Estudios de Economía  

Ross Levine

In spite of the recent theoretical and empirical work that suggests that financial systems exert a first-order, causal impact on economic growth, economists are still not very able of providing policy makers with detailed blueprints of how to create growt... see more

José De Gregorio

This paper analyzes the relationship between international financial integration and economic growth. Recent literature, surveyed in this paper, emphasizes the role of financial deepening on economic growth. Less attention has been paid, however, to the r... see more

Gustavo Crespi, Jorge Katz

This research submits evidence on the nature of the accumulation of knowledge in Chilean manufacturing industry. Microeconomic data shows that factors which are both firm and the industry specific are relevant to the decisions to invest in innovation. Amo... see more

Jorge Streb

An incumbent's drive for reelection can lead to political budget cycles. The distortion cycles cause in economic policy may be offset by the information they indirectly provide about the incumbent's competency. The informative content of cycles depends on... see more

Victor Elías

This paper studies the convergence in output per capita in 7 Latin American Economies, during the period 1960-1995, breaking it down on its two main determinants: total input and total factor productivity. Total input is in turn broken down in two inputs ... see more