We investigate the inflation rate in Colombia in terms of excess money, excess demand, deviations from PPP, and wage inflation. In contrast to previous results for a group of industrial economias, we find that domestic factors are a far more powerful influence on inflation than are external...

Abstract: This  document  aims  to  provide  evidence  about  the  existence  of  different patterns in equality of opportunities in academic achievement during the last ...

We examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a non-linear context. We find...

We examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a non-linear context. We find...

The main objective of this paper is to contribute to in-depth literature on the relationship between growth and the informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic performance (increase or decrease of the informal sector)...

The purpose of the chapter is to analyze Africa's economic successes in the past half century, to understand not only what made it possible but also and more importantly what risk factors may eventually bring it to an end or compromise it. While it may not be possible for Africa to alter, for...

There is a possibility that the development ministers of the Organisation for Economic Co-operation and Development (OECD) will agree on a new definition of official development assistance (ODA) at the end of 2014. Ongoing discussions on this matter may appear purely "technical" at first glance....

2014 will be an important milestone for shaping the policy field of development cooperation in a post-2015 context. Two central events are taking place. The Global Partnership for Effective Development Cooperation (GPEDC) will convene for its first High-Level Meeting in April 2014 in Mexico...