Showing 1 - 5 of 5
This paper examines the connection between risky behaviors and various so-cioeconomic factors, including skills, preferences, aspirations, expectations, and exposure to shocks. Using a representative sample of Chilean youths aged 15 to 19 years old, our analysis identifies self-esteem, risk...
Persistent link: https://www.econbiz.de/10015333386
This paper explores how developmental and regulatory impediments to resource reallocation limit the ability of developing countries to adopt new technologies. An efficient economy innovates quickly; but when the economy is unable to redeploy resources away from inefficient uses, technological...
Persistent link: https://www.econbiz.de/10012551609
This paper links microeconomic rigidities and technological adoption to propose a partial explanation for the observed differences in income per capita across countries. The paper first presents a neoclassical general equilibrium model with heterogeneous production units. It assumes that...
Persistent link: https://www.econbiz.de/10015360755
In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...
Persistent link: https://www.econbiz.de/10015333361
Persistent link: https://www.econbiz.de/10015333196