Browsing LACEA 2014 Papers by Issue Date

Now showing items 1-20 of 188

Finance and Development: On The Causal Effect of Access to Credit on Productivity

Vaz, Paulo Henrique; Cavalcanti, Tiago (2018-02-20)

In this paper, we use firm-level data to assess the causal effect of better credit conditions for long-term investment on firms’ productivity. A reform in Brazil’s major development bank decreased the borrowing rates and ...
Aggregate Fluctuations and the Industry Structure of the US Economy

Caunedo, Julieta (2018-02-20)

Reallocation of inputs in production and substitution across them, are mechanisms through which the economy adjusts to changes in relative efficiency in production across sectors. When input productivity moves along relative ...
Agricultural Diversification and Economic Development: Evidence from U.S. History

Fiszbein, Martin (2018-02-20)

Theories concerning the relationship between economic diversification and growth generate contrasting implications, while empirical studies have been unable to provide conclusive evidence. This paper examines the role of ...
An Empirical Analysis of Affirmative Action Without Quotas

Estevan, Fernanda; Gall, Thomas; Morin, Louis-Philippe (2018-02-21)

We investigate whether the pool of applicants and admitted students at UNICAMP, a large Brazilian university, changed significantly following the instauration of an affirmative action policy based on awarding bonus points ...
Beliefs in Market Economy and Macroeconomic Crises while Young

Droller, Federico (2018-02-21)

This paper analyzes how past economic history shapes individual beliefs in market economies. Evidence from a cross section of countries in Latin America indicates that economic crises suffered during early adulthood ...
Can arts-based interventions enhance labor market outcomes among youth? Evidence from a randomized trial in Rio de Janeiro

Calero, Carla; Gonzales, Veronica; Soares, Yuri; Kluve, Jochen; Corseuil, Carlos Henrique (2018-02-21)

This paper provides findings of a small-scale, innovative labor training program that uses expressive arts and theatre as a pedagogical tool. The corresponding life skills training component is combined with a technical ...
Estimating the Returns of Attending a Selective University on Earnings using Regression Discontinuity with Multiple Admission Cutoffs

Bordon, Paola (2018-02-21)

The aim of this paper is to estimate the effect attending a selective university has on earnings. I show that using the admission cutoffs of two related majors offered by selective universities is enough to identify the ...
Asymmetric Information, Endogenous Leverage and Asset Prices

Leon-Diaz, John J. (2018-02-21)

This paper stresses the importance of asymmetric information in shaping the relation between asset prices and leverage. When qualities of capital are private information and only existing capital can be used as collateral, ...
Capital controls in Brazil: Effective?

Chamon, Marcos; Garcia, Márcio (2018-02-21)

In the aftermath of the 2008 crisis, capital poured in emerging markets, enticing many different responses. No emerging market experimented as actively with capital controls as Brazil did during that period. We analyze the ...
The Autonomy of Banking Subsidiaries: Latin America vs. Central and Eastern Europe

Caballero, Julian; Powell, Andrew; Schüler, Yves S. (2018-02-21)

Do international banks with decentralized corporate governance and autonomous subsidiaries combine the advantages of a global entity and minimize the risks of transmitting shocks? We employ a Structural-VAR to shed light ...
Is business saving really none of our business?

Bebczuk, Ricardo; Cavallo, Eduardo (2018-02-21)

This paper investigates the relevance of business saving for private saving and investment around the world by constructing and exploiting a broad international, unbalanced panel of 64 countries over 1990-2012. We show ...
Benchmarking Structural Transformation Across the World

Dabla-Norris, Era; Thomas, Alun; Garcia-Verdu, Rodrigo; Chen, Yingyuan (2018-02-21)

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, ...
Benford law and audit of public works: an analysis of overprincing in Maracanã soccer arena’s renovation

Ceccato Rodrigues da Cunha, Flávia; Soares Bugarin, Maurício (2018-02-21)

The analysis of prices in audits of public works takes several weeks of the auditor's work, because budget worksheets are often long and difficult to analyze. Newcomb-Benford Law (NB Law) is a tool for data mining that can ...
Binding Constraints: Does Firm Size Matter?

Vargas, Jose P. Mauricio (2018-02-21)

As emphasized by Hausman, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization. This paper draws on firm-level data from the World Bank Enterprise Survey (ES), which suggests that the obstacles ...
Sovereign CDS and Bond Pricing Dynamics in the Euro-area

Palladini, Giorgia; Portes, Richard (2018-02-21)

This analysis tests the price discovery relationship between sovereign CDS premia and bond yield spreads on the same reference entity. The theoretical no-arbitrage relationship between the two credit spreads is confronted ...
Assessing Environmental Impacts of Genetically Modified Seeds in Brazilian Agriculture

Seixas, Renato; Silveira, José Maria (2018-02-21)

We investigate the environmental effects due to pesticides for two different genetically modified (GM) seeds: insect resistant (IR) cotton and herbicide tolerant (HT) soybeans. Using an agricultural production model of a ...
Business training plus for female entrepreneurship? Short and Medium-term evidence from a field experiment in Peru

Valdivia, Martín (2018-02-21)

This study evaluates the impacts of a business development services program serving female microentrepreneurs in Lima using an experimental design, that included two treatment groups: One received only general training ...
Capital Account Restrictions and the Cost of Debt Capital for Private Firms

Andreasen, Eugenia; Valenzuela, Patricio (2018-02-21)

Using a novel panel data set on international corporate bonds and capital account restrictions in advanced and emerging economies, we find that restrictions on capital inflows produce a significant increase of corporate ...
Amazon Monitoring and Deforestation Slowdown: The Priority Municipalities

Rocha, Romero; Assunção, Juliano (2018-02-21)

This paper measures the impact of the Priority Municipalities, a policy that increases monitoring on municipalities listed, on Brazilian Amazon deforestation. This policy, theoretically, applies a cost to bad environmental ...
Agricultural Productivity and Structural Transformation. Evidence from Brazil

Bustos, Paula; Caprettini, Bruno; Ponticelli, Jacopo (2018-02-21)

We study the effects of the adoption of new agricultural technologies on structural transformation. To guide empirical work, we present a simple model where the effect of agricultural productivity on industrial development ...

Browsing LACEA 2014 Papers by Issue Date

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