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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 ...
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 ...
What explains output recoveries in developing and emerging market economies after the global financial crisis?
(CAF, 2017-09-26)
This paper presents a systematic assessment of the macroeconomic factors associated with differences in GDP dynamics in emerging markets in the aftermath of the global financial crisis. We implement a Bayesian Model ...
Public financial support and innovation in Colombian manufacturing firms
(CAF, 2017-05-30)
We evaluate the impact of public financial support, both subsidies and credit, on different types of innovation in Colombian industry. We compare it with the effects of financing innovation with own resources and with ...