This paper describes agricultural policy choices and tests some predictions of political economy theories. It begins with three broad stylized facts: governments tend to tax agriculture in poorer countries, and subsidize it in richer ones, tax both imports and exports more than nontradables and...

This paper describes agricultural policy choices and tests some predictions of political economy theories. It begins with three broad stylized facts: governments tend to tax agriculture in poorer countries, and subsidize it in richer ones, tax both imports and exports more than nontradables and...

In order to present an estimation of the Internal Rate of Return (IRR) to higher education in Colombia we take advantage of the methodological approach provided by Heckman, Lochner and Todd (2005). Trying to overcome the criticism that surrounds interpretations of the education coefficient of...

This is a background paper to the Pacific Possible report. For many Pacific Island countries, tourism is the main economic opportunity to generate incomes and jobs. This report suggests that increasing tourism demand in four areas could drive growth of tourism arrivals in the Pacific: Increasing...

This is a background paper to the Pacific Possible report. For many Pacific Island countries, tourism is the main economic opportunity to generate incomes and jobs. This report suggests that increasing tourism demand in four areas could drive growth of tourism arrivals in the Pacific: Increasing...

Economic literature about determinants of labor income has evolved around its theoretical and methodological foundations and more sophisticated and accurate empirical estimations emerged. Colombian literature, though prolific, lacks on rigor. In order to exemplify the effects of this inattention...