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Left, Right, Left : Income, Learning and Political Dynamics

Morrow, John - 2013

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...

Persistent link: https://www.econbiz.de/10013074913

Sovereign Default, Debt Restructuring, and Recovery Rates : Was the Argentinean “Haircut” Excessive?

Edwards, Sebastian - 2015

Argentina, Chile, Uruguay and Greece. The results suggest that the haircut imposed by Argentina in its 2005 restructuring (75 …

Persistent link: https://www.econbiz.de/10013027684

Growth, Macroeconomics, and Development

Fischer, Stanley - 2021

from large multi?country case studies, and from case-studies of Chile and Cote d'Ivoire presented in the paper, shows that …

Persistent link: https://www.econbiz.de/10013247273

Pervasive Shortages Under Socialism

Shleifer, Andrei; Vishny, Robert W. - 2021

We present a new theory of pervasive shortages under socialism, based on the assumption that the planners are self-interested. Because the planners -- meaning bureaucrats in the ministries and managers of firms -- cannot keep the official profits that firms earn, it is in their interest to...

Persistent link: https://www.econbiz.de/10013228630

State Versus Private Ownership

Shleifer, Andrei - 2021

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...

Persistent link: https://www.econbiz.de/10013239155

Why Doesn't Capitalism Flow to Poor Countries?

Di Tella, Rafael - 2014

We find anecdotal evidence suggesting that governments in poor countries have a more left wing rhetoric than those in OECD countries. Thus, it appears that capitalist rhetoric doesn't flow to poor countries. A possible explanation is that corruption, which is more widespread in poor countries,...

Persistent link: https://www.econbiz.de/10012751901

Class Size and Sorting in Market Equilibrium : Theory and Evidence

Urquiola, Miguel S. - 2010

This paper examines how schools choose class size and how households sort in response to those choices. Focusing on the highly liberalized Chilean education market, we develop a model in which schools are heterogeneous in an underlying productivity parameter, class size is a component of school...

Persistent link: https://www.econbiz.de/10012759915

One Cost of the Chilean Capital Controls : Increased Financial Constraints for Smalles Traded Firms

Forbes, Kristin J. - 2010

Chile from 1991-98. Previous empirical assessments of the encaje conclude that it may have generated some small economic … of small and medium-sized companies in Chile, however, claim that the encaje made it substantially more difficult to …-equation framework. Results indicate that during the encaje, smaller traded firms in Chile experienced significant financial constraints …

Persistent link: https://www.econbiz.de/10012762812

Retirement Policy and Annuity Market Equilibria : Evidence from Chile

Illanes, Gaston - 2019

. We study how retirement policy in Chile, which limits the drawdown of retirement assets but otherwise does not provide or …

Persistent link: https://www.econbiz.de/10012862834

When and How to Use Public-Private Partnerships in Infrastructure : Lessons from the International Experience

Engel, Eduardo - 2020

Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments find them attractive because PPPs can be used to avoid fiscal check-and-balances and increase spending. At the same time, PPPs can lead to important...

Persistent link: https://www.econbiz.de/10012841411

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