Marcela Meléndez EDUCATION
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1 Marcela Meléndez Carrera 7 No Office 101 Bogotá D.C., Colombia Tel.: (571) Mobile: (57) mmelendez@econestudio.com EDUCATION Ph.D., Economics, Yale University, New Haven, CT, May 2002 Master, Public and Private Management, Yale School of Management, New Haven, CT, December Admitted to equivalent degree of M.B.A., B.A., Economics, Universidad de los Andes, Bogotá, Colombia, March WORK EXPERIENCE Managing Partner, ECON ESTUDIO, Bogotá, Colombia, 2009-present. Adjunct Professor, Department of Economics, Universidad de los Andes, Bogotá, Colombia, , 2009-present. Associate Researcher, Fedesarrollo, Bogotá, Colombia, Associate Consultant, Económica Consultores Ltda., Bogotá, Colombia, Research Economist, Inter-American Development Bank, Washington DC, Deputy Director and Associate Researcher, Fedesarrollo, Bogotá, Colombia, Professor and Researcher, Department of Economics, Universidad de los Andes, Bogotá, Colombia, Teaching Fellow, Department of Economics, Yale University, New Haven, CT, Researcher, Fedesarrollo, Bogotá, Colombia, RESEARCH AND CONSULTING Fields of interest Policy design and evaluation; Applied microeconomics; Antitrust and Competition Policy; Regulation of Infrastructure Services; Productivity; Political Economy; Poverty and Inequality. 1
2 Publications Books and chapters in books Meléndez, M. and A. Montenegro (compilers) (2014). Equidad y Movilidad Social: Diagnósticos y Propuestas para la Transformación de la Sociedad Colombiana. Ediciones Universidad de los Andes. Ferreira, F.H.G. and M. Meléndez (2014). Desigualdad de resultados y oportunidades en Colombia: in Equidad y Movilidad Social: Diagnósticos y Propuestas para la Transformación de la Sociedad Colombiana. Ediciones Universidad de los Andes. Arbeláez, M.A., N. León and M. Meléndez (2012). The emergence of fresh cutflower exports in Colombia en Export pioneers in Latin America, Ed. Charles Sabel, Eduardo Fernandez-Arias, Ricardo Hausmann, Andrés Rodríguez-Clare and Ernesto Stein. IDB and David Rokefeller Center for Latin American Studies - Harvard University. Meléndez, M. and G. Perry (2009). La política industrial en Colombia en Desafíos del crecimiento en Colombia: Políticas deficientes o insuficientes?, Ed. Fidel Jaramillo, IDB and Fedesarrollo. Harker, A. and M. Meléndez (2009). Revisando de nuevo el crecimiento económico en Colombia: Una perspectiva microeconómica en Desafíos del crecimiento en Colombia: Políticas deficientes o insuficientes?, Ed. Fidel Jaramillo, IDB and Fedesarrollo. Barrera, F. and M. Meléndez (2009). Agricultural subsidies, trade barriers and poverty: Household micro-simulation for Colombia en Global Exchange and Poverty, Trade, Investment and Migration, Eds. Robert E.B. Lucas, Lyn Squire, T.N. Srinivasan and Samuel C. Park, Jr. Edward Elgar Publishing. Eslava, M. and M. Meléndez (2009). Cómo influyen los grupos de interés sobre las políticas de productividad en Consecuencias imprevistas de la Constitución de 1991: La influencia de la política en las políticas económicas, Eds. Eduado Lora and Carlos Scartascini. Alfaomega Colombiana S.A. Aguilar, C., M. Cárdenas, M. Meléndez and N. Salazar (2008). Development of the bond market: the case of Colombia en Bond Markets in Latin America, On the Verge of a Big Bang?, Eds. Eduardo Borensztein, Kevin Cowan, Barry Eichengreen and Ugo Panizza, MIT Press. Gómez-Lobo A. and M. Meléndez (2008). Colombia en Social Policies and Private Sector Participation in Water Suppy, Ed. Naren Prasad. Palgrave Mc Millan. Journal articles Crespi G., L.F. Garone, A. Maffioli and M. Meléndez (2015). Long-term productivity effects of public support to innovation in Colombia. Emerging Markets Finance and Trade, 51, 1. Mejía P. and M. Meléndez (2014). Middle-Class Entrepreneurs and the Inadequate Prospects of Social Mobility through Entrepreneurship in Colombia. LAJE, 51, 2. 2
3 Arraiz I., M. Meléndez and R. Stucchi (2014). Partial Credit Guarantees and Firm Performance: Evidence from the Colombian National Guarantee Fund. Small Business Economics: An Entrepreneurship Journal. 43, 2. Sanchez F and M. Meléndez (2008). La competencia en el mercado de las Cajas de Compensación Familiar. Coyuntura Social, 38 and 39. Meléndez M. (2008) Subsidios al consumo de los servicios públicos: reflexiones a partir del caso Colombiano. Perspectivas, 6, 1. Arbeláez M.A. and M. Meléndez (2006) Gobierno y sector privado: oponentes o aliados en el proceso de desarrollo. Coyuntura Económica, XXXVI, 2. Seim K. and M. Meléndez (2006). La productividad del sector manufacturero colombiano y el impacto de la política comercial: Desarrollo y Sociedad, 57. Casas C., P. Medina and M. Meléndez (2005). Subsidios al consumo de los servicios públicos en Colombia Hacia donde movernos?. Coyuntura Social, 33. M. Meléndez and R. Paredes (2005). Herramientas y políticas para reducir impactos negativos de cambios estructurales. Coyuntura Económica, XXXV, 1. Other publications Eslava, M., M. Meléndez and Guillermo Perry (2015) Notas sobre política de desarrollo productivo en Colombia. Policy Notes Series. CEDE and School of Government, Universidad de Los Andes, Colombia. Galán, J.S., M. Eslava and M. Meléndez (2012). El impacto del crédito de Bancóldex sobre el desempeño y acceso al crédito de sus beneficiarios: una reseña. Coyuntura Pyme, ANIF, Bogotá. Comment to Competition in the Chilean banking sector: a cross-country comparison, by M. Karasulu. Economia (2007), Journal of the Latin American Economics Association (LACEA). Meléndez, M. and T. Vásquez (2009). Análisis de competencia en la industria colombiana de cigarrillos. Cuadernos de Fedesarrollo, No. 28. Goméz-Lobo, A. and M. Meléndez (2007). La política social de telecomunicaciones en Colombia. Cuadernos de Fedesarrollo, No. 23. Archila, A., G. Carrasquilla, M. Meléndez and J.P. Uribe (2006). Protección a la propiedad intelectual en el sector de medicamentos. Cuadernos de Fedesarrollo, No. 21. Aguilar, C., N. León and M. Meléndez (2006). El sector de materiales de Construcción en Bogotá y Cundinamarca. Cuadernos de Fedesarrollo, No. 20. Cárdenas, M., A. Gaviria and M. Meléndez (2006). La infraestructura de transporte en Colombia. Cuadernos de Fedesarrollo, No. 17. Casas, C., N. León and M. Meléndez (2005). Evaluación del impacto del TLC entre Colombia y Estados Unidos en la economía del Valle del Cauca. Cuadernos de Fedesarrollo, No
4 Working papers On the effect of the costs of operating formally: New experimental evidence (with Sebastián Galiani and Camila Navajas). NBER Working Paper 21292, Untargeted public lending: adding to private credit or substituting it? Evidence from Colombia (with Marcela Eslava and Alessandro Maffioli). Manuscript, Public-private collaboration for productive development policies in Colombia (with Marcela Eslava and Guillermo Perry). IDB Working Paper IDB-WP-479, 2014 Small is not beautiful: firm-level evidence of the link between credit, firm size and competitiveness in Colombia (with Arturo Galindo), IDB Working Paper IDB- WP-395, International Product Fragmentation and the Insertion of Latin America and the Caribbean in Global Production Networks: Colombian Case Studies (with María José Uribe). IDB Working Paper IDB-WP-374, Credit, Labor Informality and Firm Performance in Colombia (with Lorena Caro and Arturo Galindo), IDB Working Paper IDB-WP-325, Corporate tax stimulus and investment in Colombia (with Arturo Galindo), IDB Working Paper IDB-WP-173, Politics, policies, and the dynamics of aggregate productivity in Colombia (with Marcela Eslava), IDB Working Paper IDB-WP-101, Industrial Policies in Colombia (with Guillermo Perry), IDB Working Paper IDB- WP-126, Productivity dynamics of the Colombian manufacturing sector, (with Pablo Medina and Katja Seim). CEDE Working Paper Research in progress The Impact of Taxes and Transfers on Inequality and Poverty in Colombia (with Nora Lustig). Under the umbrella of the Commitment to Equity (CEQ) project. Taxing where you should: Formal employment and Corporate Income vs. Payroll Taxes in Colombia (with Marcela Eslava and Raquel Bernal). Consulting projects Guidelines for subsidy design and implementation (with Manuel José Cepeda). Project for the government of Colombia, in progress. SMEs Access to financing in Colombia. Policy document commissioned by the IDB to present to the government of Colombia, Private participation in the financing of infrastructure in Colombia. Policy document commissioned by the IDB to present to the government of Colombia, Perceptions and evidence about corruption in transport infrastructure procurement in Colombia. Commissioned by the Colombian Chamber of Infrastructure Efficiency analysis of allocation of resources in education. Project for the Ministry of Education of Colombia
5 Export promotion policies in Colombia: a proposal for optimization. Project commissioned by CAF for the Ministry of Industry, Trade and Tourism of Colombia, Policies against smuggling (with Guillermo Perry). Policy document commissioned by the Entrepreneurial Alliance against Smuggling (CCEC for its acronym in Spanish to present to the government of Colombia Analysis of diversion ratios in Gatorade-Squash merger case. Project for Pepsico and Postobon, Engineering and transport infrastructure in Colombia. Policy document commissioned by the Colombian Chamber of Infrastructure to present to the government of Colombia Analysis of institutional limitations for quality in the provision of government services in Colombia. Responsible for two policy documents: water and sanitation services and birth certification (with Arturo Harker) and for the summary paper of the whole project. Policy documents commissioned by the IDB to present to the Colombian government Indicators and guidelines for impact evaluation for the Social Map. Project for the Social Protection Department of Colombia (DPS), Support to the Ministry of Education of Colombia in the production of information to facilitate decision-making. Advisory to the Ministry of Education of Colombia, Expert report in the case ISAGEN/EPM vs. TGI. Commissioned by IEB and Emilio Archila Abogados for ISAGEN and EPM, Regulating private schools prices. Study commissioned by the Association of Private Bilingual Schools of Colombia (UCB) to present to the Ministry of Education of Colombia Analysis of central government transfers to subnational governments in Colombia (with Econometría Ltda). Study commissioned by the National Planning Department of Colombia Advisory to the Ministry of Transport of Colombia in the case of Puerto Nuevo (with Gustavo Valbuena), Support to SENA in the production of information to facilitate decision-making. Advisory to SENA, Definition of relevant market to support authorization for merger presented by PEPSICO and Postobon to the National Competition Authority of Colombia. Commissioned by PEPSICO and Postobon, The Colombian coffee institutions (with Eduardo Lora and Mariano Tommasi). Policy document commissioned by the Colombian government as part of the umbrella project Misión del Café Advisory to Terpel to support decision of entering in partnership with CENIT to operate business infrastructure in Tocancipá. Commissioned by Terpel, Analysis of Natural Gas residential markets. Commissioned by Naturgas, Análisis of Fondo de Estabilización de Precios para los azúcares centrifugados, las melazas derivadas de la extracción o del refinado de azúcar y los jarabes de azúcar (FEPA). Commisioned by the Ministry of Industry, Trade and Tourism of Colombia,
6 Design of methodology to identify barriers to firm formalization in Colombia. Application to case studies. Commissioned by the Chamber of Commerce of Cali and the IDB, Expert concept in antitrust investigation opened by the National Competition Authority of Colombia through Resolución No de Commissioned by CEMEX Colombia S.A., Proposal of flat tax for alcoholic beverages in Colombia (with Carlos Hurtado), Commissioned by ACIL Competition and government intervention in the Colombian liquid fuels industry (with Carlos Caballero and Ricardo Paredes). Commissioned by Asociación Colombiana del Petróleo, ACP Tariffs and effective protection rates in the Colombian confectionery sector (with Laura García and Carlos Hurtado). Commissioned by ASOCAÑA Competitiveness of the Colombian natural gas industry (with Alberto Brugman, Pablo Roda and Guillermo Perry). Commissioned by NATURGAS Development of a conceptual framework to guide government intervention in the marketplace (with Emilio Archila and Luis Alberto Zuleta). Commissioned by the National Planning Department of Colombia Competitiveness of the Colombian fashion industry. Project for Inexmoda Economics of two sided markets: application to payment cards markets (with David Bardey). Commissioned by ASOBANCARIA CEDE Working Paper No. 27, Analysis of procedures for public purchases (with María José Uribe). Commissioned by the IDB for the National Planning Department of Colombia Impact Evaluation of Hogar Digital Fase 1: Baseline and experiment design (with Raquel Bernal). Commissioned by Fundación Mario Santo Domingo and the Ministry of Communications of Colombia Support to the Ministry of Industry, Trade and Tourism in definition of policy for Colombian direct investment abroad (with María José Uribe) Competition in the Colombia Health Sector (with David Bardey, Darío Maldonado and Manuel Ramírez). Study for Superintendencia de Industria y Comercio, funded by the European Union Natural gas regulation: revision of the Colombian case (with Alberto Brugman, Guillermo Perry and Pablo Roda). Commissioned by Naturgas, Economic advisory to Ministry of Communications of Colombia on implementation of aspects of Law 1341 of 2009, Competition in the Colombian broadband wholesale markets. Commissioned by the National Planning Department and the Communications Regulatory Commission (CRC), Economic advisory to the Guatemalan sugar industry on antitrust issues (with Alfonso Miranda), Economic advisory to Cemento Panamá S.A. in development of After Action Review of clinker supply contract (with Alfonso Miranda), Competition in the Colombian cigarette industry: potential implications of a horizontal merger (with Tatiana Vásquez). Commissioned by British American Tobacco (BAT), Fedesarrollo,
7 Antitrust policy in Ecuador: scope and implications (with Alfonso Miranda and Moeller, Gómez-Lince & Cía.), Advisory to Cervecería Nacional (SAB Miller - Ecuador). Identifying industrial policy programs for impact evaluation in Colombia, Commissioned by the Inter American Development Bank (IDB). Methodological note on linking DANE Surveys data to provide economy-wide productivity measures, Commissioned by the Inter American Development Bank (IDB) and DANE. Market definition and significant market power in the Colombian telecommunications sector (with Pablo Roda), Económica Consultores Ltda., Commissioned by USAID for CRC. Overview of the water and sanitation sector of Dominican Republic (with Pablo Roda). Económica Consultores Ltda. Commissioned by the Inter American Development Bank (IDB), Subsidies to the consumption of natural gas in Colombia (with Ana Maria Ferreira), Económica Consultores Ltda. Commissioned by Naturgas, Relevant markets for ex ante regulation in the Colombian telecommunications sector (advisor to CINTEL), Económica Consultores Ltda., Design of baseline methodology to evaluate the efficiency of a set of public institutions (with Carlos Caballero, Jorge Baldrich, Camila Aguilar, Nicolás León and Nicolás González). Commissioned by the National Planning Department of Colombia and PNUD, Fedesarrollo, Mobile phone payments in Colombia (with Camila Casas). Study for the Ministry of Finance of Colombia, Fedesarrollo, Commissioned by USAID. A flat Value Added Tax for automobiles in Colombia (with Nicolás León). Commissioned by the National Industry Association (ANDI), Fedesarrollo, Evaluation of the Andean trade agreement for the automobile sector (with Ricardo Paredes). Commissioned by the Ministry of Trade of Colombia, Fedesarrollo, 2005 Provision of infrastructure services to marginal and not inter-connected areas. Background paper for the World Bank s Recent Developments in Infrastructure (REDI) project, Fedesarrollo, Subsidies in the provision of energy, water and telecommunication services (with Camila Casas and Pablo Medina). Background paper for the World Bank s Recent Developments in Infrastructure (REDI) project, Fedesarrollo, Price-fixing in the rice market. Economic concept for antitrust case, Fedesarrollo, Market structure and price-cost margins in the cement industry. Economic concept for antitrust case, Fedesarrollo, Impact of the FTA between Colombia and U.S.A. on Bogotá-Cundinamarca (with Mauricio Cárdenas, Mauricio Reina, Cristina Gamboa and Ramiro Guerrero). Study for Cámara de Comercio de Bogotá, Fedesarrollo, Impact of the FTA Colombia-U.S.A (with Mauricio Cárdenas). Commissioned by the Ministry of Trade of Colombia. In charge of chapter Impact of free trade on productivity, Fedesarrollo, Tools for industrial reconversion in contexts of structural change (with Ricardo Paredes). Commissioned by USAID. Department of Economics, Uniandes,
8 Exercise of market power in the Cajas de Compensación market in Colombia. Commissioned by the Inter American Development Bank. Department of Economics, Uniandes, Market Failures in the micro, small and medium enterprise markets in Colombia. Commissioned by the World Bank. Department of Economics, Uniandes, OTHER PROFESSIONAL ACTIVITIES AND EMPLOYMENT Board Member Instituto Colombiano para el Fomento de la Educación Superior (ICFES), since Board Member Fundación Llenando Espacios, since Co-director (with Armando Montenegro), Mission of Equity and Social Mobility of Colombia, Associate Editor Foco Económico ( Courses taught at Department of Economics, Universidad de los Andes: Industrial Organization ( ); Microeconomics ( , 2003); Regulation of Infrastructure Services (2003); Competition Policy (2009, 2010); Competition and Regulation ( ). Academic director, Executive Course Private participation in the provision of transport infrastructure, Department of Economics, Universidad de los Andes, and Summer Secretary of the Latin American and Caribbean Economic Association (LACEA), July 2005-October Member of the editorial committee of Ensayos Sobre Política Económica (ESPE), journal of the Central Bank of Colombia, Member of the Latin American Universities Regulation and Infrastructure Network (LAURIN), AWARDS, FELLOWSHIPS AND GRANTS Inter-American Development Bank Research Network grant, study on Public private collaboration for the design of industrial policies, Inter-American Development Bank, MAP research grant, Formalization policy experiments, Inter-American Development Bank Country Studies Initiative grant, study on The political economy of productivity, Inter-American Development Bank Country Studies Initiative grant, study on Industrial policies in Latin America, Inter-American Development Bank Research Network grant, study on The emergence of new successful export activities in Latin America, Inter-American Development Bank Research Network grant, study on The Development of Latin American Bond Markets, Global Development Network grant, study on Impact of Rich Country Policies on Poverty: A Global View,
9 Inter-American Development Bank Research Network grant, study on Market Institutions, Labor Market Dynamics, Growth and Productivity: An Analysis of Latin America and the Caribbean, Yale University Graduate Fellowship, Instituto Colombiano para el Desarrollo de la Ciencia y la Tecnología (COLCIENCIAS) Graduate Scholarship, Central Bank of Colombia Graduate Scholarship, Updated January
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