We develop a model where investment in infrastructure complements private investment. We then provide time series evidence for Mexico on both the impact of public infrastructure on output, and on the optimality with which levels of infrastructure have been set. In particular, we look at the...

This paper presents a procedure for estimating potential output and the total factor productivity (TFP), to be applied to Peruvian economy. On the basis of potential output series the economic cycle is then calculated to demonstrate that the output gap includes the TFP gap and the unemployment...

Peru has experienced during the last decades a significant increase in its educational coverage at all levels, including higher education. However, currently high unemployment and underemployment rates cast doubt about the profitability of the investments in education undertaken. This paper...