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Evaluación de políticas públicas de apoyo a la innovación sobre la productividad de las empresas manufactureras y de servicios en Colombia
(CAF, 2017-12-01)
La presente investigación tiene como objetivo analizar el efecto de los instrumentos de apoyo público a la innovación sobre el desempeño productivo y la inversión en innovación de las empresas manufactureras y de servicios ...
Programas de Financiamiento Productivo a pymes, acceso al crédito y desempeño de las firmas: Evidencia de Argentina
(CAF, 2017-11-30)
En Argentina se han implementado, en los últimos años, un importante abanico de políticas de financiamiento público hacia las micro, pequeñas y medianas empresas. Sin embargo, hasta el momento, no se han realizado trabajos ...
Capital Controls and Firm Performance: The Effects of the Chilean Encaje
(CAF, 2017-11-30)
This paper studies the effects of the capital controls imposed by Chile between 1991 and 1998,
i.e. the Chilean encaje, on firms' production, investment and exporting decisions. We use a
general equilibrium model with ...
Corruption, Custom Reform and Firm Growth: Quasi-Experimental Evidence from Colombia
(CAF, 2017-11-15)
Customs are often prone to corruption because it concentrates a lot of discretionary power in the hand of custom agents who take decisions with high economic stakes for the firms, providing an opportunity for custom agents ...
Poor Little Children: The Socioeconomic Gap in Parental Responses to School Disadvantage
(CAF, 2017-11-08)
In this paper, we study how parents react to a widely-used school policy that puts some children at a learning disadvantage. Specifically, we first document that, in line with findings in other countries, younger children ...
Input-output linkages and sector-specific distortions in the Latin American development problem
(CAF, 2017-11-03)
In this paper, I analyze the Latin American development problem using a model with input-output linkages, sectorial productivity gaps, and sector-specific distortions. I provide a characterization of the sectorial linkages ...
The Effect of the Minimum Wage on Employment in Brazil
(CAF, 2017-10-16)
During the economic boom of the early 2000s, most Latin American countries increased their minimum wages. In Brazil, the real minimum wage increased by upwards of 60 percent from 2003 through 2012. In this paper, we take ...
The Causes and Consequences of the Spatial Organization of Agriculture in Brazil
(CAF, 2017-10-10)
Why are there vast differences in agricultural activity across space? How do these differences shape the aggregate impact of agricultural shocks? To address these questions, I build a quantitative general equilibrium model ...
Financial Frictions, Trade, and Misallocation
(CAF, 2017-10-07)
We investigate the extent to which financial frictions shape the aggregate effects of a trade liberalization through their impact on aggregate total factor productivity (TFP) and capital misallocation. We study a small ...
The Life-cycle Growth of Plants in Colombia: Fundamentals vs. Distortions
(CAF, 2017-10-05)
We take advantage of rich microdata on Colombian manufacturing establishments to decompose growth over an establishment’s life cycle into that attributable to fundamental sources of idiosyncratic growth ̶ physical productivity, ...