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A widely shared view holds that there is no policy-exploitable causal connection from saving to growth because domestic saving is fully endogenous, optimally determined, or substitutable by foreign saving. Yet, abandoning these assumptions, which are questionable in the real world of frictions,...
Persistent link: https://www.econbiz.de/10012971285
estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty … gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and …
Persistent link: https://www.econbiz.de/10012968199
Private savings play a pivotal role in financing development and sustaining growth. Recently, there have been many … theoretical developments that underpin key determinants of savings behavior, many of which merit empirical investigation …. Understanding the dynamics of the determinants of savings is crucial to inform economic policy and devise reform programs. This …
Persistent link: https://www.econbiz.de/10012959137
reflection of relatively low domestic savings) may become an additional drag to growth by accentuating the risk of a low savings …
Persistent link: https://www.econbiz.de/10012973335
This paper offers the first evidence on the prevalence of a central actor in modern growth theory?the engineer. Using newly collected sub-national, and international data as well as historical case studies, it then argues that differences in innovative capacity, captured by the density of...
Persistent link: https://www.econbiz.de/10012973384
The authors review the recent literature on crime and violence in Latin America and the Caribbean and present a broad overview of the main ideas and empirical findings. They provide estimates of the magnitude of the problem, trends, and the manifestations of crime and violence in Latin America....
Persistent link: https://www.econbiz.de/10012747941
Universities in Latin America are increasingly considered instruments of social and economic development and face rising expectations in regard to supplying relevant skills, undertaking applied research, and engaging in commercial activity. The paper discusses trends and challenges within Latin...
Persistent link: https://www.econbiz.de/10012747982
This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...
Persistent link: https://www.econbiz.de/10012865507
The returns to schooling or the skill premium is a key parameter in various literatures, including globalization and inequality and international migration. This paper explores the skill premium and its link to exports in Latin America, thus linking the skill premium to the emerging literature...
Persistent link: https://www.econbiz.de/10012976623
Two long-established stylized facts in the urban and development economics literatures are that: (a) a country's level of economic development is strongly positively correlated with its level of urbanization; and (b) a country's level of urbanization is strongly negatively correlated with the...
Persistent link: https://www.econbiz.de/10012959138