Jan 2009
Author(s): Daude, Christian; Fernández-Arias, Eduardo; Blyde, Juan S.
This paper analyzes the long-run relationship between output collapsesdefined defined as GDP falling substantially below trendand total factor productivity (TFP), using a panel of 71 developed and…
Oct 2008
Author(s): Cavallo, Eduardo A.; Daude, Christian
This paper analyzes the impact of public investment on private investment in 116 developing countries between 1980 and 2006. It finds a strong crowding-out effect that seems to be the norm rather…
Nov 2004
Author(s): Micco, Alejandro; Panizza, Ugo
This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank lending behavior over the business cycle. The paper finds that state-owned banks…
Jul 2004
Author(s): Pagés, Carmen; Micco, Alejandro
This paper examines the effect of employment protection regulation on gross job flows in a sample of developed and developing countries. By implementing a differences-in-differences test we lessen…
Jun 2004
Author(s): Micco, Alejandro; Serebrisky, Tomás
The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Countries need to adopt policies to 'get closer' to global markets. Can…
Jan 2003
Author(s): Galindo, Arturo; Micco, Alejandro
This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a…
Sep 2001
Author(s): Kapsoli, Javier; Galindo, Arturo; Márquez, Gustavo; Daude, Christian; Melo, Alberto; Miller, Margaret; Jansson, Tor; Pagés, Carmen; Micco, Alejandro; Chong, Alberto E.; Székely, Miguel; Millán, Jaime; Lora, Eduardo; Stein, Ernesto H.; Pérez, Natalia
Participar en la economía mundial no lleva necesariamente a elevar la productividad de una nación ni a reestructurar su economía. Estos cambios requieren movilizar capital, empleo, tecnología y…
Sep 2001
Author(s): Kapsoli, Javier; Galindo, Arturo; Márquez, Gustavo; Daude, Christian; Melo, Alberto; Miller, Margaret; Jansson, Tor; Pagés, Carmen; Micco, Alejandro; Chong, Alberto E.; Székely, Miguel; Millán, Jaime; Lora, Eduardo; Stein, Ernesto H.; Pérez, Natalia
Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge.…