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The Chilean economy is usually highly praised as a successful one since the imposition of neoliberal reforms, under the dictatorship of general Pinochet in 1973. The fact is that the four decades that have elapsed include sub-periods with quite different policy approaches and notably diverse...
Persistent link: https://www.econbiz.de/10011199975
This paper shows one important result, namely, that corporate tax systems that allow at least for two sources of investment tax deductions (e.g., accelerated arbitrary investment depreciation and deductibility of part of interest payments on the firm`s debt) can be, under certain plausible...
Persistent link: https://www.econbiz.de/10011199976
Persistent link: https://www.econbiz.de/10011199977
Rates of return to investments in schooling have been estimated since the late 1950s. In the 60-plus year history of such estimates, there have been several attempts to synthesize the empirical results to ascertain patterns. This paper presents comparable estimates, as well as a database, that...
Persistent link: https://www.econbiz.de/10011199978
Using firm-level data from the manufacturing sector of Chile for the period 1995-2002, we examine whether access to finance increase the probability of exporting. To do that, we exploit information of firms’ access to banking debt and changes in the real exchange rate (RER) to identify...
Persistent link: https://www.econbiz.de/10011199979
Using the Climate Investment Survey from the World Bank, we analyze the effect of competition on technological innovation in developing countries. We deal with endogeneity of competition by using the interaction between industry turnover and entry regulation as an instrument. The basic idea for...
Persistent link: https://www.econbiz.de/10011199980
In the last decades, consumer debt experienced a marked increase in the United States, Latin America and other emerging countries, spurring a debate about the real costs and benefits of household credit. This paper explores the psychological costs of over indebtedness. Using a unique dataset...
Persistent link: https://www.econbiz.de/10011199981
The scanty economic literature has attributed to female voting part of the increase in government expenditure and social government expenditure over the XXth century. This finding results puzzling considering that the political science literature has documented that women tended to be more...
Persistent link: https://www.econbiz.de/10011199982
Persistent link: https://www.econbiz.de/10011199983
In this paper we analyze the effect of school entry and exit in the Chilean market- oriented educational system. During the period 1994-2012, nearly 2,150 schools closed (more than 2,800 if pre-K and kindergarten centers are included), around one-fifth of the current stock of schools. At the...
Persistent link: https://www.econbiz.de/10011199984