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Does financial development promotes innovation in developing economies? An Empirical Analysis
(Universidad EAFIT, 2015-01-01)
Using firm-level data from 2006 to 2013 for a set of developing countries, we examine the effects of financial development on innovation. Financial development boosts innovation by improving resource allocation and investment ...
Class or location? What explains the rising tide of absolute global income inequality during 1850-2010?
(Universidad EAFIT, 2015-03-01)
This paper is the first to decompose absolute global income inequality into its within-country class and between-country location components. The estimates show that until 1970 locational income differences were the ...
Impacto de la regulación en la eficiencia asignativa del mercado spot eléctrico colombiano
(Universidad EAFIT, 2015-07-15)
This paper uses an ARCH regression model to analyze the effect of several
regulatory measures and fundamental factors (the relationship between
commercial demand and real availability, El Niño, and water supplies) on ...
Validación de un instrumento de medición de ambiente escolar para docentes Colombianos
(Universidad EAFIT, 2015-07-15)
This study explores the validity and reliability of a school environment
instrument supplied to 3160 teachers from Medellin – Colombia public
schools in 2011. The multilevel factorial analysis allowed establishing ...
Efectos espaciales en la formación de precios en mercados minoristas de Gas Natural Vehicular
(Universidad EAFIT, 2015-07-15)
The gas distribution system for natural gas vehicles (NGV) in the Service Stations (EDS) in Colombia is highly concentrated, which gives the retail distributors market power. The
pricing mechanism appears to approximate ...
Precios y desempeño regulatorio en el pool eléctrico español
(Universidad EAFIT, 2015-07-15)
This study examines the relation between the gap of the system marginal price and
other common variables in the market such as industrial organization and
regulatory changes in the Spanish electricity pool. We estimate ...
On the Determinants of Changes in Wage Inequality in Bolivia
(Universidad EAFIT, 2015-03-01)
In recent years, Bolivia has experienced a series of economic and political transformations that have directly affected the labor markets, particularly the salaried urban sector. Real wages have shown strong increases ...
The weighted average cost of capital over the lifecycle of the firm: is the overinvestment problem of mature firms intensified by a higher WACC?
(Universidad EAFIT, 2016-01-18)
Firm lifecycle theory predicts that the Weighted Average Cost of Capital (WACC) will tend to fall over the lifecycle of the firm (Mueller, 2003, p. 80-81). However, given that previous research finds that corporate governance ...
La Relación Virtuosa de la Seguridad y la Inversión Extranjera Directa en Colombia (1994–2013)
(Universidad EAFIT, 2015-07-15)
Evidence that Capital Formation is Over-Estimated in ICP 2011
(Universidad EAFIT, 2015-07-22)
Using the ICP 2011’s cross-country data on input prices and project cost shares, I show that the construction prices in ICP 2011 are substantially underestimated in low and middle income countries. As a consequence, the ...
