This paper sets to analyze the dynamic feedback between Foreign Direct Investment (FDI) and economic growth—larger FDI promotes higher GDP, while higher GDP can be achieved with higher levels of FDI. We use panels and a sample of 19 Latin American countries to estimate a dynamic FDI and a...

The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their...

The essence of this study is to verify the macroeconomic implications of cross-border remittances for economic growth prospects of small-open developing economies for the period, 1996-2006. A set of dynamic panel model, specified within the framework of Blundell-Bond Generalized Method of Moment...

The objective of the work is to determine the existence of convergence (absolute and conditional) for the region of Latin America and to determine the main variables that affect the economic growth of these countries. The main results are the following ones: there is empirical evidence of...

This paper studies absolute and conditional convergence (alfa and beta-convergence too,) in Mexico over the period 1970-1995. I use the neoclassical growth model and a cross-section data for empirics. I find evidence of conditional convergence (near at traditional 2% rate) for full period but...

Mankiw, Romer and Weil (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This paper suggests an empirical procedure...

In this work we made an empirical application of the model of Romer (1993) for the 32 states of Mexico on period 1990-2000, in order to determine if this country faces a gap of physical goods or a technological gap in the ample sense (that is to say, that inlcluye knowledge and ideas). We found...

This paper analyzes the convergence process in Latin America and the Caribbean during the 1960-2005 period. The evidence is not favorable to clear convergence or divergence trends, but to a slight process of convergence until the 1970s, and then global divergence. In turn, the results suggest...

Building on previous work by Chiquiar (2005) we study the impact of the ejido communal property system on economic growth in the Mexican states. The average growth rate of state per capita GDP is negatively related to the share of state land in the communal ejido system during some of the...

This paper uses daily data for market returns as well as for the cross-listed securities on the three main stock exchanges in the Caribbean: the Barbados Stock Exchange, the Trinidad and Tobago Stock Exchange and the Jamaica Stock Exchange to examine the beta-convergence and sigma-convergence of...