Rolando Guzman

Instituto Tecnológico de Santo Domingo · Department of Economics

La República Dominicana mostró una buena trayectoria de crecimiento en las dos últimas décadas pero enfrenta desafíos muy relevantes en el presente. El objetivo central del trabajo es analizar estos desafíos. Con el objeto de evaluar las restricciones que podrían amenazar el crecimiento sostenido, se utiliza la metodología de “diagnóstico de crecim...

A number of recent papers in environmental economics have focused on the process of researching preferences – agents are uncertain about preferences but with effort may narrow their uncertainty. This issue has arisen in formulating bids in contingent valuation (CV) as well as the debate over the divergence between WTP and WTA. In the context of CV,...

Este artículo analiza el proceso de crecimiento económico de la República Dominicana durante el período 1950-2000. Durante ese período el país mantuvo un ritmo de crecimiento relativamente estable en el contexto de países latinoamericanos. La descomposición de las fuentes de crecimiento del producto muestran que el crecimiento ha dependido predomin...

This paper presents a simple model of auction equilibrium. The distinctive feature of the model is that each bidder may discover the value that the item represents for herself, provided she spends some amount in order to be well informed. For each agent, the decision of whether or not to acquire information depends on a private cost of information...

Este artículo analiza cuantitativamente los factores que determinan el nivel de escolaridad alcanzado por un individuo en el contexto dominicano. El estudio se basa en la estimación de un modelo de selección multinomial ordenado, el cual compara la incidencia de tres tipos de variables: características propias del individuo, características socioec...

This paper presents a simple model of experimentation and information externality. Specifically, we analyze an experimentation game in which the consequences of the actions of each agent can be costlessly observed by other agents. Our analysis provides a complete characterization of the noncooperative equilibrium in stationary strategies. In partic...

This paper presents a simple model of auction equilibrium. The distinctive feature of the model is that each bidder may discover the value that the item represents for herself, provided she spends some amount in order to be well informed. For each agent, the decision of whether or not to acquire information depends on a private cost of information...

There is considerable empirical and experimental evidence that there is a divergence between willingness to accept compensation to give up a good and willingness to pay to obtain a good. This divergence persists even when the good in question is small relative to income, a result in apparent conflict with standard economic theory. This paper develo...

This paper explores the relation between money, credit and aggregate product, in light of the Brazilian experience in the period 1980/1989. An essential element of the study is the estimation of a model with Error Correction Vectors (VEC), which allows the identification of the relations between variables in the short and long term, unlike conventi...

A number of recent papers in environmental economics have focused on the process of researching preferences - agents are uncertain about preferences but at a cost may narrow their uncertainty. This issue has arisen in formulating bids in contingent valuation as well as the debate over the divergence between WTP and WTA. In the context of contingent...

This paper develops a novel framework to analyze the dynamic interaction of capital accumulation, population growth, and immigration policy. This frame- work combines two dierent features which seem to prevail in several countries: a descentralized behavior of the agents in factors and goods markets, and a coali- tional attitude with respect to the...

El objetivo de este estudio es realizar una evaluación del gasto público en República Dominicana a fin de identificar los aspectos críticos y formular medidas concretas de reforma que permitan avanzar decididamente en mejorar la eficiencia, transparencia y focalización del gasto público. Esto redundará en una mayor legitimidad del Estado y le permi...