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Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The...
Persistent link: https://www.econbiz.de/10011244461
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states...
Persistent link: https://www.econbiz.de/10005769080
in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation …
Persistent link: https://www.econbiz.de/10010790356
In most developing countries, poverty is more widespread and severe in rural than in urban areas. The author reviews … some important aspects of rural poverty and draws key implications for public policy. He presents a policy framework for … reducing poverty, taking into account the functional differences and overlap between the rural poor. Several policy options are …
Persistent link: https://www.econbiz.de/10005605040
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic factors extracted from a comprehensive set of sectoral output, external data, and fiscal and financial variables spanning over a century. The constructed indices are used to derive a...
Persistent link: https://www.econbiz.de/10005264082
This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has consistently exhibited higher macroeconomic volatility, lower openness, and higher income inequality,...
Persistent link: https://www.econbiz.de/10005264118
This paper investigates the relationship between unrecorded economic activity associated with the production of illicit coca and formally recorded economic activity in Peru. It does so by attempting to construct new regional level estimates for coca production and by implementing recently...
Persistent link: https://www.econbiz.de/10009203532
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and...
Persistent link: https://www.econbiz.de/10005825787
to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and …
Persistent link: https://www.econbiz.de/10005826063