This paper is an empirical analysis of the effects of foreign direct investment (FDI), institutional quality and the size of a government on venture capital (VC) activity. We conclude that institutional quality, the FDI and public spending have definitive importance as elements for the...

This study investigates the relationship between foreign direct investment, institutional quality, economic freedom, and entrepreneurship in emerging markets. The research compares the capacity and appetite for business creation among high-income, low-income and emerging countries. The results...

Los mercados de contratos futuros tienen como fortaleza la eliminación del riesgo de contraparte, para esto es importante el nivel de garantías que las cámaras de riesgo exigen a los participantes del mercado -- Estas garantías deben cubrir las variaciones extremas del precio del producto,...

Using a dynamic augmented Solow model, I estimate the effect of students’ schooling attainment, schooling expenditures, and students’ test scores on growth rates over the period 1985-2005. I also estimate the effect of related measures for human capital stocks on national income in a static...

I use a dynamic Solow growth model, augmented with human capital, labor-hours, and oil prices, to show that Japan’s growth in GDP/adult over 1969-2007 can be explained as a process of convergence to a world steady-state rate of 1%/year. I find that each additional year of average schooling...

The gravity equation model is a workhorse tool that has been used many times in international trade. However, one philosophical and empirical question that arises when this theory is applied in this ?eld is what is the relevant measure of distance. This question is easily solved in physics,...

This paper studies the impact of the conditional cash transfer program Solidaridad on changes in the labor market of the Dominican Republic based on statistical data from the Evaluation of the Social Security Survey 2010. The estimation methodology is based on matching techniques, which can...

El presente estudio presenta un análisis, espacialmente desagregado, de la disminución en el consumo residencial de agua en el Área Metropolitana del Valle de Aburrá (AMVA) durante el periodo 2005 – 2010 e identificar las características socioeconómicas asociadas a estos patrones....

This study identifies how community attributes affect household residential location decisions in Medellin, Colombia. The empirical model applies the revealed preference principle: each household is assumed to have made an optimal location decision given a set of alternatives. Using household...

En este artículo se muestra el marco teórico implícito en la restricción presupuestaria intertemporal del gobierno. A partir de este, se realizan una serie de simulaciones sobre el problema de sostenibilidad de la deuda pública, y los sacrificios fiscales necesarios para juzgar el actual...