Los análisis del proceso de apertura han centrado su atención en los aspectos macroeconómicos del mismo: la necesidad, la conveniencia y la oportunidad de realizar el cambio de modelo de desarrollo; la controversia sobre el papel del Estado; y, especialmente, los efectos -adversos o...

Una función de producción agregada para la economía colombiana: características e interacción entre el trabajo calificado, el trabajo no calificado y el capital, 1994-2005.Resumen:En este artículo se enseñan los resultados de las diversas elasticidades del trabajo calificado, el trabajo...

El presente estudio presenta un análisis, espacialmente desagregado, de la disminución en el consumo residencial de agua en el Área Metropolitana del Valle de Aburrá (AMVA) durante el periodo 2005 – 2010 e identificar las características socioeconómicas asociadas a estos patrones....

Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.

In recent years the problem of the determination of causality has become an increasingly important question in the field of corporate governance. This paper reviews contemporary literature on the topic and finds that the current approach is to attempt to determine causality empirically and that...

Desde la perspectiva de la política coyuntural de la empresa, este artículo prueba, para el caso colombiano, lo que los autores han denominado la hipótesis de Krugman", según la cual el sector real incide en el desempeño del sector financiero. Con información disponible en la...

This study analyzes the effectof changes in corporate controlon the way shareholdersbenefit from the announcements of selling and buying airlines, thus contributing to the literature on mergers and acquisitions (M&As) in emerging markets. Using a methodologyof event study, including GARCH and...

This paper analyzes the determinants of R&D offshoring of Spanish firms using information from the Panel of Technological Innovation. We find that being an exporter, continuous R&D engagement, applying for patents, being a subsidiary, and firm size are factors that positively affect the decision...

Abstract: Homer clearly expressed the economic problem of choosing the best option among several alternatives given a certain set of restrictions. In the Odyssey he specifically wrote about the minimum cost choice. This kind of problem, as is well known, is at the heart of the neoclassical...

This study analyzes the economic returns to schooling decisions made by high school graduates in Colombia. We wanted to verify if the economic returns (wages) obtained by newly postsecondary education graduates compensate the economic and psychological investment they made in order to get that...