La presente investigación caracteriza el comportamiento macroeconómico de la economía boliviana y prueba el desempeño de un modelo de Equilibrio General Dinámico (EGD) que extiende la especificación neoclásica ...

This paper provides a framework for analyzing the growth dynamics of Chile. Using univariate time series representations, we find that the Chilean data is more consistent with exogenous rather than endogenous growth models. ...

The positive impact that competition has on performance in most industries has been questioned in the education sector. The difficulty to measure competition, the idea that parents don’t rationally choose schools for ...

Despite having accumulated physical and human capital at significant rates, Latin America’s growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable ...

This paper presents the asymptotic and finite sample properties of the efficient method of moments and indirect inference, when applied to estimating stationary ARMA models. Issues such as identification, model selection, ...

This paper analyzes whether or not the econometric methods usually applied to test for absolute convergence have provided this hypothesis a "fair" chance. I show that traditional (absolute and conditional) convergence tests ...

One of the pillars of the educational voucher system is that competition between schools to attract students would improve the quality of the education provided. Surveys in Chile have suggested that parents are not aware ...

This paper uses different approaches to determine the contribution of internal policies and external factors on the good performance of the Bolivian economy in the recent past. It is demonstrated that the extremely favorable ...

A risk-based approach for supervision and regulation of the financial sector is gaining ground in both emerging and industrialized countries. As part of this approach, regulators need to measure, monitor, and mitigate ...