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[\/vc_column_text][vc_tta_accordion active_section=\u00bb9″ collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbEstimaci\u00f3n de la aversi\u00f3n al riesgo impl\u00edcita en las expectativas del precio del d\u00f3lar estadounidense y la tasa de pol\u00edtica monetaria. Chavez Etelvina Stefani, Milanesi Gast\u00f3n, Pesce Gabriela.\u00bb tab_id=\u00bb1540465916461-12c108ab-496c\u00bb][vc_column_text css=\u00bb.vc_custom_1542130467817{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El objetivo del art\u00edculo es determinar el grado de aversi\u00f3n al riesgo que se encuentra impl\u00edcito en el valor de las expectativas de los sujetos argentinos sobre el precio del d\u00f3lar estadounidense y de la tasa de pol\u00edtica monetaria, a trav\u00e9s del rendimiento de las Letras del Banco Central (Lebacs) o del pase a 7 d\u00edas de acuerdo al per\u00edodo. Las expectativas se derivan del informe realizado por el Banco Central de la Rep\u00fablica Argentina (BCRA), denominado Relevamiento de Expectativas de Mercado (REM), tomando el valor futuro esperado del d\u00f3lar a 12 meses y la tasa de inter\u00e9s nominal relativa a la pol\u00edtica monetaria argentina, considerando el per\u00edodo que abarca desde junio de 2016 hasta julio de 2018. Para estimar el valor del nivel de aversi\u00f3n al riesgo se aplica el concepto de equivalente de certeza, modelando el comportamiento frente al riesgo de los agentes a partir de la funci\u00f3n de utilidad con aversi\u00f3n al riesgo relativa constante (CRRA). Los resultados muestran que el coeficiente de aversi\u00f3n impl\u00edcito a partir del d\u00f3lar se sit\u00faa en un nivel intermedio, entre 0,54 y 0,56 con una tendencia decreciente a medida que aumenta el valor spot de la divisa. En concordancia con lo que sucede con el tipo de inter\u00e9s, que toma valores entre 0,56 y 0,59, presentando una tendencia decreciente en el tiempo.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbParidad descubierta de tasas de interes: nueva evidencia para America Latina. Neyro Jorge Lucio.\u00bb tab_id=\u00bb1540465916496-4bc40c7a-71bd\u00bb][vc_column_text css=\u00bb.vc_custom_1542130490554{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El presente trabajo analiza la vigencia de la Paridad Descubierta de Tasas de Inter\u00e9s en Brasil y M\u00e9xico en el per\u00edodo 2000-2015. Utilizando datos de futuros de tipo de cambio para ambos pa\u00edses, se encuentra evidencia a favor de una capacidad predictiva en promedio positiva pero moderada de los tipos de cambio en los mercados de futuros. Se detecta una alta volatilidad de los resultados como as\u00ed tambi\u00e9n la ocurrencia de quiebres estructurales en m\u00e1s de una oportunidad durante el per\u00edodo analizado. Adicionalmente se obtiene evidencia que asigna un importante rol a los errores de expectativas en el excedente de retorno observado, que parece estar relacionado con el r\u00e9gimen de flotaci\u00f3n cambiaria vigente en Brasil.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbRule, what rule? Argentina and its monetary policy rule. Neder \u00c1ngel Enrique, Far\u00edas Juan Mart\u00edn.\u00bb tab_id=\u00bb1540467317727-95b19003-fbbf\u00bb][vc_column_text css=\u00bb.vc_custom_1542130512181{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]La elecci\u00f3n de una variable de control para la pol\u00edtica monetaria caracteriza a la funci\u00f3n de bienestar (p\u00e9rdida) que un banco central desea maximizar (minimizar). Inclusive, da lugar a la propuesta de seguir una regla vs. aplicar -de manera discrecional- una pol\u00edtica monetaria. Cuando se discute la aplicaci\u00f3n de una regla, su manifestaci\u00f3n puede que no sea completamente expl\u00edcita. En este trabajo tratamos de establecer una regla de pol\u00edtica monetaria para Argentina, operando con una Regla de Taylor ampliada, que tiene en cuenta la influencia del tipo de cambio y del d\u00e9ficit fiscal para los \u00faltimos trece a\u00f1os.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbIntensidad de la integraci\u00f3n en el MERCOSUR: complementariedad y sesgo geogr\u00e1fico no explicado. Cordero Sebastian Ignacio, Gonz\u00e1lez Germ\u00e1n H\u00e9ctor.\u00bb tab_id=\u00bb1541518381568-22272aa0-1501″][vc_column_text css=\u00bb.vc_custom_1542130534343{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El objetivo general del presente trabajo es abordar mediante indicadores espec\u00edficos la relaci\u00f3n entre la complementariedad, la intensificaci\u00f3n formal de la integraci\u00f3n y la intensidad comercial para el caso particular del MERCOSUR. El proyecto tiene el doble prop\u00f3sito de observar la evoluci\u00f3n de la integraci\u00f3n entre los pa\u00edses del MERCOSUR, partiendo de la existencia de cierto grado de complementariedad de base; y evaluar si las pol\u00edticas regionales y dom\u00e9sticas de las \u00faltimas d\u00e9cadas propiciaron una creciente interdependencia comercial. Los resultados rechazan la capacidad del MERCOSUR para lograr estabilizar una relaci\u00f3n de complementariedad entre los pa\u00edses miembros y dicha relaci\u00f3n ha ido descendiendo desde comienzos de los a\u00f1os 2000 en la mayor parte de los casos abordados, lo cual deja la inc\u00f3gnita sobre el bienestar que podr\u00eda obtenerse gracias a la integraci\u00f3n regional.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbMercosur: dependencia y posicionamiento externo de Uruguay y Paraguay. Cabrera Romero Mariano Francisco, Gonz\u00e1lez Germ\u00e1n H.\u00bb tab_id=\u00bb1541518381675-febd54db-61b6″][vc_column_text css=\u00bb.vc_custom_1542130567879{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]Es usual afirmar que la creciente integraci\u00f3n dentro de un acuerdo regional conlleva mejoras significativas relacionadas con el desarrollo econ\u00f3mico de las econom\u00edas de menor tama\u00f1o. Sin embargo, los resultados emp\u00edricos no han sido del todo favorables. El trabajo se propone, mediante la utilizaci\u00f3n de indicadores comerciales, verificar si desde su creaci\u00f3n hasta el presente, el MERCOSUR propici\u00f3 una creciente dependencia de las econom\u00edas relativamente peque\u00f1as, y analizar c\u00f3mo se vieron afectadas las posibilidades de inserci\u00f3n internacional de estos pa\u00edses por el sostenimiento del acuerdo comercial. Los resultados obtenidos rechazan la idea de una mayor dependencia con efectos nocivos en sus posibilidades de expansi\u00f3n comercial, y abren un interrogante sobre los fundamentos econ\u00f3micos que sostienen la participaci\u00f3n de estas econom\u00edas en el MERCOSUR.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbShould one expect a happy ending of Mercosur European union negotiations? The role played -or the threats placed- by trade and fiscal issues. Rezk Ernesto, Biagetti Marco.\u00bb tab_id=\u00bb1541518381776-5ae86bfa-f5dc\u00bb][vc_column_text css=\u00bb.vc_custom_1542130644199{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]The ongoing negotiations between Mercosur and the European Union have as two main objectives to deepen bilateral trade relations and to increase the volume of European FDI flows accruing to the former. In this connection, stylized facts showed that, for both the intensity of trade and the amount of received FDI, economies\u2019 scale and degree of economic diversification mattered, for what Argentina and Brazil ranked higher in European countries\u2019 preferences. It is also worthmentioning that the volatility feature exhibited FDI inflows, as revealed by stylized facts, found its explanation in foreign investment\u2019s sensitivity towards domestic and external crises occurred during the period. The econometric estimation of the panel model, drawn with the purpose of exploring the determinants of trade and foreign investment, yielded preliminary though valuable results; thus, the sign and significance of coefficients proved that exports reacted positively to increases in the EU\u2019 GDP and to the volume of FDI inflows and negatively to fixed exchange rate regimes. Important results were also obtained for investors\u2019 growth expectation and the degree of openness to trade as determinants of FDI inflows. Curiously enough, institutional variables failed to explain foreign investment in favour of the overwhelming impact of domestic and external crises.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbExtent and determinants of resource misallocation: a cross-section study for developing countries. Fossati Rom\u00e1n, Stivali Matheus.\u00bb tab_id=\u00bb1541519078635-8917517c-03a2″][vc_column_text css=\u00bb.vc_custom_1542130667985{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]Several factors distorting the allocation of resources across heterogeneous production units can be responsible for differences in total factor productivity (TFP) and output per capita across countries. Identifying and measuring the effect of specific distortions at country level have relevant policy implications. This paper investigates the sources of resource misallocation in developing countries. The main contribution of it is to study the role of particular idiosyncratic distortions not considered in the current literature using comparable methodology and data for a broad set of developing countries. The results indicate that, in contrast with previous evidence documented in the literature, distortions affecting international trade and related to business licensing and operation permits as well as to informality are key factors damaging TFP in the set of developing countries we considered.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbConstrained efficient entrepreneurship. Allub Lian, Ferriere Axelle, Santaulalia Ra\u00fal.\u00bb tab_id=\u00bb1541519078744-31e1f610-3a4e\u00bb][vc_column_text css=\u00bb.vc_custom_1542130688582{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]In the standard incomplete markets (SIM) model the risk of low future labor income (e.g., unemployment) generates precautionary savings. This way, the relation between capital accumulation and consumption insurance is positive. This is not necessarily the case if agents face entrepreneurship choice. Entrepreneurs face risky investment and might be willing to trade insurance for accumulation depending on their permanent ability across sectors, idiosyncratic shocks, and wealth. We study the welfare properties of an entrepreneurship choice model using the notion of constrained efficiency where an utilitarian planner dictates occupational choices and savings across risk-free and risky assets, while respecting individual budget constraints. We find that although the planner increases aggregate capital, a result shared with the SIM models, the planner changes the composition of aggregate capital and favors the accumulation of the risky capital employed by entrepreneurs at the cost of insurance. The planner also runs into more debt to finance a higher amount of entrepreneurs, lowering the entrepreneurship productivity threshold of the decentralized economy. All these results are based on a two-period model.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbAn insurance approach to the pricing of downside risk in argentinean stocks. Dapena Jose P., Siri Juli\u00e1n, Serur Juan.\u00bb tab_id=\u00bb1541519078870-042ae4d8-48da\u00bb][vc_column_text css=\u00bb.vc_custom_1542130711130{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]Downside risk stands for the risk associated with realized returns being below expected returns. When focusing on stocks, even though the drift should and tends to be positive, there are periods of stress where investors lose money. The return dynamics of Argentina’s main stock index, the Mer.Val., show a high level of volatility, signaling a higher degree of downside risk. To hedge against that specific risk, investors could buy put options. However, the Argentinean capital markets lacks variety of hedging contracts. The basic availability of put options depends on the possibility of short selling the underlying security, i.e. transfer risk to a third party, something not properly developed in the domestic market. In this paper we adopt a different approach to solve the issue, more inclined towards self-insurance. We aim to calculate the minimum capital a put option seller must hold as collateral, to provide insurance to the market, and hence derive the price of the instrument as the required value that must be charged for that purpose. In that way, we provide a downside-risk hedge against adverse stock index price movements.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbInside the revolving door: campaign finance, lobbying meetings and public contracts. An investigation for Argentina. Freille Sebasti\u00e1n, Avramovich Cecilia, Moncarz Pedro, Soffietti Pablo.\u00bb tab_id=\u00bb1541529813815-037c6eab-974c\u00bb][vc_column_text css=\u00bb.vc_custom_1542130729551{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]This paper explores the relationship between political influence actions and benefits obtained from public procurement. We develop a theoretical model of electoral competition where interest groups can engage in both ex-ante campaign contributions and ex-post lobbying contributions. We derive the optimal distribution of ex-ante and ex-post contributions by interest groups to candidates. If the preference of the interest groups are aligned, political contributions to both candidates are increasing in their respective announced expenditures. Ex-ante and ex-post contributions are imperfect substitutes and the higher the announced expenditure, the more biased the distribution is towards (ex-post) lobbying. Using previously unavailable individual-level data, we test empirically the predictions of the model and to model the probability of obtaining a public contract as a function of both ex-ante and ex-post efforts by interest groups.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbTaxpayers’ responses to tax and administrative notches across the revenue distribution. Tortarolo Dario, Garriga Santiago), Puig Jorge.\u00bb tab_id=\u00bb1541529813925-7b67e0b0-6414″][vc_column_text css=\u00bb.vc_custom_1542130751044{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]This paper estimates the response of self-employed and firms to two revenue taxes, \\emph{Monotributo} and the Turnover Tax, across the turnover distribution using rich administrative data from Argentina. We exploit several revenue-dependent discontinuities that provide incentives to underreport revenue combined with a bunching design to estimate revenue elasticities. We also explore heterogeneities by firm size, type of activities, and type of taxpayers. In the case of small firms, we find sizeable bunching below the thresholds that is stronger for higher tax incentives. The response is stronger in sectors where self-employed have more flexibility, such as service-based activities. In the case of medium and large firms, bunching is less striking but it suggests that some large firms are able to manipulate their gross sales to avoid facing higher tax rates. We also show that firms could find more costly the indirect administrative cost of becoming a collection agent than the direct fiscal cost of the turnover tax. We cannot rule out, however, that large firms adjust other margins to compensate the higher tax pressure.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbFollowing the poppy trail: causes and consequences of Mexican drug cartels. Rossi Mart\u00edn, Murphy Tommy.\u00bb tab_id=\u00bb1541619946241-d4aa03fc-85c2″][vc_column_text]We study the historical origins and consequences of Mexican cartels. We first trace the loca-tion of current cartels to the location of Chinese migration at the beginning of the 20th cen-tury, and document that both events are strongly connected. We then use Chinese presence in 1930 as an instrument for cartel presence today. Our IV estimates indicate a positive link between cartel presence and better socioeconomic outcomes, such as lower marginalization rates, lower illiteracy rates, higher salaries, and better public services. We also report that municipalities with cartel presence have higher tax revenues and more political competition. Our paper provides an explanation to the fact that drug lords, the leaders of this particular form of organized crime, have great support in the local communities in which they operate.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbEvaluating the economic viability of public investments in tourism. Cicowiez Mart\u00edn, Banerjee Onil, Moreda Adela.\u00bb tab_id=\u00bb1541538156806-016023ae-0411″][vc_column_text css=\u00bb.vc_custom_1542130801033{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]Various methods have been applied to evaluating the economic viability of public investments in tourism. In this paper, we capitalize on the strengths of general equilibrium and cost benefit analytical techniques and develop an integrated approach to evaluating public investments in tourism. We apply the approach to the evaluation of a US$6.25 million investment in tourism in Uruguay from the perspective of a multi-lateral development bank and a beneficiary government. The approach is powerful in that it captures first and subsequent rounds of investment impacts both on the benefits and costs side; resource diversion and constraints are accounted for, and; the estimation of benefits is consistent with the welfare economics underpinnings of cost benefit analysis.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbUnderstanding regional tourism impact: dealing with the absence of a regional Input-Output table. Romero Carlos Adri\u00e1n, Mastronardi Leonardo Javier, Tarelli Juan Pablo, Haslop Federico.\u00bb tab_id=\u00bb1541538156921-3bc17c3c-b975″][vc_column_text css=\u00bb.vc_custom_1542130819361{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El turismo es una fuente vital de recursos para gran cantidad de econom\u00edas regionales de diferentes pa\u00edses. El estudio del impacto de la transformaci\u00f3n de dichas econom\u00edas como consecuencia de cambios en el turismo se enfrenta a un gran problema: limitada o inexistente informaci\u00f3n consistente. El presente trabajo introduce metodolog\u00edas que permiten tratar este obst\u00e1culo para extraer lecciones a partir de alternativas de shocks o pol\u00edticas p\u00fablicas. A estos efectos, se utiliza el caso de la provincia de Salta. El documento est\u00e1 basado en informaci\u00f3n proveniente de encuestas realizadas espec\u00edficamente en el marco del estudio que se combinan con la metodolog\u00eda de coeficientes de localizaci\u00f3n. Como resultado se obtiene una Matriz de Contabilidad Social para la provincia de Salta. Sobre la base de la misma se utilizan dos tipos de modelos regionales multisectoriales para estudiar la relevancia del turismo: el modelo de multiplicadores insumo producto y de equilibrio general computado.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbLocalizaci\u00f3n de zonas urbanas pobres mediante t\u00e9cnicas espaciales multivariadas. Pellegrini Jos\u00e9 Luis.\u00bb tab_id=\u00bb1541538335296-fcd39d90-d64b\u00bb][vc_column_text]En este trabajo se presentan los resultados de un estudio exploratorio multivariado tendiente a localizar las \u00e1reas de mayor concentraci\u00f3n de poblaci\u00f3n con caracter\u00edsticas de pobreza en la ciudad de Rosario. Para ello se utilizan dos m\u00e9todos sencillos, uno de los cuales se beneficia de la reciente publicaci\u00f3n de una extensi\u00f3n al caso multivariado del estad\u00edstico local c de Geary. Se comparan los resultados de la aplicaci\u00f3n de este m\u00e9todo con otro que hab\u00eda sido propuesto previamente para analizar los mismos fen\u00f3menos y que emplea componentes principales obtenidos en un an\u00e1lisis no espacial. Se concluye que la aplicaci\u00f3n de los dos procedimientos en el caso estudiado da resultados similares, pero no id\u00e9nticos, por lo que ambos pueden verse como complementarios m\u00e1s que como alternativos.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbInclusi\u00f3n social y educativa: el rol de las pol\u00edticas de articulaci\u00f3n entre instituciones del sistema superior de educaci\u00f3n. Ib\u00e1\u00f1ez Mart\u00edn Mar\u00eda Mar\u00eda, Arnado Mar\u00eda Florencia, Morresi Silvia.\u00bb tab_id=\u00bb1541538407183-2b8418e7-f21a\u00bb][vc_column_text css=\u00bb.vc_custom_1542130858652{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]En las diversas reuniones realizadas para reflexionar acerca de la trayectoria de la educaci\u00f3n superior latinoamericana y proyectar el futuro de la misma, est\u00e1 latente la preocupaci\u00f3n por el acceso, la permanencia y la titulaci\u00f3n. La articulaci\u00f3n entre instituciones de nivel superior se presenta como una alternativa en el objetivo central de aumentar la eficiencia y equidad del sistema universitario al disminuir las tasas de deserci\u00f3n e incorporar a poblaciones tradicionalmente excluidas. En este marco el prop\u00f3sito de este trabajo es identificar si la articulaci\u00f3n interinstitucional en la carrera de Licenciatura en Enfermer\u00eda de la Universidad Nacional del Sur conllev\u00f3 a un aumento de la eficiencia y un proceso inclusivo. La cumplimentaci\u00f3n del objetivo se realiza a trav\u00e9s de la estimaci\u00f3n de modelos log\u00edsticos ordenados en su versi\u00f3n generalizada, comparando el comportamiento de los estudiantes de enfermer\u00eda con el resto de las carreras de la UNS. Los resultados permiten sostener que el rendimiento se ve favorecido por las medidas de articulaci\u00f3n, mientras que ciertos determinantes afectan de manera dis\u00edmil a las poblaciones comparadas.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbFactores condicionantes de los aprendizajes en la escuela primaria y media. Evidencias a partir de las pruebas Aprender 2016. Cornejo Magdalena (UTDT-CONICET), Llach Juan (IAE-Universidad Austral)Efficiency in higher education teaching activities: a stochastic frontier analysis. Ferro Gustavo, D’El\u00eda Vanesa.\u00bb tab_id=\u00bb1541538407291-ae21acaa-29b4″][vc_column_text css=\u00bb.vc_custom_1542130875491{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]We aim to study technical efficiency of undergraduate teaching activity in national universities in Argentina. We surveyed the literature seeking the theoretical and applied consensus, and we estimate a production frontier for the sector. We employ a stochastic frontier analysis (SFA) with a panel of 37 national universities over a 9 year period. We compare conventional models that do not take into account heterogeneity with heterogeneity-extended stochastic frontier models. We find 20% to 25% of inefficiency on average in terms of lost outcomes (graduates). Besides, as expected, those models that take into account unobserved heterogeneity present higher values of technical efficiency while the random effect model presents the lowest value. This result indicates that there is evidence of heterogeneity that overestimates inefficiency. Our results are robust to different model specifications. We do not address extension activities of the universities, which are usually difficult to measure but use resources of the system. The results could be useful to devise some remedial measures to improve efficiency. To our knowledge is the first study using this method to analyze universities\u2019 efficiency in Argentina.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbDeterminantes personales e institucionales del rendimiento acad\u00e9mico en materias de primer a\u00f1o universitario an\u00e1lisis emp\u00edrico en la Universidad Nacional de Salta. Gonz\u00e1lez Fabian Enrique.\u00bb tab_id=\u00bb1541538407398-5f32771f-ae96″][vc_column_text]En este trabajo se aplica un modelo probit para intentar explicar el rendimiento acad\u00e9mico de una muestra de los estudiantes que cursaron Matem\u00e1tica I en el a\u00f1o 2017, en la Facultad de Ciencias Econ\u00f3micas, Jur\u00eddicas y Sociales de la Universidad Nacional de Salta. Las variables explicativas a emplear se refieren a determinantes personales e institucionales como el sexo, la carrera, la calidad de ingresante\/recursante, la participaci\u00f3n en un aula virtual y la aprobaci\u00f3n de un curso de ingreso.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbLa teor\u00eda de las instituciones de Malthus. Calder\u00f3n Manuel.\u00bb tab_id=\u00bb1541538523643-8bd99762-0a4f\u00bb][vc_column_text css=\u00bb.vc_custom_1542130912681{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El trabajo tiene por objetivo destacar la importancia de la teor\u00eda de las instituciones de Malthus para la historia del pensamiento econ\u00f3mico, recomendando sobre esta apreciaci\u00f3n, una nueva lectura de su Essay on the Principle of Population.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbEconomic sciences: a philosophy of economics approach. Crespo Ricardo Fernando.\u00bb tab_id=\u00bb1541538523753-f3e19d41-51ea\u00bb][vc_column_text css=\u00bb.vc_custom_1542130930931{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]En este trabajo, luego introducir brevemente los significados de lo econ\u00f3mico como realidad, se investigan cu\u00e1les son las ciencias econ\u00f3micas que estudian los campos abarcados por esos significados. El trabajo se basa en los conceptos de econom\u00eda y ciencia econ\u00f3mica de John Stuart Mill, Carl Menger, John Neville Keynes y autores contempor\u00e1neos. Propone clasificar las ciencias econ\u00f3micas en cuatro grandes grupos que tienen como fin describir, explicar-predecir, prescribir y generar fen\u00f3menos econ\u00f3micos.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbMarx, su ‘materialismo hist\u00f3rico’ y su ‘m\u00e9todo dial\u00e9ctico’. Escud\u00e9 Guillermo J.\u00bb tab_id=\u00bb1541620140044-36f8cfd1-d65f\u00bb][vc_column_text]Este trabajo analiza aspectos muy generales del pensamiento de Karl Marx. Comienza con un bosquejo biogr\u00e1fico del autor y de su producci\u00f3n intelectual. Contin\u00faa explicando c\u00f3mo surgi\u00f3 su concepci\u00f3n materialista de la historia en el contexto del pensamiento filos\u00f3fico de Alemania dominado por el de Hegel y sus ep\u00edgonos y a partir de las cr\u00edticas que Marx hizo de esa concepci\u00f3n y tambi\u00e9n de las de muchos de quienes tambi\u00e9n la criticaban. Se explica en qu\u00e9 consiste la `concepci\u00f3n materialista de la historia’ en base a los propios escritos de Marx en diversas etapas de su vida. Por \u00faltimo se aborda la metodolog\u00eda que empleaba Marx, lo que denominaba su `m\u00e9todo dial\u00e9ctico’, destac\u00e1ndose cu\u00e1nto ten\u00eda de emp\u00edrica y de hipot\u00e9tico-deductiva.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbPoor little children: the socioeconomic gap in parental responses to school disadvantage. Berniell In\u00e9s, Estrada Ricardo.\u00bb tab_id=\u00bb1541538651755-d976fb4f-eacd\u00bb][vc_column_text css=\u00bb.vc_custom_1542130972573{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]We study how parents react to a widely-used school policy that puts some children at a learning disadvantage: age at school entry. First, we document that younger children in Spain perform significantly worse at school than their older peers and, key to causality, for children born in winter this effect is not due to seasonality. Furthermore, this effect is significantly greater among children from disadvantaged families. Then, we analyze data on parental investment and find that college-educated parents increase their time investment and choose better schools when their children are the youngest at school, while non-college-educated parents do not.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbDeterminantes de la pobreza en hogares con adultos mayores. Gaiada Julio C\u00e9sar, Bramajo, Octavio Nicol\u00e1s.\u00bb tab_id=\u00bb1541538651894-8920e283-ba14″][vc_column_text css=\u00bb.vc_custom_1542130993935{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]El objetivo de este trabajo es analizar el impacto de posibles determinantes de la pobreza en hogares con presencia de adultos mayores. Para ello se utiliz\u00f3 un modelo probit sobre la base de microdatos de la Encuesta Permanente de Hogares (EPH) publicada por el Instituto Nacional de Estad\u00edstica y Censos (INDEC). Entre los resultados obtenidos se destaca la incidencia que tiene el nivel educativo del jefe de hogar en la probabilidad de que un hogar sea considerado pobre siguiendo un enfoque de ingresos, pero tambi\u00e9n la proporci\u00f3n del ingreso total aportado por los adultos mayores.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbEmpleo y educaci\u00f3n para el ma\u00f1ana. Montuschi Luisa.\u00bb tab_id=\u00bb1541538739554-d51c8420-52bd\u00bb][vc_column_text]Una de las m\u00e1s importantes cuestiones relacionadas con la educaci\u00f3n se refiere al tema de la transici\u00f3n de los j\u00f3venes desde el sistema educativo al mercado de trabajo. Esta cuesti\u00f3n debe ser debidamente tomada en cuenta pues aparece estrechamente vinculada con la problem\u00e1tica de la pobreza. Reconocidos autores han se\u00f1alado que la soluci\u00f3n de este grav\u00edsimo problema no consiste en atacar sus s\u00edntomas sino que es necesario luchar contra los factores que la originan y que la perpet\u00faan. Y puede observarse que muchos de tales factores se retroalimentan ya que, con frecuencia, los bajos niveles de ingresos impiden el acceso a la educaci\u00f3n. Y, sobre todo, a una educaci\u00f3n de nivel. Lo que resulta indudable es que la ignorancia puede ser considerada como un factor de permanencia de la pobreza. La ignorancia entendida como la falta de conocimiento y de informaci\u00f3n. Y aunque se ha se\u00f1alado que el problema parecer\u00eda radicar sobre todo en la falta de capacidades espec\u00edficas m\u00e1s bien que en la educaci\u00f3n general, no cabe duda que la educaci\u00f3n general constituye una condici\u00f3n necesaria, aunque tal vez no suficiente, para la adquisici\u00f3n de las capacidades que el mercado de trabajo requiere.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=\u00bb\u00bb collapsible_all=\u00bbtrue\u00bb][vc_tta_section title=\u00bbDensity estimation using quantile variance and quantile-mean covariance. Mena Andr\u00e9s Sebasti\u00e1n, Montes Rojas Gabriel.\u00bb tab_id=\u00bb1541538782621-7d465506-44e5″][vc_column_text css=\u00bb.vc_custom_1542131043836{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]Based on asymptotic properties of sample Quantile Distribution derived by Hall \\& Martin (1988) and Ferguson (1999), we propose a novel method which explodes Quantile Variance, and Quantile-Mean Covariance to estimate distributional density from samples. The process consists in firstly estimate sample Quantile Variance and sample Quantile-Mean Covariance using bootstrap techniques and after use them to compute distributional density. We conducted Montecarlo Simulations for different Data Generating Process, sample size and parameters and we discovered that for many cases Quantile Density Estimators perform better in terms of Mean Integrated Squared Error than standard Kernel Density Estimator. Finally, we propose some smoothing techniques in order to reduce estimtors variance and increase their accuracy[\/vc_column_text][\/vc_tta_section][vc_tta_section title=\u00bbA practical generalized propensity score estimator for quantile continuous treatment effects. Alejo Javier, Galvao Antonio, Montes Rojas Gabriel.\u00bb tab_id=\u00bb1541538782754-0860d3a7-7d19″][vc_column_text css=\u00bb.vc_custom_1542131066564{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}\u00bb]A new Stata command, qcte, is proposed to implement several methods for estimation and inference for quantile treatment effects models with a continuous treatment. An easy semiparametric two-step estimator, where the first step is based on a flexible Box-Cox model is proposed as the default model of the command. Practical statistical inference procedures are developed using bootstrap. We implement some simulations exercises to show that the proposed methods have good performance. Finally, the command is applied to a survey of Massachusetts lottery winners to estimate the unconditional quantile effects of the prize amount, as a proxy of non-labor income changes, on subsequent labor earnings from U.S. Social Security records. The empirical results reveal strong heterogeneity across unconditional quantiles.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row content_placement=\u00bbtop\u00bb bg_image=\u00bb2083″ dt_parallax_inertia=\u00bb0″][vc_column][vc_row_inner][vc_column_inner][vc_column_text] ASOCIACI\u00d3N ARGENTINA DE ECONOM\u00cdA POL\u00cdTICA – LIII REUNI\u00d3N ANUAL [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row dt_row_type=\u00bbin_container\u00bb][vc_column][vc_column_text] Jueves 15 de Noviembre – Sesiones de la\u00a0Ma\u00f1ana [\/vc_column_text][vc_column_text] Aula…<\/p>\n