Showing 1 - 9 of 9
Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances. This paper aims at filling that gap. It gauges the degree of renminbi (RMB) undervaluation; presents evidence on RMB...
Persistent link: https://www.econbiz.de/10008492334
The increased importance of rating agencies for emerging-market finance has brought their work to the attention of a wider group of observers — and under criticism. This paper evaluates whether the importance of ratings for developing-country finance has changed since the Asian Crisis and...
Persistent link: https://www.econbiz.de/10012442862
This paper presents development accounting exercises in Latin America using novel databases and methods to investigate the robustness of its results. While total factor productivity initially appears to be the most important driver of output per worker gaps in Latin America and the Caribbean,...
Persistent link: https://www.econbiz.de/10011276682
This paper analyses the Policy-Making Process (PMP) of transport infrastructure projects in Colombia for the period 2002-10. It aims to identify the main bottlenecks to improve the implementation of public policies in the main phases of the transport infrastructure policy cycle, namely planning,...
Persistent link: https://www.econbiz.de/10011276686
Tax incentives can be a useful tool to stimulate investment in developing countries. However, in these countries interest groups often are able to exert considerable influence in its management, if not its design. From a power-based approach to the political economy of tax reform we find how...
Persistent link: https://www.econbiz.de/10011276693
This paper studies the interaction between different actors in the policy-making process of fiscal transfer reform in Colombia. To analyse this reform, we use the “life cycle of reform” framework. In that context, we follow critical phases in the reform process: planning, dialogue and...
Persistent link: https://www.econbiz.de/10011276696
This paper contributes to literature on the process of reform in Latin America. We study political economy aspects and the policy making process of reforms in what we identify as the five critical steps through the "life cycle" of a policy reform: the Planning, Dialogue, Adoption,...
Persistent link: https://www.econbiz.de/10009319142
GDP per capita in Latin America has been falling behind high-income countries and other benchmarks for decades and the region’s mediocre growth performance is one of the main reasons why poverty reduction, and living standards more generally, in the region is well below that observed in peer...
Persistent link: https://www.econbiz.de/10008522019
This paper combines development and growth accounting exercises with economic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America. The region’s development performance is...
Persistent link: https://www.econbiz.de/10008525329