Leonardo Letelier- Doctor of Philosophy
- Managing Director at University of Chile
Leonardo Letelier
- Doctor of Philosophy
- Managing Director at University of Chile
About
42
Publications
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Introduction
Skills and Expertise
Current institution
Publications
Publications (42)
Under the argument that the existing municipal administration of public schools in Chile is poor and inequitable, a law was passed in 2017 thereby all schools will be handed over to 70 centrally dependent Local Education Services (LES). We hypothesize that a significant number of schools would do better if they remain administered by the municipal...
Resumen: La presente investigación tiene por objeto analizar las decisiones en torno a la deuda pública de los gobiernos locales de México en el marco de la Ley de Disciplina Finan-ciera de los Estados y Municipios (ldfem). Ello supone distinguir factores económicos y políticos, y su relevancia en este marco legal que define normas y limitaciones p...
Durante las últimas dos décadas, la utilización de reglas fiscales ha tenido un aumento significativo alrededor del mundo. Si bien la evidencia internacional ha destacado algunos beneficios a partir de su implementación, las experiencias de América Latina en la puesta en marcha y los resultados han sido heterogéneos. Esas reglas fiscales inicialmen...
This paper analyzes whether fiscal decentralization of education, health, housing, social protection, recreation, culture and religion, public order and safety, and transportation have a significant effect on individual well-being. The empirical analysis is based on a non-linear hierarchical model that combines individual data (level 1) with countr...
Chile implemented a radical reform in favor of decentralization at the beginning of the 1980s, with municipalities taking over the administration of public school education. The government that came to power in 2014 is committed to revert this reform, removing public schools from municipal control. Using panel data gathered between 2005 and 2013, t...
While there is an extensive list of publications to explain fiscal decentralization across countries and over time, with this being defined as the share of all subnational government expenditure compared with that of the general government, a vacuum still exists when it comes to a similar analysis for the separate functions of the state. This resea...
While there is an extensive list of publications to explain fiscal decentralization across countries and over time, with this being defined as the share of all subnational government expenditure compared with that of the general government, a vacuum still exists when it comes to a similar analysis for the separate functions of the state. This resea...
This research is intended to measure the gap between the existing level of grants for municipalities for school level education, primary health services and other services, regarding a theoretically advisable per beneficiary expenditure level based on the so-called ‘Fiscal Need Approach to Equalization’ as developed by Shah (1996, 2007). This gener...
This paper explores the political economy at the time of the 2012 tax reform, which paved the way for a radical tax increase in 2014. Both were an explicit response to demands to improve public education. As opposed to the 2014 reform, the 2012 tax adjustment was an unplanned decision made in the wake of a pact of long-term fiscal stability during...
Since Tibbits published in 1931 a study on the relationship between the business cycle and the electorate results, the analysis of economic voting has been outlining a theory that explains the decision of the voters. In this paper we present a model of economic voting, in which voters are assumed to be risk-neutral and uncertain about the prospecti...
This study makes a contribution in two basic areas. First, it sets up a model which combines efficiency as well as political economy aspects in explaining the degree of fiscal decentralization. It innovates in making explicit the benefits from better informed politicians and policy makers (Von Hayek effect) and the potential cost push effect on pub...
This study makes a contribution in two basic areas. First, it sets up a model which combines efficiency as well as political economy aspects in explaining the degree of fiscal decentralization. It innovates in making explicit the benefits from better informed politicians and policy makers (Von Hayek effect) and the potential cost push effect on pub...
Although Chilean municipalities are not permitted to borrow, they do so through arrears and leasing contracts. A formal model
of municipal indebtedness is estimated, based on a sample of 345 municipalities with yearly data from 2004 to 2007. Variables
that are positively and significantly related to borrowing through arrears are: mayors closely tie...
El artículo ofrece un marco analítico dentro del cual racionalizar y optimizar la gestión de catástrofes. El modelo planteado se basa en argumentos económicos tradicionales que justifican la acción del Estado, los cuales son puestos en el contexto de una función de producción de “seguridad ante catástrofes”. Se examina el caso del terremoto de Chil...
This book provides a new institutional economics perspective on the evolving role of local government in a globalized and localized world. The framework for local governance developed in this book represents a paradigm shift as it argues for top down mandates on local governance to be replaced by bottom-up compacts. Furthermore the role of local go...
The study makes a contribution in two basic areas. Firstly, by using a panel of 64 countries, a comprehensive set of hypotheses about the causes of Fiscal Decentralization is tested. Secondly, it goes beyond former studies by examining the causes of Fiscal Decentralization in different functional areas of the public sector. As opposed to previous s...
Este artículo discute el aporte de la teoría económica al problema de cómo los individuos resuelven problemas colectivos. Se presenta una visión histórica sobre el tema, la cual examina el legado de distintas escuelas de pensamiento sobre el particular. Partiendo con los economistas clásicos, se concluye con un análisis del pensamiento económico mo...
The paper attempts to explain the sharp increase in the Chilean domestic saving rate. It addresses the issue from different angles. It estimates the series for the period 1960-1994 for domestic saving and its main components (public and private saving and within the latter, household and business saving). With these data, a series of econometric an...
This paper is aimed to analyse in a dymanic context, the aggregate behaviour of the Chilean stock market. The theoretical framework in which this study is based on, hinges upon the view that asset prices relate to a number of state variables, which captur
Las reformas llevadas a cabo en Chile a partir de mediados de los setenta tendientes a reducir el tama�o del Estado y a hacer m�s eficiente y efectivo su funcionamiento han sido, en general, evaluadas positivamente. Ellas contemplaron, entre otras medidas, reducciones de personal del sector p�blico, ajustes de planilla, consolidaci�n y re definici�...
We investigate the salary returns to the ability to play football with both feet. The majority of footballers are predominantly right footed. Using two data sets, a cross-section of footballers in the five main European leagues and a panel of players in the German Bundesliga, we find robust evidence of a substantial salary premium for two-footed ab...
The paper analyses the behavior of quarterly nominal wages in Chile between 1980.3 and 1995.3. The aim is to estimate a long run wage relationship that allows to identify periods of wage disequilibria. A vector autoregressive model is estimated with Johan
This paper is intended to analyze, in a comparative perspective, the financing mechanisms of urban local governments in two groups of countries. The first group refers to a sample of OECD countries. They are rather decentralized, and have institutional features which date back many years from now. The scope of responsibilities faced by these countr...
This paper focuses on the relationship between income distribution and growth. It first addresses the theoretical contributions to this issue and secondly it analyzes the empirical evidence available. Three important steps can be distinguished in the theoretical debate. The first one was initiated by D. Ricardo and it deals with factor Income Distr...
This paper deals with the long run relationship between exports, outward orientation and growth. The basic hypothesis impinges upon the new generation of endogenous growth models, which provides the theoretical framework to link trade policies with total
This paper reviews the main theoretical contributions on Fiscal Federalism. In order to see the degree to which some of this concepts can be applied in practice, the case of the Chilean municipal system is analyzed. Two important conclusions can be said t
Este estudio pretende examinar el proceso de descentralización fiscal (DF) en Centroamérica --un lugar común en los planes de desarrollo y en el discurso político durante toda la década de 1990-- bajo dos premisas básicas. La primera es considerar a la DF como un factor potencial de la modernización del Estado, el cual se justifica en razón de su e...
Questions
Question (1)
I am running a multilevel logistic model in odd ratios. My doubt hinges upon the interpretation of the variance of the random part of the model. Since I have three levels, I got two fixed effects estimations, each of them with a correponding variance. I wonder though , what the meaning of that variance coefficient is. Since they are above one, I am temted to give them the same interpretation of the covariates odd ratios, but it seems difficult to undertand concetually.
I am attachin the file with results.
Thanks a lot for your help: Leonardo
