This article analyses the way in which different socio-political configurations have had a significant effect on the economic development of Argentina, Brasil and Mexico. The characteristics of the socio-political coalitions in the three countries are presented, and their imprints on industrial...

In this paper we use a simple standard overlapping generations model to assess the impact of foreign aid. Donors are not able to modify the sharing out of aid between old and young in the recipient economy. This assumption is in line with the deference to the elders, which characterises the...

This paper proposes an extension of the Granger (1969) causality definition to panel data models with fixed coefficients. Given the heterogeneity of the data generating process, four definitions of causality relationships are proposed. A procedure of nested tests is then defined and a...