Descubre y comparte nuestro conocimiento público

This study develops a methodology to analize the demand for health services. It is based on dichotomic regressions aimed at determining why consumers prefer certain services and do not demand other. It discusses the possible impact on the number of medical vis its of changes in health costs and h...

Chile's private health insurance system has expanded rapidly since its inception in 1981, now covering 28% of the population. The natural evolution of the system has solved some of its original problems. Nevertheless, the following serious difficulties remain: the tendency to raise the costs of h...

The appropriate role of the state in health is complex both in economic theory and in practice. Theory identifies three reasons for state action: public goods or services with large externalities (involving efficiency); poverty (involving equity); and failings peculiar to insurance markets for he...

This paper presents estimates of capital flight using eight alternative methodologies, with a focus on Latinoamerica. While these methodologies differ in approach, I show that the identities used in balance-of-payments data make most close in their final measurement. I document that capital fligh...

This paper examines. in the context of an empirical model. the impact of capital flows. among other fundamentals, on long-term real exchange rates in Chile. The real exchange rate and its fundamentals, which can be characterized as integrated processes, are found to cointegrate in the 1960-92 per...

Between 1989 and 1993 Argentina privatized its production and exploration of hydrocarbons. In the process several mechanisms were used. Some of the reserves were privatized through competitive auctions. We show, in an ex-post study of the profitability obtained by the winners of those auctions, t...

In 1994 Colombia started replacing its state-run and pay-as-you-go (PAYG) pension system by a privately-run and fully-funded scheme. Numerical simulations for the government's reform transition reveal implicit PAYG debt levels and corresponding reform transition deficits that are high relative to...

This paper examines whether there is convergence between the interest rates of the Spanish and German economies or at least with a weighted average of the European Union (EU). For this purpose a time series approach is adopted and some unit root tests allowing for structural breaks when the break...

The apparent success of Chile's pension reform catalyzed a number of subsequent reforms in sister Latin American nations, and the "Chilean model" has now captivated the attention of polin'makers and researchers in the GECD as well. In this paper we identify six critical elements of old-age pensio...

The present article has the following objectives: firstly, to present the major benefits of the basic baskets in order to understand prioritization, in the area of an obligatory insurance, and affirm the difficulty in implementing these types of initiatives. Secondly, to show that the approval an...