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Occupational Choice and Investments in Human Capital in Informal Economies
(CAF, 2017-12-12)
Countries di er greatly in their levels of schooling and also in their rates of entrepreneurship. At the same time, the share of the so-called \shadow economy" -informal economic activities- is very large in some countries ...
The impact of the minimum wage on the destruction and creation of products
(CAF, 2017-12-06)
We study the impact of changes in the legal minimum wage on the creation and destruction of products at the firm level. This can be a relevant way for increasing firm productivity and for explaining why the raises in the ...
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 ...