Now showing items 1-5 of 5

    • Financial Frictions, Trade, and Misallocation 

      Kohn, David; Leibovici, Fernando; Szkup, Michal (CAF; Buenos Aires, 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 ...
    • Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications 

      Allub, Lian; Gomes, Pedro; Kuehn, Zoë (CAF; Caracas, 2019-12-04)
      Capital-skill complementarity in production implies non-trivial interactions between availability of human capital and financial constraints. Firms that are constrained in their access to finance hire a lower proportion ...
    • Impact evaluation of innovation policy in Brazil 

      Rocha, C. (Caracas, 2018-10-22)
      This paper aims to assess the innovation policy in Brazil after the edition of the innovation law, in 2004, and the fiscal subsidies to innovation law, in 2005. We use data from the Brazilian Innovation Survey and from the ...
    • Optimal age-dependent taxation in emerging markets: A quantitative assessment 

      Uribe-Terán, Carlos; Gachet, Iván; Grijalva, Diego F. (CAF; Caracas, 2019-12-29)
      This paper studies the design and welfare implications of an optimal age-dependent taxation scheme for an emerging economy. The setting is an overlapping generations economy with uninsured productivity risk, partially ...
    • Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion 

      Frisancho, Veronica; Valdivia, Martin (CAF; Caracas, 2021-01-08)
      This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and ...