Bucaramanga, the capital of the department of Santander, is not only a city with some of the best social indicators in Colombia, but also one whose economy has been growing faster than the other main Colombian cities. This document analyzes the importance of human capital, and how it´s related...

Resumen: Este documento hace un diagnostico multidimensional de las brechas regionales que existen en Colombia a nivel departamental y de su persistencia en el tiempo. Así mismo se estudian las causas de la inequidad regional. La evidencia presentada sugiere que las diferencias institucionales...

PAK policy is one of the important policies that has been adopted in housing market during the two recent decades. It mainly focuses on saving, development and downsizing. Now given that housing can be considered both as a capital and an expendable property and it has unique characteristics such...

Durante la primera década del siglo XXI, Colombia recibió cerca de $32 billones de pesos en regalías como consecuencia de una mayor dinámica en la explotación del sector minero-energético. La literatura que ha indagado por el efecto de estos recursos se ha concentrado en el crecimiento del...

Throughout the last decade, mortgage markets experienced both a considerable decline and a considerable increase in the share served by the FHA. Concerns have grown about the solvency of the program and about the access to credit of the borrowers served by the FHA market. These concerns are due,...

This paper analyzes the effect of resource-based economic specialization on women's labor market outcomes. Using information on the location and discovery of major oil fields in the Southern United States coupled with a county-level panel derived from US Census data for 1900-1940, we...

This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...

In this paper we test Okun's Law for individuals states from 1990 through 2012. We find the relationship between output and unemployment becomes stronger following the 2007 Great Recession. For most states the impact of a change in output on unemployment has increased and in many cases the...

The U.S. economic recession in 2007 coincided with rising oil prices and an overall decline in traffic volume nationwide. This paper examines how the economic downturn, diesel prices, and other factors affected truck traffic on the Long Beach Freeway, which connects the Ports of Los Angeles and...

Should developing countries focus on the development of urban infrastructure and in general facilitate the location of employment in its large cities to exploit the still important agglomeration economies? Or should they develop infrastructure in medium-density locations to remove some of the...