En el contexto de una globalizacion cada vez mayor, las economias pequenas latinoamericanas se hallan confrontadas a una serie de desafios y oportunidades en que su dimension economica se considera generalmente una desventaja. Las deseconomias de escala aumentan sus costos de produccion mientras...

The paper reviews the various determinant of economic size (population, natural resources and domestic market) that may affect the growth pattern of smaller Latin American and Caribbean countries. All these factors weigh all the more heavily in that trade has become one of the key factors in...

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...

Most small island economies or "microstates" have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a...