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...

En la última década se ha reactivado el debate académico sobre los determinantes fundamentales del crecimiento a largo plazo. Por lo menos cuatro tendencias intelectuales han luchado por la supremacía. La primera, apoya la primacía de la innovación y la difusión tecnológica; la segunda,...

This publication contains a collection of papers presented within the framework of the Public Policy Management and Transparency Network: Development Effectiveness and Results-Based Budget Management, of the Regional Policy Dialogue and the PRODEV initiative. The paper topics cover four central...

This publication contains a collection of papers presented within the framework of the Public Policy Management and Transparency Network: Development Effectiveness and Results-Based Budget Management, of the Regional Policy Dialogue and the PRODEV initiative. The paper topics cover four central...

Un proceso efectivo de apertura debe afectar el comportamiento microeconómico de las firmas, una de cuyas características es la forma como fijan los precios de su producto final. Este artículo utiliza un mecanismo de fijación de precios basado en la aplicación de un margen de beneficios...

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...