This paper analyzes the long-run relationship between output collapses—defined defined as GDP falling substantially below trend—and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...

El objetivo de este documento es evaluar las políticas industriales que son importantes para América Latina en la actualidad. La primera sección introduce el tema, mientras que la segunda sección enumera definiciones pasadas de políticas industriales y su origen. La tercera sección se...

The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...

The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...

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...

The Bank's Competitiveness Strategy (GN-2243-1) establishes a framework to assist member countries to make improvements in their economic and institutional environments in order to promote the sustainable development of productive economic activities and increase productivity. Bank Group...

Es difícil describir o interpretar la historia económica de América Latina sin hacer referencia a la enorme contribución de Raúl Prebisch. Su figura se proyecta a través de la región como la de un gigante en pensamiento y acción. Las huellas de su legado continuan siendo indudablemente...

The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, and per capita GDP growth to a "global" aid...

La Cooperación Sur-Sur (CSS) ha surgido con gran ímpetu en los últimos cinco años e iniciado su consolidación en América Latina y el Caribe (ALC), contribuyendo al aumento del número de actores, de instrumentos de intercambio de conocimiento y experiencias de desarrollo y a la...

This paper shows, first, that non-commodity revenues are more volatile in oil- and mineral-rich countries and that quality of institutions is associated with lower volatility. We investigate the channels through which oil and mineral revenue volatility lead to non-commodity revenues volatility,...