The main objective of this paper is to provide empirical evidence on the mechanisms that shape the relationship between violent conflict and collective action. Conflict dynamics in Colombia allow us to exploit rich variation in armed group presence and individual participation in local...

This paper investigates how armed groups affect the organization of local communities during armed conflict in Colombia. We estimate the effect of communities' exposure to armed groups with an econometric specification that takes into account individual and municipality-year fixed effects and an...

This paper studies the legacies of wartime institutions, measured as rebelocracy, on the ability of households to cope with negative income shocks. Rebelocracy is the social order established by non-state armed actors in the communities they control. By providing public goods and a predictable...

Gains from trade due to exporting can result from the reallocation of resources to more productive producers, or from efficiency increases within exporting firms over time. While there is strong evidence for the former, the latter has received little support in the data. Previous research has...

This paper studies the impact of exogenous export demand shocks on firms’ dividend policy using firm specific real exchange rate variation as instrumental variable. IV exclusion restriction is plausibly satisfied because real exchange rate shocks were unanticipated -partly explained because of...

Exporters pay high fixed costs to enter foreign markets, yet the majority will not export beyond one year. What happens to these exporters after they fail abroad? For these firms, exporting likely resulted in heavy profit losses. Despite this, the trade literature largely ignores export failure...

This paper analyzes the existence of intra-industry trade between Colombia and the United States, using the information of the CEPII BAC database for the period between 1995 and 2005. The relevance of establishing a measure of intra-industry trade flows between Colombia and the United States...

In two pairs of episodes, first in 1824 and 1846 and then in 1892 and 1935, similar U.S.- Colombia trade agreements or their enabling laws were embraced first by protectionists and then by free traders. The history of the episodes supports the view that although political institutions exist to...

The increase in the area cultivated with coca in Colombia has cast doubt on the country's anti-drug strategy and has encouraged skepticism about the possibility of a complete and definitive peace. Furthermore, this perception of failure has given rise to policy proposals based on the idea that...

Spanish Abstract: La incertidumbre bajo periodos de inestabilidad institucional, traducida en violencia, puede destruir las dotaciones de capital físico y humano de la economía y, desestimular la inversión. En este trabajo se analiza el impacto de largo plazo de la violencia en el crecimiento...