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Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

Williamson, Jeffrey Gale; Bates, Robert H.; Coatsworth, … - National Bureau of Economic Research (NBER) - 2006

Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...

Persistent link: https://www.econbiz.de/10005718756

Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence

Williamson, Jeffrey Gale - National Bureau of Economic Research (NBER) - 2010

Did independence push Latin America down a growth-inequality trade-off? During the late colonial decades, the region completed two centuries of growth unmatched anywhere and inequality reached spectacular heights. During the half century after insurgency and independence, inequality fell steeply...

Persistent link: https://www.econbiz.de/10008622355

Finding Eldorado: Slavery and Long-run Development in Colombia

Acemoglu, Daron; Robinson, James Alan; García-Jimeno, … - National Bureau of Economic Research (NBER) - 2012

Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively across the Americas, and slavery remained prevalent in most countries after independence from the European powers. We investigate the impact of slavery on long-run development...

Persistent link: https://www.econbiz.de/10011133526

International Borrowing and Macroeconomic Performance in Argentina

Dominguez, Kathryn M. E.; Tesar, Linda L. - National Bureau of Economic Research (NBER) - 2005

This paper provides an overview of the major economic events in Argentina from the adoption of the convertibility plan in 1991 to the collapse of the exchange rate regime in 2001. We focus on the relationship between the credibility of the currency board and capital flows, and the inescapable...

Persistent link: https://www.econbiz.de/10005720753

Bases, Bullets and Ballots: the Effect of U.S. Military Aid on Political Conflict in Colombia

Dube, Oeindrila; Naidu, Suresh - National Bureau of Economic Research (NBER) - 2014

Does foreign military assistance strengthen or further weaken fragile states facing internal conflict? Aid may strengthen the state by bolstering its repressive capacity vis-à-vis armed non-state actors, or weaken it if resources are diverted to these very groups. We examine how U.S. military...

Persistent link: https://www.econbiz.de/10010969300

Latin America's Decline: A Long Historical View

Edwards, Sebastian - National Bureau of Economic Research (NBER) - 2009

In this paper I analyze Latin America's very long term economic performance (since the early 18th century), and I compare it with that of the United States, Australia, New Zealand and the countries of Western Europe. I begin with an analysis of long term data and an attempt at determining when...

Persistent link: https://www.econbiz.de/10005079163

The Climate for Business Development and Employment Growth in Puerto Rico

Davis, Steven; Rivera-Batiz, Luis - National Bureau of Economic Research (NBER) - 2005

Employment rates in Puerto Rico range from 55 to 65 percent of U.S. rates during the past thirty years. This huge employment shortfall holds for men and women, cuts across all education groups, and is deeper for persons without a college degree. The shortfall is concentrated in the private...

Persistent link: https://www.econbiz.de/10005014927

Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies

Aizenman, Joshua; Edwards, Sebastian; Riera-Crichton, Daniel - National Bureau of Economic Research (NBER) - 2011

We analyze the way in which Latin American countries have adjusted to commodity terms of trade (CTOT) shocks in the 1970-2007 period. Specifically, we investigate the degree to which the active management of international reserves and exchange rates impacted the transmission of international...

Persistent link: https://www.econbiz.de/10009395463

Catch-up Growth Followed by Stagnation: Mexico, 1950-2010

Kehoe, Timothy J.; Meza, Felipe - National Bureau of Economic Research (NBER) - 2011

In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of … modest. We analyze the economic history of Mexico 1877-2010. We conclude that the growth 1950-1981 was driven by urbanization …, industrialization, and education and that Mexico would have grown even more rapidly if trade and investment had been liberalized sooner …

Persistent link: https://www.econbiz.de/10009395477

Estimating Lost Output from Allocative Inefficiency, with an Application to Chile and Firing Costs

Petrin, Amil; Sivadasan, Jagadeesh - National Bureau of Economic Research (NBER) - 2011

We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We show that the difference in the value of the marginal product of an input and its marginal cost at any plant - the plant-input "gap" - is exactly equal to the change in aggregate...

Persistent link: https://www.econbiz.de/10009277259

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