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Crime Protection Investment Spillovers: Theory and Evidence from the City of Buenos Aires
(CAF, 2013)
This paper studies spillover effects among potential crime victims from investment in observable protection technologies. Criminals and potential victims interact in a frictional market for offenses. Externalities within ...
From maize to haze: agricultural shocks and growth of the mexican drug sector
(CAF, 2013)
We examine how commodity price shocks experienced by rural producers affect the drug trade in Mexico. Our analysis exploits exogenous movements in the Mexican maize price stemming from weather conditions in U.S. maize-growing ...
The pharmacological channel revisited: alcohol sales restrictions and crime in Bogotá
(CAF, 2013)
Our goal in this paper is twofold: First, evaluate the impact on crime of the restriction of latenight alcohol sales in Bogotá; and second, quantify the causal effect of problematic alcohol consumption on different crime ...
Job training, selection and self discovery
(CAF, 2013)
We randomly assign 1250 unemployed men and women to be invited once or twice to a specific-skills training program offered by a large multinational firm as part of its social responsibility efforts. Individuals with the ...
Institutions, sectorial dynamics and foreign direct investment in Latin America: a new emerging reality
(CAF, 2013)
Despite uncertainties in the global economy, Latin American countries have attracted a significant amount of Foreign Direct Investment (FDI) in recent years. Investing in Latin America is now a central pillar of many ...
Deterrence and reciprocity effects on tax compliance: experimental evidence from Venezuela
(CAF, 2013)
A recent debate on tax compliance asks whether enforcement mechanisms can be complemented, or even substituted by appeals to the taxpayer’s tax morality: his or her intrinsic willingness to pay taxes, motivated by purely ...
Financial Frictions, Occupational Choice and Economic Inequality
(CAF, 2012-12-10)
We develop a quantitative theory of entrepreneurship, income inequality, and financial frictions disciplined with household data from Brazil. The theory extends Lucas (1978) by modeling heterogeneity in two skills: -working ...
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 ...