The objective of this paper is to measure the impact of trade on the sectoral labor markets. Using the Colombian National Household Survey and comparable trade-related data, we study how changes in trade policy affect the sectoral demands for labor, as measured by the change in wages and...

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...

Se presenta de manera sencilla la evolución de la economía colombiana y su contraparte social durante la década de los noventa y comienzos del milenio con el propósito de evaluar los logros y el camino a recorrer para alcanzar las metas del milenio. Se caracteriza el periodo de crisis de la...

The objective of this research is to analyze why drug prohibition policy is the observed outcome on the international political arena and its effects on the Colombian conflict. A gravity model based on Akerlof (1997) is implemented to examine the international drug policy equilibrium of a game...

Se identifican los factores que influyen sobre la presencia de actores armados en los municipios y la manera como las finanzas públicas afectan tal presencia. Los ejercicios estadísticos muestran tres tipos de resultados. Unos que tienden a corroborar hipótesis corrientemente aceptadas en el...

This paper develops a theoretical framework that formalizes a guerrilla movement's observed oil pipeline attack decision. The movement's decision is modeled as an infinite horizon Markov Decision Process, where each period it chooses to attack or not attack the pipeline. For extortionary...