. Therefore, to alleviate poverty, it is crucial to implement public policies that restore and enhance institutional trust.

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Determinantes del balance comercial bilateral de México: ingreso, tipo de cambio y composición de las exportaciones

2020 , Carlos Alberto Carrasco , Tovar-García, Edgar Demetrio

En este artículo se utilizan modelos dinámicos con datos de panel para estudiar los determinantes del balance comercial bilateral de México con 39 socios comerciales en el periodo 1990-2016. La literatura señala al ingreso y al tipo de cambio real como las variables independientes clave. Asimismo, se incluye la composición de las exportaciones como variable explicativa (algo ignorado previamente). Los resultados difieren de otras investigaciones: no se encuentra evidencia robusta sobre el efecto del ingreso, hay evidencia de la importancia del tipo de cambio real y se encuentra un nexo positivo, aunque débil, con las exportaciones consistentes de bienes de alta tecnología, lo cual explica parcialmente el persistente déficit comercial de México.

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The Association between Sport Activities and Educational Achievements: Evidence from Russian Longitudinal Data

2018 , Tovar-García, Edgar Demetrio

This paper empirically studies the association between sport activities and educational achievements of school students from 1st to 11th grade. The used sample included observations over the period 2010-2015 taken from the Russia Longitudinal Monitoring Survey (waves 19-24), which is a unique nationally representative survey. The method consisted of logit regressions with panel data, which allows control for time-invariant explanatory variables. The empirical analysis was divided into sport activities at school (in class) and out-of-school (before or after classes). Furthermore, the regression analysis examined the effect of three large groups of sport activities: 1) Combat sports, such as karate, judo, self-defense, wrestling, and boxing, 2) Ball sports, such as tennis, soccer, basketball, and volleyball, 3) Athletic sports, such as track and field, skiing, and skating. General speaking, the findings indicated that sport activities at school do not have significant associations with educational achievements. On the other hand, sport activities out-of-school showed some positive relationships. Specifically, participation in athletic and combat sports increases the probabilities of boys and girls, respectively, of being classified as high-performing students. Moreover, male students practicing ball sports out-of-school are less likely to be classified as low-performing students. The time that students spent on these sports does not influence these probabilities. However, male students spending more than 10 hours per week on sports (high-performance sportsmen) are more likely than other students of being linked to the group of low-performing students.

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Trade and growth in developing countries: the role of export composition, import composition and export diversification

2020 , Carlos A. Carrasco , Tovar-García, Edgar Demetrio

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DOES THE SHARE OF CRUDE PETROLEUM AND NATURAL GAS IN EXPORTS INCREASE TOTAL EXPORTS? THE RUSSIAN CASE

2018 , Tovar-García, Edgar Demetrio