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The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions …
Persistent link: https://www.econbiz.de/10010943753
The template presented in this note is concerned with the evaluation of the sustainability of total government debt, regardless of whether the creditor is a domestic or foreign resident, a public or private entity or the jurisdiction where the debt was issued (in the case of bonded debt). The...
Persistent link: https://www.econbiz.de/10010673224
Recognizing the need to improve the quality of financial disclosure by private sector firms in Latin America and the Caribbean, the Inter-American Development Bank sponsored a conference in September 29-30, 1997 entitled Financial Disclosure and the Development of Financial Markets: The Impact...
Persistent link: https://www.econbiz.de/10010772362
¿Cuál es el impacto de la integración sobre la productividad? ¿Cuáles son los canales principales? ¿Existe en los acuerdos regionales alguna especificidad con relación a los efectos de la productividad? El presente estudio procura responder a estas preguntas examinando la experiencia de...
Persistent link: https://www.econbiz.de/10010653490
allocated to political allies is ineffective for growth, whereas aid extended to countries that are not allies is highly …
Persistent link: https://www.econbiz.de/10010653526
This paper models the impact on economic growth of HIV/AIDS when the epidemic is in a mature phase, in contrast with … epidemic in Central America, show that AIDS is not likely to threaten economic growth through either labor or capital … accumulation channels; impacts are estimated between 0.007 and 0.27 percent points of GDP growth annually for the period 2001 …
Persistent link: https://www.econbiz.de/10010653926
Por diversas razones y canales de transmisión, el stock y la calidad de la infraestructura de un país es un indicador fundamental de su nivel de desarrollo y del bienestar general que ofrece a sus habitantes. El presente documento calcula las brechas de infraestructura para la subregión...
Persistent link: https://www.econbiz.de/10010655822
El presente trabajo presenta un enfoque metodológico que permite medir a nivel de planta y de sectores la informalidad y la productividad en forma conjunta de manera tal de poder entender mejor y probar las distintas hipótesis sobre la relación entre ambas variables. Se destaca que la...
Persistent link: https://www.econbiz.de/10010655846
Despite a recent expansion in housing finance, Brazil still faces a severe housing shortage, especially among lower-income people, and it is important to examine the development, limitations and prospects of the country's housing finance market. This paper investigates the recent evolution of...
Persistent link: https://www.econbiz.de/10010943636
This paper raises fundamental questions about how banks in Latin America ought to be supervised. The concentration of wealth holders in Latin America and the equity markets' resulting illiquidity permit investors who control banks to subvert the intent of capital requirements, even when the bank...
Persistent link: https://www.econbiz.de/10010943658