The majority of the developing economies worldwide use foreign capitals inflow so as to achieve economic growth. The host countries proceed to economic and political transformations so as to improve their attractiveness and to become top foreign direct investment destinations. In addition, the...

This study examines the impact of process and product innovation on employment growth across four Latin American countries (Argentina, Chile, Costa Rica, and Uruguay) using micro data from innovation surveys. Specifically, we relate employment growth to process innovations and to the growth of...

Major pharmaceutical companies such as Smith Kline Beecham, Merck, Glaxo and Lilly, and a score of smaller ones, are developing profitable business opportunities in the world's forest while preserving biodiversity and producing incentives for leaving the forests intact. This case study covers...

Rural economy, that is, the integrated system of non-homogeneous activities as performed out of urban areas, has very often been confused, in the development literature, with agricultural economy, which aims at the increase of agricultural and zootechnic production. The two terms imply distinct,...

The National Budget has a key role as an instrument of funds allocation for different social priorities and resources redistribution with localized impact in the provinces. The main objective of Social Public Expenditure (GPS) is to promote the access of most vulnerable social groups to quality...

The article is about the specifics of social control as a social phenomenon. The author analyzes as social control historically was changing, as approaches to its definition, its types, methods, the system of sanctions were changing also. Particular attention is paid to identifying the sources...

This paper is aimed at examining the theoretical determinants and empirical evidence on the use of derivatives in Latin America for risk management. The contingent claims, the development of their market, and their use, is undoubtedly one of the most powerful financial innovations available to...

This study investigates the existence of day of the week effects on stock returns in the Colombian Stock Exchange (CSE) for the period between June 2001 and March 2005. The Bogotá Stock Exchange was established in 1928. However, the two other main bourses in the country merged with this in 2001...

The issue of institutional support for innovations in Latin American countries has been examined in this paper. We use aprirori theoretical knowledge on this issue in order to derive one econometric model out of a theoretical framework. The influence on human capital variable on innovations...

The purpose of this paper is to analyze the effect of remittances on Latin America`s economic growth thorough 1976-2007 controlling the potential endogeneity of the regressors through system GMM estimators for dynamic data panel model. The main conclusion is that remittances had a negative and...