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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 ...
Tax structure in Latin America: its impact on the real economy and compliance
(CAF, 2011)
In this paper we review the structure of tax systems in Latin America and analyze their impact on the real economy-- economic growth, macro-economic stability, income redistribution and foreign direct investment--, and on ...
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 ...
Housing Subsidies, Labor Supply and Household Welfare. Experimental Evidence from Argentina
(CAF, 2016-10)
We study the impact of a social housing policy program implemented in Argentina, exploiting the random assignment rule to identify the policy's causal effect on labor market and other socio-economic outcomes. In particular, ...
What do non-renewable natural resource rich countries do with their rents?
(CAF, 2011)
This paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption ...
Del dato administrativo de firmas al dato estadístico: desafíos a vencer en América Latina
(CAF, 2018-10-20)
El diseño, la implementación y la evaluación de las políticas públicas para el fomento de la productividad requieren cada vez más información estadística oportuna y de calidad. En los últimos veinte años, y especialmente ...
Economic Shocks and Crime: Evidence from the Crash of Ponzi Schemes
(CAF, 2016-03-14)
In November 2008, Colombian authorities dismantled a network of Ponzi schemes, making hundreds of thousands of investors lose tens of millions of dollars throughout the country. Using original data on the geographical ...
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 ...
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 ...
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 ...