This paper studies intergenerational mobility in Latin America and shows that, in addition to the well-documented fact that the Latin American income distribution is highly unequal, profound differences in opportunities persist from one generation to the next. Comparing final educational...

Over 70 per cent of GDP in Latin America is produced by large firms, while in developed OECD economies the share of large firms in GDP is just 40 per cent. In terms of internationalization of Latin-American SMEs the situation is even less favourable. SMEs in Latin America have very little direct...

Más del 70 por ciento del producto interno bruto (PIB) en América Latina lo producen las grandes empresas, mientras que en las economías desarrolladas de la OCDE la participación de las grandes empresas en el PIB es de apenas el 40 por ciento. En materia de internacionalización, la...

Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally. However, the ultimate causes of these imbalances are not...

This paper reviews the literature and contributes with some evidence based on the World Values Survey on the drivers of tax morale worldwide, with an emphasis on developing countries. It shows that socio-economic factors such as age, religion, gender, employment status and educational attainment...

This paper analyses fiscal policy for several economies in Latin America, from the early Nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...