• Education, signaling and the allocation of entrepreneurial skills 

      Arozamena, Leandro; Ruffo, Hernán (CAF; Buenos Aires, 2017-10-02)
      We assess the allocative importance of education when workers can choose to self-employ. To do so, we build a model combining educational choices with the labor market and selfemployment. Education can increase workers' ...
    • Estructura de financiamiento y restricciones financieras de las empresas en Colombia 

      Arbeláez, María Angélica; Perry, Guillermo; Becerra, Alejandro (CAF; Caracas, 2010)
      En este estudio evaluamos las restricciones financieras que enfrentan las empresas en Colombia e identificamos los determinantes de su estructura de financiamiento. Utilizando datos a nivel de firma, analizamos la evolución ...
    • 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 ...
    • Management practices, firm ownership, and productivity in Latin America 

      Lemos, Renata; Scur, Daniela (CAF; Caracas, 2012)
      We analyze management and performance data for over 8,000 manufacturing firms across the Americas, Asia and Europe. We find that Latin American firms have poor management practices by international standards, with limited ...
    • The Life-cycle Growth of Plants in Colombia: Fundamentals vs. Distortions 

      Eslava, Marcela; Haltiwangerz, John (CAF; Buenos Aires, 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, ...
    • Trade Integration in Colombia: A Dynamic General Equilibrium Study with New Exporter Dynamics 

      Alessandria, George; Avila, Oscar (CAF; Buenos Aires, 2017-08-01)
      We study Colombia’s trade integration over a 30 year period through the lens of GE model in which non-exporters have access to a risky exporting technology and exporters must invest in accumulating a better exporting ...