Showing 1 - 10 of 10
This paper provides a fresh look at informal employment, a phenomenon of renewed interest to policy makers and … researchers alike. It finds that informal employment is likely to stay, is sometimes a voluntary choice, can offer better working … conditions than formal employment and is very heterogeneous and diverse. Reasons for these puzzling facts and trends are …
Persistent link: https://www.econbiz.de/10004962595
This paper looks at the incidence of fiscal policy on the income distribution for Chile and Mexico. Notably by broadening the income concept to account for in-kind benefits and taxes, this paper provides a full picture of the effect of fiscal policy on reducing income inequality. The contrast...
Persistent link: https://www.econbiz.de/10011276688
Tax incentives can be a useful tool to stimulate investment in developing countries. However, in these countries interest groups often are able to exert considerable influence in its management, if not its design. From a power-based approach to the political economy of tax reform we find how...
Persistent link: https://www.econbiz.de/10011276693
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...
Persistent link: https://www.econbiz.de/10008525328
Is the social contract in Latin America broken? Many authors have suggested this is the case, given the high levels of inequality, the low levels of taxation and the low quality of public services observed in the region. This paper analyses empirically the relationship between fiscal policy,...
Persistent link: https://www.econbiz.de/10008680605
Latin American countries exhibit a significant gap in infrastructure stocks, due to low and in many cases inefficient public investment, which is furthermore not compensated by private sector projects. In this paper we analyse trends in public and total infrastructure investment in six large...
Persistent link: https://www.econbiz.de/10009131539
This paper presents development accounting exercises in Latin America using novel databases and methods to investigate the robustness of its results. While total factor productivity initially appears to be the most important driver of output per worker gaps in Latin America and the Caribbean,...
Persistent link: https://www.econbiz.de/10011276682
Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances. This paper aims at filling that gap. It gauges the degree of renminbi (RMB) undervaluation; presents evidence on RMB...
Persistent link: https://www.econbiz.de/10008492334
GDP per capita in Latin America has been falling behind high-income countries and other benchmarks for decades and the region’s mediocre growth performance is one of the main reasons why poverty reduction, and living standards more generally, in the region is well below that observed in peer...
Persistent link: https://www.econbiz.de/10008522019
This paper combines development and growth accounting exercises with economic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America. The region’s development performance is...
Persistent link: https://www.econbiz.de/10008525329