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Refinar búsquedaResearch Network Working Paper, 450. Credit, financial liberalization and manufacturing investment in Colombia / María Angélica Arbelaez
Título de serie: Research Network Working Paper, 450 Título : Credit, financial liberalization and manufacturing investment in Colombia Tipo de documento: texto impreso Autores: María Angélica Arbelaez ; Juan José Echavarría Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 59 p Idioma : Inglés Temas: ASPECTOS FINANCIEROS
BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
CREDITO
INVERSIONES
PRODUCTOS MANUFACTURADOSClasificación: 338.9 Resumen: This paper evaluates the degree to which Colombian firms face credit restrictions that alter their investment decisions. It analyzes whether the evolution of the financial sector during the 1990s, characterized by an intense financial liberalization, an increase in size and a deepening of the activity, reduced the credit restrictions faced by firms and stimulated investment. The paper also explores whether, on the contrary, financial restrictions intensified during the recent 1998-2000 crisis. The paper provides empirical evidence suggesting that Colombian firms are indeed restricted by external resources and are compelled to resort to internal resources. The paper demonstrates that financial liberalization and the greater credit availability reduced such restrictions, and that the financial crisis had a strong and negative effect on investment and its financing. It compares the behavior of different groups of firms: (i) firms belonging to conglomerates vs. non-conglomerates, and (ii) firms with direct foreign investment vs. domestic firms. It shows that both groups face fewer financial restrictions and that they benefited less from financial liberalization. Finally, the paper evaluates the effects of indebtedness; the results suggest firms acquire debt before investing and/or that the acquired debt in the past serves as a sign of good credit history for the acquisition of new resources. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72991 Research Network Working Paper, 450. Credit, financial liberalization and manufacturing investment in Colombia [texto impreso] / María Angélica Arbelaez ; Juan José Echavarría . - Washington : Banco Interamericano de Desarrollo, 2002 . - 59 p.
Idioma : Inglés
Temas: ASPECTOS FINANCIEROS
BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
CREDITO
INVERSIONES
PRODUCTOS MANUFACTURADOSClasificación: 338.9 Resumen: This paper evaluates the degree to which Colombian firms face credit restrictions that alter their investment decisions. It analyzes whether the evolution of the financial sector during the 1990s, characterized by an intense financial liberalization, an increase in size and a deepening of the activity, reduced the credit restrictions faced by firms and stimulated investment. The paper also explores whether, on the contrary, financial restrictions intensified during the recent 1998-2000 crisis. The paper provides empirical evidence suggesting that Colombian firms are indeed restricted by external resources and are compelled to resort to internal resources. The paper demonstrates that financial liberalization and the greater credit availability reduced such restrictions, and that the financial crisis had a strong and negative effect on investment and its financing. It compares the behavior of different groups of firms: (i) firms belonging to conglomerates vs. non-conglomerates, and (ii) firms with direct foreign investment vs. domestic firms. It shows that both groups face fewer financial restrictions and that they benefited less from financial liberalization. Finally, the paper evaluates the effects of indebtedness; the results suggest firms acquire debt before investing and/or that the acquired debt in the past serves as a sign of good credit history for the acquisition of new resources. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72991 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038382 338.9 RES v.450 Libro Colección Biblioteca Central Disponible 038404 338.9 RES v.450 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 464. Unions and the economic performanceof Brazilian establishments / Naercio Menezes Filho
Título de serie: Research Network Working Paper, 464 Título : Unions and the economic performanceof Brazilian establishments Tipo de documento: texto impreso Autores: Naercio Menezes Filho ; Helio Zylberstajn ; Jose Paulo Chahad ; Elaine Pazello Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 32 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
DESARROLLO ECONOMICO
SINDICATOSClasificación: 338.9 Resumen: Using a pooled sample, this paper indicates that unions seem to affect the economic performance of Brazilian establishments, especially in terms of profitability, employment and productivity. Unions tend to reduce profitability, whereas the relationship between union density and productivity, employment and average wages seems to be concave. These performance indicators first rise with union density up to a certain density level (usually about 50 percent) and then start to decline. These results indicate that some unionism may be good for the plants' economic performance, although too much unionism may start having negative effects. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788090 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73004 Research Network Working Paper, 464. Unions and the economic performanceof Brazilian establishments [texto impreso] / Naercio Menezes Filho ; Helio Zylberstajn ; Jose Paulo Chahad ; Elaine Pazello . - Washington : Banco Interamericano de Desarrollo, 2002 . - 32 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
DESARROLLO ECONOMICO
SINDICATOSClasificación: 338.9 Resumen: Using a pooled sample, this paper indicates that unions seem to affect the economic performance of Brazilian establishments, especially in terms of profitability, employment and productivity. Unions tend to reduce profitability, whereas the relationship between union density and productivity, employment and average wages seems to be concave. These performance indicators first rise with union density up to a certain density level (usually about 50 percent) and then start to decline. These results indicate that some unionism may be good for the plants' economic performance, although too much unionism may start having negative effects. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788090 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73004 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038393 338.9 RES v.464 Libro Colección Biblioteca Central Disponible 038400 338.9 RES v.464 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 460. Access to long term debt and effects on firms' performance / Fidel Jaramillo
Título de serie: Research Network Working Paper, 460 Título : Access to long term debt and effects on firms' performance : lessons from Ecuador Tipo de documento: texto impreso Autores: Fidel Jaramillo ; Fabio Schiantarelli Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 35 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUADOR
INVERSIONESClasificación: 338.9 Resumen: This paper documents the maturity structure of firms' debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt. Finally, we provide evidence on the impact of the maturity structure of debt on firms' performance, in particular on productivity and capital accumulation. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788086 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73005 Research Network Working Paper, 460. Access to long term debt and effects on firms' performance : lessons from Ecuador [texto impreso] / Fidel Jaramillo ; Fabio Schiantarelli . - Washington : Banco Interamericano de Desarrollo, 2002 . - 35 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUADOR
INVERSIONESClasificación: 338.9 Resumen: This paper documents the maturity structure of firms' debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt. Finally, we provide evidence on the impact of the maturity structure of debt on firms' performance, in particular on productivity and capital accumulation. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788086 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73005 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038394 338.9 RES v.460 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 463. The economic effects of unions in Latin America / M. Victoria Murillo
Título de serie: Research Network Working Paper, 463 Título : The economic effects of unions in Latin America : teachers' unions and education in Argentina Tipo de documento: texto impreso Autores: M. Victoria Murillo ; Mariano Tommasi ; Lucas Ronconi ; Juan Sanguinetti Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 51 p Idioma : Inglés Temas: AMERICA LATINA
ARGENTINA
ASPECTOS ECONOMICOS
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
FORMACION DOCENTE
SINDICATOSClasificación: 338.9 Resumen: This paper considers the effects of trade unions on the education sector in Argentina. We have provided a substantial amount of new information and we have found useful preliminary results on some of the channels of union influence on the performance of this crucial sector. We find that those provinces where teacher unionism is fragmented, where union density is higher and where political relations with the governor are more conflictual, have more strikes (fewer class days). Based on estimates of education production functions both in this paper and elsewhere, we expect this to translate into lower student performance. We then find a number of weak conclusions related to the impact that unions have on several variables that affect students’ performance (i.e., teachers’ tenure, job satisfaction, class size, education budget and teachers’ salaries). Reviewing these results, we conclude that the impact of unions on students’ performance depends on the channel and kind of political market where unions operate, but not on the existence of unions per se. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788089 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73006 Research Network Working Paper, 463. The economic effects of unions in Latin America : teachers' unions and education in Argentina [texto impreso] / M. Victoria Murillo ; Mariano Tommasi ; Lucas Ronconi ; Juan Sanguinetti . - Washington : Banco Interamericano de Desarrollo, 2002 . - 51 p.
Idioma : Inglés
Temas: AMERICA LATINA
ARGENTINA
ASPECTOS ECONOMICOS
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
FORMACION DOCENTE
SINDICATOSClasificación: 338.9 Resumen: This paper considers the effects of trade unions on the education sector in Argentina. We have provided a substantial amount of new information and we have found useful preliminary results on some of the channels of union influence on the performance of this crucial sector. We find that those provinces where teacher unionism is fragmented, where union density is higher and where political relations with the governor are more conflictual, have more strikes (fewer class days). Based on estimates of education production functions both in this paper and elsewhere, we expect this to translate into lower student performance. We then find a number of weak conclusions related to the impact that unions have on several variables that affect students’ performance (i.e., teachers’ tenure, job satisfaction, class size, education budget and teachers’ salaries). Reviewing these results, we conclude that the impact of unions on students’ performance depends on the channel and kind of political market where unions operate, but not on the existence of unions per se. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788089 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73006 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038395 338.9 RES v.463 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 470. Adolescents in Latin America and the Caribbean / Naercio Menezes Filho
Título de serie: Research Network Working Paper, 470 Título : Adolescents in Latin America and the Caribbean : examining time allocation decisions with cross-country data Tipo de documento: texto impreso Autores: Naercio Menezes Filho ; Reynaldo Fernández ; Paulo Picchetti ; Ricardo Paes de Barros ; Carlos Henrique Corseuil ; Miguel Fogel ; Daniel Santos ; Simone Wajnman ; Maria Carolina Leme Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 49 p Idioma : Inglés Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
BRASIL
CARIBE
EMPLEO
JOVENES
TOMA DE DECISIONESClasificación: 338.9 Resumen: This paper uses micro data from a collection of household surveys conducted in 17 countries in Latin America and the Caribbean to examine the time allocation decisions of adolescents. We find that an econometric model with household and country-level variables, when applied simultaneously to all the countries in the sample, is able to predict quite well the choices among school, work, both or neither in most of the countries. Moreover, the household variables alone, especially parental education, go a long way towards predicting the rates of school attendance, which means that the stage of development, as measured by per capita GDP for example, impacts human capital accumulation mainly through the households’characteristics. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788096 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73008 Research Network Working Paper, 470. Adolescents in Latin America and the Caribbean : examining time allocation decisions with cross-country data [texto impreso] / Naercio Menezes Filho ; Reynaldo Fernández ; Paulo Picchetti ; Ricardo Paes de Barros ; Carlos Henrique Corseuil ; Miguel Fogel ; Daniel Santos ; Simone Wajnman ; Maria Carolina Leme . - Washington : Banco Interamericano de Desarrollo, 2002 . - 49 p.
Idioma : Inglés
Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
BRASIL
CARIBE
EMPLEO
JOVENES
TOMA DE DECISIONESClasificación: 338.9 Resumen: This paper uses micro data from a collection of household surveys conducted in 17 countries in Latin America and the Caribbean to examine the time allocation decisions of adolescents. We find that an econometric model with household and country-level variables, when applied simultaneously to all the countries in the sample, is able to predict quite well the choices among school, work, both or neither in most of the countries. Moreover, the household variables alone, especially parental education, go a long way towards predicting the rates of school attendance, which means that the stage of development, as measured by per capita GDP for example, impacts human capital accumulation mainly through the households’characteristics. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788096 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73008 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038396 338.9 RES v.470 Libro Colección Biblioteca Central Disponible 038397 338.9 RES v.470 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 442. Decentralization and bailouts in Colombia / Juan José Echavarría
Título de serie: Research Network Working Paper, 442 Título : Decentralization and bailouts in Colombia Tipo de documento: texto impreso Autores: Juan José Echavarría ; Carolina Renteria ; Roberto Steiner Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 67 p Idioma : Inglés Temas: ASPECTOS FINANCIEROS
ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
GOBIERNO LOCALClasificación: 338.9 Resumen: This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the basic features of the decentralization process in Colombia, including an analysis of revenue and expenditure assignments, the intergovernmental transfer system and recent developments in terms of territorial indebtedness. Specific case studies involve the determinants of three types of bailouts by the central government to territorial entities: the provision of soft loans to be used by departments to restructure their finances, the bailout of territorial entitities¿ education expenditures, and the Medellin Metro. The paper concludes with lessons learned and policy recommendations. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73009 Research Network Working Paper, 442. Decentralization and bailouts in Colombia [texto impreso] / Juan José Echavarría ; Carolina Renteria ; Roberto Steiner . - Washington : Banco Interamericano de Desarrollo, 2002 . - 67 p.
Idioma : Inglés
Temas: ASPECTOS FINANCIEROS
ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
GOBIERNO LOCALClasificación: 338.9 Resumen: This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the basic features of the decentralization process in Colombia, including an analysis of revenue and expenditure assignments, the intergovernmental transfer system and recent developments in terms of territorial indebtedness. Specific case studies involve the determinants of three types of bailouts by the central government to territorial entities: the provision of soft loans to be used by departments to restructure their finances, the bailout of territorial entitities¿ education expenditures, and the Medellin Metro. The paper concludes with lessons learned and policy recommendations. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73009 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038398 338.9 RES v.442 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 451. Internal capital markets and financing choices of Mexican firms before and during the financial paralysis of 1995-2000 / Gonzalo Castañeda
Título de serie: Research Network Working Paper, 451 Título : Internal capital markets and financing choices of Mexican firms before and during the financial paralysis of 1995-2000 Tipo de documento: texto impreso Autores: Gonzalo Castañeda Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 44 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
CRISIS FINANCIERA
EMPRESAS
FINANCIACION
MERCADOS DE CAPITAL
MEXICO
SIGLO XXClasificación: 338.9 Resumen: This paper shows that, contrary to conventional wisdom, once the Mexican economy moved from financial liberalization to financial paralysis in 1995, liquidity constraints were relaxed for many large and financially healthy firms listed on the Mexican Securities Market. In the latter period, only those firms with a banking tie observe, on average, a dependence on cash stock to finance their investment projects. Econometric results are derived from dynamic panel data models estimated with the Generalized Method of Moments, where level and difference equations are combined into a system. The econometric evidence is consistent with the real growth of the Mexican economy during the years 1996-2000, which took place in a context of a collapsed banking system and the paralysis of other domestic forms of external financing. This paper also provides evidence supporting the hypothesis that firms’ membership in a network and firms’ linkage to a bank produced weaker financial constraints before the banking crisis. However, additional research is needed to formally test the importance of the different sources of financing since 1995; suppliers’ credit, foreign funding and internal capital markets are viable candidates for further study. Finally, the paper provides an intuitive rationalization of the Mexican paradox based on the business groups’ structure and their internal capital markets. It is argued that under a macroeconomic setting characterized by disarray in the domestic financial system, firms affiliated with business groups have more incentives to act coordinately rather than performing as autonomous profit centers. Consequently, in this new scenario, corporate headquarters are more interested in removing financial bottlenecks than in exerting market pressure on their divisions. In this environment, groups are capable of reallocating financial resources away from booming, export-oriented affiliates—the most likely to have access to foreign capital markets—and into cash-constrained firms within the same group. In other words, according to this theory, it is suggested that the presence of internal capital markets worked as a financial buffer that helped sustain economic growth. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=774908 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73011 Research Network Working Paper, 451. Internal capital markets and financing choices of Mexican firms before and during the financial paralysis of 1995-2000 [texto impreso] / Gonzalo Castañeda . - Washington : Banco Interamericano de Desarrollo, 2002 . - 44 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
CRISIS FINANCIERA
EMPRESAS
FINANCIACION
MERCADOS DE CAPITAL
MEXICO
SIGLO XXClasificación: 338.9 Resumen: This paper shows that, contrary to conventional wisdom, once the Mexican economy moved from financial liberalization to financial paralysis in 1995, liquidity constraints were relaxed for many large and financially healthy firms listed on the Mexican Securities Market. In the latter period, only those firms with a banking tie observe, on average, a dependence on cash stock to finance their investment projects. Econometric results are derived from dynamic panel data models estimated with the Generalized Method of Moments, where level and difference equations are combined into a system. The econometric evidence is consistent with the real growth of the Mexican economy during the years 1996-2000, which took place in a context of a collapsed banking system and the paralysis of other domestic forms of external financing. This paper also provides evidence supporting the hypothesis that firms’ membership in a network and firms’ linkage to a bank produced weaker financial constraints before the banking crisis. However, additional research is needed to formally test the importance of the different sources of financing since 1995; suppliers’ credit, foreign funding and internal capital markets are viable candidates for further study. Finally, the paper provides an intuitive rationalization of the Mexican paradox based on the business groups’ structure and their internal capital markets. It is argued that under a macroeconomic setting characterized by disarray in the domestic financial system, firms affiliated with business groups have more incentives to act coordinately rather than performing as autonomous profit centers. Consequently, in this new scenario, corporate headquarters are more interested in removing financial bottlenecks than in exerting market pressure on their divisions. In this environment, groups are capable of reallocating financial resources away from booming, export-oriented affiliates—the most likely to have access to foreign capital markets—and into cash-constrained firms within the same group. In other words, according to this theory, it is suggested that the presence of internal capital markets worked as a financial buffer that helped sustain economic growth. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=774908 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73011 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038399 338.9 RES v.451 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 465. Union density changes and union effects On firm performance in Peru / Jaime Saavedra
Título de serie: Research Network Working Paper, 465 Título : Union density changes and union effects On firm performance in Peru Tipo de documento: texto impreso Autores: Jaime Saavedra ; Máximo Torero Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 41 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
EMPRESAS
MODELOS ECONOMICOS
PERU
SINDICATOSClasificación: 338.9 Resumen: The paper documents the sharp reduction in union density in Peru between 1986 and 1998, in a context of large macroeconomic fluctuations, structural reforms and changes in the Collective Bargaining Law in 1993. Using a pseudo panel of household surveys we find which worker and firm characteristics increase the likelihood of unionization in a context in which union density falls sharply. We find that a blue-collar job, a permanent contract, higher education and working in a large firm increase the likelihood of unionization, but only before the legislative change. There is evidence of a breakpoint in the reduction of union density probably related to the 1993 change in the Collective Bargaining Law. Most of the reduction in union density can be explained by within- categories decreases in union density. However, there is a small contribution stemming from the reduction in employment in the highly unionized public sector and from the increase in employment in low union density temporary and small firm employment. Using a panel of firms for the manufacturing sector for the period 1994-1996, we find a negative impact of unions on profits for all firm sizes. Within unionized firms profits are lower the higher the union density within the firm. In the econometric analysis, we find a significant negative effect even after controlling for firm and sector characteristics and firm fixed effects. There is some evidence that this effect diminishes over time, consistent with the reduction in union density during that period, but the reduction is not robust to different specifications. This impact of unions on profits is also negative and significant when we use within-firm union density. Labor productivity is negatively related to having a union in the firm, but the negative effect disappears once we control for firm characteristics. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788091 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73012 Research Network Working Paper, 465. Union density changes and union effects On firm performance in Peru [texto impreso] / Jaime Saavedra ; Máximo Torero . - Washington : Banco Interamericano de Desarrollo, 2002 . - 41 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
EMPRESAS
MODELOS ECONOMICOS
PERU
SINDICATOSClasificación: 338.9 Resumen: The paper documents the sharp reduction in union density in Peru between 1986 and 1998, in a context of large macroeconomic fluctuations, structural reforms and changes in the Collective Bargaining Law in 1993. Using a pseudo panel of household surveys we find which worker and firm characteristics increase the likelihood of unionization in a context in which union density falls sharply. We find that a blue-collar job, a permanent contract, higher education and working in a large firm increase the likelihood of unionization, but only before the legislative change. There is evidence of a breakpoint in the reduction of union density probably related to the 1993 change in the Collective Bargaining Law. Most of the reduction in union density can be explained by within- categories decreases in union density. However, there is a small contribution stemming from the reduction in employment in the highly unionized public sector and from the increase in employment in low union density temporary and small firm employment. Using a panel of firms for the manufacturing sector for the period 1994-1996, we find a negative impact of unions on profits for all firm sizes. Within unionized firms profits are lower the higher the union density within the firm. In the econometric analysis, we find a significant negative effect even after controlling for firm and sector characteristics and firm fixed effects. There is some evidence that this effect diminishes over time, consistent with the reduction in union density during that period, but the reduction is not robust to different specifications. This impact of unions on profits is also negative and significant when we use within-firm union density. Labor productivity is negatively related to having a union in the firm, but the negative effect disappears once we control for firm characteristics. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788091 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73012 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038401 338.9 RES v.465 Libro Colección Biblioteca Central Disponible 038403 338.9 RES v.465 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 468. Adolescents and young adults in Latin America, critical decisions at a critical age / Josefina Bruni Celli
Título de serie: Research Network Working Paper, 468 Título : Adolescents and young adults in Latin America, critical decisions at a critical age : young adult labor market experience Tipo de documento: texto impreso Autores: Josefina Bruni Celli ; Richard Obuchi Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 55 p Idioma : Inglés Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
EMPLEOClasificación: 338.9 Resumen: This study explores and analyzes the labor market experience of young adults in 18 Latin American countries. For men, the period of young adulthood (18-25 years of age) was found to be one of smooth convergence towards patterns associated with full adulthood. Females show more complex and less clear-cut trajectories, which seem to be affected by entrance into motherhood. Educational attainment shapes the labor market experience of young adults, regardless of gender: the more educated postpone entry into the market, and more educated women display higher participation rates as they reach late young adulthood. Also, during young adulthood, the more educated display higher unemployment rates, possibly because they are newer in the market, but their rate of participation in the informal sector of the economy is lower. Female labor market experience was found to be affected by motherhood. In many countries women with lower levels of education leave the labor market during young adulthood, while women with higher levels of education postpone such exits and are also less likely to leave. Finally, young Latin American adults with college education were found to experience rapid labor market absorption, featuring swift entry into the formal sector, high participation rates and low and rapidly decreasing unemployment rates. Earnings equations show that education, experience and gender have significant and positive effects on the earnings of young adults. In general, returns from education increase with age and educational level, with the sharpest marginal change occurring in early young adulthood. Return for education and experience of young adults tend to be close to those obtained by prime age adults, although in the case of experience the returns obtained by young adults tend to be larger. In general, formal education has a consistently larger effect than experience. Although the previous findings hold for young adults in almost all countries included in the study, it is important to note that the individual countries results show large variation in the levels of all coefficients (education, experience and gender) and among age groups. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788094 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73015 Research Network Working Paper, 468. Adolescents and young adults in Latin America, critical decisions at a critical age : young adult labor market experience [texto impreso] / Josefina Bruni Celli ; Richard Obuchi . - Washington : Banco Interamericano de Desarrollo, 2002 . - 55 p.
Idioma : Inglés
Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
EMPLEOClasificación: 338.9 Resumen: This study explores and analyzes the labor market experience of young adults in 18 Latin American countries. For men, the period of young adulthood (18-25 years of age) was found to be one of smooth convergence towards patterns associated with full adulthood. Females show more complex and less clear-cut trajectories, which seem to be affected by entrance into motherhood. Educational attainment shapes the labor market experience of young adults, regardless of gender: the more educated postpone entry into the market, and more educated women display higher participation rates as they reach late young adulthood. Also, during young adulthood, the more educated display higher unemployment rates, possibly because they are newer in the market, but their rate of participation in the informal sector of the economy is lower. Female labor market experience was found to be affected by motherhood. In many countries women with lower levels of education leave the labor market during young adulthood, while women with higher levels of education postpone such exits and are also less likely to leave. Finally, young Latin American adults with college education were found to experience rapid labor market absorption, featuring swift entry into the formal sector, high participation rates and low and rapidly decreasing unemployment rates. Earnings equations show that education, experience and gender have significant and positive effects on the earnings of young adults. In general, returns from education increase with age and educational level, with the sharpest marginal change occurring in early young adulthood. Return for education and experience of young adults tend to be close to those obtained by prime age adults, although in the case of experience the returns obtained by young adults tend to be larger. In general, formal education has a consistently larger effect than experience. Although the previous findings hold for young adults in almost all countries included in the study, it is important to note that the individual countries results show large variation in the levels of all coefficients (education, experience and gender) and among age groups. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788094 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73015 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038402 338.9 RES v.468 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 469 Título : Working and studying in rural Latin America : critical decisions of adolescence Tipo de documento: texto impreso Autores: Lorena Alcazar ; Silvio Rendon ; Erik Wachtenheim Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 43 p Idioma : Inglés Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
EMPLEO
TRABAJO
ZONA RURALClasificación: 338.9 Resumen: This paper evaluates the determinants of school attendance and work of rural adolescents between 10 and 18 years old in 1997-1998 for a sample of Latin American countries. Rural adolescents are quite disadvantaged relative to their urban counterparts. The share of rural adolescents studying while concurrently working part-time is significantly higher, household income is significantly lower, “supply-side” issues are an important factor in rural non-attendance, and to the extent that the educational attainment of the parents creates inter-generational persistence we find that rural youth are starting from a disadvantaged position. We present some statistical analysis that highlights these problems and also perform bivariate binary estimation to identify the determinants of these decisions. We find that for most countries critical determinants for making these choices are household income and parental education as well as household composition. Further, we find that there is evidence of a significant “trade-off” between working and studying. Finally, inter-generational factors allow for both a virtuous cycle and a vicious cycle. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788095 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73024 Research Network Working Paper, 469. Working and studying in rural Latin America : critical decisions of adolescence [texto impreso] / Lorena Alcazar ; Silvio Rendon ; Erik Wachtenheim . - Washington : Banco Interamericano de Desarrollo, 2002 . - 43 p.
Idioma : Inglés
Temas: ADOLESCENTES
AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
EMPLEO
TRABAJO
ZONA RURALClasificación: 338.9 Resumen: This paper evaluates the determinants of school attendance and work of rural adolescents between 10 and 18 years old in 1997-1998 for a sample of Latin American countries. Rural adolescents are quite disadvantaged relative to their urban counterparts. The share of rural adolescents studying while concurrently working part-time is significantly higher, household income is significantly lower, “supply-side” issues are an important factor in rural non-attendance, and to the extent that the educational attainment of the parents creates inter-generational persistence we find that rural youth are starting from a disadvantaged position. We present some statistical analysis that highlights these problems and also perform bivariate binary estimation to identify the determinants of these decisions. We find that for most countries critical determinants for making these choices are household income and parental education as well as household composition. Further, we find that there is evidence of a significant “trade-off” between working and studying. Finally, inter-generational factors allow for both a virtuous cycle and a vicious cycle. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788095 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73024 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038405 338.9 RES v.469 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 462. Investment equations and financial restrictions at firm level / Julio De Brun
Título de serie: Research Network Working Paper, 462 Título : Investment equations and financial restrictions at firm level : the case of Uruguay Tipo de documento: texto impreso Autores: Julio De Brun ; Néstor Gandelman ; Eduardo Barbieri Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 42 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUACIONES
EMPRESAS
FINANZAS
INVERSIONES
URUGUAYClasificación: 338.9 Resumen: Three alternative specifications of an investment equation have been tested using panel data of Uruguayan firms: a traditional accelerator model of investment, an error-correction version of the accelerator model and an Euler equation for the capital stock. These models of investment were used to test for the existence of financial constraints in the investment decision process. Our estimates confirm the existence of financial restrictions on investment decisions of Uruguayan firms in the period under consideration (1997-2000). We explored the effect on firms’ ability to finance investment of two attributes: size and foreign ownership. Regarding size, our results suggest that small firms face greater constraints in financing their desired levels of investment. We also explored whether foreign owned firms suffered less from financial restrictions than national firms. Our results leave the issue unresolved. Lastly, our estimates suggest a general increase in the severity of financial restrictions following the 1999-2000 crisis. In particular, smaller firms were most affected. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788088 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73025 Research Network Working Paper, 462. Investment equations and financial restrictions at firm level : the case of Uruguay [texto impreso] / Julio De Brun ; Néstor Gandelman ; Eduardo Barbieri . - Washington : Banco Interamericano de Desarrollo, 2002 . - 42 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUACIONES
EMPRESAS
FINANZAS
INVERSIONES
URUGUAYClasificación: 338.9 Resumen: Three alternative specifications of an investment equation have been tested using panel data of Uruguayan firms: a traditional accelerator model of investment, an error-correction version of the accelerator model and an Euler equation for the capital stock. These models of investment were used to test for the existence of financial constraints in the investment decision process. Our estimates confirm the existence of financial restrictions on investment decisions of Uruguayan firms in the period under consideration (1997-2000). We explored the effect on firms’ ability to finance investment of two attributes: size and foreign ownership. Regarding size, our results suggest that small firms face greater constraints in financing their desired levels of investment. We also explored whether foreign owned firms suffered less from financial restrictions than national firms. Our results leave the issue unresolved. Lastly, our estimates suggest a general increase in the severity of financial restrictions following the 1999-2000 crisis. In particular, smaller firms were most affected. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788088 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73025 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038406 338.9 RES v.462 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 407. Labor market policies and employment duration / Hugo A. Hopenhayn
Título de serie: Research Network Working Paper, 407 Título : Labor market policies and employment duration : the effects of labor market reform in Argentina Tipo de documento: texto impreso Autores: Hugo A. Hopenhayn Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 26 p Idioma : Inglés Temas: ARGENTINA
BANCO INTERAMERICANO DE DESARROLLO
EMPLEO
MERCADO DE TRABAJO
POLITICA
POLITICA LABORAL
REFORMAClasificación: 338.9 Resumen: Over the last few years, the debate on labor market reform has been at the center of economic policy debate in Argentina. This debate has been fueled by the sustained growth in the unemployment rate observed during the decade. One of the major targets of the attack on labor market regulation has been high dismissal costs. Attempts to reduce dismissal costs for all existing jobs have faced strong opposition. As a compromise, and to stimulate job creation, employment promotion contracts for new jobs were introduced in 1995. These contracts are limited to a fixed term ranging from three months to two years. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788035 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73026 Research Network Working Paper, 407. Labor market policies and employment duration : the effects of labor market reform in Argentina [texto impreso] / Hugo A. Hopenhayn . - Washington : Banco Interamericano de Desarrollo, 2001 . - 26 p.
Idioma : Inglés
Temas: ARGENTINA
BANCO INTERAMERICANO DE DESARROLLO
EMPLEO
MERCADO DE TRABAJO
POLITICA
POLITICA LABORAL
REFORMAClasificación: 338.9 Resumen: Over the last few years, the debate on labor market reform has been at the center of economic policy debate in Argentina. This debate has been fueled by the sustained growth in the unemployment rate observed during the decade. One of the major targets of the attack on labor market regulation has been high dismissal costs. Attempts to reduce dismissal costs for all existing jobs have faced strong opposition. As a compromise, and to stimulate job creation, employment promotion contracts for new jobs were introduced in 1995. These contracts are limited to a fixed term ranging from three months to two years. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788035 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73026 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038407 338.9 RES v.407 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 431. Where to from here?. Generating capabilities and creating opportunities for the poor / Miguel Szekely
Título de serie: Research Network Working Paper, 431 Título : Where to from here?. Generating capabilities and creating opportunities for the poor Tipo de documento: texto impreso Autores: Miguel Szekely Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 30 p Idioma : Inglés Temas: AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
POBREZAClasificación: 338.9 Resumen: Poverty is present in all modern societies. Even in the richest countries in the world, few would disagree that some individuals have unacceptably low living standards.[1] How to address this problem, however, is still unclear. Recently, an old debate has been revived: is the solution to achieve economic growth, or should governments actively pursue poverty reduction policies? There are basically two opposing views. One states that the income of the poor grows one for one with economic growth; therefore, policies that guarantee growth implicitly contribute to poverty reduction, and the justification for additional social policies is unclear.[2] The other view is that the incomes of the poor grow less than one for one with average income.[3] [1] If one uses a definition of poverty of 2-dollars-a-day, the proportion of poor in most developed countries turns out to be very small (around 2% of the total population). But this type of definition, which might be appropriate for developing countries, is meaningless in the context of rich countries. In the developed world, the poverty line is usually relative to the standard of living of each population. These definitions always yield poverty rates well over the absolute poverty levels. [2] Some examples are Dollar and Kraay (2000), Gallup et al. (1999), and Roemer and Gugerty (1997). [3] See for instance, Bourguignon (2001), Birdsall and De la Torre (2001) and Foster and Székely (2001). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788059 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73027 Research Network Working Paper, 431. Where to from here?. Generating capabilities and creating opportunities for the poor [texto impreso] / Miguel Szekely . - Washington : Banco Interamericano de Desarrollo, 2001 . - 30 p.
Idioma : Inglés
Temas: AMERICA LATINA
BANCO INTERAMERICANO DE DESARROLLO
POBREZAClasificación: 338.9 Resumen: Poverty is present in all modern societies. Even in the richest countries in the world, few would disagree that some individuals have unacceptably low living standards.[1] How to address this problem, however, is still unclear. Recently, an old debate has been revived: is the solution to achieve economic growth, or should governments actively pursue poverty reduction policies? There are basically two opposing views. One states that the income of the poor grows one for one with economic growth; therefore, policies that guarantee growth implicitly contribute to poverty reduction, and the justification for additional social policies is unclear.[2] The other view is that the incomes of the poor grow less than one for one with average income.[3] [1] If one uses a definition of poverty of 2-dollars-a-day, the proportion of poor in most developed countries turns out to be very small (around 2% of the total population). But this type of definition, which might be appropriate for developing countries, is meaningless in the context of rich countries. In the developed world, the poverty line is usually relative to the standard of living of each population. These definitions always yield poverty rates well over the absolute poverty levels. [2] Some examples are Dollar and Kraay (2000), Gallup et al. (1999), and Roemer and Gugerty (1997). [3] See for instance, Bourguignon (2001), Birdsall and De la Torre (2001) and Foster and Székely (2001). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788059 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73027 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038408 338.9 RES v.431 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 424. The structure of public sector debt in Brazil / Afonso S. Bevilaqua
Título de serie: Research Network Working Paper, 424 Título : The structure of public sector debt in Brazil Tipo de documento: texto impreso Autores: Afonso S. Bevilaqua ; Dionísio Dias Carneiro ; Márcio Gomes Pinto García ; Rogério Furquim Ladeira Werneck Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 71 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
CONDICIONES ECONOMICAS
DEUDA PUBLICA
SECTOR PUBLICOClasificación: 338.9 Resumen: The literature on the end of remarkable inflationary processes (Bresciani-Turroni, 1937; Sargent, 1986) calls our attention to one of the favorable aspects of hyperinflations: the fact that high inflation destroys old debts. Because of the central role fiscal deficits play in chronic inflation, the alleviation of the debt burden helps stabilization, and the fact that a large portion of government debt may disappear without the undesirable reputation costs of explicit debt repudiation is even better. In the Brazilian inflationary experience, most of this potentially favorable effect of high inflation on debt has been neutralized by indexation. In December 1994, officially recognized total federal domestic debt was 19.9% of GDP. The fast growth of public debt in the first four years of stabilization has offset the benefits of the inflation acceleration, which occurred shortly before the onset of monetary reform in July, 1994. By December 1998, this figure was 44.8% of GDP. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788052 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73028 Research Network Working Paper, 424. The structure of public sector debt in Brazil [texto impreso] / Afonso S. Bevilaqua ; Dionísio Dias Carneiro ; Márcio Gomes Pinto García ; Rogério Furquim Ladeira Werneck . - Washington : Banco Interamericano de Desarrollo, 2001 . - 71 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
CONDICIONES ECONOMICAS
DEUDA PUBLICA
SECTOR PUBLICOClasificación: 338.9 Resumen: The literature on the end of remarkable inflationary processes (Bresciani-Turroni, 1937; Sargent, 1986) calls our attention to one of the favorable aspects of hyperinflations: the fact that high inflation destroys old debts. Because of the central role fiscal deficits play in chronic inflation, the alleviation of the debt burden helps stabilization, and the fact that a large portion of government debt may disappear without the undesirable reputation costs of explicit debt repudiation is even better. In the Brazilian inflationary experience, most of this potentially favorable effect of high inflation on debt has been neutralized by indexation. In December 1994, officially recognized total federal domestic debt was 19.9% of GDP. The fast growth of public debt in the first four years of stabilization has offset the benefits of the inflation acceleration, which occurred shortly before the onset of monetary reform in July, 1994. By December 1998, this figure was 44.8% of GDP. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788052 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73028 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038410 338.9 RES v.424 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 412. Participación privada en proyectos de infraestructura y determinantes de los esquemas contractuales adoptados / Julio César Alonso
Título de serie: Research Network Working Paper, 412 Título : Participación privada en proyectos de infraestructura y determinantes de los esquemas contractuales adoptados : el caso colombiano Tipo de documento: texto impreso Autores: Julio César Alonso ; Juan Benavides ; Israel Fainboim Yaker ; Carlos Jorge Rodríguez R. Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 113 p Idioma : Español Temas: BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
CONTRATOS PUBLICOS
INFRAESTRUCTURA
PROYECTOSClasificación: 338.9 Resumen: Este estudio tiene como objetivo analizar los determinantes de los esquemas contractuales adoptados para la participación privada en ocho proyectos de concesión de infraestructura: dos del sector de acueductos (planta de tratamiento de Tibitoc, acueducto de Cartagena), tres de infraestructura de transporte (segunda pista del aeropuerto El Dorado, puerto de Cartagena, red Atlántica del ferrocarril), uno de telecomunicaciones (telefonía móvil celular) y dos del sector eléctrico (repotenciación de Tebsa y reconstrucción de Termoflores). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788041 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73029 Research Network Working Paper, 412. Participación privada en proyectos de infraestructura y determinantes de los esquemas contractuales adoptados : el caso colombiano [texto impreso] / Julio César Alonso ; Juan Benavides ; Israel Fainboim Yaker ; Carlos Jorge Rodríguez R. . - Washington : Banco Interamericano de Desarrollo, 2001 . - 113 p.
Idioma : Español
Temas: BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
CONTRATOS PUBLICOS
INFRAESTRUCTURA
PROYECTOSClasificación: 338.9 Resumen: Este estudio tiene como objetivo analizar los determinantes de los esquemas contractuales adoptados para la participación privada en ocho proyectos de concesión de infraestructura: dos del sector de acueductos (planta de tratamiento de Tibitoc, acueducto de Cartagena), tres de infraestructura de transporte (segunda pista del aeropuerto El Dorado, puerto de Cartagena, red Atlántica del ferrocarril), uno de telecomunicaciones (telefonía móvil celular) y dos del sector eléctrico (repotenciación de Tebsa y reconstrucción de Termoflores). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788041 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73029 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038427 338.9 RES v.412 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 411. Participación privada en proyectos de infraestructura y determinantes de los arreglos contractuales observados / Ricardo Paredes Molina
Título de serie: Research Network Working Paper, 411 Título : Participación privada en proyectos de infraestructura y determinantes de los arreglos contractuales observados : el caso de Chile Tipo de documento: texto impreso Autores: Ricardo Paredes Molina ; José Miguel Sánchez C. ; Ricardo Sanhueza Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 105 p Idioma : Español Temas: BANCO INTERAMERICANO DE DESARROLLO
CHILE
INFRAESTRUCTURA
INVERSIONES
LIBRE EMPRESA
PRIVATIZACIONClasificación: 338.9 Resumen: El objetivo del Proyecto de Investigación es el de analizar y explicar las formas contractuales quese observan en seis proyectos de Infraestructura Pública en los cuales hay participación privada enChile. En consecuencia, la unidad de análisis para la investigación es el proyecto de inversión elegido y más específicamente, el arreglo contractual entre el gobierno y el privado. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788040 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73030 Research Network Working Paper, 411. Participación privada en proyectos de infraestructura y determinantes de los arreglos contractuales observados : el caso de Chile [texto impreso] / Ricardo Paredes Molina ; José Miguel Sánchez C. ; Ricardo Sanhueza . - Washington : Banco Interamericano de Desarrollo, 2001 . - 105 p.
Idioma : Español
Temas: BANCO INTERAMERICANO DE DESARROLLO
CHILE
INFRAESTRUCTURA
INVERSIONES
LIBRE EMPRESA
PRIVATIZACIONClasificación: 338.9 Resumen: El objetivo del Proyecto de Investigación es el de analizar y explicar las formas contractuales quese observan en seis proyectos de Infraestructura Pública en los cuales hay participación privada enChile. En consecuencia, la unidad de análisis para la investigación es el proyecto de inversión elegido y más específicamente, el arreglo contractual entre el gobierno y el privado. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788040 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73030 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038428 338.9 RES v.411 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 434. Teenage childbearing in Latin American countries / Carmen Elisa Florez
Título de serie: Research Network Working Paper, 434 Título : Teenage childbearing in Latin American countries Tipo de documento: texto impreso Autores: Carmen Elisa Florez ; Jairo Núñez Méndez Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 97 p Idioma : Inglés Temas: AMERICA LATINA
ASPECTOS ECONOMICOS
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
EMBARAZO EN ADOLESCENCIAClasificación: 338.9 Resumen: In spite of the rapid fertility transition experienced by most Latin American and Caribbean countries, teenage fertility has not changed at the same pace or in the same direction. Given that early childbearing is deleterious for both mother and child, we describe differentials in the levels and trends in teenage childbearing and analyze its proximate and socioeconomic determinants. We used Demographic and Health Surveys data from six LAC countries for which data are available for the second half of the 1990s: Bolivia, Brazil, Colombia, Guatemala, Dominican Republic and Peru. Teenage fertility trends indicate different patterns of change across countries by area of residence. However, in most countries teenage fertility has increased in rural areas but declined or remained constant in urban areas. Different contributions of marriage, proper use of family planning methods, and premarital births to teenage fertility behavior are reflected in differentials in unmarried parenthood across countries. Socioeconomic determinants are analyzed through simple logit model, multilevel analysis, and continuous-time hazard rate models. These analyses improve on prior research on LAC countries by including contextual/regional factors, isolating the effects into differentials in sexual activity and rates of childbearing, and by comparing the socioeconomic determinants of the timing of first birth and premarital birth. This research demonstrates that the effect of socioeconomic variables on the rate of childbearing can act through the timing of initial sexual intercourse (such as education, socioeconomic conditions of the households and area or residence) or through the timing of first birth (such as socialization in a female-headed family, availability - cceptability - use of family planning, and regional - country conditions, such as cultural and inherent characteristics). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788039 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73031 Research Network Working Paper, 434. Teenage childbearing in Latin American countries [texto impreso] / Carmen Elisa Florez ; Jairo Núñez Méndez . - Washington : Banco Interamericano de Desarrollo, 2001 . - 97 p.
Idioma : Inglés
Temas: AMERICA LATINA
ASPECTOS ECONOMICOS
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
EMBARAZO EN ADOLESCENCIAClasificación: 338.9 Resumen: In spite of the rapid fertility transition experienced by most Latin American and Caribbean countries, teenage fertility has not changed at the same pace or in the same direction. Given that early childbearing is deleterious for both mother and child, we describe differentials in the levels and trends in teenage childbearing and analyze its proximate and socioeconomic determinants. We used Demographic and Health Surveys data from six LAC countries for which data are available for the second half of the 1990s: Bolivia, Brazil, Colombia, Guatemala, Dominican Republic and Peru. Teenage fertility trends indicate different patterns of change across countries by area of residence. However, in most countries teenage fertility has increased in rural areas but declined or remained constant in urban areas. Different contributions of marriage, proper use of family planning methods, and premarital births to teenage fertility behavior are reflected in differentials in unmarried parenthood across countries. Socioeconomic determinants are analyzed through simple logit model, multilevel analysis, and continuous-time hazard rate models. These analyses improve on prior research on LAC countries by including contextual/regional factors, isolating the effects into differentials in sexual activity and rates of childbearing, and by comparing the socioeconomic determinants of the timing of first birth and premarital birth. This research demonstrates that the effect of socioeconomic variables on the rate of childbearing can act through the timing of initial sexual intercourse (such as education, socioeconomic conditions of the households and area or residence) or through the timing of first birth (such as socialization in a female-headed family, availability - cceptability - use of family planning, and regional - country conditions, such as cultural and inherent characteristics). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788039 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73031 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038429 338.9 RES v.434 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 427. The impact of regulations on Brazilian labor market performance / Ricardo Paes de Barros
Título de serie: Research Network Working Paper, 427 Título : The impact of regulations on Brazilian labor market performance Tipo de documento: texto impreso Autores: Ricardo Paes de Barros ; Carlos Henrique Corseuil Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 58 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
ESTADISTICAS DEL TRABAJO
MERCADO DE TRABAJO
PRODUCTIVIDAD DEL TRABAJOClasificación: 338.9 Resumen: The objective of this paper is to identify whether the prevailing Brazilian labor market regulations, largely the result of the 1988 constitutional change, have any impact on labor market performance. To reach this objective we explore alternative methodologies, sources of information and measures of labor market performance. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788055 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73032 Research Network Working Paper, 427. The impact of regulations on Brazilian labor market performance [texto impreso] / Ricardo Paes de Barros ; Carlos Henrique Corseuil . - Washington : Banco Interamericano de Desarrollo, 2001 . - 58 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
BRASIL
ESTADISTICAS DEL TRABAJO
MERCADO DE TRABAJO
PRODUCTIVIDAD DEL TRABAJOClasificación: 338.9 Resumen: The objective of this paper is to identify whether the prevailing Brazilian labor market regulations, largely the result of the 1988 constitutional change, have any impact on labor market performance. To reach this objective we explore alternative methodologies, sources of information and measures of labor market performance. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788055 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73032 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038430 338.9 RES v.427 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 433 Título : Social mobility in Latin America : links with adolescent schooling Tipo de documento: texto impreso Autores: Lykke E. Andersen Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 45 p Idioma : Inglés Temas: ADOLESCENTES
AMERICA LATINA
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
EDUCACION SECUNDARIAClasificación: 338.9 Resumen: This paper proposes a new measure of social mobility. It is based on schooling gap regressions and uses the Fields decomposition to determine the importance of family background in explaining teenagers` schooling gaps. The method is applied to a sample of 18 Latin American household surveys conducted in the late 1990s. We find Chile, Argentina, Uruguay, and Peru among the countries with the highest social mobility, and Guatemala and Brazil among the least socially mobile countries. The results show that social mobility is positively correlated with GDP and general educational attainment, but not related to income inequality in any obvious way. Social mobility is generally higher in highly urbanized countries. The schooling gap regressions also reveal differences in opportunities within the family. Resources are clearly being diverted away from older siblings (especially sisters) towards younger siblings. In addition, it is an advantage to be born into the household relatively late in the lifecycle of the parents. For most countries, female teenagers were found to have significantly smaller schooling gaps than male teenagers. This did not make them significantly more mobile, however. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788061 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73033 Research Network Working Paper, 433. Social mobility in Latin America : links with adolescent schooling [texto impreso] / Lykke E. Andersen . - Washington : Banco Interamericano de Desarrollo, 2001 . - 45 p.
Idioma : Inglés
Temas: ADOLESCENTES
AMERICA LATINA
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
EDUCACION
EDUCACION SECUNDARIAClasificación: 338.9 Resumen: This paper proposes a new measure of social mobility. It is based on schooling gap regressions and uses the Fields decomposition to determine the importance of family background in explaining teenagers` schooling gaps. The method is applied to a sample of 18 Latin American household surveys conducted in the late 1990s. We find Chile, Argentina, Uruguay, and Peru among the countries with the highest social mobility, and Guatemala and Brazil among the least socially mobile countries. The results show that social mobility is positively correlated with GDP and general educational attainment, but not related to income inequality in any obvious way. Social mobility is generally higher in highly urbanized countries. The schooling gap regressions also reveal differences in opportunities within the family. Resources are clearly being diverted away from older siblings (especially sisters) towards younger siblings. In addition, it is an advantage to be born into the household relatively late in the lifecycle of the parents. For most countries, female teenagers were found to have significantly smaller schooling gaps than male teenagers. This did not make them significantly more mobile, however. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788061 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73033 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038431 338.9 RES v.433 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 459. Decentralization and fiscal discipline in subnational governments / Fernando Filgueira
Título de serie: Research Network Working Paper, 459 Título : Decentralization and fiscal discipline in subnational governments : the bailout problem in Uruguay Tipo de documento: texto impreso Autores: Fernando Filgueira ; Herman Kamil ; Fernando Lorenzo ; Juan Andrés Moraes ; Andrés Rius Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 52 p Idioma : Inglés Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
POLITICA ECONOMICA
URUGUAYClasificación: 338.9 Resumen: This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs' responsibilities and resources have not been carefully defined. We show that, in unitary countries where SNGs lack the opportunities to misbehave that they have in federal countries (e.g., public debt issuance, international borrowing), SNG officials find ways to finance deficits through non-compliance with politically contestable obligations. In particular, SNGs in Uruguay finance their deficits by accumulating debts with other government agencies and obtaining discretionary transfers from the CG. Through statistical analyses we show that debts and deficits are mainly related to vertical fiscal imbalances and economic conditions in the SN jurisdictions. Yet, the analysis of recent bailout episodes suggests that institutions and political factors play a role (i.e., they are important ex-post factors). This implies that bailouts have been more than simple compensations for structural imbalances, thus creating opportunities for strategic behavior on the part of SNG authorities (partly confirmed by the disparate fiscal performance of Montevideo vis-à-vis the rest of the country). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788085 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73035 Research Network Working Paper, 459. Decentralization and fiscal discipline in subnational governments : the bailout problem in Uruguay [texto impreso] / Fernando Filgueira ; Herman Kamil ; Fernando Lorenzo ; Juan Andrés Moraes ; Andrés Rius . - Washington : Banco Interamericano de Desarrollo, 2002 . - 52 p.
Idioma : Inglés
Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
POLITICA ECONOMICA
URUGUAYClasificación: 338.9 Resumen: This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs' responsibilities and resources have not been carefully defined. We show that, in unitary countries where SNGs lack the opportunities to misbehave that they have in federal countries (e.g., public debt issuance, international borrowing), SNG officials find ways to finance deficits through non-compliance with politically contestable obligations. In particular, SNGs in Uruguay finance their deficits by accumulating debts with other government agencies and obtaining discretionary transfers from the CG. Through statistical analyses we show that debts and deficits are mainly related to vertical fiscal imbalances and economic conditions in the SN jurisdictions. Yet, the analysis of recent bailout episodes suggests that institutions and political factors play a role (i.e., they are important ex-post factors). This implies that bailouts have been more than simple compensations for structural imbalances, thus creating opportunities for strategic behavior on the part of SNG authorities (partly confirmed by the disparate fiscal performance of Montevideo vis-à-vis the rest of the country). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788085 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73035 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038432 338.9 RES v.459 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 448. Los maestros en República Dominicana / Andrés (h) Dauhajre
Título de serie: Research Network Working Paper, 448 Título : Los maestros en República Dominicana : carreras e incentivos Tipo de documento: texto impreso Autores: Andrés (h) Dauhajre ; Jaime Aristy Escuder Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 47 p Idioma : Español Temas: BANCO INTERAMERICANO DE DESARROLLO
INCENTIVOS
MAESTROS
REPUBLICA DOMINICANAClasificación: 338.9 Resumen: Este estudio se concentra en el análisis de los incentivos y factores institucionales que determinan la composición del cuerpo docente e influyen en el desempeño profesional de los maestros en la República Dominicana. Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73036 Research Network Working Paper, 448. Los maestros en República Dominicana : carreras e incentivos [texto impreso] / Andrés (h) Dauhajre ; Jaime Aristy Escuder . - Washington : Banco Interamericano de Desarrollo, 2002 . - 47 p.
Idioma : Español
Temas: BANCO INTERAMERICANO DE DESARROLLO
INCENTIVOS
MAESTROS
REPUBLICA DOMINICANAClasificación: 338.9 Resumen: Este estudio se concentra en el análisis de los incentivos y factores institucionales que determinan la composición del cuerpo docente e influyen en el desempeño profesional de los maestros en la República Dominicana. Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73036 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038433 338.9 RES v.448 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 446 Título : Chile : un caso poco frecuente de indisciplina fiscal (bailout) y endeudamiento encubierto en la educación municipal Tipo de documento: texto impreso Autores: Claudia Serrano ; Heidi Berner Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 61 p Idioma : Español Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
CHILE
ENDEUDAMIENTOClasificación: 338.9 Resumen: Este estudio aborda el tema de la descentralización fiscal y las ocasiones por las que ocurre una situación de rescate financiero desde el nivel central del Estado hacia administraciones locales en Chile. No obstante un sistema de administración financiera que da garantías para una alta disciplina fiscal, en el caso de la administración de la educación municipal se han generado situaciones de endeudamiento encubierto reiterado por no pago de cotizaciones previsionales a los docentes en los que el nivel central del Estado ha debido intervenir con medidas de rescate. El estudio combina metodologías cuantitativas que recogen información financiera y de gestión educacional de las municipalidades, lo que permite realizar análisis estadísticos y econométricos, y metodologías cualitativas que indagan en el juicio y evaluación que tienen del proceso las autoridades del nivel central del Estado, representantes de la Asociación Chilena de Municipalidades y las municipalidades afectadas. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788073 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73037 Research Network Working Paper, 446. Chile : un caso poco frecuente de indisciplina fiscal (bailout) y endeudamiento encubierto en la educación municipal [texto impreso] / Claudia Serrano ; Heidi Berner . - Washington : Banco Interamericano de Desarrollo, 2002 . - 61 p.
Idioma : Español
Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
CHILE
ENDEUDAMIENTOClasificación: 338.9 Resumen: Este estudio aborda el tema de la descentralización fiscal y las ocasiones por las que ocurre una situación de rescate financiero desde el nivel central del Estado hacia administraciones locales en Chile. No obstante un sistema de administración financiera que da garantías para una alta disciplina fiscal, en el caso de la administración de la educación municipal se han generado situaciones de endeudamiento encubierto reiterado por no pago de cotizaciones previsionales a los docentes en los que el nivel central del Estado ha debido intervenir con medidas de rescate. El estudio combina metodologías cuantitativas que recogen información financiera y de gestión educacional de las municipalidades, lo que permite realizar análisis estadísticos y econométricos, y metodologías cualitativas que indagan en el juicio y evaluación que tienen del proceso las autoridades del nivel central del Estado, representantes de la Asociación Chilena de Municipalidades y las municipalidades afectadas. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788073 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73037 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038434 338.9 RES v.446 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 444 Título : Bank relationships : effect on the availability and marginal cost of credit for firms in Argentina Tipo de documento: texto impreso Autores: Jorge M. Streb ; Javier Bolzico ; Pablo Druck ; Alejandro Henke ; José Rutman ; Walter Sosa Escudero Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 66 p Idioma : Inglés Temas: ARGENTINA
BANCO INTERAMERICANO DE DESARROLLO
BANCOS
CREDITO COMERCIALClasificación: 338.9 Resumen: This paper provides evidence on what affects the marginal cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. While some private information, such as balance sheet data, is transferable, private information generated in relationships is not. To capture the closeness of bank relationships, we resort to the concentration of bank credit and the number of credit lines in a bank. We also consider public information available in the Central de Deudores. The cost of credit is measured using overdrafts, the most expensive line of credit, at the bank that charges the highest rate for overdrafts. We find that the cost of credit is smaller for a firm with a close relationship to the marginal bank. Firms with large assets, a high sales/assets ratio, and a low debt/assets ratio pay a lower interest rate at the margin. A good credit history (no debt arrears and no bounced checks) and collateral also reduce the marginal interest rate. The availability of credit is measured by unused credit lines as a proportion of total liabilities with the main bank. The availability of credit depends positively on a close relationship with the main bank. Large assets, a high return on assets, a high sales/assets ratio, a low debt/assets ratio, a good credit history, and collateral lead to higher credit availability. Our measure of unused credit lines is less ambiguous than traditional measures such as leverage, which may indicate financial distress rather than availability of credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788071 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73038 Research Network Working Paper, 444. Bank relationships : effect on the availability and marginal cost of credit for firms in Argentina [texto impreso] / Jorge M. Streb ; Javier Bolzico ; Pablo Druck ; Alejandro Henke ; José Rutman ; Walter Sosa Escudero . - Washington : Banco Interamericano de Desarrollo, 2002 . - 66 p.
Idioma : Inglés
Temas: ARGENTINA
BANCO INTERAMERICANO DE DESARROLLO
BANCOS
CREDITO COMERCIALClasificación: 338.9 Resumen: This paper provides evidence on what affects the marginal cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. While some private information, such as balance sheet data, is transferable, private information generated in relationships is not. To capture the closeness of bank relationships, we resort to the concentration of bank credit and the number of credit lines in a bank. We also consider public information available in the Central de Deudores. The cost of credit is measured using overdrafts, the most expensive line of credit, at the bank that charges the highest rate for overdrafts. We find that the cost of credit is smaller for a firm with a close relationship to the marginal bank. Firms with large assets, a high sales/assets ratio, and a low debt/assets ratio pay a lower interest rate at the margin. A good credit history (no debt arrears and no bounced checks) and collateral also reduce the marginal interest rate. The availability of credit is measured by unused credit lines as a proportion of total liabilities with the main bank. The availability of credit depends positively on a close relationship with the main bank. Large assets, a high return on assets, a high sales/assets ratio, a low debt/assets ratio, a good credit history, and collateral lead to higher credit availability. Our measure of unused credit lines is less ambiguous than traditional measures such as leverage, which may indicate financial distress rather than availability of credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788071 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73038 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038435 338.9 RES v.444 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 430 Título : Los maestros en Venezuela : carreras e incentivos Tipo de documento: texto impreso Autores: Josefina Bruni Celli ; Olga Ramos ; Milko González Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 61 p Idioma : Español Temas: BANCO INTERAMERICANO DE DESARROLLO
CONTRATOS
FORMACION DOCENTE
MAESTROS
PENSIONES
REMUNERACIONES
VENEZUELAClasificación: 338.9 Resumen: El estudio comparativo del que este papel de trabajo forma parte (Los Maestros en América Latina: Carreras e Incentivos) fue emprendido para intentar avanzar en el conocimiento de los incentivos y factores institucionales que determinan la composición del cuerpo docente y que influencian el desempeño profesional del mismo, en un grupo de países de la región. Cada uno de los estudios se propuso, en un país diferente: 1) estimar los perfiles típicos (socio-económicos, educativos y motivacionales) de aquellos que estudian para ser maestros y de aquellos que ejercen la profesión, comparándolos con ciertos grupos relevantes y, 2) estimar el efecto que los incentivos institucionales que enfrentan los maestros—manteniendo constantes las características personales de los mismos—tienen en la conducta de los maestros y en su percepción de sus derechos y obligaciones. Se prestó especial atención a los aspectos institucionales directamente vinculados a las condiciones de nombramiento, ascenso, compensación, supervisión y despido del personal docente, tal como se encuentran recogidos en los contratos laborales formales e informales en el marco de los cuales los maestros trabajan. En cada uno de los países incluidos en el estudio se compararon diversas variantes de organización escolar, para mejorar la posibilidad de apreciar diferentes conjuntos de incentivos en funcionamiento. Desde la perspectiva de la política educativa, se espera que la información revelada en este trabajo y en los correspondientes a otros países, así como en el estudio comparativo contenido en un libro en preparación, contribuya a tomar decisiones conducentes tanto a mejorar el desempeño del cuerpo docente actual como a configurar el cuerpo docente del futuro cercano de manera consistente con la elevación de la calidad educativa en América Latina. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788058 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73039 Research Network Working Paper, 430. Los maestros en Venezuela : carreras e incentivos [texto impreso] / Josefina Bruni Celli ; Olga Ramos ; Milko González . - Washington : Banco Interamericano de Desarrollo, 2001 . - 61 p.
Idioma : Español
Temas: BANCO INTERAMERICANO DE DESARROLLO
CONTRATOS
FORMACION DOCENTE
MAESTROS
PENSIONES
REMUNERACIONES
VENEZUELAClasificación: 338.9 Resumen: El estudio comparativo del que este papel de trabajo forma parte (Los Maestros en América Latina: Carreras e Incentivos) fue emprendido para intentar avanzar en el conocimiento de los incentivos y factores institucionales que determinan la composición del cuerpo docente y que influencian el desempeño profesional del mismo, en un grupo de países de la región. Cada uno de los estudios se propuso, en un país diferente: 1) estimar los perfiles típicos (socio-económicos, educativos y motivacionales) de aquellos que estudian para ser maestros y de aquellos que ejercen la profesión, comparándolos con ciertos grupos relevantes y, 2) estimar el efecto que los incentivos institucionales que enfrentan los maestros—manteniendo constantes las características personales de los mismos—tienen en la conducta de los maestros y en su percepción de sus derechos y obligaciones. Se prestó especial atención a los aspectos institucionales directamente vinculados a las condiciones de nombramiento, ascenso, compensación, supervisión y despido del personal docente, tal como se encuentran recogidos en los contratos laborales formales e informales en el marco de los cuales los maestros trabajan. En cada uno de los países incluidos en el estudio se compararon diversas variantes de organización escolar, para mejorar la posibilidad de apreciar diferentes conjuntos de incentivos en funcionamiento. Desde la perspectiva de la política educativa, se espera que la información revelada en este trabajo y en los correspondientes a otros países, así como en el estudio comparativo contenido en un libro en preparación, contribuya a tomar decisiones conducentes tanto a mejorar el desempeño del cuerpo docente actual como a configurar el cuerpo docente del futuro cercano de manera consistente con la elevación de la calidad educativa en América Latina. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788058 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73039 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038436 338.9 RES v.430 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 429 Título : Enforcement, contract design, and default : exploring the financial markets of Costa Rica Tipo de documento: texto impreso Autores: Alexander Monge N. ; Javier Cascante ; Luis J. Hall Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 44 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
COSTA RICA
MERCADO FINANCIEROClasificación: 338.9 Resumen: This paper examines the institutional determinants of incentives to repay in Costa Rica and their effects on defaults and the design of financial contracts. Enforcement mechanisms help to determine how much is paid back to creditors and how much shareholders receive as dividends. Theoretically, however, the most important effects will be on the observable characteristics of contracts, as rational agents foresee the incentives of other parties. As courts enforce contracts and punish defaulters, they determine the form contracts take and the magnitude and direction of investments. The paper contains findings on the practices of financial intermediaries that are discussed in the context of contract theory, with a focus on the formal financial intermediaries that are scattered throughout the country. Much of the information comes from primary sources, including a sample of almost 1,700 civil trials and a detailed survey on the credit policies of 31 intermediaries. This paper reviews the creditor-borrower relationship at all stages—ex ante, interim, and ex post. The evidence supports the importance of collateral and other ex post repayment incentives. The evidence also suggests that, contrary to the common view, banks are not passive lenders. They remain alert to how well projects perform and rely on previous experience and a rather sophisticated informational network in granting credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788057 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73040 Research Network Working Paper, 429. Enforcement, contract design, and default : exploring the financial markets of Costa Rica [texto impreso] / Alexander Monge N. ; Javier Cascante ; Luis J. Hall . - Washington : Banco Interamericano de Desarrollo, 2001 . - 44 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
COSTA RICA
MERCADO FINANCIEROClasificación: 338.9 Resumen: This paper examines the institutional determinants of incentives to repay in Costa Rica and their effects on defaults and the design of financial contracts. Enforcement mechanisms help to determine how much is paid back to creditors and how much shareholders receive as dividends. Theoretically, however, the most important effects will be on the observable characteristics of contracts, as rational agents foresee the incentives of other parties. As courts enforce contracts and punish defaulters, they determine the form contracts take and the magnitude and direction of investments. The paper contains findings on the practices of financial intermediaries that are discussed in the context of contract theory, with a focus on the formal financial intermediaries that are scattered throughout the country. Much of the information comes from primary sources, including a sample of almost 1,700 civil trials and a detailed survey on the credit policies of 31 intermediaries. This paper reviews the creditor-borrower relationship at all stages—ex ante, interim, and ex post. The evidence supports the importance of collateral and other ex post repayment incentives. The evidence also suggests that, contrary to the common view, banks are not passive lenders. They remain alert to how well projects perform and rely on previous experience and a rather sophisticated informational network in granting credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788057 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73040 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038437 338.9 RES v.429 Libro Colección Biblioteca Central Disponible