Documentos de trabajo (working papers)
Los investigadores pertenecientes a la Escuela de economía y Finanzas publican sus documentos de trabajo. Con la publicación de éstos se pretende apoyar la difusión de investigación económica y financiera de alta calidad realizada dentro de la Escuela de Economía y Finanzas de la Universidad EAFIT. Los documentos se constituyen "en material provisional", se publican con el fin de estimular el debate académico. Están dirigidos a expertos, así, los lectores deben tener conocimiento de la economía y finanzas. Las opiniones y posibles errores son responsabilidad única y exclusiva de los autores y no comprometen a la Escuela de Economía y Finanzas, ni a la Universidad EAFIT.
Todo persona que consulte el material, podrá realizar citas conforme a lo permitido por la ley citando en todo caso las fuentes.
Recent Submissions
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Determining the banking solvency risk in times of COVID-19 through Gram-Charlier expansions
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-09-20)This paper proposes risk measures for bank solvency by accurately measuring the solvency risk components. These measures consider the minimum regulatory solvency levels and banks’ risk appetite level and risk profile. For ... -
Broken windows policing and crime: Evidence from 80 Colombian cities
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-09-01)We study the effects of broken windows policing on crime using geo-located crime and arrest reports for 80 Colombian cities. Broadly defined, broken windows policing consists of intensifying arrests—sometimes for minor ... -
Criminal capital persistence: Evidence from 90,000 inmates’ releases
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-06-22)We study persistence in criminal capital by looking at the effects of inmates’ releaseson crime around prisons in Colombia. Leveraging detailed geographic and temporal information on the universe of releases from all prisons ... -
Sectoral real exchange rates and manufacturing exports: A case study of Latin America
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-08-12)Standard theory considers the real exchange rate (RER) as an export determinant. A common limitation of cross-country evidence is the use of effective (REER) or bilateral (BRER) RER indices, both of which have the same ... -
The Incidence of Land Use Regulations
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-04-14)I study the welfare consequences of land use regulations for low- and high-skilled workers within a city. I use detailed geographic data for Cook County and Chicago in 2015-2016, together with a spatial quantitative ... -
Caída y convergencia mundial de las tasas de inflación
(Universidad EAFIT; Escuela de Economía y Finanzas, 2021-03-19)The trend observed since 1998 towards global disinflation and for national inflation rates to stabilize at low levels is due to the behavior of inflation in the United States according to the econometric exercises reported ... -
Principales barreras para la Generación Distribuida: Evidencia a partir de una revisión de literatura
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-01-20)This paper through a literature review examines the main barriers to the adoption of distributed generation (DG).We group these barriers into three levels: i) the institutional and regulatory, where the main barrier is the ... -
Fuentes de Energía Renovable, Recursos Energéticos Distribuidos y Almacenamiento en Colombia: una revisión de la normatividad
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-01-18)This paper presents the regulations on non-conventional energy resources, distributed energy resources and electricity energy storage in Colombia. Law 1715 of 2014 is the great driving force behind the development of the ... -
Cambio técnico y política económica: la teoría y el caso colombiano (1950 - 2019)
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-11-12)The right policy to economic growth is based on the theory of a decentralized (market) society whose productive activity expands in the long term amid ups and downs thanks to technical change and the emergence, time and ... -
Millennials and the gender wage gap: Do millennial women face a glass ceiling?
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-09-10)This study aims to measure the gender wage gap among millennial workers in Colombia and determine if there is a marked wage difference between millennial women and men. Further, this study analyzes whether millennial women ... -
The Unintended Consequences of the U.S. Adversarial Model in Latin American Crime
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-09-10)During the 1990s, Latin America experienced a criminal procedural revolution (LACPR) when approximately 70% of its countries abandoned their inquisitorial system and adopted the U.S. adversarial model. Following the LACPR, ... -
Crecimiento y ciclos de la economía colombiana (2005 – 2019)
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-07-24)In 2005-19 Colombian economic growth was outstanding at the international level: GDP per worker increased 2.07% per year, equivalent to 36% in those 15 years. This was possible because total factor productivity (TFP) ... -
The impact of effective corporate tax rates on investment
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-06-25)There exists an intense debate about the effects of corporate tax cuts on the formation of private capital in the real sector. This paper studies the investment impact of the effective fiscal burden of firms during the ... -
Modeling electricity price and quantity uncertainty: An application for hedging with forward contracts
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-06-08)Energy purchases/sales in liberalized markets are subject to price and quantity uncertainty, which should be jointly modeled by relaxing the unreliable normality assumption for capturing risk. In this paper, we consider ... -
Firm size and economic concentration: An analysis from lognormal expansion
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-06-08)This paper proposes a semi-nonparametric (SNP) generalization of the lognormal distribution for studying firm size and providing accurate measures for economic concentration and inequality in terms of the Gini index adjusted ... -
An Estimate of Unidentified and Total U.S. Coronavirus Cases by State on April 21, 2020
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-04-23)I use data on cumulative tests, positive tests, and deaths for the coronavirus in South Korea and the U.S. lower-48 states during April 2020 to estimate the extent of infection and the unidentified share of the infected ... -
The Effect of Temperature on the Spread of the Coronavirus in the U.S.
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-04-11)I investigate whether the cross-sectional data on cumulative (symptomatic) cases of coronavirus in the 48 contiguous states of the U.S. at the end of March 2020 provide any evidence that the rate of transmission of the ... -
Decent work and healthy employment: a qualitative case study about Colombian millennials
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-04-04)The purpose of this paper is to show how a group of Colombian millennials perceive different aspects of working life and how their ideas about job satisfaction, professional expectations, and levels of autonomy are related ... -
The Deterrent Effect of Surveillance Cameras on Crime
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-03-20)From the US to Colombia to China, millions of public surveillance cameras are at the core of crime prevention strategies. Yet, we know little about the effects of surveillance cameras on criminal behavior, especially in ... -
Unconventional Monetary Policy and Inflation in the U.S.: How Much Inflation was Missing?
(Universidad EAFIT; Escuela de Economía y Finanzas, 2020-03-12)The U.S. inflation rate for the period 2008-2016 was abnormally low despite the execution of a high expansive monetary policy, which has been called “the missing inflation paradox”. In this paper we estimate the missing ...
