Are universities the best alternative for a professional degree? Chilean evidence

In this article we question the notion that professional institutes cool out their students, disabling their admission to university. In order to do so we correct several methodological problems of previous studies that compares universities and professional institutes. Specifically, we compare programs given simultaneously by both institutions and real cohorts instead of artificial ones are used. Our results refute the evidence available which suggests a relative dominance of universities over professional programs. An interesting result obtained is that controlling for the quality of the students received, graduates from professional programs exhibit between 4% and 31% higher incomes than their peers from universities.

Review of the theoretical approaches to external adjustment and their relevance for Latin America

Includes bibliographyPresenta un resumen de los enfoques teoricos - y una evaluacion de su pertinencia - que se han planteado para analizar los problemas del ajuste ante desequilibrios del sector externo de los paises de America Latina: el de la cuenta corriente que pone el enfasis en el comercio internacional; el de la cuenta de capitales que lo pone en los flujos de financiamiento; y el monetario de la balanza de pagos que se centra en el equilibrio global de los pagos internacionales