This paper studies the regional convergence of sub-national states in the case of Mercosur from 1961 to 2005 by using a non-parametric technique of clustering under the concept of \regime of performance". In the first section, a review in interregional convergence is shown for the Mercosur case....

This paper shows the relationship between business growth and private corruption in the manufacturing industry in Colombia. This study investigates the dynamics of these variables using various techniques by implementing empirical models: estimations via panel data estimates and modeling with...

Between 2000 and 2013, Latin America has considerably reduced poverty (from 46.3% to 29.7% of the population). In this paper, we use synthetic panels to show that, despite progress, the region remains characterized by substantial vulnerability that also affects the rising middle-class. More...

This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trendstationary model, affected by 4 structural breaks, which occurred at dates that seem to coincide with domestic institutional arrangements,...

During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in order to understand what are the most important wedges...

El presente trabajo explora las causas de la deforestación y la pérdida de biodiversidad en Guatemala. El documento se divide en cuatro partes. En la primera, se presenta una generalización sobre la deforestación en Guatemala entre 1950-2000. Así mismo se explora la relación entre...

Many researchers and economists have argued that competitiveness studies conducted by WEF and IMD, show limitations in small-economies, even more when they have different characteristics. The objective of this research is to study the competitiveness of three small-economies: Puerto Rico, Costa...