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Distorsions, resource al location and productivity in Latin America
(CAF, 2012)
We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate such model to U.S. data, and use it to evaluate the interplay between ...
Young businesses, entrepreneurship, and the dynamics of employment and ouput in Colombia´s manufacturing industry
(CAF, 2012)
In this paper, we study the characteristics and growth dynamics of young businesses, and the contribution of these businesses to aggregate growth, in a developing economy: Colombia. Our study covers the 17 years between ...
Patrones de desarrollo en América Latina: ¿convergencia o caída en la trampa del ingreso medio?
(CAF, 2012)
América Latina cuenta con el mayor número de países de ingreso medio del mundo, sin embargo, durante la mayor parte del siglo XX las tasas de crecimiento per cápita de los países de la región fueron inferiores a aquellas ...
Impacto de las políticas de fomento al emprendedorismo: el caso de "Buenos Aires emprende"
(CAF, 2012)
Este trabajo evalúa el impacto de una política orientada a promover la creación y desarrollo de emprendimientos innovadores en la ciudad de Buenos Aires. El programa recibe unos 100 proyectos por año, de los cuales selecciona ...
Diferencias en la calidad de la educación e ineficiencia: un análisis basado en el método de frontera estocástica.
(CAF, 2012)
En este trabajo se emplea información acerca del desempeño escolar a nivel de establecimiento educativo para Chile y Perú con el objeto de estudiar la eficiencia en la provisión de servicios educación en la dimensión de ...
Reciprocity and willingness to pay taxes: evidence from a survey experiment in Latin America
(CAF, 2012)
We provide the first experimental attempt at measuring reciprocity in tax collection in developing countries, where enforcement institutions are weak, and where tax rates and in general tax observance is lower. In a household ...
Business Cycles in Emerging Markets: the Role of Durable Goods and Financial Frictions
(CAF, 2012)
There is a growing literature studying business cycles in emerging economies. This paper contributes to this literature by examining how durable goods and financial frictions shape cyclical fluctuations in a small open ...
Can a Mining Windfall Improve Welfare? Evidence from Peru with Municipal Level Data
(CAF, 2012)
In this paper we investigate whether fiscal performance is affected by the presence of natural resource revenues. We compare policy outcomes from mineral-abundant municipalities and non mineral-abundant municipalities in ...
Spillovers of health education at school on parents´ physical activity
(CAF, 2012)
To prevent modern health conditions like obesity, cancer, cardiovascular illness, and diabetes, which have reached epidemic-like proportions in recent decades, many health experts argue that students should receive Health ...
An exploratory study of entrepeneurial ventures in Argentina, their financing and first years' growth
(CAF, 2012)
This is a study of entrepreneurial ventures in Argentina, in particular regarding their finance and growth in their early years. We sample young manufacturing SMEs (i.e., with an average of six years and a maximum of ten ...