Desde el seminal artículo de Solow (1957), la productividad ha sido un tema recurrente en la literatura económica. La forma elegante como dicho artículo torna aprehensible un concepto de otra manera difuso, ha alentado numerosas investigaciones y ha propiciado esfuerzos conducentes a hacer...

This study analyses the effects of innovation on employment in Colombian firms for the man- ufacturing and service sectors in two different periods: 2007-2010 for the manufacturing industry, and 2010-2011 for the service industry. Based on the theoretical framework proposed by Harri- son et...

Abstract: Homer clearly expressed the economic problem of choosing the best option among several alternatives given a certain set of restrictions. In the Odyssey he specifically wrote about the minimum cost choice. This kind of problem, as is well known, is at the heart of the neoclassical...

This study analyzes the economic returns to schooling decisions made by high school graduates in Colombia. We wanted to verify if the economic returns (wages) obtained by newly postsecondary education graduates compensate the economic and psychological investment they made in order to get that...

This paper identifies matches on the male and female professional tennis tours in which one player faces a high payoff from being “on the bubble” of direct entry into one of the lucrative Grand Slam tournaments, while their opposition does not. Analyzing over 378,000 matches provides strong...

Resumen: The theme of this essay is one of the most important addressed by economists, at least since Adam Smith, and one that will always attract attention. And in our case, that of economists who have witnessed a country and a time whose rates of increase in GDP per capita have gone in about...

Antipoverty programmes have been successful in helping millions of people afford better livelihoods. While this is well known, little research has yet been conducted that examines the power of such programmes to influence outcomes in times of conflict, especially in countries where antipoverty...

We estimate the direct and external effects of levels of schooling on personal income in Ecuador in 2011, using data for 69,653 individuals in 567 municipalities. Using a Mincerian model that includes municipal levels of schooling and the size of the municipality and controls for endogeneity, we...

Escritos para mi maestro y amigo, Carlos Esteban Posada Posada, economista de pura sangre. Títulos: Entre la persuasión y la prueba, El conflicto entre dos ciencias, La lucha por la moneda y El economista como legislador.

This study considers the effect that judicial and police efficiency exercised on crime in 25 of the 33 political-administrative divisions in Colombia during the period 2000- 2011. Specifically, the study seeks to determine whether the reduction of crime was the result of increases in the cost of...