System GMM Estimation With A Small Sample (2009)
27 pages, 1 figure, 6 tables.-- JEL Classification Codes: C15, C33, O11.
The causal effect of education on aggregate income (2009)
30 pages, 1 figure, 5 boxes--
The Causal effect of education on aggregate income (2009)
Empirical studies assume that the macro Mincer return on schooling is con- stant across countries. Using a large sample of countries this paper shows that countries with a better quality of education...
System GMM estimation with a small sample (2009)
Properties of GMM estimators for panel data, which have become very popular in the empirical economic growth literature, are not well known when the number of individuals is small. This paper...
Mezcla de cuatro ondas entre bombas en amplificadores de fibra Raman distribuidos (2007)
Soto, Marcelo, Olivares, Ricardo
En este trabajo se presenta un modelo matemático que describe rigurosamente la interacción entre esparcimiento Raman estimulado (SRS) y mezcla de cuatro ondas (FWM) en amplificadores Raman...
The Causal Effect of Education on Aggregate Income
Empirical studies find that changes in schooling are not correlated with changes in per capita income. Similarly, the estimation in levels also produces minor coefficients for years of schooling. Low...
Growth and human capital: good data, good results
We present a new data set for years of schooling across countries for the 1960–2000 period. The series are constructed from the OECD database on educational attainment and from surveys published by...
Revista Sures : un espacio web para la reflexión, conocimiento y expresión en un centro educativo
González Minguela, Eduardo, García Alcañiz, Claudio, Soto, Marcelo, Llano Del Coto, Víctor, Mejías Hurtado, Carmen, ...
El proyecto consiste en la creación, diseño, redacción y gestión de una revista del centro en Internet, que recoge comunicaciones y reflexiones sobre el Instituto y su entorno. Los objetivos son...
Lucas and Anti-Lucas Paradoxes
Causa, Orsetta, Cohen, Daniel, Soto, Marcelo
The capital-output ratio is more than 40% lower in the poor countries than in the richest ones. Comparing TFP in manufacturing and in the economy at large, we show that the Balassa-Samuelson effect...
Estimating the Social Return on Schooling
A number of papers .nd that changes in schooling are not correlated with changes in per capita income. Two non-competing interpretations that have been given are that the social return on schooling...
Which Types of Capital Inflows Foster Developing-Country Growth?
As a result of the Asian crisis, both the virtues of domestic savings and the risks of foreign savings have been emphasized in the debate on development finance. In particular, East Asia, with its...
The Effectiveness of Capital Controls: Theory and Evidence from Chile
Salvador Valdés-Prieto, Marcelo Soto
Capital controls, Chile,
¿Es el Control Selectivo de Capitales Efectivo en Chile? Su Efecto sobre el Tipo de Cambio Real
This paper analyzes an unremunerated reserve requirement on cross-border short term credit inflows, as applied in Chile. The impact of this reserve requirement over the path of the real exchange rate...
Growth and Human Capital: Good Data, Good Results
This Paper presents a new set of data on human capital. It is constructed so as to stay as close as possible to the censuses compiled by national, OECD or UNESCO sources. We then use these data to...
The paper attempts to explain why single factor explanations of the poverty of nations are usually found to be unsatisfactory. Poor countries outside Africa, for instance, have an income per head...
Helmut Reisen, Marcelo Soto, Thomas Weithöner
The present level of ODA falls short of the amount needed to finance the Millennium Development Goals (MDGs). The figure of additional $50 billion per year, roughly the present total of ODA spent by...
Rediscovering Education in Growth Regressions
This paper studies the puzzling lack of correlation between income and schooling in macro regressions. It is argued that the root of the puzzle is threefold. First, there is a problem of a proper...
Growth and Human Capital: Good Data, Good Results
This paper presents a new data set on human capital. It is based upon data released at the OECD for a subgroup of 38 member and non-member countries, and an effort performed at the Development Centre...
Capital Flows and Growth in Developing Countries: Recent Empirical Evidence
Are capital inflows associated with faster income growth? There are a large number of empirical studies that identify the most relevant determinants of a country’s growth rate. However, this...
System GMM Estimation With A Small Sample
Properties of GMM estimators for panel data, which have become very popular in the empirical economic growth literature, are not well known when the number of individuals is small. This paper...
The causal effect of education on aggregate income
Empirical studies assume that the macro Mincer return on schooling is con- stant across countries. Using a large sample of countries this paper shows that countries with a better quality of education...