{"title":"The Effect of Private Management of Public Schools on Student Achievement in Bogotá, Colombia","authors":"Ángela Rocío López Sánchez, Andrés Felipe Virgüez Clavijo, Jaime Andrés Sarmiento Espinel, Adriana Carolina Silva Arias","doi":"10.17230/ECOS.2015.41.5","DOIUrl":"https://doi.org/10.17230/ECOS.2015.41.5","url":null,"abstract":"Luego de 15 anos de ofrecer colegios operados por privados como una opcion alternativa de educacion publica en Bogota, Colombia, actualmente se discute sobre la conveniencia de mantener este modelo de gestion. Mediante el emparejamiento por puntaje de propension, se estimo la diferencia en el efecto promedio de los resultados del Saber 11° al terminar en un colegio en concesion en 2013. En promedio, en una muestra de 251 colegios, un estudiante concesionado se ubicaria hasta 57 puestos mejor que su par de un colegio publico tradicional. Asi, se evidencia que este modelo educativo influye positivamente sobre el logro academico, al tiempo que atenua los efectos negativos de contextos socioeconomicos vulnerables.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"108-136"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67418102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-12-01DOI: 10.17230/ECOS.2015.41.4
José Santiago Arroyo Mina, Leonardo Fernández, L. P. Gutiérrez, A. Franco
{"title":"Evidence of Discrimination Against Afrocolombians in the Colombian Labor Market in Major Cities in 2007","authors":"José Santiago Arroyo Mina, Leonardo Fernández, L. P. Gutiérrez, A. Franco","doi":"10.17230/ECOS.2015.41.4","DOIUrl":"https://doi.org/10.17230/ECOS.2015.41.4","url":null,"abstract":"Este trabajo contrasta la hipotesis de que la raza fue un factor determinante en el acceso a empleos de calidad en Colombia, durante el ano 2007. A partir de la Gran Encuesta Integrada de Hogares (2007-I) se estima un modelo logit ordenado generalizado. Como resultado, se evidencio que el ser un trabajador afro aumenta las probabilidades de encontrarse en un empleo de mala calidad en un 1.9 % para Cali, 3.4% para Bogota, 12.61% para Barranquilla, 1.8% para Cartagena, 1,1% en Medellin, y 3.8% para las cinco ciudades en total; situacion que podria deberse a la presencia de discriminacion laboral que afecta a los afrocolombianos.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"1 1","pages":"71-107"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67418282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-12-01DOI: 10.17230/ECOS.2015.41.2
Jorge M. Uribe, N. López
{"title":"Exchange rate dynamics, structural breaks, and central bank interventions in Colombia","authors":"Jorge M. Uribe, N. López","doi":"10.17230/ECOS.2015.41.2","DOIUrl":"https://doi.org/10.17230/ECOS.2015.41.2","url":null,"abstract":"We evaluate the effectiveness of the Colombian Central Bank´s interventions in the foreign exchange market during the period 2000 to 2014. We examine the stochastic process that describes the exchange rate, with a focus on the detection of structural breaks or unit roots in the data to determine whether the Central Bank´s interventions were effective. We find that the exchange rate can be described either by a random walk or by a trend-stationary model with multiple breaks. In neither cases do we find any evidence that the exchange rate was affected by the Central Bank interventions.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"75 1","pages":"24-44"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-12-01DOI: 10.17230/ECOS.2015.41.1
Ona Duarte Venslauskas, John Garcia Rendon
{"title":"An Analysis of Colombian Power Market Price Behavior from an Industrial Organization Perspective","authors":"Ona Duarte Venslauskas, John Garcia Rendon","doi":"10.17230/ECOS.2015.41.1","DOIUrl":"https://doi.org/10.17230/ECOS.2015.41.1","url":null,"abstract":"We analyze the behavior of spot prices in the Colombian wholesale power market, using a series of models derived from industrial organization theory. We first create a Cournot-based model that simulates the strategic behavior of the market-leader power generators, which we use to estimate two industrial organization variables, the Index of Residual Demand and the Herfindahl-Hirschman Index (HHI). We use these variables to create VAR models that estimate spot prices and power market impulse-response relationships. The results from these models show that hydroelectric generators can use their water storage capability strategically to affect off-peak prices primarily, while the thermal generators can manage their capacity strategically to affect on-peak prices. In addition, shocks to the Index of Residual Capacity and to the HHI cause spot price fluctuations, which can be interpreted as the generators´ strategic response to these shocks.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"1-23"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-06-30DOI: 10.17230/ECOS.2015.40.4
Jorge Enrique Agudelo Torres, Gabriel Alberto Agudelo Torres, Luis Ceferino Franco Arbeláez, L. Ceballos
{"title":"Efecto de un estadio deportivo en los precios de arrendamiento de viviendas: una aplicación de regresión ponderada geográficamente (GWR)","authors":"Jorge Enrique Agudelo Torres, Gabriel Alberto Agudelo Torres, Luis Ceferino Franco Arbeláez, L. Ceballos","doi":"10.17230/ECOS.2015.40.4","DOIUrl":"https://doi.org/10.17230/ECOS.2015.40.4","url":null,"abstract":"Researchers have determined that real estate prices vary in continuous ways as a function of spatial characteristics. In this study we examine whether geo- graphically-weighted regression (GWR) provides different estimates of price effects around a sports stadium than more traditional regression techniques. We find that an application of GWR with hedonic prices finds that the stadi- um has a negative external effect on housing rents that extends outward 560 meters, in contrast to the positive external effect on housing rents found using a conventional estimation technique.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"66-80"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-06-30DOI: 10.17230/ECOS.2015.40.5
Juan F. Duque, Jorge Eliécer Montoya Gallo, Felipe Alberto Velásquez Orozco
{"title":"The Struggle for Territorial Control in Colombia: An Analysis of the Dynamics of the Armed Conflict","authors":"Juan F. Duque, Jorge Eliécer Montoya Gallo, Felipe Alberto Velásquez Orozco","doi":"10.17230/ECOS.2015.40.5","DOIUrl":"https://doi.org/10.17230/ECOS.2015.40.5","url":null,"abstract":"This paper reviews the literature on the theory of armed conflict and examines its application to the insurgents´ struggle with the State for political and territorial control in Colombia during 1999-2010. The analysis examines three sub-periods during this period and several geographic regions to analyze the effect of varying levels of participant capability on the dynamics of the conflict, as measured by the intensity of the conflict over time. We conclude that as long as there are asymmetries between the State and the insurgency, armed confrontation is likely to continue.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"81-105"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67418245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-06-30DOI: 10.17230/ECOS.2015.40.3
Andrés A. Acuña, C. F. Pinto
{"title":"Efectos de las decisiones de política del Banco Central sobre los retornos de la Bolsa de Comercio en Chile","authors":"Andrés A. Acuña, C. F. Pinto","doi":"10.17230/ECOS.2015.40.3","DOIUrl":"https://doi.org/10.17230/ECOS.2015.40.3","url":null,"abstract":"This paper analyzes the stock-market response to monetary policy decisions made by the Central Bank of Chile. We use a methodology designed for the study of low frequency events and monthly data from September 2001 to December 2013 to estimate the effect of anticipated and unanticipated changes in the Chilean monetary policy interest rate on stock returns. In contrast to the research findings in the literature for the U.S., we find no evidence that monetary surprises affect Chilean stock returns.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"48-65"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-06-30DOI: 10.17230/ECOS.2015.40.2
Hernán Enríquez Sierra, Jacobo Campo Robledo, Antonio Avendaño Arosemena
{"title":"Relaciones regionales en los precios de vivienda nueva en Colombia","authors":"Hernán Enríquez Sierra, Jacobo Campo Robledo, Antonio Avendaño Arosemena","doi":"10.17230/ECOS.2015.40.2","DOIUrl":"https://doi.org/10.17230/ECOS.2015.40.2","url":null,"abstract":"This study examines the regional relationships in the price of new housing in seven major cities in Colombia during the period 1999 Q2 to 2013 Q3 using time series statistical techniques. We show that while regional prices tend to converge in the long run, there is no evidence that price shocks in the capital (Bogota) diffuse to other cities. We do find evidence that prices in some smaller cities are affected by prices in neighboring cities.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"25-47"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417584","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2015-06-30DOI: 10.17230/ECOS.2015.40.1
Óscar Penagos Gómez, Héctor Rojas Serrano, Jacobo Campo Robledo
{"title":"La Paradoja de Feldstein-Horioka – Evidencia para Colombia durante 1925-2011","authors":"Óscar Penagos Gómez, Héctor Rojas Serrano, Jacobo Campo Robledo","doi":"10.17230/ECOS.2015.40.1","DOIUrl":"https://doi.org/10.17230/ECOS.2015.40.1","url":null,"abstract":"This paper examines the relationship between national investment and saving in Colombia during the period 1925-2011. Consistent with Cardenas and Escobar (1998), an Error Correction Model is used to examine short and long run effects. The results provide evidence that investment and saving are co-integrated during the study period. The results for the co-integration vector, with and without structural breaks, indicate that capital mobility was low, which is consistent with the Feldstein – Horioka [1980] paradox. The results imply that increases in domestic saving rates reduce the mobility of financial capital in Colombia.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"19 1","pages":"4-24"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecos de EconomiaPub Date : 2014-12-15DOI: 10.17230/ECOS.2014.39.1
R. Arancibia
{"title":"El alcohol en el presupuesto familiar: incidencia del poder adquisitivo y de la composición demográfica de los hogares","authors":"R. Arancibia","doi":"10.17230/ECOS.2014.39.1","DOIUrl":"https://doi.org/10.17230/ECOS.2014.39.1","url":null,"abstract":"Among the problems associated with family alcohol consumption is the effect on household resource distribution, with a larger incidence in those households that are socially more vulnerable. This study examines the influence that household socioeconomic and demographic characteristics have on the share of alcoholic beverages in the household budget, using data from Santa Fe, Argentina for the period 2004-2005. Engel parametric curves are estimated using a sample selection model (Tobit type II). The sample is subdivided using the poverty line as the criterion. The results show that the most relevant characteristics differ depending on whether the household is poor or not. In non-poor households, variables such as the age of the household head, the share of women and the number of minors have a statistically significant effect on alcohol’s share of expenditures. In contrast, only characteristics related to purchasing power are relevant in poor households.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"13 1","pages":"5-36"},"PeriodicalIF":0.0,"publicationDate":"2014-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67417597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}