En los últimos años se ha hecho evidente que los gobiernos cuentan con un margen de maniobra reducido en la elaboración del presupuesto, pues una proporción importante de los gastos se encuentra predeterminada por normas legales, mandatos constitucionales, compromisos previamente adquiridos...

Resumen Los choques y las experiencias traumáticas pueden afectar el comportamiento de las personas y su habilidad para tomar decisiones económicas. Este artículo analiza cómo los episodios de desplazamiento forzado y la exposición directa a episodios de violencia afectan los niveles de...

Violence has severe material and psychological consequences. In this article we explore if it also induces hopelessness and pessimistic prospects of upward mobility. For this purpose, we bring together novel data from a sample of individuals residing in violence-torn regions in Colombia,...

El desplazamiento forzoso provoca descensos sustanciales en el bienestar debido a la pérdida de activos, la destrucción de redes sociales y las precarias condiciones económicas en el municipio receptor. Evaluar las pérdidas de bienestar de la población desplazada es necesario para...

During the nineties the performance of many emerging economies was linked to their access to foreign capital and its impact on the real exchange rate. Colombia was not an exception, as it experienced a sharp boom and bust cycle during the period. Although a number of studies have attempted to...

Colombia´s oil history began in 1918 and reached its golden era at the end of the 1980s. Regulation in the oil industry changed several times since 1974, mainly responding to the discoveries made. Although agreed contract terms have been honored for oil fields allocated in the past, regulation...

Colombia is an interesting case study within emerging countries. Through 150 years of democratic tradition and seven decades of sound fiscal and monetary policies, the country has displayed institutional strength and economic growth, in spite of strong external shocks, rent- seeking by sectoral...

The study of budgetary institutions has long been an important topic in the economic literature. Nonetheless, the degree of rigidity or inflexibility in budget preparation, a prime preoccupation for policy makers and in particular for finance ministers since a long time ago, has been relatively...

Tradicionalmente la productividad en Colombia se ha estudiado a partir de metodologías econométricas y rankings internacionales basados en encuestas de percepción. A pesar de que este tipo de acercamientos son interesantes y necesarios, finalmente son pocas las recomendaciones que se pueden...

In the nineties, Colombia became the main supplier of cocaine to the world markets. Estimations of total production and net revenues indicate that for 2001 this illegal business might have been responsible for 2% to 4% of the country´s GDP, depending on the number of hectares of coca leaf...