This paper estimates the impact of the conditional cash transfer program, Red de Oportunidades, on human capital outcomes in areas with different incidences of poverty: indigenous and rural non-indigenous areas of Panama. The analysis relies on data from the Living Standards Measurement Survey...

Industrial clusters are commonly targeted to receive financial support allocated to local-based development projects. Cluster promotion is seen as an effective industrial policy tool aimed at improving productivity and employment generation. Nevertheless, despite its popularity as a regional...

This paper is part of the project 'Ex-post Evaluation of the IDB Agricultural Technology Uptake Programs.' This paper evaluates the impact of agricultural extension services in the Dominican Republic and analyzes the direct impact of the Program for Technological Support in the Agricultural...

Este documento profundiza el estudio de los determinantes de la informalidad empresarial en Colombia y aporta nueva evidencia al respecto. El análisis se realiza tanto cuantitativa como cualitativamente. El primero se desarrolla con el Censo Empresarial de Cali y Yumbo de 2005, el cual permite...

This paper evaluates the impact of agricultural extension services in the Dominican Republic. In particular, we analyze the direct impact of the Program for Technological Support in the Agricultural Sector (PATCA). The analysis relies on a unique dataset gathered by PATCA’s executing unit in...

Este documento muestra que las empresas informales en Colombia tienen en promedio menor acceso al crédito y a programas de capacitación, mayores problemas tecnológicos y menores utilidades por trabajador que las empresas formales con características similares. Además, analiza el impacto de...

Asset prices have recently become a common topic in economic debate. Nevertheless,much time has been spent in determining if they e®ectively exhibit a bubble component,and not in examining whether asset prices a®ectively contain relevant information concern-ing future market developments. This...

This paper presents two versions of a spatial competition model for the banking sector. The first version, describes a framework that follows closely Salop’s spatial competition model. This version is modified in the second part by introducing the loan market and default risk probabilities for...

This paper presents a multimarket spatial competition oligopoly model for the Colombian deposit market, in line with the New Empirical Industrial Organization (NEIO) approach. In this framework, banks use price and non-price strategies to compete in the market, which allows us to analyze the...