The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...

This paper models the impact on economic growth of HIV/AIDS when the epidemic is in a mature phase, in contrast with previous studies focused on periods of expansion, as in African countries. Simulations for Honduras, the epicenter of the epidemic in Central America, show that AIDS is not likely...

This paper explores the links between labor formality, access to credit and firm performance in Colombia using Annual Manufacturing Survey data for the period 2000-2009. A significant though small relationship is found between access to credit and informality. The results suggest that a 10...

This paper examines the link between financial deepening and formalization in Peru. Using data from the National Household Survey, Bloomberg and the Central Bank of Peru Central Bank, the Cata~o, Page´s, and Rosales (2009) model is implemented at activity level (2-digits ISIC), and the Rajan...

This paper examines the effect of bank credit on employment formalization in Uruguay. Using a difference-in-differences methodology proposed by Cata~o, Page´s and Rosales (2011), the paper finds that financial deepening decreases informality, especially in more financially dependent sectors....

Desde 1996, el Instituto para la Integración de América Latina y el Caribe del BID (BID-INTAL) ha publicado la edición anual del Informe MERCOSUR, con el objeto de documentar los aspectos más importantes del desarrollo económico y comercial de esta entidad regional, haciendo un recuento...

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost. The...

¿Cuál es el impacto de la integración sobre la productividad? ¿Cuáles son los canales principales? ¿Existe en los acuerdos regionales alguna especificidad con relación a los efectos de la productividad? El presente estudio procura responder a estas preguntas examinando la experiencia de...

Por diversas razones y canales de transmisión, el stock y la calidad de la infraestructura de un país es un indicador fundamental de su nivel de desarrollo y del bienestar general que ofrece a sus habitantes. El presente documento calcula las brechas de infraestructura para la subregión...

El presente trabajo presenta un enfoque metodológico que permite medir a nivel de planta y de sectores la informalidad y la productividad en forma conjunta de manera tal de poder entender mejor y probar las distintas hipótesis sobre la relación entre ambas variables. Se destaca que la...