nep-lam New Economics Papers
on Central and South America
Issue of 2014‒08‒02
five papers chosen by
Maximo Rossi
Universidad de la República

  1. The Latin American Efficiency Gap By Francesco Caselli
  2. La aparente revolución del emprendimiento en Chile. Una perspectiva espacial. By Miguel Atienza; Marcelo Lufin; Gianni Romani
  3. Transition to Centralized Unit Commitment: An Econometric Analysis of Colombia’s Experience By Luciano de Castro; Shmuel Oren; Alvaro Riascos; Miguel Bernal
  4. Developing Real Estate Education in Brazil: A Case Study of an MBA in Real Estate Development By Haddad, Emilio
  5. Labor Law Violations in Chile By Kanbur, Ravi; Ronconi, Lucas; Wedenoja, Leigh

  1. By: Francesco Caselli (Author-Workplace-Name: Centre for Macroeconomics (CFM))
    Abstract: The average Latin American country produces about 1 ?fifth of the output per worker of the US. What are the sources of these enormous income gaps? This paper reports development-accounting results for Latin America. Development accounting compares differences in income per worker between developing and developed countries to counter-factual differences attributable to observable components of physical and human capital. Such calculations can serve a useful preliminary diagnostic role before engaging in deeper and more detailed explorations of the fundamental determinants of differences in income per worker.
    Date: 2014–07
  2. By: Miguel Atienza (IDEAR - ORDHUM - Department of Economics, Universidad Católica del Norte - Chile); Marcelo Lufin (IDEAR - ORDHUM - Department of Economics, Universidad Católica del Norte - Chile); Gianni Romani (Departamento de Administración, CEMP, Universidad Católica del Norte - Chile)
    Abstract: The promotion of entrepreneurship has become one of the main policies of the Chilean development strategy in the last decade and has been considered as a means to improve local development. The government declared as a success the creation of 250,000 new firms in the last four years. This article uses an occupational definition of entrepreneurship to analyze the scope of this apparent revolution and its location patterns in 2009 and 2011 with information from the Socioeconomic Characterization Survey (CASEN). The results show that it is not appropriate to talk about an entrepreneurship revolution in Chile. Furthermore, the analysis of spatial patterns and entrepreneurship clusters reveals high heterogeneity among local areas according to the characteristics of their entrepreneurs. In this context, national entrepreneurship policies exclusively oriented to the increase in the number of firms could perpetuate spatial inequality.
    Keywords: entrepreneurship, location, regional and local development.
    Date: 2014–07
  3. By: Luciano de Castro; Shmuel Oren; Alvaro Riascos; Miguel Bernal
    Abstract: This paper evaluates the impact of Resolution CREG 051 on the performance of the electricity markets in Colombia. We found out that productive efficiency has improved since the introduction of the Resolution, that is, the total costs of producing electricity have been reduced. This shows a positive impact of the Resolution. On the other hand, we also found that mark-ups and forward energy prices (from bilateral contracts) have increased since 2009, suggesting that there was an increase in the exercise of market power by producers. From the two previous points, we conclude that, although the productive efficiency has increased, the larger share of the efficiency gains were appropriated by the energy producers, rather than passed on to consumers. Classification JEL: D22, D44, L94, Q41
    Date: 2014–07
  4. By: Haddad, Emilio
    Abstract: The practice of Real Estate in Brazil has gone to several changes in recent past that have resulted in an enormous development of the industry. It has implied in increasing demand for manpower training and development a local knowledge of this emerging field. Because of a virtual lack of a “Real Estate school� in Brazil, Real Estate has been approached by different educational traditions, such as construction planning and management, Real Estate business, Real Estate finance. The purpose of this communication is to present the case of MBA in Real Estate development, an educational program that seeks a more comprehensive view of Real Estate Development in Brazil, stresses the need of Real Estate interplay with regulatory city planning, and seeks also more balance between theoretic and applied teaching.
    Date: 2013
  5. By: Kanbur, Ravi; Ronconi, Lucas; Wedenoja, Leigh
    Keywords: Agricultural and Food Policy, Political Economy,
    Date: 2013

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