This paper examines the impact on total factor productivity (TFP) in Latin America and the Caribbean (LAC) and in other developing countries of trade-related technology diffusion from the North (denoted by NRD), education, and governance.The NRD of developing countries is defined as a weighted...

We study the levels of economic development achieved by every independent Latin American and Caribbean country in 1913 and 1925 from a new regional perspective. We focus on the imports and the domestic production –equivalent to apparent consumption- of capital goods. The first contribution is...

This study analyzes the ability of neuronal nets to predict the direction of the U.S. and Mexican economies, with the lagged indexes of the capital markets of each country as inputs and the compound leading economic indicator index (LEI, here treated as a coincident indicator) as output....

Until the appearance of the first wave of studies focusing on the hypothesis of the clarity of responsibility, the theory of economic voting implicitly assumed that the government is held responsible for the economic conditions of the country. Departing from previous studies based upon the...

The ability of some neural nets to predict the direction of the Mexican economy —represented by its LEI— when taking as inputs the simultaneous versions (smooth- ing and predictive) of a Gaussian Process fed with a Stock Index and a Bonds Index representing the Mexican market, is favorably...