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Copyright of Revista Chilena de Derecho is the property of Revista Chilena de Derecho and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Cuadernos de Historia is the property of Universidad de Chile, Facultad de Filosofia y Humanidades and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Trade data shows that real exchange rate fluctuates more than other variables such as consumption and GDP, and also presents significant deviations from the Law of One Price. In light of these facts, this paper develops and estimates a non-monetary DSGE model under financial autarky for the international trade of goods and services between Chile and the U.S. In this context, the higher volatility of the real exchange rate is explained by the existence of transaction costs and varying degrees of imperfect substitution in consumption between home and foreign goods which endogenously induce a home bias effect. The results reveal that the estimated transaction costs and the asymmetric home bias effect content in the data would be responsible for the low correlation between consumption in both countries and the higher real exchange rate fluctuations. Finally, the model is able to replicate much of the stylized facts observed in the data, but fails to address the Backus-Smith puzzle. [ABSTRACT FROM AUTHOR]

This work shows the reality of unemployment in Chilean people with intellectual disabilities and its aim is to propose a way out of the above mentioned problem, with the objective of that persons have access to a worthy and quality job into the regular labour market, implementing international signed agreements and national approved legislation. Taking this into consideration, this article presents both the international and national reality of unemployment of people with disability and it describes one of the strategies used at present in the United States and the European Union -- Supported employment -- to face with dignity, and in agreement with the most current theoretical framework, the unemployment problem of persons with intellectual disabilities. in this context, this paper defends the idea that Supported employment should be implemented in Chile. [ABSTRACT FROM AUTHOR]

This paper studied the United States import market for Chilean table grapes, with the objective of analyzing the competitiveness of Chile in this market. Using the LA/AIDS model (Linear Approximation Almost Ideal Demand System), the import demand parameters were obtained for Chile, Mexico and the rest of the world (RDM). Quarterly data were used for import quantities, import values, and CIF (Cost, Insurance, and Freight) prices for the period between the first quarter of 1989 and second quarter of 2002. Own price elasticity estimates indicated inelastic demand for all three countries with values of -0.79, -0.86, and -0.82, for Chile, Mexico, and RDM, respectively. Cross price elasticities between Chile and Mexico indicated significant substitution relationships, which was further supported by a partial elasticity of substitution equal to 0.51. Jointly these results showed that although Chile has a strong position in this market, Mexico has also positioned itself as a potential competitor in those quarters where both countries overlap. [ABSTRACT FROM AUTHOR]

In this article, the author discusses about foreign-loan guarantees and intertemporal substitution of investment in Texas and Chile. The investment booms were made possible by government guarantees on foreign loans extended to the economies. Government foreign-loan guarantees potentially are useful instruments for the fiscal management of financial losses suffered by banks and firms. If financial claims against domestic assets increase in riskiness as a result of an external shock, a problem of under-investment in an economy may occur. Although foreign-loan guarantees in the aftermath of an external shock encourage foreigners to lend to financially distressed banks and firms, this paper will explore the possibility that these loan guarantees may also distort an economy's macroeconomic adjustment by permitting a postponement of the liquidation process. Examples of financial collapse in Chile and Texas involved loan guarantees to external lenders of the domestic banking systems. Examples suggest that the stronger is the lender of last resort to a banking system, the greater will be the ability of the system to attract external funds in the aftermath of an external shock.

Copyright of Estudios Gerenciales is the property of Universidad ICESI and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Estudios Sociales is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of UNISCI Discussion Papers is the property of Unidad de Investigaciones Sobre Seguridad y Cooperacion International (UNISCI) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)