Marcela Eslava is Associate Professor of Economics at Universidad de Los Andes, in Bogotá, and a research affiliate of IPA’s SME program. She holds a PhD degree from University of Maryland at College Park. Her current research interests include the relationship between firm dynamics and regulations; the effect of credit constraints on business performance and aggregate productivity, and the policy alternatives to address financial restrictions to businesses; and the political economy of industrial policy and fiscal policy. Her previous research has been published in leading academic journals such as the Review of Economics and Statistics; the Review of Economic Dynamics; the Journal of Public Economics; and the American Economic Review Papers and Proceedings. She has been awarded Global Development Network’s Medal for Research on Development, and the Latin American Econometric Society’s Mario Henrique Simonsen Memorial Lecture. She is also an editor for Economia, the journal of LACEA, and is part of the scientific committees of LACEA’s networks on Political Economy and on Labor.