Investigación

Desarrollamos proyectos propios de investigación y promovemos la interacción de académicos de diversas áreas de la economía, con particular énfasis en microeconomía.

Asimismo, difundimos los hallazgos y el aporte de la ciencia económica mediante la docencia y el desarrollo de iniciativas de diseminación.

Lima Summer School in Economics

Lima School of Economics, in association with Vancouver School of Economics, organizes the Lima Summer School in Economics on a yearly basis. Participants can attend mini courses on advanced and relevant topics in Economics taught by leading international researchers. Lima Summer School is a great opportunity for postgraduate and advanced undergraduate students in Latin America to interact with and learn from a world-class faculty. It also offers recent graduates and practitioners in economics the opportunity to develop and strengthen their areas of expertise.


Summer School 2018

The 2018 Lima Summer School in Economics will include the following topics: Regression Discontinuity Designs, Empirical Analysis of Wage Differences: Discrimination and Decomposition Methods, and Behavioral Economics Applied to Healthcare. The Faculty is composed by professors from Vancouver School of Economics as well as by associated members of Lima School of Economics.

Faculty members
  • Dr. Thomas Lemieux (PhD Princeton) is a Professor at UBC’s Vancouver School of Economics. He obtained his PhD in economics from Princeton University. Prior to moving to UBC in 1999, Professor Lemieux held appointments at the Université de Montréal and at MIT. He is a Research Associate of the National Bureau of Economic Research, a fellow at the Royal Society of Canada and the Society of Labor Economists, and a past President of the Canadian Economics Association, which awarded him the Rae Prize for outstanding research in 1998. He is also a co-editor of the American Economic Review.
  • Dr. Nicole M. Fortin (PhD UBC) is a Professor of Economics at the University of British Columbia, where she obtained her Ph.D. in 1988, and a research fellow of the International Institute for the Study of Labor, IZA. Her research interests focus on two themes: on the one hand, wage inequality and its links to labor market institutions, higher education policies, and occupational tasks, and on the other hand, issues related to the economic progress of women, gender role attitudes, as well as educational gender disparities. She has co-authored the chapter on Decomposition Methods in the authoritative “Handbook of Labor Economics” published in 2011.
  • Dr. Alejandro Arrieta (PhD Rutgers) is a professor of health economics at the Department of Health Policy and Management of Florida International University, Miami, USA. He has been faculty at the School of Public Health of Indiana University, Indianapolis, and consultant at the Inter-American Development Bank and the Pan American Health Organization. He received his Ph.D. in Economics from Rutgers University. Dr. Arrieta has an active research portfolio in health economics and economic evaluations in health. A branch of his research focuses on how physician behavior and incentives affect the quantity and quality of health services, and how that shapes the role of the private sector in the health systems of Latin America.

Summer School 2017

The 2017 Lima Summer School in Economics will include the following topics: Identification Issues in Applied Econometrics, Taxation and Pension System Reform, and Banking and Corporate Finance in Emerging Economies. The Faculty is composed by professors from Vancouver School of Economics as well as by associated members of Lima School of Economics.


Summer School 2016

The 2016 Lima Summer School in Economics included three courses: Economics of Nonrenewable Resources: Overview and Recent Developments; Economics of Competition Policy; and Advanced Topics in Policy Evaluation and Research Design in Economics. The Faculty of the 2016 edition was formed by professors from Vancouver School of Economics as well as by associated members of Lima School of Economics: Dr. Brian Copeland (PhD Stanford University), Dr. Thomas Ross (PhD University of Pennsylvania) and Dr. Jose Galdo (PhD. University of Syracuse).

Lunes 21 mar. de 2016 08:00 - 10:15 a.m. - Aula C-22

Fairness or spite? What is the Ultimatum Game About?


Viernes 06 nov. de 2015 04:00 - 05:30 p.m. - Aula C-21

Progressive Universalism? Healthcare Utilization and Mortality Impacts of Peru's Integral Health Insurance
Sven Neelsen - Erasmus University Rotterdam

Viernes 16 oct. de 2015 04:00 - 05:30 p.m. - Aula c-21

State Capacity, Local Governance, and Economic Development in Vietnam
Melissa Dell - Harvard

International Workshop for Young Economists

Este evento convoca a economistas peruanos que hayan completado recientemente su tesis doctoral o estén próximos a concluirla. El propósito es que presenten su investigación y la enriquezcan con los comentarios del resto de participantes. La periodicidad de este evento es bienal. Desde el primer workshop, 40 economistas de más de 25 universidades de Norteamérica y Europa han expuesto sus proyectos de tesis doctoral.

Workshop 2016

El VI International Workshop for Young Economists se realizará el 21 y 22 de julio del 2016 en el campus de la Universidad en Lima. Se contará con la participación del Dr. Martín Rossi (Universidad de San Andrés) como keynote speaker.

Los siguientes documentos presentan más información:

Call for papers   Programa


Expositores del Workshop 2016

  1. Jorge Chávez
    University of Warwick
    "Local Export Spillovers in an Developing Country" (Descargar Paper)
  2. Ricardo Piqué
    Northwestern University
    "Electoral Platforms and Local Development in Peru" (Descargar Paper)
  3. Cristian Maravi
    University of Rochester
    “Labeling quits and layoffs under incomplete experience rating in the unemployment insurance system” (Descargar Paper)
  4. Patricia Ritter
    University of Chicago
    "Soda Consumption in the Tropics: The Trade-Off between Obesity and Diarrhea in Developing Countries" (Descargar Paper)
  1. Cristina Tello-Trillo
    Yale University
    "The Impact of Trade on Managerial Incentives and Productivity" (Descargar Paper)
  2. Sebastián Tello-Trillo
    Vanderbilt University
    "Effects of Losing Public Health Insurance on Healthcare Access, Utilization and Health Outcomes: Evidence from the TennCare Disenrollment" (Descargar Paper)
  3. Giannina Vaccaro
    University of Geneva
    "How to Reduce the Unexplained Gender Wage Gap? Evidence from a Regression Discontinuity Design" (Descargar Paper)
Expositores del Workshop 2014

  1. Nicolas Bottan
    University of Illinois at Urbana-Champaign
    "Overcoming the Tyranny of History: Evidence from Post-Apartheid South Africa"
  2. Renzo Castellares
    University of Virginia
    "Competition and Quality Upgrading in Export Markets: The Case of Peruvian Apparel Exports"
  3. Gabriela Cuadra
    University of California at Santa Cruz
    "The impact of Labor Market Frictions on Exporting Firm"
  1. Fernando Fernandez
    University of Calgary
    "Electrification and Educational: Outcomes in Rural Peru"
  2. Kristian López-Vargas
    University of Maryland Sandro Parodi
    "Promoting Pro-School Behavior through Reinforcement Messages"
  3. Lucciano Villacorta
    Center for Monetary and Financial Studies
    "Estimating country heterogeneity in aggregate CES production functions"
Expositores del Workshop 2012

  1. Italo Gutiérrez
    University of Michigan
    "Does Unemployment Insurance Discourage on-the-job Search? Evidence from Older American Workers"
  2. Manuel Hernández
    Texas A&M University
    "Group lending with heterogeneous types"
  3. Luis Llosa
    University of California - Los Angeles
    "Terms of Trade in Small Open Economies: The Role of Monopolistic Output Markets"
  4. Stanislao Maldonado
    University of California – Berkeley
    "Resource Curse, Political Support and Democratic Consolidation: Evidence from Peru"
  1. Fabrizio Orrego
    Carnegie Mellon University
    "Dedollarization and Financial Robustness"
  2. Jean Paul Rabanal
    University of California - Santa Cruz
    "The Strategic Default with Neighbors: A Laboratory Experiment"
  3. Fiorella Risso
    Université Paris Dauphine
    "La Formation des Aspirations Monetaires au Perou : Une Analyse des Processus d Adaptation et de Comparaisons Sociales "
  4. Hannes Schwandt
    Universitat Pompeu Fabra
    "Wealth Schocks and Health Outcomes: Evidence from Stock Market Fluctuations"
Expositores del Workshop 2010

  1. Marcos Agurto
    University of British Columbia
    "The Role of Social Capital on Improved Cooking Stoves Usage Decisions in the Peruvian Andes"
  2. Irma Arteaga
    University of Minnesota
    "The Relationship between Maternal Education and the Production of Cognitive Skills in Children: The Case of Peru"
  3. Diether Beuermann
    University of Maryland - College Park
    "The Effect of Telecommunications Technologies on Agricultural Profits and Child Labor: Evidence from Isolated Villages in Peru"
  4. Rodrigo Escudero
    IESE Business School
    "Private Information in Concentrated Markets with Forward Contracting"
  5. Verónica Frisancho
    Pennsylvania State University
    "Signaling Creditworthiness in Peruvian Microfinance Markets: The Role of Information Sharing"
  6. Verónica Frisancho
    Pennsylvania State University
    "Signaling Creditworthiness in Peruvian Microfinance Markets: The Role of Information Sharing"
  1. Gianmarco León
    University of California - Berkeley
    "Civil Conflict and Human Capital Accumulation: The Long Term Effects of Political Violence in Peru"
  2. Oswaldo Molina
    Oxford University
    "Impact of Property Rights on Poor Households’ Investment Decisions: A Treatment Evaluation of a Titling Programme in Peru"
  3. Eduardo Nakasone
    University of Maryland - College Park
    "The Impact of Land Titling on Labor Allocation: Evidence from Rural Peru"
  4. Fabrizio Orrego
    Carnegie Mellon University
    "Demography and the Predictability of Savings: The Role of Socialization"
  5. Alan Sánchez
    Oxford University
    "The Impact of Armed Conflict on Early Health and Nutrition in Peru"
Expositores del Workshop 2008

  1. Fernando Aragón
    London School of Economics
    "Candidate Selection and Quality of Politicians: Theory and Evidence from Latin America"
  2. Miguel Angel Carpio
    Universitat Pompeu Fabra
    "Does Pension Saving Crowd Out Voluntary Saving? Evidence from Social Security Privatization in Peru"
  3. Javier Coronado
    Universitat Pompeu Fabra
    "Can Competition Conditions and Market Structure Explain High Price Cost Margins in the Pharmaceutical Industry? The Case of Antihypertensives"
  4. José Antonio Dorich
    Universitat Pompeu Fabra
    "Testing for Rule of Thumb Price Setting"
  5. José Antonio Dorich
    Universitat Pompeu Fabra
    "The Welfare Losses of Price Rigidities"
  1. Roberto Duncan
    University of Wisconsin-Madison
    "Institutions and Cyclical Properties of Macroeconomic Policies"
  2. Edwin Goñi
    European University Institute
    "The Determinants of Rising Informality in Brazil: Evidence from Gross Worker Flows"
  3. Ruy Lama
    UCLA
    "Accounting for Output Drops in Latin America"
  4. Arturo Ormeño
    Universitat Pompeu Fabra
    "Great Moderation Debate: Should We Worry about Using Approximated Policy Functions?"
Expositores del Workshop 2007

  1. Alejandro Arrieta
    Rutgers University-New Brunswick
    "Effect of Market Structure on Health Quality in the New Jersey Hopsital Industry"
  2. Juan Carlos Bisso
    University of Virginia
    "Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error"
  3. Paul Castillo
    London School of Economics
    "An Estimated Stochastic General Equilibrium Model with Partial Dollarization: A Bayesian Approach"
  4. Ana Cecilia Dammert
    Syracuse University
    "Heterogeneous Impacts of Conditional Cash Transfers: Evidence from Nicaragua"
  5. José Antonio Dorich
    Universitat Pompeu Fabra
    "Resurrecting the Role of Real Money Balance Effects"
  6. Roberto Duncan
    University of Wisconsin-Madison
    "Is the Relationship between the US Current Account and Output Symmetric?"
  1. José Galdo
    Syracuse University
    "Training Quality and Earnings: The Effects of Competition on the Provision of Public-Sponsored Training Programs"
  2. Ruy Lama
    UCLA
    "Optimal Monetary Policy in a Small Open Economy under Segmented Asset Markets and Sticky Prices"
  3. Carlos Montoro
    London School of Economics
    "Inflation Premium and Oil Price Volatility"
  4. Hugo Ñopo
    Northwestern University
    "Economic Experiments to Measure Trust and Reciprocity in 6 Latin American Cities"
  5. Miguel Robles
    UCLA
    "Aggregate Effects of Imperfect Tax Enforcement"
  6. César Serra
    UCLA
    "Macro-Finance Implications of a General Equilibrium Model with Agency Costs"

Año 2017


  • Garmaise, Mark and Natividad, Gabriel
    "Consumer Default, Credit Reporting and Borrowing Constraints". Journal of Finance 72.5 (2017): 2331-2368. DOI: 10.1111/jofi.12522

  • Neelsen, Sven and O'Donnell, Owen
    "Progresive universalism? The impact of targeted coverage on health care access and expenditures in Peru. Journal of Health Economics (2017). DOI 10.1002/hec.3492".

  • Bernal, Noelia; Carpio, Miguel and Klein, Tobias
    "The effects of access to health insurance: Evidence from a regression discontinuity design in Peru". Journal of Public Economics 154 (2017): 122-136

Año 2016


  • Natividad, Gabriel
    "Quotas, Productivity, and Prices: The Case of Anchovy Fishing " Journal of Economics & Management Strategy 25 (2016): 220-257

  • Cabral, Luis and Natividad, Gabriel
    "Cross-selling in the US home video industry". The RAND Journal of Economics, 47 (2016): 29-47

  • Natividad, Gabriel and Rawley, Evan
    "Interdependence and Performance: A Natural Experiment in Firm Scope" Strategy Science 1 (2016): 12-31

  • Fracassi, Cesare, Garmaise, Mark, Kogan, Shimon and Natividad, Gabriel
    "Business Microloans for U.S. Subprime Borrowers". Journal of Financial and Quantitative Analysis, 51 (2016): 55-83

  • Cabral, Luis and Natividad, Gabriel
    "Box-Office Demand: The Importance of Being #1". The Journal of Industrial Economics, 64.2 (2016): 277-294

  • Garmaise, Mark and Natividad, Gabriel
    "Spillovers  in Local Banking Markets".  Review of Corporate Finance Studies, 5 (2) (2016): 139-165

  • DeRose, Laurie, Agurto, Marcos et. al
    "Children’s Living Arrangements and On-time Progression Through School in Latin America and the Caribbean". Journal of Family and Economic Issues. DOI: 10.1007/s10834-016-9502-7

  • Martínez-Carrasco, Miguel A.
    "Behavioral Spillovers in Organizations: A Selective Review", in Sebastian J. Goerg, John R. Hamman (ed.) Experiments in Organizational Economics (Research in Experimental Economics, Volume 19). Emerald  Group Publishing Limited, (2016) pp. 251-280

Año 2015


  • Natividad, Gabriel and Sorenson, Olav
    "Competitive threats, constraints, and contagion in the multiunit firm." Organization Science 26 (2015): 1721-1733

Año 2014


  • Agurto Adrianzén, Marcos
    "Social capital and improved stoves usage decisions in the Northern Peruvian Andes." World Development 54 (2014): 1-17.

  • Bernal, Noelia and Vermeulen, Frederic
    "The impact of an increase in the legal retirement age on the effective retirement age." De Economist 162.2 (2014): 115-145.

  • Natividad, Gabriel
    "Integration and productivity: Satellite-tracked evidence." Management Science 60.7 (2014): 1698-1718.

Año 2013


  • Agurto Adrianzén, Marcos
    "Improved cooking stoves and firewood consumption: Quasi-experimental evidence from the Northern Peruvian Andes." Ecological Economics 89 (2013): 135-143.

  • Calvo, Cesar and Dercon, Stefan
    "Vulnerability to individual and aggregate poverty." Social Choice and Welfare 41.4 (2013): 721-740.

  • Garmaise, Mark J. and Natividad, Gabriel
    "Cheap credit, lending operations, and international politics: The case of global microfinance." The Journal of Finance 68.4 (2013): 1551-1576.

  • Natividad, Gabriel
    "Financial capacity and discontinuous investment: Evidence from emerging market multibusiness firms." The Review of Financial Studies 26 (2013): 2375-2410.

  • Natividad, Gabriel
    "Financial slack, strategy, and competition in movie distribution." Organization Science 24 (2013): 846-864.

  • Natividad, Gabriel
    "Multidivisional strategy and investment returns." Journal of Economics & Management Strategy 22 (2013): 594-616

Working Paper Number: 3

Vulnerability to Poverty: Theory

César Calvo

Two competing strands exist within the theoretical literature on vulnerability to poverty, each with its own policy implications. Vulnerability may be seen as low expected utility and thus stress the danger of self-perpetuating poverty, as the poor shy away from risky, yet necessary decisions to escape their hardship. Alternatively, vulnerability is often construed as expected poverty and provides policy-makers with a forward-looking viewpoint that both sheds light and raises new questions on how best to formulate the targeting of social spending. This paper provides an overview of the theoretical work underpinning each of these competing views.

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Working Paper Number: 2

Keep the Chimneys Working: Improved Cooking Stoves and Housewives'Health in the Peruvian Andes

Marcos Agurto Adrianzén

This paper examines the effects of long term improved cooking stoves (ICS) usage on selfreported eye irritation symptoms and respiratory health in the Northern Peruvian Andes. To identify the effect of ICS, we exploit field data related to the quasi-random distribution of ICS with faulty iron frames. Our results indicate that ICS long term usage, with an operative chimney, reduces respiratory illnesses and eye discomfort symptoms among housewives. It is also shown that in the case of respiratory health, other household members may benefit from reduced household air pollution (HAP) exposure.

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Working Paper Number: 1

Migration as a channel of persistence of the effects of Peru’s mining mita: what surnames may reveal

Miguel Ángel Carpio - María Eugenia Guerrero

This paper proposes three indicators constructed from the surnames of the current population to analyze the effect of mita, a forced mining labor system in Peru and Bolivia during 1573 and 1812, on historical migration. The underlying assumption is that surnames within a community might be the same over time unless migration or mortality displacement takes place. The mita case is particularly appealing for applying our indicators because the use of surnames was introduced in the study region only since the Spanish conquest in 1532. We estimate the effect of mita by using a regression discontinuity design similar to the one conducted by Dell (2010), which exploits the exogenous variation in its geographic assignment.

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