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Electoral Budget Cycles in Latin America and the Caribbean : Incidence, Causes, and Political Futility
Kraemer, Moritz - 2011
This paper examines the effect of elections on fiscal policies in 21 countries in Latin America and the Caribbean from 1983 to 1996. The budget surplus proves to be lower than normal in the preelectoral and higher in the postelectoral years. Both the expenditure and revenue sides contribute to...
Persistent link: https://www.econbiz.de/10013126555
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Institutional Arrangements and Fiscal Performance : The Latin American Experience
Stein, Ernesto - 2011
This paper considers whether institutional factors, in this instance electoral systems and procedures, affect Latin American countries` fiscal performance as measured by the size of the public sector, fiscal deficits, the size of the public debt, and the degree of procyclality of fiscal policy....
Persistent link: https://www.econbiz.de/10013126574
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Income Distribution and the Public-Private Mix in Health Care Provision : The Latin American Case
Maceira, Daniel - 2014
Recent literature on Latin American countries shows that private expenses as a share of the total expenditures in health tend to be higher the lower the nation`s level of economic development. This paper considers a discrete choice model of product differentiation, where consumer choice is based...
Persistent link: https://www.econbiz.de/10013068183
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Public Investment in Infrastructure in Latin America : Is Debt the Culprit?
Lora, Eduardo A. - 2011
investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment … infrastructure expenditures. No evidence is found that debt defaults affect public investment in infrastructure …
Persistent link: https://www.econbiz.de/10013126222
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The Unexplained Part of Public Debt
Campos, Camil F.S. - 2011
This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation,...
Persistent link: https://www.econbiz.de/10013126259
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Investment Climate and Employment Growth : The Impact of Access to Finance, Corruption and Regulations Across Firms
Aterido, Reyes - 2011
, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at … face greater interruptions in infrastructure services. Larger firms spend significantly more time dealing with officials … growth of all firms, particularly micro and small firms. On the other hand, corruption and poor access to infrastructure …
Persistent link: https://www.econbiz.de/10013126166
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Poverty, Health Infrastructure and the Nutrition of Peruvian Children
Valdivia, Martin - 2011
country`s health infrastructure that was instrumental in increasing preventive and primary health care expenditures. Using … empirical evidence, this paper discusses the effect of this expansion in health infrastructure on child nutrition in Peru, as …-poor bias. The estimated coefficient for health infrastructure in less endowed districts is 10 times higher than that in the …
Persistent link: https://www.econbiz.de/10013126734
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Entry and Exit of Banks in Latin America and the Caribbean : Public Policy Concerns and a Proposed Solution
Benston, George J. - 2012
Banking authorities must resolve or otherwise deal with existing banks that are weak or insolvent without imposing costs on consumers or taxpayers. Two aspects of this concern should be delineated. First, how can banking regulations be structured so that the future exit of weak and insolvent...
Persistent link: https://www.econbiz.de/10013114864
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China’s Emergence in the World Economy and Business Cycles in Latin America
Cesa-Bianchi, Ambrogio - 2011
This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission of international business cycles to Latin America. Evidence based on a GVAR model for five large Latin American economies shows that the long-term impact of...
Persistent link: https://www.econbiz.de/10013117518
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How Will the Food Price Shock Affect Inflation in Latin America and the Caribbean?
Lora, Eduardo A. - 2011
There is widespread concern that recent increases in international food prices may have significant effects on domestic food prices and inflation. This note assesses the impact of the recent food price shock on food, non-food and consumer inflation in the countries of Latin American and the...
Persistent link: https://www.econbiz.de/10013124214