We enhance a standard RBC model to account for military expenditure and the costs of an internal conflict or war. The model captures the natural trade-off in military expenditure: crowding out of private consumption and investment but less destruction (and, therefore, higher marginal...

Some Colombian commercial banks have used the strategy of offering promotional prizes in order to attract new savings customers. In this paper we develop a two-stage game model that allows us to understand the efects of this romotional strategy on the deposit interest rates, the deposit market...

In this paper I address two questions. First, is the fall in the cyclical volatility of U.S. commercial banking productivity a potential candidate to account for the mid-80's fall in U.S. business cycle volatility? Second, does the answer to the previous question change under the presence of...

Esta memoria propone un modelo empírico, que busca probar la posible existencia de discriminación racial en el mercado laboral de la ciudad de Cali, basado en la Encuesta de acceso y percepción de los servicios ofrecidos por el municipio de antiago de Cali"" realizada por la Alcaldía de esta...

Durante los noventa, el sector ambiental sufrió importantes cambios institucionales y un incremento sin precedentes en la inversión ambiental. La crisis fiscal de finales de los noventa revirtió esta tendencia y provocó un descenso de la inversión ambiental en los últimos cuatro años....

Utilizando la encuesta de hogares trimestral para las siete principales ciudades de Colombia en el período 1984-2000, se examinó el impacto de choques globales y sectoriales de la actividad económica sobre el desempleo, la ocupación, la participación, los ingresos laborales, horas...

Although most of the literature on economic growth has focused on studying the impact of economic growth on health status of the population, research in the last decades has given greater importance to the analysis of the impact of nutrition and health on human capital accumulation, economic...

Divorce negatively impacts children´s welfare as a consequence of the reduction in monetary and time contributions of the non-custodial parent. In our framework parents constitute a bilateral exchange economy where the mother is endowed with control over visitations and the father has control...

El presente documento analiza la duración del desempleo y del empleo en Colombia, para encontrar como se incrementan las probabilidades de salida del desempleo y del empleo de diferentes grupos, basándose en la información para las diez principales ciudades de la Encuesta de hogares. Los...

The focus of this research is to learn about the factors that influence the decision of a manufacturing firm to vertically integrate into the production of its input. The American paper industry has a feature that makes it particularly suitable for this purpose: over the years paper mills of...