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This paper attempts to evaluate the impact on crime of the restriction of late-night alcohol sales in Bogota and quantify the causal effect of problematic alcohol consumption on different crime categories. It is found that the restriction reduced deaths and injuries in car accidents and batteries. The results are stronger in areas where the restriction was actually binding and are highly heterogeneous depending on the number of liquor stores restricted at the block level. Finally, the paper measures the impact of the restriction on alcohol consumption (the first stage, or mechanism), and quantifies the causal pharmacological impact of alcohol consumption on crime using the restriction as an instrument for problematic alcohol consumption (the second stage). The results indicate that a one standard deviation (s.d.) increase in problematic alcohol consumption increases deaths and injuries in car accidents by 0.51 s.d and 0.82 s.d. respectively, and batteries by 1.27 s.d.
This paper estimates the impact of two productive development programs (PDPs) in Costa Rica: PROPYME and CR Provee. The first seeks to increase the capacity of small and medium-sized firms (SMEs) to innovate, and the second aims to increase backward linkages between Costa Rican SMEs and multinational companies operating in the country. The impacts of each program were measured in terms of three re ... (View publication)
This paper estimates inflation expectations for several Latin American countries using an affine model that takes as factors observed inflation and parameters generated by zero-coupon yield curves of nominal bonds. Implementing this approach avoids the use of inflation-linked securities, which are scarce in many of these markets. Market measures of inflation expectations free of any risk premi ... (View publication)
Climate change is imposing a large burden on the most vulnerable populations, particularly in the developing world. Establishing consistent causal relationships,however, is difficult because a multiplicity of climatic, economic and sociodemographic elements are combined to create the conditions for an outbreak of vector-borne disease. Based on a two-step procedure, this paper presents and tests a ... (View publication)
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