We apply a simple version of the Baumol Tobin model of Money Demand to determine the costs incurred by agents due to the existence of a proportional tax on the value of banking transactions in Colombia, and the incentives to use less and less the legal financial system.

This article presents some guidelines to design an educational policy from an economic point of view. First, a brief description of the structure and evolution of the Colombian educational sector from an international perspective is described. Then, the author discusses the distribution of...

Economists worries about the potencial exhaustion of natural resources and the deterioration of the environment as well as its effects upon present and future generations welfare have led to disputes as for the relevancy of having as the only goal a long run economic growth without parallel...

In this article the author presents the Human Development Indicator (HDI) for four Colombian cities (Santafé de Bogotá, Medellin, Santiago de Cali and Barranquilla). The HDI is an approximate measure of the living conditions of the population, taking into account economic aspects such as...

The present debate on the problem of natural resources exhaustion and contamination levels generated by economic activity has gone beyond the field of economic growth. This work intends to use the Ramsey model (1928), and evaluate the behavior of relevant variables in a society, when they are...

This paper aims to introduce some market mechanisms that can improve reliability in the market for electricity generation in Colombia, these are: 1) to provide additional information to agents in a market which by nature is random and 2) reliability insurances, recognizing that the demands are...

This article brings back the debate on the limit that the State must impose to the growth of companies in the market; the author analyzes a case in the Colombian electrical energy generation industry. For this purpose, it first presents the possibilities that Colombian legislation offers to the...

We analyze the new selection of teachers in basic and media education in Antioquia as an adverse selection problem. We have known the non-teaching professionals are going relatively well in the written tests, but lose that advantage in the analysis of their curriculum vitae (they usually do not...