Showing 1 - 10 of 179
Persistent link: https://www.econbiz.de/10012691118
In contrast to expectations, remittances to Central America and the Caribbean (CAC) surprised positively during 2020 … and 2021. This study revisits the key macro indicators driving remittances, looks at the heterogeneous impacts of the …
Persistent link: https://www.econbiz.de/10015060057
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10009487105
This paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African...
Persistent link: https://www.econbiz.de/10012677803
This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent tax system and regulatory environment, higher inflation, and dominance of the agriculture sector...
Persistent link: https://www.econbiz.de/10012677451
The oil price decline creates an opportunity to dismantle energy subsidies, which escalatedwith high oil prices. This paper assesses energy subsidies in Latin America and theCaribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split betweenfuel and electricity), and about 3.8...
Persistent link: https://www.econbiz.de/10012678979
Despite its negative effects, the COVID-19 pandemic has also accelerated Latin America's digitalization. The rapid increase in connectivity and digital services was helpful in mitigating the pandemic's negative impact on the labor markets, especially for those with enough flexibility to continue...
Persistent link: https://www.econbiz.de/10015058765
After providing a general overview of the nature, pros, and cons of crypto assets and CBDCs, this paper focuses on documenting their recent experience in LAC. The region records a high interest in unbacked crypto assets and stablecoins and its authorities' policy responses have varied...
Persistent link: https://www.econbiz.de/10015059686
We study the link between central bank independence and inflation by providing narrative and empiricial evidence based on Latin America's experience over the past 100 years. We present a novel historical dataset of central bank independence for 17 Latin American countries and recount the rocky...
Persistent link: https://www.econbiz.de/10015060099
Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This … paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the … increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source …
Persistent link: https://www.econbiz.de/10005826481