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Empirical studies analysing productivity effects of inward FDI in Latin America (LA) are inconclusive. We argue that … FDI to generate productivity effects differs across sectors. For these reasons and because sectoral FDI intensities vary … significantly among LA countries and change over time, we investigate the productivity effects of FDI in eight different sectors …
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize … the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate … have a positive or negative impact on productivity growth? The first step in answering this question is to discuss …
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This article argues that the microfinance model that arrived in Latin America in the 1970s has proven, as elsewhere around the world, to be an almost wholly destructive economic and social policy intervention. Centrally, I argue that the microfinance model is responsible for embedding and giving...
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urban productivity in Latin American cities. The use of night-time lights satellite imagery and high-resolution population … areas generates opposite effects on urban productivity. On the one hand, smaller governments tend to be more responsive and … efficient, which increases productivity. But, on the other hand, multiple local governments face coordination costs that reduce …
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