Now showing items 1-4 of 4
Education, signaling and the allocation of entrepreneurial skills
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' ...
The Life-cycle Growth of Plants in Colombia: Fundamentals vs. Distortions
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, ...
Financial Frictions, Trade, and Misallocation
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 ...
Trade Integration in Colombia: A Dynamic General Equilibrium Study with New Exporter Dynamics
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 ...