Person: Larroulet Vignau, Cristián
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Larroulet Vignau
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Cristián
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Publication The Importance of Human Capital and Institutions in an Economic Reform Process: A Comparison of Two Programs(2011) Couyoumdjian, Juan Pablo; Larroulet Vignau, CristiánWhile the Klein & Saks team was working in the country, the Pontifical Catholic University of Chile entered into an academic agreement with the University of Chicago under the auspices of the U.S. government. The economists formed under this program would be very influential in Chile, as part of a new economic reform plan, since the mid-1970s. As we compare these programs we argue that one of the reasons why the Klein-Saks mission ultimately failed was because it did not articulate a critical mass of economists invested in their agenda. Together with institutions, human capital should be considered as an important element of a successful economic reform programPublication Ideas, Leaders, and Institutions in 19th century Chile(2018) Couyoumdjian, Juan Pablo; Larroulet Vignau, CristiánInstitutions matter for economic growth. Thus, the leaders who help to develop institutions, and their ideas and beliefs, must play a central role in any narrative that seeks to explain such growth. This leads to the appearance of institutional entrepreneurs, who act in a given cultural and political environment. We focus on the problem of state- building, where formal institutions designed by leaders must be consistent with a given society’s existing informal institutions. We consider an analytical narrative focusing on the Chilean experience in the 19th century. This serves as an interesting quasi-natural experiment on the role of ideas, leaders and institutions in the problem of economic growth and development. Chile has for several years won the reputation of the model republic of South America. She has been a law-abiding and peace-loving community, allowing her people the enjoyment of all wholesome liberty, and so conducting her administration and ruling her finance as to be able in the most difficult times to fulfill her engagements, to ensure order and prosperity at home and maintain her credit abroad. (The Times of London, April 22, 1880)Publication An agent-based model of school choice with information asymmetries(2019) Díaz, Diego A.; Jiménez, Ana María; Larroulet Vignau, CristiánGoing from a neighbourhood-based to a choice-based system of school selection can have positive effects on enrolment in higher achievement schools, increasing average student achievement. We develop an Agent-Based model (ABM) that simulates students’ decisions on a heterogeneous agents’ framework with information asymmetries between income levels, allowing to simulate school choice policies and determine their impact on school enrolment and average student achievement. We use data from Santiago schools to initialise the model and study the impact of a discrete information signal of school achievement, as a policy implemented in 2010 in Chile called traffic lights.