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LIBERALIZATION, PUBLIC SPENDING AND CONVERGENCE IN LATIN AMERICA: AN SPATIAL ECONOMETRIC MODEL

Jorge E, Mendoza - Volkswirtschaftliche Fakultät, … - 2007

results showed conditional convergence for the region from 1950 to 1975, and both absolute and conditional divergence from …

Persistent link: https://www.econbiz.de/10005621348

Testing for Stochastic and Beta-convergence in Latin American Countries

Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2011

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …

Persistent link: https://www.econbiz.de/10009493290

Convergence Clubs determined by Economic History in Latin America

Quiroga, Barrientos; Andrea, Paola - Volkswirtschaftliche Fakultät, … - 2013

The concept of club convergence has been widely used in empirical analysis to group countries in clubs with similar … test convergence within each club. I find significant and positive convergence speed within each of the clubs, implying …

Persistent link: https://www.econbiz.de/10011110182

The discrete charm of the Washington Consensus

Kregel, Jan A. (contributor) - 2008

Over the last two centuries in Latin America a Washington Consensus development strategy based on integration in the global trading system has dominated both domestic demand management and industrialization from within.ʺ This paper assesses the performance of each from the point of view of the...

Persistent link: https://www.econbiz.de/10003727287

Weak expansions : a distinctive feature of the business cycle in Latin America and the Caribbean

Pérez Caldentey, Esteban; Titelman Kardonsky, Daniel; … - 2013

Using two standard cycle methodologies (classical and deviation cycle) and a comprehensive sample of 83 countries worldwide, including all developing regions, we show that the Latin American and Caribbean cycle exhibits two distinctive features. First, and most important, its expansion...

Persistent link: https://www.econbiz.de/10009692663

Corporate debt in Latin America and its macroeconomic implications

Pérez Caldentey, Esteban; Favreau-Negront, Nicole; … - 2018

This paper provides an empirical analysis of nonfinancial corporate debt in six large Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), distinguishing between bond-issuing and non-bond-issuing firms, and assessing the debt's macroeconomic implications. The paper...

Persistent link: https://www.econbiz.de/10011844108

Foreign Debt and Domestic Savings In Developing Countries

Luke, Okafor; Joanna, Tyrowicz - Volkswirtschaftliche Fakultät, … - 2008

This paper approaches the question of potential causality between foreign debt and domestic savings in the context of developing countries. Literature provides evidence in as far as foreign debt and development is concerned, but little attention was given so far to internal potential for capital...

Persistent link: https://www.econbiz.de/10005000669

Structural Transformation in Developed and Developing Countries

Bah, El-hadj M. - Volkswirtschaftliche Fakultät, … - 2007

Dierences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross- country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...

Persistent link: https://www.econbiz.de/10005622016

Economic Size and Debt Sustainability against Piketty's Capital Inequality

cho, hyejin - Volkswirtschaftliche Fakultät, … - 2014

This article presents a methodology designed to facilitate alternative variables measuring economic growth. A capital-labor split of Cobb-Douglas function is adapted for use in the context of economic growth. A capital/income ratio and two fundamental law of capitalism originated by Thomas...

Persistent link: https://www.econbiz.de/10011071615

The great equalizer?: Globalization effects on gender equality in Latin America and the Caribbean

Seguino, Stephanie - Volkswirtschaftliche Fakultät, … - 2006

This paper assesses the impact of 30 years of globalization on gender equity in well-being in Latin America and the Caribbean. Data indicate that while some gaps in well-being have narrowed, progress is uneven across a set of nine indicators, and in some cases, conditions have worsened. Despite...

Persistent link: https://www.econbiz.de/10005790313