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The administration of the domiciliary public utility companies must ensure compliance with their demand, ensuring the available financial resources cover the costs and achieve dividends for owners. This paper proposes a methodology for measure the efficiency of domestic utility companies in Colombia through a stochastic frontier, considering information from 2014 to 2018 from 44 companies, showing an efficiency ranking of firms, the result shows company's resource efficiency rate is 39%. [ABSTRACT FROM AUTHOR]

This paper concerns the study of Colombian foreign policy. Specifically, it applies foreign policy analysis (fpa) methods to the study of Colombian international politics and international relations. Embarking from the analytical framework of International Regimes, the work describes a specific approach to their study, and thereafter traces the process that preceded Colombia's accession to the Organization for Economic Cooperation and Development (oecd). It analyzes how the decision to join the oecd is best understood as a foreign policy strategy on the part of the national government. The paper also offers a preliminary evaluation of the process of institutional adaptation accompanying oecd membership and its impact on Colombian society. The article is based on the analysis of primary sources related to the decision-making process carried out by both the national government and the oecd. Additionally, it uses a variety of other sources to illuminate a foreign policy strategy implemented in a complicated international context, one only made more difficult by the onset of the Covid-19 pandemic. In this manner, the paper discusses the challenges and importance of oecd membership, including the delay of its formalization to the point of coinciding with the Covid-19 pandemic. Such unfortunate timing has likely contributed to the perception among many Colombians, of the fruitlessness of membership. While indeed complex and challenging, the paper seeks to present the situation of Colombian membership in more nuanced light. [ABSTRACT FROM AUTHOR]

Simulations and empirical studies suggest that incorporating a discontinuous jump process in asset pricing models improve volatility forecasting, pricing of instruments, and hedging positions in a portfolio. In this paper we analyze high frequency market data of Colombian sovereign bonds to study the presence or absence of discontinuities in the price generating process. We find that Colombian sovereign debt experiments jumps across all maturities but with different frequencies, in particular, we do not find that long term bonds jump less frequently than short term bonds. Furthermore, bonds with closer maturities cojump in greater magnitude than those with a greater distance between them. Finally, we find significant day-of-the-week effects, as well as an important increase in the jump frequency due to surprises in economic information related to US monetary policy, and no effect due to direct monetary policy announcements in Colombia. [ABSTRACT FROM AUTHOR]

This research paper presents a method for the analysis of codes of ethics driven by the strategic interests of the organization. For the review of codes of ethics it is important understand your value structure. The first step consists in a statistical analysis of terms that denote values. The second step consists in a semantical network analysis of the code. This method is presented on the example of the code of ethics of the Fiscalía General de la Nación, Colombia (2008). The proposed method is able to detect, in a detailed manner, emphasis as well as biases in the values' structure of codes of ethics. Thus, it is possible to propose revisions of codes of ethics that are guided by the organization's strategic values. The proposed method fills a void in the literature in relation to general methods for the analysis of codes of ethics with strategic goals. [ABSTRACT FROM AUTHOR]

This paper estimates the Laffer curve through a comparative statical analysis and an econometric exercise. Starting from a microeconomic specification, it first analyzes the distortion caused by an indirect tax and the welfare implications of maximizing tax collection. Then, using data on real per capita tax revenue and the tax rate, an estimate of an econometric model to calculate the optimal tax rate in Colombia is made. The results show that Laffer's postulates are proven with an optimal rate of 32% and suggest that the government has a margin of almost 12 percentage points. [ABSTRACT FROM AUTHOR]

This paper explores the credibility of monetary policy in Colombia and its evolution after the adoption of the inflation targeting system. To do so, a non-linear Phillips curve is estimated based on unemployment for an open economy, which incorporates the direct effect of past inflation rate on price formation and a prospective component. It shows a deeper trade-off between inflation and unemployment and lower inflationary persistence. Consequently, the country could emphasize the greater responsibility of the central bank in economic growth and employment. [ABSTRACT FROM AUTHOR]

This paper studies the relationship of the perception of corruption and lack of transparency with voting preferences and protests. It examines the case of Colombia using data from the 2015 Latinobarómetro Survey and a multinomial logistic model that assumes a simultaneous choice of participation type (or a combination of types), which allows us to establish whether the preference for protest substitutes or complements the preference for voting. A positive relationship was found between the perception of corruption and lack of transparency with the preference to protest in addition to voting. If citizens perceive greater corruption or doubt government transparency, they are more willing to participate in demonstrations, without reducing their support for electoral participation. This suggests that there is a general acceptance of formal democratic participation despite the shortcomings of the political regime. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of the decentralization policy on the education sector of the Department of Huila. It uses panel data on fiscal, administrative and political decentralization, as well as educational coverage and educational quality of all its municipalities in the period 2005-2015. The results show that educational coverage has a positive relationship with administrative decentralization, and that fiscal, administrative and political decentralization contribute to improving the quality of municipal education. [ABSTRACT FROM AUTHOR]