Managerial know-how shapes the productivity of firms by defining the set of available
technologies, production choices, and market opportunities. This know-how can be
reallocated across countries as managers acquire control of factors of production abroad. ...
LJ Lochner… - 2008 - nber.org
This paper studies the nature and impact of credit constraints in the market for human
capital. We derive endogenous constraints from the design of government student loan
programs and from the limited repayment incentives in private lending markets. These ...
E López-Córdova, GE Hernández… - Economía, 2003 - JSTOR
exico's negotiation and implementation of the North American Free Trade
Agreement(NAFTA) represent a watershed in the country's economic history. The agreement
will eventually open up most sectors of the Mexican economy to its largest trading partner, ...
L Lochner… - 2002 - nber.org
We study the accumulation of human capital and the behavior of consumption and earnings
in a life cycle equilibrium model with endogenous borrowing constraints. Constraints arise
endogenously from the inalienability of human capital and the limited punishments that ...
A Monge-Naranjo - draft paper Northwestern University, 2002 - econ.psu.edu
Abstract This paper examines the effect of the North American Free Trade Agreement
(NAFTA) on flows of foreign direct investment (FDI) received by the Mexico and the countries
in the region that were excluded from the treaty. To this end, the paper compares the ...
A Monge-Naranjo - manuscript, Northwestern …, 2001 - faculty.wcas.northwestern.edu
Abstract This paper models the impact of interest rates in an economy with limited
commitment. A firm's temptation to default endogenously induces credit constraints in their
optimal long-term relationship with banks. The history of the relationship determines the ...
FJ Buera, A Monge-Naranjo… - 2008 - nber.org
We study the evolution of market-oriented policies over time and across countries. We
consider a model in which own and neighbors' past experiences influence policy choices,
through their effect on policymakers' beliefs. We estimate the model using a large panel of ...
L Lochner… - NBER working paper, 2004 - Citeseer
Abstract This paper examines data on student loan default from the Baccalaureate and
Beyond Survey. The main findings include:(1) conditional on debt, the probability of default
is declining in both predicted and actual post-school earnings;(2) conditional on earnings, ...
A Monge-Naranjo - Annals of Finance, 2009 - Springer
Abstract The presence of credit constraints can shape the entry, growth, and size distribution
of firms. In this paper, I consider the optimal contract between banks and entrepreneurs in an
economy in which limitations in the punishments for default induce limitations in the credit ...
[CITATION] Foreign firms, domestic entrepreneurial skills and development
A Monge-Naranjo - Northwestern University, 2007
[CITATION] Human capital, organization and foreign direct investment
A Monge-Naranjo - mimeograph, Northwestern University, 2002
LJ Hall, GE Arce, A Monge-Naranjo… - 2002 - papers.ssrn.com
Abstract: This paper investigates the inter-relation between the central government and the
municipalities in Costa Rica. It examines episodes in which the central government has
bailed out the local governments from their obligations. We employ empirical and ...
FJ Buera, A Monge‐Naranjo… - Econometrica, 2011 - Wiley Online Library
We study the evolution of market-oriented policies over time and across countries. We
consider a model in which own and neighbors' past experiences influence policy choices
through their effect on policymakers' beliefs. We estimate the model using a large panel of ...
L Lochner… - 2011 - nber.org
We review studies of the impact of credit constraints on the accumulation of human capital.
Evidence suggests that credit constraints are increasingly important for schooling and other
aspects of households' behavior. We highlight the importance of early childhood ...
[CITATION] Foreign Organizations and Human Capital
A Monge-Naranjo - Dept. of Economics, Northwestern University, …, 2002
A Monge-Naranjo, J Cascante, LJ Hall… - 2001 - papers.ssrn.com
Abstract: This paper examines the institutional determinants of incentives to repay in Costa
Rica and their effects on defaults and the design of financial contracts. Enforcement
mechanisms help to determine how much is paid back to creditors and how much ...
LJ Lochner… - 2007 - ssc.wisc.edu
Abstract This paper studies the nature and impact of different forms of credit constraints in
the market for human capital. We compare a standard model, in which credit constraints are
exogenous and fixed, with models in which credit limits endogenously respond to the ...
[CITATION] Foreign Know-How
A Burstein… - Firm Control, and the Income of Developing …, 2007
A Monge-Naranjo, J Luis, U Hall… - 2003 - papers.ssrn.com
Abstract: This paper examines the finances and the effect of credit limitations on the
behavior and performance of firms in Costa Rica. The study is based on a survey of
manufacturing firms conducted by the authors during 2001. The paper characterizes the ...
CGF Valdovinos… - 2004 - depot.gdnet.org
Abstract. This paper explores the economic growth in Paraguay from 1962 to the present.
We discuss in detail the different episodes as policies and growth results were very different
across periods. Overall, the weakest accomplishments of the Paraguayan economy are ...
L Lochner… - 2004 - faculty.wcas.northwestern.edu
In the 2000-01 academic year, over 9 million American college students borrowed a total of
more than $38 billion from federal student loan programs to help finance their education
(The College Board [5]). Should the government be providing more credit? If so, should all ...
AM Naranjo - 1999 - lacea.org
Abstract This paper models the impact of interest rate shocks on the creation and destruction
of firms. The mechanism by which these shocks are transmitted across firms behavior is
based on limited commitment to contractual arrangements. A firm's temptation to default ...
AM Naranjo - IDB Publications, 2004 - ideas.repec.org
This paper will examine the Paraguayan growth experience since the early 1960slooking at
different periods to try to identify the main factors behind particular levels performance.
Studying the determinants of growth is particularly important for a country like Paraguay ...
A Monge Naranjo - 1999 - en.scientificcommons.org
Publikationsansicht. 35157218. Financial markets, creation and liquidation of firms and
aggregate dynamics / (1999). Monge Naranjo, Alexander. Abstract. Thesis (Ph. D.)--University
of Chicago, Dept. of Economics.. Includes bibliographical references. ...
A Monge-Naranjo - 2006 Meeting Papers, 2006 - ideas.repec.org
I study the implications for the development of a country hosting of multinational firms. The
paper argues that despite the negative impact on existing local firms, the presence of foreign
firms induce the emergence of a new sector of domestic firms and that in the long term, the ...
A Monge-Naranjo - ipl.econ.duke.edu
Abstract This paper examines a key policy question for many developing countries: Should
they allow and even subsidize the entry and operation of multinational firms? I consider a
model in which spillovers drive the formation of productive knowledge, the typical ...
Abstract We consider a world economy in which entrepreneurs from developed countries
can choose to produce in their own country or to locate their production activities in one of
many different developing countries. The model explicitly allows for heterogeneity in the ...
F Buera, A Monge-Naranjo… - 2010 - cepr.org
We study the evolution of market-oriented policies over time and across countries. We
consider a model in which own and neighbors' past experiences influence policy choices
through their effect on policymakers' beliefs. We estimate the model using a large panel of ...
CGF Valdovinos… - … of growth in Latin America: what …, 2005 - books.google.com
Poverty statistics paint an even bleaker picture. According to the 1999 Household Survey, 2
the urban poverty rate was 26.7 percent, with some 810,000 individuals barely able to buy
their daily food. Moreover about 6.1 percent of urban residents, or some 184,000 people, ...
AM Naranjo - faculty.econ.northwestern.edu
Abstract This paper models the transmission of aggregate fluctuations in an economy in
which limited commitment restricts the response of firms. A firmjs temptation to de $ fault
endogenously induces credit constraints in their optimal long $ term relationship with ...
LJ LOCHNER… - aeaweb.org
This document is a companion (online) appendix to our paper “The Nature of Credit
Constraints and Human Capital.” The first three sections describe some important details of
our analysis. The fourth section shows that the main results of the paper are fairly robust to ...
[CITATION] Enforcement, contract design, and default: exploring the financial markets of Costa Rica
AM Naranjo, J Cascante… - 2001 - Bid (Banco Interamericano de …
[CITATION] North-South International Mobility of Entrepreneurs
A Monge‐Naranjo… - 2008 - econ.psu.edu
Al igual que el grueso de países Latinoamericanos, los últimos veinte años han sido un
período de profundas transformaciones para El Salvador. Lo distintivo del caso salvadoreño
está no sólo en obstáculos que el país ha tenido que enfrentar, sino también en la ...
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google