The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects...

Hydroelectric dams produce electricity, provide flood control, and improve agricultural irrigation. But the building and operation of these dams frequently involve forced displacement of local communities. Displacement often has an outsized impact on indigenous persons, who are...

Portuguese Abstract: Visando incrementar a integração nacional às finanças globais, as autoridades regulatórias brasileiras têm progressivamente absorvido normas harmonizadas que afetam diretamente a arquitetura do mercado financeiro interno. O Comitê da Basiléia iniciou seus trabalhos...

This paper examines new trends in regional integration of developing countries. They are a transition from the policy of old regionalism to the policy of new regionalism with the predominance of the model of "industrial regionalism"; preferential notification within the WTO in accordance with...

Este artículo analiza el carácter político de la tributación, lo que ayuda a explicar por qué no ha sido homogénea la adopción del modelo auspiciado por el FMI en América Latina. Toma a Colombia como caso de estudio para mostrar que las reformas tributarias están supeditadas a su...

The literature on finance and economic growth establishes that a deregulated financial system increases economic growth in the long run. Mexican financial institutions have endured through two great stages: regulation until 1988 and liberalization after this date until today. Under this...

This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the...

Chile's average per capita GDP growth of 4.1% during 1991-2005 was significantly higher than average world growth during the same period and was a strong break from its own past. How much of Chile's recent growth is trend growth and how much is cyclical, influenced largely by external...

This research study summarises the effects of corruption in Brazil and its effects on the economic growth of the country, both on the governmental and corporate level. By making use of the theoretical approach of Pak Hung Mo and his model of the economic growth which takes into consideration...

The paper examines Latin American countries' productivity growth levels and their convergence patterns utilizing nonparametric frontier approaches. Utilizing a sample of 17 Latin American countries for the period 1970-2014 it estimates various productivity indexes alongside with their main...