Latin American performance during the global financial crisis was unprecedented. Many developing and emerging countries successfully weathered the worst crisis since the Great Depression. Was it good luck? Was it good policies? This paper compares growth during the Asian and global financial...

Using firm-level data from the manufacturing sector of Chile for the period 1995-2002, we examine whether access to finance increase the probability of exporting. To do that, we exploit information of firms’ access to banking debt and changes in the real exchange rate (RER) to identify...

Using the Climate Investment Survey from the World Bank, we analyze the effect of competition on technological innovation in developing countries. We deal with endogeneity of competition by using the interaction between industry turnover and entry regulation as an instrument. The basic idea for...

A recent theoretical literature has given relevance to the study of the relationship between product mix changes and firm productivity. In this paper, taking advantage of a rich dataset for manufacturing plants in Chile during the period 1996-2000, we use matching techniques and a difference in...

Over the last five decades a growing number of governments in developed and developing countries have implemented targeting policies to increase the R&D to GDP ratio. However, until now there have been few attempts either to evaluate the effectiveness of these policy efforts or to identify the...

We examine evidence from a 2006 to 2009 data panel to explore how Chilean households were affected by the negative income shock observed during the recent financial crisis. Our results show that there is a negative and significant relationship between income shocks and changes in consumption...

This paper analyzes empirically the relationship between innovation and productivity in the Chilean services sector. Consistent with recent evidence on developed countries, we find that services firms are as innovative as firms in the manufacturing industry. In the basic model, we also find that...