The paper aims to assess the wage differential that would induce workers to switch between informal and formal sectors, analysing the informal labour market in the Colombian Caribbean region. Relying on the theory of equalising differences, we uncover which workers perceive the highest utility...

We use the stochastic frontier approach to estimate the reservation wage across different city groups in Colombia. We use the information of GEIH from 2008-2019 of 23 urban cities. We find empirical evidence in favor of the search theory predictions that suggest a positive relationship between...

This paper seeks to examine if there is a causal link between terrorist incidents and foreign direct investment in the cases of Colombia and Peru, using large-scale and up-to-date data. The data of both parameters from the early 1970s to 2020 are involved in the analysis. The statistical...