The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis … seventeen countries of Latin America has improved the trade-off between GDP growth and the trade balance, allowing the countries …

This paper applies the balance of payments constrained growth model to seventeen countries of Latin America over the … is found for Latin America as a whole and for some individual countries, and the balance of payments equilibrium growth … rate is a good predictor of growth performance in nine of the seventeen countries. There is no evidence that the balance of …

the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since … income elasticity of demand for imports (partly associated with an increase in foreign direct investment with a high import … content) which has not been compensated by a sufficiently fast growth of exports, leading to severe balance of payments …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …

propensity to export and this has worsened the growth rate consistent with balanced trade, and this is a major explanation of the … slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … to knowledge creation, a feature based on endogenous growth theory. We analyze the link from resource income future …

positively affected Latin American economic growth in this period, while the determinants traditionally put forward in the … empirical growth literature, such as technical change and openness, did not. Finally, the positive correlation between the …

accumulation. The present article studies international convergence and divergence, linking structural change with trade and growth …&D intensive sectors allows achieving higher rates of growth in the long term and increases the capacity to respond to demand … changes. A virtuous export-led growth requires laggard countries to reduce the technological gap with respect to more advanced …

rather than slowdowns in GPD growth, although we find a positive relationship between first births and growth. Despite that …