Now showing items 21-26 of 26
Public financial support and innovation in Colombian manufacturing firms
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 ...
Capital Controls and Firm Performance: The Effects of the Chilean Encaje
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 ...
Business Cycles in Emerging Markets: the Role of Durable Goods and Financial Frictions
There is a growing literature studying business cycles in emerging economies. This paper contributes to this literature by examining how durable goods and financial frictions shape cyclical fluctuations in a small open ...
Banking Services Supply and Micro Firm Performance: Evidence from Colombia
This paper uses a dataset of a survey of Colombian micro firms from 2003 to 2007 in combination with data from publicly available sources about banking services supply at the municipality level, to assess the impact of the ...
Can a Mining Windfall Improve Welfare? Evidence from Peru with Municipal Level Data
In this paper we investigate whether fiscal performance is affected by the presence of natural resource revenues. We compare policy outcomes from mineral-abundant municipalities and non mineral-abundant municipalities in ...
Credit Constraints for Higher Education
This paper addresses the importance of credit constraints explaining the gap on college enrollment between students coming from rich and poor families. Measuring the effect of credit constraints on college enrollment is ...