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Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Goal: The relationship between air pollution and human health has been widely studied in medicine and economics. However, only a few recent articles have estimated the direct impact of air pollution on academic achievement. Methodology: We collect daily air pollution data from all monitoring stations in the city of Santiago, Chile, and combine it with academic results recorded by the National Learning Outcome Assessment System of (SIMCE in Spanish) for fourth grade students over the past decade, to create a unique pooled cross-sectional dataset. Results: Applying different econometric strategies, we find that certain air pollutants have a negative impact on the test scores of the cohort. Our estimated effects are negative and statistically significant, ranging between 0.02 and 0.06 standard deviations. Conclusions: These results seem to be small, but are equivalent to around 30% of a successful educational policy that specifically targets performance. Recommendations: Public policy must consider the positive externalities of reducing air pollution. [ABSTRACT FROM AUTHOR]

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo y Sociedad is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

En el presente trabajo se testea el modelo de gravedad para los principales acuerdos de integración (NAFTA, UE, MERCOSUR y CAN) en el período 1980-1999, utilizando datos de panel y con el objetivo de evaluar los costos y beneficios que generará el Acuerdo de Libre Comercio para las Américas (ALCA). El análisis predominante en la estimación del modelo de gravedad es de corte transversal y minoritario en series de tiempo. Sin embargo, todas las aplicaciones incurren en problemas de mala especificación econométrica debido a que no toman en cuenta la heterogeneidad (efecto país) y el efecto cíclico (tiempo) de las relaciones bilaterales entre los países. Por consiguiente, se producen estimadores sesgados en presencia de correlación entre los regresores, lo que implica que los errores estándar en las predicciones sean muy grandes. En este sentido, se utilizan datos de panel que demuestran que la especificación econométrica correcta de un modelo de gravedad debería ser de efectos fijos país y tiempo, corroborado mediante el test de Hausman (1978) y fundamentado por la explicación de los efectos país como determinísticamente asociados a factores históricos, políticos, institucionales y geográficos. Asimismo, se realizan estimaciones en diferentes especificaciones y modelos. Adicionalmente, se consideran los parámetros mediante el modelo de Panel de Corrección de Errores Estándar (PCSE) para chequear que el método Mínimos Cuadrados Generalizados Factibles (MCGF) no esté subestimando la covarianza de los errores. En el examen de los efectos de los distintos acuerdos de libre comercio se encuentra evidencia de que la integración de las economías a dichos acuerdos genera comercio. Las principales implicancias son de doble índole. Primero, referente a la correcta estimación de los flujos comerciales típicamente sesgados en corte transversal. Segundo, el conocimiento de las propensiones a importar (exportar) de los países permite identificar los mercados potenciales guiando a los policy makers en los procesos de negociación de los acuerdos comerciales. [ABSTRACT FROM AUTHOR]