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Under-employment or informality is a compelling truth in developing countries, and Ecuador is no exception, least of … all the city Guayaquil. This descriptive study attempts to investigate informality, its reality and characteristics, and … influence the non-formalization of its activities. The results support that informality may be seen as an enterprise mechanism …
Persistent link: https://www.econbiz.de/10011872974
This paper examines the two-way relationship between economic growth and financial development for Latin America and the Caribbean (LAC). The sample consists of 32 emerging and developing countries from LAC spanning the period 1970-2014. Controlling for country and time fixed effects, the first...
Persistent link: https://www.econbiz.de/10012010125
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
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Long-term regional convergence hypothesis is examined for 32 Mexican states in a regional growth model with poverty traps using a new dataset on regional income inequality for the period 1940-2011. Although zero-growth poverty trap hypothesis is rejected for 28 out of 32 states, the evidence...
Persistent link: https://www.econbiz.de/10012806102
I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina’s unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy is based on building a counterfactual scenario to examine the path of...
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