In this paper we use Colombian manufacturing data on exports and external financing for the period 1998 - 2006 to estimate the credit elasticity of exports. We use bank-firm linked data to construct a supply side instrument for a manufacturer's demand of credit, which we use to address the...

This paper estimates household consumption levels reached after analyzing the effect of eight VAT structures. The exercise used the Colombian Income and Consumption Survey of 1994. After analyzing the effects of the eight VAT structures over consumption, we find that the 2000 VAT structure is...

This paper estimates the elasticity of substitution of U.S. imports using detailed trade data over the 1990-2003 period. The authors use a two-stage least squares framework in order to identify the elasticity parameter of interest. The authors use the elasticity estimates to assess the extent to...

This paper estimates the elasticity of substitution of U.S. imports using detailed trade data over the 1990-2003 period. The authors use a two-stage least squares framework in order to identify the elasticity parameter of interest. The authors use the elasticity estimates to assess the extent to...

In this paper we use manufacturing data on Colombian exports and bank financing to estimate the credit elasticity of exports. The data allows us to construct a supply side instrumental variable for the credit of manufacturers that we use to address a possible reverse causality problem. We find...

Trade, investment, and financial relationships between developing regions are deepening. There is no better example than the relationship between Asia and the Pacific on one hand, and Latin America and the Caribbean on the other. To capitalize on the vast potential for interregional cooperation,...

In this paper we use Colombian manufacturing data on exports and external financing for the period 1998 - 2006 to estimate the credit elasticity of exports. We use bank-firm linked data to construct a supply side instrument for a manufacturer's demand of credit, which we use to address the...

O surgimento das cadeias globais de valor (CGVs) está permitindo que os países se industrializem muito mais rapidamente ao se inserirem em redes internacionais de produção em vez de construírem cadeias produtivas completas dentro do próprio país. Além de oferecer oportunidades para...

Transport Costs are one of the most important sources of barriersto trade. Inspired by this concern, we use an ad-hoc empirical model to examinethe possible determinants of transport costs.Using a country aggregate bilateral transport costs database for 1990, wereplicate Limao and Venables...

Following Anderson and Wincoop (2004) we estimate the elasticityof substitution of the goods imported by the U.S. market for the period comprehended between 1990 - 2003. Our estimates take advantage of the data ontransport costs available at six digit commodity level of the U.S. import...