This paper presents an interpretation of post-1953 Colombian economic growth and a discussion on future outcomes. The interpretation takes the form of a data playback guided by the decentralized equilibrium version of the Cass-Koopmans-Ramsey model. The role of technical change as a driver of...

This paper analyzes the relationship between agglomeration economies and productivity in the context of a developing country while taking into account the marked presence of an informal sector. Using data from Colombia, we investigate the effect of agglomeration economies on formal and informal...

We analyze the profit efficiency of the Colombian banking industry during the period 2001 - 2013. Unlike previous studies, we estimate revenue and cost efficiency separately and then compute profit efficiency as a composite measure of both cost and revenue efficiency. This approach overcomes the...

Internal forced displacement, a phenomenon associated to internal conflict, poses important socio-economic challenges for the receiving areas. One of the most relevant aspects is related to crime, since the reception of forced displaced persons might increase inequality and the heterogeneity of...

Background: Cutaneous leishmaniasis causes a high disease burden in Colombia, and available treatments present systemic toxicity, low patient compliance, contraindications, and high costs.Objective: To estimate the cost-effectiveness of thermotherapy versus Glucantime in patients with cutaneous...

Financial education programs enjoy widespread governmental and financial industry support. They are considered an important tool for improving financial literacy, encouraging financial inclusion, and increasing consumer financial protection. Therefore, assessing their effectiveness is important...

Spanish Abstract: Este artículo busca dar respuesta a si las entidades territoriales colombianas en las últimas dos décadas del siglo xx son un caso de convergencia de los ingresos per cápita. Adicionalmente, se indaga sobre los determinantes del crecimiento económico departamental en...

Spanish Abstract: Este paper considera el efecto del cargo por confiabilidad sobre el precio spot de la energía eléctrica en Colombia, implementado en 2006 con el fin de incentivar a los generadores existentes o nuevos inversionistas para mejorar la confiabilidad de la prestación del...

This study analyzes the economic returns to schooling decisions made by high school graduates in Colombia. We wanted to verify if the economic returns (wages) obtained by newly postsecondary education graduates compensate the economic and psychological investment they made in order to get that...

This study analyses the effects of innovation on employment in Colombian firms for the manufacturing and service sectors in two different periods: 2007-2010 for the manufacturing industry, and 2010-2011 for the service industry. Based on the theoretical framework proposed by Harrison et al....