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 Emergence of China: Opportunities and Challenges for Latin America and the Caribbean provides a comprehensive overview of China's economic policy and performance over recent decades and contrasts them with the Latin American experience. What are the underlying factors behind China's...

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...

This paper studies three horizontal policy instruments and two vertical ones in Chilean industrial policy, particularly regarding small and medium enterprises (SMEs). The horizontal instruments are (1) a guarantee program for borrowing by SMEs (FOGAPE), (2) a small subsidy to new exports that...

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,...

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...

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...