The paper discusses the magnitude of commitment in the legal and contractual budget that different governments need to stand by during each fiscal year and realize the gaining momentum.

This publication contains a collection of papers presented within the framework of the Public Policy Management and Transparency Network: Development Effectiveness and Results-Based Budget Management, of the Regional Policy Dialogue and the PRODEV initiative. The paper topics cover four central...

This publication contains a collection of papers presented within the framework of the Public Policy Management and Transparency Network: Development Effectiveness and Results-Based Budget Management, of the Regional Policy Dialogue and the PRODEV initiative. The paper topics cover four central...

The study of budgetary institutions has long been an important topic in the economic literature. Nonetheless, the degree of rigidity or inflexibility in budget preparation, a prime preoccupation for policy makers and in particular for finance ministers since a long time ago, has been relatively...

Tradicionalmente la productividad en Colombia se ha estudiado a partir de metodologías econométricas y rankings internacionales basados en encuestas de percepción. A pesar de que este tipo de acercamientos son interesantes y necesarios, finalmente son pocas las recomendaciones que se pueden...

In the nineties, Colombia became the main supplier of cocaine to the world markets. Estimations of total production and net revenues indicate that for 2001 this illegal business might have been responsible for 2% to 4% of the country´s GDP, depending on the number of hectares of coca leaf...

A price-setting mechanism based on a markup over variable costs is studied for the quite different inflationary experiences of Argentina and Colombia. The paper pursues a twofold strategy: first, it test the null hypothesis of a constant markup against the alternative of a variable one; second,...

El gobierno colombiano tiene un escaso margen de maniobra al preparar el Presupuesto General de la Nación ya que un alto porcentaje de los gastos que debe hacer cada año está predeterminado por un numeroso conjunto de leyes y de artículos constitucionales. En este trabajo se hace un...

By the end of the 1990s, inefficiency, excess supply and low service quality characterized the mass transit system of Bogotá. The average travel time to work was one hour and ten minutes, obsolete buses provided public transport, traffic generated 70 percent of air pollution and there were...