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Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
(Centro de Investigación y Docencia Económicas, 2017-02-09)
Using SIPRI’s new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus ...
Interest rate pass-through in the Dominican Republic
(Centro de Investigación y Docencia Económicas, 2017-04-05)
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary ...
Changes in rural poverty in Perú 2004–2012
(Centro de Investigación y Docencia Económicas, 2017-01-30)
This paper disaggregates the various sources of rural income growth in Peru between 2004 and 2012 and shows that about 80% of the increase came from rising earnings and only 15% from transfer programs. This increase in ...
Closing the achievement gap in mathematics: evidence from a remedial program in Mexico City
(Centro de Investigación y Docencia Económicas, 2014-11-11)
This paper evaluates the impact of an intervention targeted at marginalized low-performance students in public secondary schools in Mexico City. The program consisted in offering free additional math courses, taught by ...
Efficiency in public higher education on Argentina 2004–2013: institutional decisions and university‑specific effects
(Centro de Investigación y Docencia Económicas, 2018-12-17)
This paper analyses the efficiency of Argentinean public universities and its determinants over a 10-year period (2004–2013). We quantify the effect on the efficiency scores of a set of institutional variables, i.e. policy ...
US–Mexico border tourism and day trips: an aberration in globalization?
(Centro de Investigación y Docencia Económicas, 2015-11-26)
We examine the influence of two distinct regime changes in US border security on the number of persons traveling from the US into Mexico on day trips. In contrast to increases in overall US tourism to Mexico and rapidly ...
Production risk and adoption of irrigation technology: evidence from small-scale farmers in Chile
(Centro de Investigación y Docencia Económicas, 2016-07-21)
In most developing countries non-irrigation status often dominates adoption of traditional and modern irrigation technology. In this paper, we study the effect of production risk on irrigation technology choice among ...
Machinery production networks in Latin America: a quantity and quality analysis
(Centro de Investigación y Docencia Económicas, 2017-11-13)
This paper investigates the effects that the increase in the importation of machinery parts and components and the changes in the supplier composition had in the trade of final products and parts and components inside Latin ...
Great expectations? evidence from Colombia’s exchange rate survey
(Centro de Investigación y Docencia Económicas, 2016-07-21)
In this paper, we use the largest exchange rate survey in Colombia to test for the rational expectations hypothesis, the presence of a time-varying risk premium and the accuracy of exchange rate forecasts. Our findings ...
The rise and fall of Argentina
(Centro de Investigación y Docencia Económicas, 2019-11-15)
I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina’s unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy ...