In this paper, a comparative analysis is carried out among the industrial sectors in Colombia that have the most employees during 2000-2011. A dynamic simulation is used, and a Data Envelopment Analysis (DEA) is applied in order to obtain an overall index of technical efficiency in Colombia's...

In this paper, a comparative analysis is carried out among the industrial sectors in Colombia that have the most employees during 2000-2011. A dynamic simulation is used, and a Data Envelopment Analysis (DEA) is applied in order to obtain an overall index of technical efficiency in Colombia's...

Exchange rate volatility has been identified as one of the drivers of export diversification. Previous studies have assumed a symmetric relationship between the two variables. However, because volatility could be positive or negative and economic agents react to these changes differently, recent...

An economy's production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the...

A country's production possibility frontier or PPF is defined as the boundary of its economy's production set in the net output space for a given technology and fixed quantities of primary factors of production. In general equilibrium theory, exogenous changes in technology or primary-factor...

This paper elucidates the implications of transaction costs in agrarian labor hiring activities in a two-sector model of international trade and identifies a link between the size distribution of land and intersectoral allocation of productive inputs. Ceteris paribus, a more unequal distribution...