The main reason Lima failed to implement a concession was geographical: the scarcity of water sources meant high marginal costs, partly for pumping water from deep wells and building adequate storage for dry periods. High extraction costs were compounded by years of neglect; much of the system...

Peru is the South American country that suffers anaemia the most (matching only Guyana) according to the WHO. It affects more than 50% of preschool children, 42% of pregnant women and 40% of non-pregnant women of reproductive age. These prevalence levels put Peru in a similar situation to most...

El Perú es el país más afectado por la anemia de toda Sudamérica (solo igual que Guyana) de acuerdo a la Organización Mundial de la Salud. Afecta a más del 50% de los niños en edad preescolar, al 42% de madres gestantes y al 40% de las mujeres en edad fértil que no están gestando. Estos...

The focus of this paper is the link between income volatility and the accumulation of human capital in the presence of credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is studied.

The signing of a concession contract for the Buenos Aires water and sanitation system in December 1992, attracted worldwide attention, and caused considerable controversy in Argentina. It was one of the world's largest concessions, but the case was also interesting for other reasons. The...

The main reason Lima failed to implement a concession was geographical: the scarcity of water sources meant high marginal costs, partly for pumping water from deep wells and building adequate storage for dry periods. High extraction costs were compounded by years of neglect; much of the system...

We set up a dynamic model of firm investment in which liquidity constraints enter explicity into the firm's maximization problem. The optimal policy rules are incorporated into a maximum likelihood procedure which estimates the structural parameters of the model. Investment is positively related...