Volumen 42 Número 84 (2019)
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Productivity Growth: Patterns and Determinants across the World
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)This is the background paper for the productivity extension of the World Bank’s Long-Term Growth Model (LTGM). Based on an extensive literature review, the paper identifies the main determinants of economic ... -
A Note on Forecasting Daily Peruvian Stock Market Volatility Risk Using Intraday Returns
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)In this paper I present a model to forecast the daily Value at Risk (VaR) of the Peruvian stock market (measured through the general index of the Lima Stock Exchange: the IGBVL) based on intraday (high-frequency) data. ... -
The Economic Legacy of General Velasco: Long-Term Consequences of Interventionism
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)We apply synthetic control methods to study the long-term consequences of the interventionist and collectivist reforms implemented by the Peruvian military junta of 1968–1975. We compare long-term outcomes for the Peruvian ... -
Subsidizing Innovation and Production
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)This paper studies the interaction between production subsidies and innovation subsidies. We develop a model which allows us to calculate the socially optimal subsidies (and how they vary with changes in the ... -
Probit Models for Grouped-data Migration Flows: A Theoretical Note
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)In this theoretical note, we propose the GProbit model as an alternative to gravity models to estimate grouped-data flows. This is a model based on the random utility theory, which is consistent with the principle of ... -
Presentation
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2019-10-29)No presenta resumen