Public statistics face quite a challenge when it comes to measuring new dimensions of development (institutions, governance, and social and political participation). To take up this challenge, modules on Governance, Democracy and Multiple Dimensions of Poverty have been appended to household...

Argentinien hat im Januar 2002 seine Zahlungsunfähigkeit erklärt und hofft seitdem auf neue Kredite des IWF. Anders als früher stellt der IWF nicht nur an die Zentralregierung Vorbedingungen: er fordert nämlich insbesondere, daß die Gebietskörperschaften eine kooperative Politik der...

We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disavantaged children aged 12 to 24 months at baseline. We estimate the determinants of parents' material and time...

Argentinien hat im Januar 2002 seine Zahlungsunfähigkeit erklärt und hofft seitdem auf neue Kredite des IWF. Anders als früher stellt der IWF nicht nur an die Zentralregierung Vorbedingungen: er fordert nämlich insbesondere, daß die Gebietskörperschaften eine kooperative Politik der...

It is well documented venture capital’s positive impact on creation and development of highly successful innovative companies worldwide. Venture capital not only provides funding to startups and SMEs (small and medium enterprises) that usually have financing gap, especially in emerging...

We propose a method to estimate both whether there is an overall infrastructure shortage and the optimal share of infrastructure in gross fixed capital formation (GFCF). This is based on a two-gap model and linear programming, and is illustrated with the case of Mexico (1950-1985). The results...

We demonstrate that subsidy uncertainty in microfinance can lead to mission drift and defeat poverty alleviation efforts. Our model shows that microfinance institutions, fearing that subsidies may dry up, have no alternative but to build precautionary savings by serving wealthier clients,...

The paper estimates and analyzes an equation for intermediate imports during the 1988-2006 post-liberalization period in Mexico. While some results are obtained from Johansen’s VECM model, most of the analysis is carried out within an Error-Correction ARDL framework, following the bounds...

Multinational firms from Latin America, or Multilatinas, have recently emerged among the largest multinational firms in the World. This paper describes the phenomenon and argues that the emergence of Multilatinas is a consequence of the process of economic liberalization of the decade of the...

One question in the most recent World Values Survey asked whether it is an essential characteristic of democratic governments to tax the rich and subsidize the poor. The present study reports the findings of the survey conducted in South Korea. The overall response and relative ranking are...