nep-lam New Economics Papers
on Central and South America
Issue of 2013‒12‒29
ten papers chosen by
Maximo Rossi
University of the Republic

  1. The impact of immigration on the labour market: Evidence from 20 years of cross-border migration to Argentina By Battiston, Diego
  2. Fuentes y métodos para la reconstrucción de PIBs regionales en Colombia. Siglos XIX y XX By Mejía Cubillos, Javier
  3. Job Vacancies in Colombia: 1976-2012 By Andrés Álvarez; Marc Hofstetter
  4. Pobreza Multidimensional en Argentina: Ampliando las Medidas Tradicionales de Pobreza por Ingreso y NBI By Adriana Conconi
  5. Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions By Emanuel Kohlscheen
  6. Appropriability and Complementarities in a Fragile Patent System: Evidence from Brazilian Manufacturing By Barros, Henrique M.
  7. Crime and growth convergence : evidence from Mexico By Enamorado, Ted; Lopez-Calva, Luis F.; Rodriguez-Castelan, Carlos
  8. Evidence of eligibility manipulation for conditional cash transfer programs By Firpo, Sergio; Pieri, Renan; Pedroso Jr., Euclides; Souza, Andre Portela
  9. La Relación Dinámica entre el Sistema Financiero y el nivel de actividad real en el Perú: 1965-2011 By Lahura, Erick; Vargas, Paula
  10. Interventions and inflation expectations in an inflation targeting economy By Pablo Pincheira

  1. By: Battiston, Diego
    Abstract: This paper studies the effects of immigration on the wages of Argentinean native workers over the period 1993-2012. I use a novel micro-dataset which combines household surveys from Argentina and six other Latin American countries. Immigration from these six countries accounts for 95% of the total immigration from Latin American countries. The empirical strategy identifies the effects of the labour supply variation using the “national approach” from Borjas (2003) and a reduced form equation obtained within a CES framework. In order to account for demand/pull shocks, I propose a set of instruments based on labour market conditions in immigrants’ home countries. An alternative specification also explores the hypothesis of heterogeneous impact by country of origin. Overall, findings show a significant negative impact of immigration on wages. IV estimates suggest that OLS results are a lower bound for the (partial) causal effect. Thus, if confounding demand factors exist, they bias the results toward zero.
    Keywords: immigration; wages; Argentina; labour market; cross-border migration;
    JEL: J0 J20 J31 J61 O54
    Date: 2013
  2. By: Mejía Cubillos, Javier
    Abstract: This paper summarizes and analyzes the main sources and methods used in the reconstruction of regional GDPs in Colombia for the 19th and 20th centuries. In addition, it is offered a general perspective of the field's evolution in the coming years.
    Keywords: Colombia; 19th century; 20th century; regional GDP
    JEL: C82 N16 N96 R11 R12
    Date: 2013–12
  3. By: Andrés Álvarez; Marc Hofstetter
    Abstract: Based on the counting of Help-wanted advertisements in print newspapers, we present national vacancy indexes and vacancy rates for Colombia. These series will allow tackling a myriad of questions related to the functioning of the labor markets in emerging economies, where such datasets were not available until now.
    Keywords: Vacancies, Help-wanted index, unemployment, Beveridge curve, labor market, Colombia. Classification JEL:E24, E32, J63, J64
    Date: 2013–12
  4. By: Adriana Conconi
  5. By: Emanuel Kohlscheen
    Abstract: This study presents indirect evidence of the effectiveness of sterilized interventions in Brazil based on the complete records of daily customer order flow data reported by Brazilian dealers, as well as foreign exchange intervention data over a time span of 10 years (2002-2011). We find that the effect of USD sales by end-users on the BRL/USD was much stronger on days in which the BCB did not intervene in the spot foreign exchange market.
    Keywords: order flow, intervention, exchange rate
    Date: 2013–09
  6. By: Barros, Henrique M.
    Date: 2013–10
  7. By: Enamorado, Ted; Lopez-Calva, Luis F.; Rodriguez-Castelan, Carlos
    Abstract: Scholars have often argued that crime deters growth, but the empirical literature assessing such effect is scarce. By exploiting cross-municipality income and crime data for Mexico -- a country that experienced a high increase in crime rates over the past decade -- this study circumvents two of the most common problems faced by researchers in this area. These are: (i) the lack of a homogenous, consistently comparable measure of crime and (ii) the small sample problem in the estimation. Combining income data from poverty maps, administrative records on crime and violence, and public expenditures data at the municipal level for Mexico (2005-2010), the analysis finds evidence indicating that drug-related crimes indeed deter growth. It also finds no evidence of a negative effect on growth from crimes unrelated to drug trafficking.
    Keywords: Crime and Society,Public Sector Corruption&Anticorruption Measures,Achieving Shared Growth,International Terrorism&Counterterrorism,Corruption&Anticorruption Law
    Date: 2013–12–01
  8. By: Firpo, Sergio; Pieri, Renan; Pedroso Jr., Euclides; Souza, Andre Portela
    Date: 2013–12–09
  9. By: Lahura, Erick (Banco Central de Reserva del Perú); Vargas, Paula (Interbank)
    Abstract: El objetivo es analizar empíricamente la relación dinámica entre el sistema bancario y el nivel de actividad real en el Perú. Para tal fin, el análisis se basa en la estimación de vectores autoregresivos (VAR) cointegrados, la aplicación de pruebas de exogeneidad y en la identificación de choques transitorios y permanentes. Utilizando información anual para el período 1965-2011 y tres indicadores tradicionales de intermediación financiera asociados al sector bancario, se obtienen los siguientes resultados: (i) existe una relación de largo plazo entre la evolución del sistema bancario y el PBI real per cápita; (ii) el PBI real per cápita contribuye a predecir la evolución del sistema bancario; (iii) un choque permanente tiene efectos más importantes sobre el PBI real per cápita y sobre el sistema bancario que un choque transitorio; y, (iv) las fluctuaciones del PBI real per cápita están asociadas principalmente a choques permanentes, mientras que las fluctuaciones de corto plazo en la evolución del sistema bancario están explicadas principalmente por choques transitorios. Los resultados sugieren que el PBI real per cápita puede ser usado por el regulador para evaluar la adopción de medidas correctivas o prudenciales relacionadas al sistema bancario; además, evidencian la importancia de seguir contando con una regulación financiera que permita que el nivel de intermediación financiera bancaria sea consistente con la evolución del ingreso real per cápita.
    Keywords: Sistema bancario, PBI real per cápita, cointegración, exogeneidad, choques transitorios y permanentes.
    JEL: G10 G20
    Date: 2013–12
  10. By: Pablo Pincheira
    Abstract: In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional forecasters carried out by the Central Bank of Chile. We consider two episodes of preannounced central bank interventions during the sample period 2007-2012.
    Keywords: Exchange rates, inflation expectations, inflation targeting, interventions
    Date: 2013–09

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