En este artículo se discute qué tan deseable es la diversificación económica para el desempeño económico de los departamentos de Colombia en el periodo 1985-2013. En cuanto a la teoría económica se refiere, la causalidad entre estas dos variables es ambigua. Para ayudar a entender esta causalidad, los datos disponibles se analizan a la luz de dos corrientes teóricas: estructuralismo y el enfoque neoclásico.

We study post-harvest decisions among Tanzanian rice farmers. Risk and time preference experiments are used to understand post-harvest decisions. In particular, we investigate storage and processing decisions, which according to our study can increase income by more than 50 per cent, but also introduce risk and time delays. Experimentally elicited risk and time preferences are statistically significant in explaining these post-harvest decisions. Impatient farmers are less likely to store paddy, and risk-averse farmers are less likely both to process and store paddy for future sales.

We investigate the spillover of macroeconomic uncertainty between the U.S. and China since 2002.
Following Jurado et al. (2015), we construct a monthly aggregate macroeconomic uncertainty index for
China from 224 economic variables. The structural vector autoregression model suggests a unidirectional
spillover of macroeconomic uncertainty from the U.S. to China. Both U.S. and Chinese uncertainty have
negative effects on China’s real economy, but the impact of U.S. uncertainty is greater.

Empirical evidence for the effect of stock liquidity on firm value is limited and mixed due to a severe endogeneity problem. This article adds to the literature on this topic by providing new empirical evidence using the nontradable share reform in China as a quasi-natural experiment. Our results show that higher stock liquidity can lead to significant firm value improvement.

This research aims to find the determinants of participation on social organizations in Chile through a social capital approach, as well as to evaluate the existence of a positive effect between participation and household welfare. In the case of economic and local organizations several regressions for participation and income were run.

In this paper, we compare the performance of a homogeneous organization in which group members and the leader belong to the same group, with a heterogeneous organization in which the leader is an outsider. Using a modified public goods game in which leaders’ performance in a real effort task determines the marginal return to the public good we focus on the effect of shared group membership on: i) the effort of the leader in the real effort task, ii) cooperation of group members and iii) group members’ payoffs.