The articles listed below have been accepted for publication after successfully passing the review process. They will be included in future issues of the journal.
Grace Carolina Guevara Rosero, Jonathan Rafael Quijia Pillajo, José Fernando Ramírez Álvarez, Oscar Omar Acero Almachi
Since innovation is a productivity driver that leads to economic growth, the case of a developing country, Ecuador, is studied. The aim of this paper is to measure the causal effect of innovation on firms’ productivity by distinguishing the type of innovation, namely, in products, in process, in organization and in marketing. To do so, an endogenous switching model is estimated using the Science, Technology and Innovation Activity Survey. The results indicate that the productivity loss is higher for innovating firms if they stop innovating than the productivity gain of non-innovating firms if they engage in innovation. The difference between the productivity losses and gains depends on the type of innovation.
Keywords: Productivity; innovation; firms; Latin America
This paper presents evidence of the influence of political competition on the behavior of fiscal policy in argentine provinces from 1987 to 2015. Contrary to the predominant theory and empirical evidence from subnational districts my estimations of a dynamic panel data show that political competition is associated with increases in public outlays and changes in its composition. This finding is strongly related to the large vertical fiscal imbalances that characterize the argentine fiscal federalism. I conjecture that governors use the additional low-cost spending power given by federal transfers to feed clientelistic networks, increase public employment and direct subsidies to constituencies, thus enhancing their chances to remain in office.
Keywords: political competition; soft budget constraints, fiscal policy, vertical fiscal imbalance, fiscal federalism
Victor Manuel Bellido-Jiménez, Domingo Martín-Martín, Isidoro Romero
This paper investigates the existence of specific patterns of survival in the case of the businesses created by self-employed immigrants compared to those driven by national self-employed. The analysis uses a database made up of all the businesses incubated by public support services developed by the Andalucía Emprende Foundation (Ministry of Employment, Training and Self-employment of the Regional Government of Andalusia) in the period 2009-14. The results show that the chances of survival of immigrant businesses are lower than that of national promoters even after controlling for territorial characteristics, the characteristics of the business projects and the personal characteristics of the self-employed. It is also observed that the educational level of promoters increases business survival, having a significantly larger effect in the case of the immigrant self-employed.
Keywords: business survival; entrepreneurship; incubation; immigrant; self-employment