This paper provides a review of intra-industry trade between the United States and Colombia from 1995 to 2005, based on data from the BACI (Base pour l'Analyse du Commerce International or Database for International Trade Analysis). During this period of time, intra-industry trade accounted for...

This article analyzes the consumption of culture in Cali (Colombia), by estimating the income elasticity of cultural demand. The results correspond exclusively to a group of cultural goods and services, unlike previous contributions where calculations have been made for education and culture...

In the presence of selection bias, traditional estimators of pseudo panel data are inconsistent. In this paper, the authors derive the conditions under which consistence is achieved in pseudo-panel estimation and propose a simple test of selection bias. Specifically, they propose a Wald test for...

Informality is a common phenomenon in developing countries and an unusual one in industrialized countries. The persistence of informal employment is indicative of the impossibility of moving out of this status for a certain period of time. Using pseudo panel data, empirical evidence is presented...

The purpose of this paper is to provide a review of economic literature regarding theories that analyze the demand for higher education from a microeconomic perspective. Some of the noteworthy fundamental theories included in this review include Becker's (1983) theory of human capital and some...

This paper analyze of the quality of employment in the major cities of Colombia in 2009. The results show that, although the quality of employment has improved versus 2001, it still continues to be below the necessary level for having quality employment. It also demonstrates the endogenous...

This paper analyzes over-education in Colombia, using the data of individuals and companies, compiled by the National Apprenticeship Service (SENA) in 2006. It finds that there is a 14% likelihood of being over-educated and that this depends on the mobility between different areas of...

Spanish Abstract: En el contexto de una democracia precaria en el nivel local, este artículo demuestra que si el concejo está controlado mayoritariamente por concejales que promueven agendas políticas con las cuales se busca que los individuos económicamente más solventes y políticamente...

This article aims to analyze the effect of minimum wage levels on the decision to join the informal job sector. We estimated a pseudo panel model of engagement in the informal sector using an IV-probit. Our results show that an increased wage gap — the relative difference between observed and...

This article analyzes the effect of the municipality on the academic result of the Colombian State test student "Saber 11". From linear hierarchical models with quantile regression, our results suggest that the type of municipality has a significant effect on students' academic achievement in...