Universidad de los Andes Department of Economics Research Paper Series最新文献_第8页

Variable Factor Shares and the Index Number Problem: A Generalization 变因子份额与指数问题:一个推广

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2016-08-18 DOI: 10.2139/ssrn.2844321

Brad Sturgill, Hernando Zuleta

引用次数: 4

On the Possibility of Justice in Commercial Society According to Jean-Jacques Rousseau and Adam Smith 论商业社会中正义的可能性——卢梭和亚当·斯密的观点

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2016-06-15 DOI: 10.2139/ssrn.2799789

Jimena Hurtado

引用次数: 0

Financial Interdependence and Contagion: The Transmission of Financial Stress from the United States to Latin America 金融相互依赖与传染:金融压力从美国到拉丁美洲的传导

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2016-01-06 DOI: 10.2139/ssrn.2732664

L. Restrepo

{"title":"Financial Interdependence and Contagion: The Transmission of Financial Stress from the United States to Latin America","authors":"L. Restrepo","doi":"10.2139/ssrn.2732664","DOIUrl":"https://doi.org/10.2139/ssrn.2732664","url":null,"abstract":"In this paper I analyze how has the financial interdependence and contagion among LAC-6 countries and the United States changed in the last 15 years, and the transmission channels of these cross-market linkages. To do so, I use a two-stage approach in which I first estimate financial interdependence and contagion as transmission coefficients of financial stress indexes in a rolling window auto-regressive model, and then assess the channels that explain these linkages. Results show that, in average, around 34% of the financial stress in the United States has been transmitted to LAC-6 countries over the last 15 years. However, this financial interdependence is much larger with Chile, Colombia, Mexico, and Peru (ranges around 45%) and a significant increase in the transmission of stress is observed during the 2008 crisis. Both trade and financial linkages have a significant impact in the transmission of financial stress. Nonetheless, the effect of trade linkages is always larger than the one of the financial linkages, pointing to this mechanism as the main channel of financial interdependence and contagion between LAC-6 countries and the United States during the last 15 years.","PeriodicalId":446687,"journal":{"name":"Universidad de los Andes Department of Economics Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130976057","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}

引用次数: 0

Honesty after a Labor Relationship 劳动关系后的诚实

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2015-10-20 DOI: 10.2139/SSRN.2695086

Mariana Blanco, Juan-Camilo Cardenas

{"title":"Honesty after a Labor Relationship","authors":"Mariana Blanco, Juan-Camilo Cardenas","doi":"10.2139/SSRN.2695086","DOIUrl":"https://doi.org/10.2139/SSRN.2695086","url":null,"abstract":"At the end of a controlled experiment where research assistants were hired for coding news from online newspapers, the experimenter-employer asked a number of them to roll a die and report the result in order to be paid in cash an amount linear on the reported number from 1 to 6 that could go from 1.6 to 9.4 USD. Another (control) group of similar students, recruited in a similar manner, were also invited to perform the same die-roll task, but they had no prior labor relationship with the experimenter-employer. Our treatment group showed in average higher levels of honesty as their distribution of reported numbers was less skewed to the right, that is, the long-term labor relationship group was more likely to report numbers that are closer to the uniform (honest) distribution than our control, and than other reported numbers in this kind of experiments. We conjecture that the previous experimenter-subject relationship of the treatment group induced higher levels of honesty among the participants. One of the possible reasons is that the labor relationship created for the group of ”treatment” students included a series of shocks that involved the possibility of involuntary unemployment, bringing incentives for the students to signal honesty as a trait that could be valued in the labor market. This paper contributes to the growing literature on understanding the motives for honesty and cheating.","PeriodicalId":446687,"journal":{"name":"Universidad de los Andes Department of Economics Research Paper Series","volume":"177 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133309658","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}

引用次数: 3

Context-Dependent Cheating: Experimental Evidence from 16 Countries 情境依赖性作弊:来自16个国家的实验证据

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2015-03-04 DOI: 10.2139/ssrn.2579926

David Pascual-Ezama, T. Fosgaard, Juan-Camilo Cardenas, P. Kujal, Róbert F. Veszteg, Beatriz Gil-Gómez de Liaño, Brian C. Gunia, Doris Weichselbaumer, K. Hilken, Armenak Antinyan, Joyce Delnoij, A. Proestakis, Michael D. Tira, Yulius Pratomo, T. Jaber-López, Pablo Brañas-Garza

引用次数: 80

Do Loans for Higher Education Lead to Better Salaries? Evidence from a Regression Discontinuity Approach for Colombia 高等教育贷款能带来更高的薪水吗?哥伦比亚回归不连续方法的证据

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2014-10-16 DOI: 10.2139/ssrn.2516506

Fábio Sanchez, Tatiana Velasco

{"title":"Do Loans for Higher Education Lead to Better Salaries? Evidence from a Regression Discontinuity Approach for Colombia","authors":"Fábio Sanchez, Tatiana Velasco","doi":"10.2139/ssrn.2516506","DOIUrl":"https://doi.org/10.2139/ssrn.2516506","url":null,"abstract":"Since 2002 the ACCES credit for higher education has financed more than 280,000 students. Prior evaluations have shown evidence as to its positive effect on the academic performance and the reduction in the dropout rates of the recipients. Nevertheless, no evidence exists so far on the effect these credit programs have had on the labor market indicators of their beneficiaries. In this study we attempt to estimate such effect. In particular, the question we seek to answer is if, once working as graduates, do the beneficiaries of ACCES loans have higher salaries and if this is the case, why does this happen and through which channels does it occur. Using administrative data for more than 300 thousand applicants of this credit in Colombia and using a regression discontinuity design, we found that the recipients of the ACCES educational credit have starting salaries as graduates which are higher in comparison with those graduates not receiving this credit. We also undertake a mediation methodology within an Intent-to-Treat Regression Discontinuity framework that allows for a precise identification and quantification of the mediation channels. We concluded that once graduated, the ACCES beneficiaries’ exhibit longer job search periods, which would substantially explain their greater starting salaries of their first formal jobs. Academic performance during college also account for the differences in starting salaries yet to lesser degree.","PeriodicalId":446687,"journal":{"name":"Universidad de los Andes Department of Economics Research Paper Series","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130415522","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}

引用次数: 5

Credit Constraints and Business Performance: Evidence from Public Lending in Colombia 信贷约束与企业绩效:来自哥伦比亚公共贷款的证据

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2014-10-15 DOI: 10.2139/ssrn.2516517

Marcela Eslava, A. Maffioli, Marcela Meléndez

{"title":"Credit Constraints and Business Performance: Evidence from Public Lending in Colombia","authors":"Marcela Eslava, A. Maffioli, Marcela Meléndez","doi":"10.2139/ssrn.2516517","DOIUrl":"https://doi.org/10.2139/ssrn.2516517","url":null,"abstract":"Whether public lending to firms effectively eases credit constraints has been widely studied for very small businesses. The evidence documented for larger firms refers to lending that is significantly subsidized and targeted to these businesses, so the estimated positive effects may reflect poor allocation of public credit. This paper investigates the impact on its beneficiaries of a wide, untargeted and unsubsidized, lending program in Colombia. We use data on all non-micro manufacturing firms and all formal credit operations. After correcting for potential selection biases using econometric techniques, we find that Bancoldex loans increase firms’ employment, purchases of inputs, investment, and output for small (but non-micro) firms, while large firms experience increases in variable inputs, but not on investment. While both short-term and long-term Bancoldex loans are found to have positive impacts on output, input demand and employment, only long-term loans increase investment. Moreover, short-term loans have a larger impact on input demand than long-term loans. Our findings also indicate that Bancoldex’ beneficiaries end up with improved overall credit conditions after receiving Bancoldex credit: the amount of credit received goes up, the duration of the loans increases, and beneficiaries are able to establish credit relationships with more financial intermediaries. Though the interest rates go down, in this dimension the effect is small.","PeriodicalId":446687,"journal":{"name":"Universidad de los Andes Department of Economics Research Paper Series","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127747444","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}

引用次数: 10

The Environmental Impact of Civil Conflict: The Deforestation Effect of Paramilitary Expansion in Colombia 内战对环境的影响:哥伦比亚准军事扩张对森林砍伐的影响

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2014-09-18 DOI: 10.2139/ssrn.2516512

L. Fergusson, Dario Romero, Juan F. Vargas

{"title":"The Environmental Impact of Civil Conflict: The Deforestation Effect of Paramilitary Expansion in Colombia","authors":"L. Fergusson, Dario Romero, Juan F. Vargas","doi":"10.2139/ssrn.2516512","DOIUrl":"https://doi.org/10.2139/ssrn.2516512","url":null,"abstract":"Despite a growing body of literature on how environmental degradation can fuel civil war, the reverse effect, namely that of conflict on environmental outcomes, is relatively understudied. From a theoretical point of view this effect is ambiguous, with some forces pointing to pressures for environmental degradation and some pointing in the opposite direction. Hence, the overall effect of conflict on the environment is an empirical question. We study this relationship in the case of Colombia. We combine a detailed satellite-based longitudinal dataset on forest cover across municipalities over the period 1990-2010 with a comprehensive panel of conflict-related violent actions by paramilitary militias. We first provide evidence that paramilitary activity significantly reduces the share of forest cover in a panel specification that includes municipal and time fixed effects. Then we confirm these findings by taking advantage of a quasi-experiment that provides us with an exogenous source of variation for the expansion of the paramilitary. Using the distance to the region of Uraba, the epicenter of such expansion, we instrument paramilitary activity in each cross-section for which data on forest cover is available. As a falsification exercise, we show that the instrument ceases to be relevant after the paramilitaries largely demobilized following peace negotiations with the government. Further, after the demobilization the deforestation effect of the paramilitaries disappears. We explore a number of potential mechanisms that may explain the conflict-driven deforestation, and show evidence suggesting that paramilitary violence generates large outflows of people in order to secure areas for growing illegal crops, exploit mineral resources, and engage in extensive agriculture. In turn, these activities are associated with deforestation.","PeriodicalId":446687,"journal":{"name":"Universidad de los Andes Department of Economics Research Paper Series","volume":"298 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114852196","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}

引用次数: 45

Gasping for Air: Soccer Players’ Performance at High-Altitude 喘息的空气:足球运动员在高海拔的表现

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2014-06-09 DOI: 10.2139/ssrn.2451279

J. Tovar

引用次数: 0

Job Vacancies in Colombia: 1976-2012 哥伦比亚的职位空缺:1976-2012

Universidad de los Andes Department of Economics Research Paper Series Pub Date : 2013-12-13 DOI: 10.2139/ssrn.2367457

Andrés Álvarez, M. Hofstetter

引用次数: 1