This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...

Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion -- based on industry data from seventeen OECD countries during the period 1973-2000 -- we find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence...

La réduction de la croissance économique pendant ces dernières années a provoqué un renouveau d'intérêt en ce qui concerne le poids de la présence de l'État, surtout dans les économie européennes. Il ne suffit pas d'insister sur le poids excessive de l'Etat. Il faut le prouver et dire...

During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...

This paper analyses the 1980s Latin American debt crisis in Argentina, Brazil and Mexico and, in particular, the influence of cumulative processes at work in its early and final stages. The paper is organised in three sections. The first examines the crisis<92> features in the three countries, and...</92>

This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...

This paper presents and interprets descriptive statistics generated from data obtained in a survey of clients of five microfinance organizations believed to be among the best in Bolivia. These lenders represent different combinations of organizational design, lending technology, and market area...

This paper describes a statistical sample design to measure portfolio- at-risk in microfinance. It applies the design to the microfinance portfolio of Banco do Nordeste in Brazil. Statistical audit sampling requires no special knowledge of statistics and is useful for due- diligence inspections...

This paper presents an economic model of individual crime decision relying on relative deprivation and discusses the role of education. It distinguishes between property and interpersonal crime and proposes an econometric estimation of the model for 723 municipalities of Minas Gerais, one of the...

This paper explores the causes of deforestation and biodiversity loss in Guatemala and is organized into 4 parts. First, an overview about deforestation in Guatemala from 1950-2000 is provided, and the relationship between deforestation and biodiversity loss is explored. Secondly, some...