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Copyright of EconoQuantum is the property of Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas 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.)

It has been shown that the variability of the marginal capital product ratio is what determines the growth rate of economies according to Harrod's model; therefore, it is important to predict its behavior. This paper develops a methodology based on probabilistic random walk to predict the annual marginal capital product ratio of Colombia for the year 2017 based on information from the Penn World Table database from 1993 to 2016. It was found that this variable has underlying mathematical orders, which allows its prediction with an accuracy of 97.69%. [ABSTRACT FROM AUTHOR]

Copyright of Revista Colombiana de Ciencia Animal - RECIA is the property of Revista Colombiana de Ciencia Animal - RECIA 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 Gaceta de la Real Sociedad Matematica Espanola is the property of Real Sociedad Matematica Espanola 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 Administración is the property of Universidad del Valle 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 Acta Universitaria is the property of Universidad de Guanajuato/Acta Universitaria 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.)

This study analyzes the performance of stocks listed on Bovespa-the São Paulo Stock Exchange-between 03/17/1998 and 08/03/2004. First, stationarity was tested in order to check whether these stocks followed the random walk model. The results showed that all returns were stationary. In relation to prices, 90% of all stock prices revealed a unit root, that is, they followed the random walk model at level. The other 10% were rarely traded. These findings suggest that the Brazilian stock market is efficient in its weak form. Then, the efficiency of the Brazilian market in its semi-strong form was also tested in terms of the firm's size, by estimating a conditional CAPM. The traditional proxy used to measure a firm's size is the market value. However, other size proxies like book value and profit were also used. The results revealed that, independently of the proxy used, no size portfolio was capable of obtaining systematically abnormal returns. Finally, a significant correlation was found between beta and size only when book value is used as a size proxy. Nevertheless, its coefficients were low and their signals were inconsistent. In general terms, these results suggest that the Brazilian market is also efficient in its semi-strong form. [ABSTRACT FROM AUTHOR]

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.)