We analyze the effect of adverse health shocks on households' expenditure shares in different good categories using a fixed-effects approach and a structural approach based on microeconomic theory. We find that, on average, households substitute health and food expenditure in response to adverse...

The Colombian Ministry of Health's decision to increase the health insurance premium (Capitation Payment Unit) by 5.36% for 2025, close to the inflation rate, has sparked controversy. This adjustment disregards factors that contribute to rising healthcare costs, leading to concerns over the...

This paper examines the effects of state capacity on the reported Covid-19 infection (and mortality) rate and its policy implications. We analyse two dimensions of state capacity which were critical during the pandemic. The healthcare capacity acted to contain the virus outbreak (an effect we...

The current account (CA) balance indicates a country's savings-investment position; sustained deficits require foreign capital. To monitor Colombia's external vulnerability risk, we estimate a normative CA level using an unbalanced panel model based on long-run fundamental structural variables....

Over the past few decades, there has been significant development in actions aimed at global energy transition, with the goal of reducing greenhouse gas emissions. The energy sector plays a significant role in this endeavor, contributing 76% of the world's total emissions. Considering...

At the fourteenth session of the Regional Conference on Women in Latin America and the Caribbean, just weeks before the onset of the coronavirus disease (COVID-19) pandemic, the region’s governments undertook to “implement gender-sensitive countercyclical policies, in order to mitigate the...

Purpose - this paper adopts the mean-variance approach in optimizing portfolios within the Colombian capital market, a setting full of complications such as lack of liquidity and market concentration. It delivers actionable messages for emerging market stakeholders and formulates guidance aimed...

We evaluate impacts heterogeneity of an Early Childhood Intervention, with respect to the Educational Attainment Polygenic Score (EA4 PGS) constructed from DNA data based on GWAS weights from a European population. We find that the EA4 PGS is predictive of several measures of child development,...

Purpose This study aims to explore the asymmetric effects of macroeconomic factors on the profitability of large-cap companies in an emerging country like Colombia, using the Morgan Stanley Capital International (MSCI) Colombia index as the basis. Design/methodology/approach We employ a...

This article assesses the systemic economic impacts of oil price fluctuations on the Colombian economy though a calibrated computable general equilibrium (CGE) model for the year 2015. A simulation exercise was conducted, introducing a 1% positive variation in commodity prices to examine the...

Este informe analiza y destaca la oportunidad de Colombia para posicionarse como un actor clave a nivel global en el suministro de combustibles basados en hidrógeno verde para el transporte marítimo y otros sectores. El análisis evaluó la incipiente economía del hidrógeno verde en Colombia...

The rapid advancements in the domain of artificial intelligence (AI) have exerted a considerable influence on the labor market, thereby engendering alterations in the demand for specific skills and the structure of employment. This study aims to evaluate the extent of exposure to AI within the...

The Venezuelan migration crisis has led to large-scale displacement, with over 2.5 million Venezuelans seeking refuge in Colombia. This study assesses the impact of the PEP on labor market outcomes for Venezuelan migrants. Using data from the EPM survey and a difference-in-differences...

In this paper, we analyze the competition in the Colombian banking sector using bank-level monthly balance sheet information. We estimate the changes in measures of market power due to the exogenous introduction of a liquidity regulation. Our results suggest that introducing a net stable funding...

The existence of a high percentage of informal labour has a direct impact on the living conditions of millions of people and their families, especially in rural areas and developing countries. The implications of this problem present a challenge for public policy on employment, social security...

The purpose of this study is to understand employees' attributions of human resource management (HRM) practices and how these attributions confuence with employees' creativity. We propose the concept of human resource attribution (HR attribution) as a construct that can aid in understanding...

We propose a methodology to calculate the mismatch between places of work and places of residence that incorporates monetary and opportunity transportation costs while correcting for possible overestimation of job accessibility. This methodology enables the analysis of spatiotemporal changes in...

This study explored how volunteer management is adapted to the specific context of a nonprofit organization (NPO). Through a participatory autoethnographic approach in Huellas Foundation, a Colombian NPO that supports its mission operation in volunteer action, it examined how management...

We evaluate impacts heterogeneity of an Early Childhood Intervention, with respect to the Educational Attainment Polygenic Score (EA4 PGS) constructed from DNA data based on GWAS weights from a European population. We find that the EA4 PGS is predictive of several measures of child development,...

This paper studies concentration and market power in Chile and Colombia and the role that globalization and automation have had in shaping these two phenomena. Using panels of firm surveys, we compute firm-level markups and industry-level concentration measures. Applying a difference in...

We evaluate impacts heterogeneity of an Early Childhood Intervention in Colombia, with respect to the Educational Attainment Polygenic Score (EA4 PGS) constructed from DNA data based on GWAS weights from a European population. We find that the EA4 PGS is predictive of several measures of child...

A large share of the global workforce lacks access to employer-sponsored retirement plans. In Colombia, where labor informality is high, the government introduced the Beneficios Economicos Periodicos (BEPS) program to promote voluntary retirement savings. However, many enrollees fail to...

The ability of countries in Latin America to achieve net zero greenhouse gas (GHG) emissions by mid-century, the target set by the Paris Agreement, will depend critically on citizen support. To gauge this support, we administered a contingent valuation survey to representative samples in seven...

This paper calculates the exchange rate pass through (ERPT) with time constant and time varying coefficients for Colombia between 2006 and 2023. It then estimates the ERPT during four specific depreciation events during the period of analysis: the 2008 financial crisis, the 2014-2016 fall in...

In Colombia, women represent 65% of the teacher workforce but only 34% of school principals, reflecting a significant gender gap in leadership. This study examines two centralized principal selection processes implemented by Colombias National Civil Service Commission: the 2016 nationwide...