In 1980, Venezuelan income per capita in dollars was 1.4 times higher than that of Colombia, but in 2007, this ratio was reversed and the Colombian income was 1.1 higher than that of Venezuela. This result deserves an explanation, as both countries made similar structural reforms to allow a free...

This paper displays an analysis of the economic growth rates of Argentina, Brazil, Chile and Mexico during the period 1961-2017. Explanations related to total factor productivity and to capital ac- cumulation are here contrasted in a context of growth external constraint. The following...

This paper displays an analysis of the economic growth rates of Argentina, Brazil, Chile and Mexico during the period 1961-2017. Explanations related to total factor productivity and to capital ac- cumulation are here contrasted in a context of growth external constraint. The following...

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...

Studies in economic growth have focused on the convergence hypothesis for regions, territories and groups of countries. The main idea is that on the long run, the poorer regions would catch up to the richer in terms of Gross Domestic Product Per Capita. This paper analyses the economic...

We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...

We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...

Spanish Abstract: El objetivo de este trabajo fue explicar el mayor o menor ritmo de crecimiento de la productividad total de los factores (PTF) en las principales economías del este asiático y latinoamericanas entre 1960 y 2015. Encontramos evidencia econométrica favorable a una hipótesis:...

Spanish Abstract: Durante las presidencias de Néstor Kirchner (2003-2007) y Cristina Kirchner (2007-2015) en Argentina, y de Lula (2003-2011) y Dilma Roussef (2011-2016) en Brasil, ambos países mostraron tasas de crecimiento relativamente altas, los salarios reales aumentaron y la pobreza...

Spanish Abstract: Los análisis del gasto público en Colombia tienden a concentrarse en aspectos coyunturales y suelen concluir que se debe reducir para garantizar el equilibrio macroeconómico. Este artículo parte del hecho de que la Constitución de 1991 adoptó un Estado de derecho que...