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Local economic development. Some cities develop more than others: specialization, human capital and institutions
(CAF, 2009)
Why does a certain metropolitan area grow more than another? The answer to this question has evaded much of the considerable body of scholarship on the topic. One problem may be that some of the frameworks that drive ...
Inter-jurisdictional coordination in the management of natural resources: evidence from water basin committees in Brazil
(CAF, 2009)
Decentralized management of public goods creates the potential for spillovers across jurisdictions. These spillovers may be particularly large in the case of river management where the river has little value to upstream ...
Contracting the Road to Development: Early Impacts of a Rural Roads Program
(CAF, 2009)
We studied here the early impacts of the Peruvian rural roads program (RRP) that is characterized by the contracting of private local firms for the rehabilitation and maintenance of rural roads with local supervision by ...
Local governments' capacity and performance: evidence from peruvian municipalities
(CAF, 2008)
This paper explores the extent of technical capacity constraints in Peruvian local governments. To do that, we study how effective municipalities are in using a significant income windfall due to central government transfers ...
The impact of financial repression on interest rate spreads in Venezuela
(CAF, 2009)
This paper empirically examines the effect of financial repression on interest rates spreads in Venezuela. In order to have a measure of financial repression, we built an index that captures the opportunity cost of regulatory ...
Trade liberalization, economic integration and regional disparities
(CAF, 2009)
What is the impact of trade liberalization and economic integration on the geographical distribution of economic activities? To address this question the present paper proposes a conceptual framework based on recent ...