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Item type:Publication, How to develop the capital market?: make countries fitness(Pontificia Universidad Católica del Perú. Departamento de Economía, 2025-02)This paper examines the relationship between the competitiveness of a country’s productive system and the development of its capital markets. Competitiveness is measured using the Economic Fitness Index (EFI), which assess a country’s ability to produce diversified and complex goods. Analyzing panel data from 98 countries (1997–2022), the study finds a significant positive relationship between productive complexity and capital market development, even when controlling for macroeconomic stability, institutional quality, and banking development. The findings suggest that productive complexity enhances the demand for and supply of financial instruments, fostering deeper capital markets. Robustness checks using the Economic Complexity Index (ECI) confirm these results, underscoring the role of economic sophistication in financial market development. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The role of technology extension and transfer in firms’ innovation and productivity in Peru(Pontificia Universidad Católica del Perú. Departamento de Economía, 2025)This study examines how technology extension and transfer services (TETS) drive firm-level innovation and productivity. Since research and development (R&D) investments are subject to market failure, engaging with external agents enables firms to innovate at lower risk and cost. Using data from Peru’s National Innovation Survey (ENI), we apply the Crépon, Duguet, and Mairesse (CDM) model alongside propensity score matching (PSM) to enhance the reliability of our results. Additionally, we employ the generalized propensity score (GPS) method to analyze the sensitivity of innovation and sales outcomes to varying investment levels. The findings confirm that investment in training and external R&D significantly enhances innovation, thereby boosting labor productivity. However, this relationship is nonlinear, suggesting the presence of investment thresholds required to maximize impact. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Perceptions of own social class and local affluence: Effects on preferences for redistribution(Pontificia Universidad Católica del Perú. Departamento de Economía, 2025-11)We conducted an online survey experiment in Lima to study how perceptions of social class shape support for economic redistribution. Participants were randomly informed about either their actual socio-economic status (SES) or the true share of affluent households in their district. Respondents substantially overestimated their own SES and, to a lesser extent, the prevalence of affluent households. Correctingthese misperceptions generally increased support for redistribution, with no effect on a wealth-tax proposal. Effects were especially strong when respondents had misjudged their SES by two or more levels: even those predisposed against redistribution (e.g., right-leaning, individualistic, or sceptical of government) increased their support. Similar patterns also emerged when correcting beliefs about the local distribution of SES. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Motherly Care: The impacts of exiting a childcare program on child and maternal health(Pontificia Universidad Católica del Perú. Departamento Académico de Economía., 2025-09)We investigate the unintended impacts of exiting Peru’s Cuna Más public childcare program on child and maternal health. With increased public childcare use in developing countries, understanding the effects of program exit is critical. We use Cuna Más’ strict age-based graduation rule to identify causal impacts, leveraging comprehensive data from the Demographic and Family Health Survey for the period 2015-2019. Our results suggest that mothers prioritize their children’s health over their own upon program exit. While maternal mental health shows a notable decline, children’s health remains unaffected. These results have important policy implications, highlighting the need for post-program transitional support to mitigate hidden costs for mothers and enhance the positive outcomes children gain during program participation. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, No early advantage? The effects of preschool entry-age policies on child development in Peru(Pontificia Universidad Católica del Perú. Departamento de Economía, 2025-09)School entry cutoff policies establish the minimum age required to start school at a given date, Determining whether a child is in a classroom with younger or older peers, which can affect their development. Existing research, particularly from high-income countries, shows that younger students face disadvantages in several areas, but little is known about the effects in low- and middle-income countries and for preschool children. We leverage the discontinuity created by government-imposed school entry cutoffs to measure the impact of late enrollment on child nutrition and early childhood development outcomes. Using data from Peru’s Demographic and Health Surveys and a fuzzy regression discontinuity design, we show that the laxly enforced preschool entry age policies significantly increase the probability of late enrollment, but on average they do not affect child health or early childhood development. Nonetheless, we find that these insignificant effects hide differential impacts for boys and girls, and poor children. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The inflation uncertainty-inflation relationship: time variation across Latin America and the G7(Pontificia Universidad Católica del Perú. Departamento de Economía, 2025-03)This paper examines the evolution of the inflation uncertainty-inflation relationship in seven Latin American countries and the G7 from Q1 1948 to Q4 2023, using the time-varying parameter stochastic volatility in mean (TVP-SVM) model of Chan (2017) and its extension incorporating time-varying mixture innovations (TVP-SVM-TVMI) from Hou (2020). The key findings are as follows: (i) the TVP-SVM model is preferred in 8 out of 14 countries; (ii) inflation uncertainty has been higher in Latin America than in the G7, particularly during the 1980s "lost decade"; (iii) log-inflation uncertainty is more persistent in Latin America; (iv) there is no evidence supporting the hypothesis of Friedman (1977) in any of the countries analyzed; (v) the Cukierman-Meltzer hypothesis (1986) holds, as the uncertainty-inflation relationship is positive and time-varying in all countries; (vi) this relationship is stronger and statistically significantduring periods of high inflation uncertainty; and (vii) there is evidence of more structural breaks in this relationship in Latin America than in the G7. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Diagnostic report on two educational institutions in Metropolitan Lima: Kumamoto No 3092 and Okinawa No 1283(Pontificia Universidad Católica del Perú. Centro de Investigaciones y Servicios Educativos (CISE), 2025-04)Este informe presenta los resultados de la evaluación diagnóstica aplicada a dos escuelas públicas que recibieron apoyo de la Fundación Nippon para su construcción en la década de 1990. El diagnóstico recopila información sobre infraestructura, desarrollo profesional docente, salud estudiantil, gestión educativa y desarrollo curricular, con el fin de elaborar una propuesta de acciones de mejora basada en el análisis realizado. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The paths of International Cooperation in Public Education: challenges and opportunities of its initiatives in the Peruvian Educational System(Pontificia Universidad Católica del Perú. Centro de Investigaciones y Servicios Educativos (CISE), 2025-04)El informe busca brindar una guía clara al lector mediante un análisis exhaustivo de la influencia de la cooperación internacional en el sistema educativo peruano, así como de las lecciones y recomendaciones para el futuro. A lo largo de cinco capítulos, examina los desafíos históricos y estructurales del sistema educativo, la contribución de los socios internacionales para el desarrollo y las perspectivas para lograr una educación más equitativa y de calidad. El propósito de este análisis es brindar una visión que permita a los actores involucrados maximizar el impacto de sus intervenciones para contribuir al desarrollo de un sistema educativo más inclusivo y justo. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Grobner basis and solution set of a polynomial system related to the Jacobian conjecture(Pontificia Universidad Católica del Perú, 2025-11-05)We compute the Groebner basis of a system of polynomial equations related to the Jacobian conjecture, and describe completely the solution set. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, A Multi-Construct Protocol for Assessing Child–Robot Interaction in Primary School Settings(Springer Science+Business Media, 2026-09-03)