The strong recovery of aggregate macroeconomic variables reopened the debate about the long-term development strategy of Argentina. As a contribution to this debate we develop a Scandinavian version of the dependent economy model and discuss the complex task of economic diversification in...

After a two-year deceleration, in 2009 the Mexican economy suffered a contraction only matched, in its modern history, by the one recorded in 1995, in the wake of the peso crisis of December 1994. As in the latter crisis, the economy immediately bounced back, posting positive growth in 2010....

The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...

We explore the ability of core inflation to predict headline CPI annual inflation for a sample of 8 developing economies in Latin America during the period January 1995-May 2017. Our in-sample and out-of-sample results are roughly consistent in providing evidence of predictability in the great...

The impact of currency collapses (i.e. large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this relationship using a dataset for 108 emerging and developing economies for the period...

This paper analyzes the effectiveness of the economic model which was adopted in Bolivia since 2006. For that purpose, the effect of the new paradigm was evaluated on six Bolivian indicators: production level, exportations, economic diversification, per capita income, human development and...

In this paper we bridge a gap between innovation economics and the human development approach by analyzing positive and negative effects of different types of economic diversification on social welfare. Economic variety is a driver and outcome of economic development. However, diversification...

This paper analyzes the effectiveness of the economic model which was adopted in Bolivia since 2006. For that purpose, the effect of the new paradigm was evaluated on six Bolivian indicators: production level, exportations, economic diversification, per capita income, human development and...

In this paper we bridge a gap between innovation economics and the human development approach by analyzing positive and negative effects of different types of economic diversification on social welfare. Economic variety is a driver and outcome of economic development. However, diversification...

Productivity gains are the prime engine of economic growth. This paper uses a rich amount of firms' accounting information from the Single Information Collecting Centre in Senegal over the period 1998-2011. To investigate the two main obstacles to growth, poor education and poor access to...