For the past 50 years, every Puerto Rico government produced an economic development plan. Academia and the private sector added numerous studies. None of the plans have been implemented, the studies keep piling up, and Puerto Rico’s economy isn’t growing. What is holding Puerto Rico back is not a lack of ideas or resources. What … Op-Ed: The pace of Puerto Rico’s economic Recovery Read More »

In Puerto Rico’s economy with low formal labor participation, structural reform must include reducing barriers to employment. Puerto Rico must improve education and develop high-quality worker training programs that empower all residents to reach their fullest potential and enter the labor force. Knowledge, skills, and competencies are the three attributes that define the term human … Op-Ed: Skills to strengthen Puerto Rico’s formal economy Read More »

Author: Estudios Técnicos Inc. The report presents an overview of human capital development in Puerto Rico based on the commonly used indicators of this concept, mainly education. It provides an international and national comparison that includes Puerto Rico for educational attainment and outcomes of education, which is a key indicator. In short, the report should … Report: Human Capital Development in PR Read More »

Developing and nurturing a high-performing government workforce is vital to Puerto Rico’s future. To better understand the civil service’s current characteristics, the Financial Oversight and Management Board for Puerto Rico requested detailed information about government employees from the Office of the Administration and Transformation of Human Resources (OATRH), the government’s central personnel management agency. The … Essay: Statistical Analysis – Civil Service Read More »

In Puerto Rico, more than 39,000 eligible entities have received financial relief through the Federal Paycheck Protection Program (PPP). Back in June of 2020, the FOMB’s Research and Policy Department published an essay on the importance of small businesses to Puerto Rico’s economy and provided recommendations to the government on how to design a locally … Essay: Federal Paycheck Protection Program Read More »