This paper examines the effect of foreign direct investment (FDI) on employment generation for a group of Latin American countries in the period 1980-2006. Using a dynamic panel model, which is estimated with the Arellano-Bover/Blundell-Bond system estimator, I find that FDI has a positive and...

The focus of this paper is a global examination of how different export sectors react to real devaluations in the short term. The disaggregated nature of the data allows a closer analysis of the underlying cross-export differences in exchange rate movements. Current period real devaluation has...

In this multi-country study, sample countries selected from each segment of development levels areanalysed in terms of demography, urbanization, economic policy, geographical location, natural resources, human capital, income distribution and several other factors. In a former study by the...

This paper analyzes the evolution of Spanish foreign direct investment (FDI) in Latin America in recent years (from the 1990s through 2012). Additionally, a summary of the primary explanatory factors of FDI evolution in the three countries with the highest indices of Spanish investment (Brazil,...

International reserves are experiencing a significant increase, in part as a result of specific policies but also from the development of external factors, like remittances. This paper examines the role that remittances play in the accumulation of reserves, and uses a dynamic panel model for a...

How can monetary authorities determine whether the current account balance is problematic? One method is based on the intertemporal consumption-smoothing model. This paper applies the intertemporal consumption-smoothing model - which is used to derive the optimal current account - to Barbados,...

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 ?-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to the...

We analyze the main positive effects of human capital on economic development, having into account direct and indirect relationships between the educational level of population and real Gdp per inhabitant through the production function, demographic evolution, industrial development, foreign...

This paper presents a comparison of exponential rates of growth in America, Europe, Africa and Asia-Pacific during the 20th century, and analyses the main causes that explain the important differences in Gross Domestic Product by inhabitant among these large areas. The paper emphasizes the...