Showing 1 - 10 of 48
This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...
Persistent link: https://www.econbiz.de/10011258610
results showed conditional convergence for the region from 1950 to 1975, and both absolute and conditional divergence from …
Persistent link: https://www.econbiz.de/10005621348
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …
Persistent link: https://www.econbiz.de/10009493290
The concept of club convergence has been widely used in empirical analysis to group countries in clubs with similar … test convergence within each club. I find significant and positive convergence speed within each of the clubs, implying …
Persistent link: https://www.econbiz.de/10011110182
In the absence of substantial differences in the growth rates of per capita GDP across countries, what are the factors that explain the rapid spread of the HIV infection within a nation? This is an empirical question that needs to be explained. In order to elucidate the correlation between HIV...
Persistent link: https://www.econbiz.de/10005836411
This paper approaches the question of potential causality between foreign debt and domestic savings in the context of developing countries. Literature provides evidence in as far as foreign debt and development is concerned, but little attention was given so far to internal potential for capital...
Persistent link: https://www.econbiz.de/10005000669
Dierences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross- country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...
Persistent link: https://www.econbiz.de/10005622016
This article presents a methodology designed to facilitate alternative variables measuring economic growth. A capital-labor split of Cobb-Douglas function is adapted for use in the context of economic growth. A capital/income ratio and two fundamental law of capitalism originated by Thomas...
Persistent link: https://www.econbiz.de/10011071615
This paper assesses the impact of 30 years of globalization on gender equity in well-being in Latin America and the Caribbean. Data indicate that while some gaps in well-being have narrowed, progress is uneven across a set of nine indicators, and in some cases, conditions have worsened. Despite...
Persistent link: https://www.econbiz.de/10005790313
Brazil is a country with long-standing ambitions for a major role in the world economy and in global governance, but its footprint in various measures of both remains relatively modest. On current trends, the gap between ambition and achievement will likely remain large, so we provide a critique...
Persistent link: https://www.econbiz.de/10011257894