The current paper analyzes the importance and potentials of the tourism sector for economic development. It is divided into four major parts. After a short introduction, section two presents some theoretical insights into the topic of economic development. Commenting on the most relevant...

The current paper analyzes the importance and potentials of the tourism sector for economic development. It is divided into four major parts. After a short introduction, section two presents some theoretical insights into the topic of economic development. Commenting on the most relevant...

The current paper analyzes the importance and potentials of the tourism sector for economic development. It is divided into four major parts. After a short introduction, section two presents some theoretical insights into the topic of economic development. Commenting on the most relevant...

Este trabajo analiza el impacto del boom minero-energético experimentado por la economía colombiana en el período 2004-2012 sobre la tasa de cambio real y la participación de los sectores manufacturero e industrial. Para ello se introduce el concepto de “Enfermedad holandesa extendida”,...

In this study, we estimate the impact of the 2004-2012 energy and mining boom on the real effective exchange rate in Colombia and the sectoral composition of its economy. To this end, we introduce the new “extended Dutch Disease” concept, according to which a currency appreciation may not...

Este documento usa las Encuestas de Calidad de Vida de 1997, 2003, 2008 y 2010 para realizar un diagnóstico de la desigualdad en Colombia. Encuentra que aunque ha habido progreso en el tiempo, en niveles absolutos la desigualdad es aún muy alta y lo es también en comparación con la de otros...

Whether public lending to firms effectively eases credit constraints has been widely studied for very small businesses. The evidence documented for larger firms refers to lending that is significantly subsidized and targeted to these businesses, so the estimated positive effects may reflect poor...

This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in the middle and late 1970s and by Colombia almost a decade later in the late 1980s and early 1990s. These reforms have enabled both countries to maintain vigorous real growth...

This document analyzes the structure of the health care system in Colombia with the aim of establishing the magnitude of the public fiscal deficit generated by such a system. We first explain its complex funding structure (full of “cross-subsidies”) and then we run simulations to establish...

This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993–2008. Parametric pension reforms have focused on increasing the retirement age and moderating replacement rates. The health...