Centro de Investigaciones Económicas - CINVE

Working Papers
  • Discovering pervasive and non-pervasive common cycles

    07/2017

    The objective of this paper is to propose a strategy to exploit short-run commonalities in the sectoral components of macroeconomic variables to obtain better models and more accurate forecasts of the aggregate and the components. Our main contribution concerns cases in which the number of components is large so that traditional multivariate approaches are not feasible. We show analytically and by Monte Carlo that subsets of components in which all the elements share a single common cycle can be discovered by pairwise methods. As the procedure does not rely on…

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  • TESTING LINEARITY IN THE LONG-RUN RELATIONSHIP BETWEEN ECONOMIC GROWTH AND PASSENGER AIR TRANSPORT IN MEXICO

    02/2017

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  • Innovation and Productivity in Services and Manufacturing: The Role of ICT Investment

    07/2015

    Diego Aboal and Ezequiel Tacsir-CINVE Abstract Several studies have highlighted ICT as a driver of firm productivity in developed countries. However, the evidence about the impacts of ICT on services and manufacturing and particularly for developing countries is scarce. This paper focuses on understanding the determinants of investments in ICT at firm level and how this adoption ultimately affects innovation and productivity of Uruguayan services firms vis a vis manufacturing. Results show that ICT investments are more subject to economies of scale than other types of investments, are important for…

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  • Jamaica’s need to appropriate economic value

    Beverley Morgan

    10/2013

    Introduction The growth in services has become a significant part of the global economy, with services accounting for an increasingly significant proportion of nations’ GDP and international trade (Gallouj & Djellal, 2010; Florida, 2004).  In the Caribbean and Latin America, services account for approximately sixty percent of employment but reflect low levels of productivity and contribution to GDP, relative their size in the regions’ economies (Tacsir, et al, 2011).  In the case of Small Island Developing States (SIDS), the role, actual and potential, played by services assumes particular importance.   These…

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  • Innovation and Productivity in Services: An impact evaluation of Colciencias funding programs in Colombia

    Marcela Umaña-Aponte, Fernando Estupiñan, Cristian Duque

    10/2013

    Abstract Globalization and the transition of economies and societies towards a system based on knowledge and information have intensified competition and interdependence among countries. We present an impact evaluation of funding programs, designed to promote innovation activities in the Colombian service sector. The incorporation of two novel panel data at firm level allows to control for unobserved heterogeneity. Results indicate that there may be a significant impact in terms of labour productivity for small companies and KIBS and of gross margins for large companies. This is especially true for projects…

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  • Quantitative Analysis Component: On the Determinants of Innovation in Services and its Linkages with Productivity

    Mario D. Tello

    10/2013

    Introduction “Analysis of services sector and innovation activities taken separately are scanty for Peruvian economy and taken together not existent. The average share of real value added of the services sector out of GDP in Peru in the last decade has been about 40% (Banco Central de Reserva Del Peru, 2012) and the estimated employment share out of total occupied economic active population (OEAP) about 32%, wherein 77% of this employment comes from the informal sector.Most of the work on the services sector has been oriented to the analysis of…

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