Apuntes 63

The articles in this issue: Present some of the results of an analysis of the budgetary process for Lima’s health sector to discover the institutional limitations that limit the effectiveness of sectorial spending; Analyze public environmental investment by local and regional governments in Peru to determine the interest of these institutions in promoting environmental sustainability; Identify the main factors that lead to households slipping into and out of extreme and non-extreme poverty in Peru (2003-2006); Investigate how a professional career can influence an individual’s degree of egoism; Demonstrate that the Value at Risk (VaR) measuring tool can be improved by incorporating a liquidity factor, as well as applying liquidity adjusted VaR methodology to a sample of stocks on the Lima stock exchange.