We examine the impact of financial development on earnings inequality in Brazil in the 1980s and first half of the 1990s. The evidence- based on panel-time series data and analysis-shows that financial development had a significant and robust effect in reducing inequality during the period. We...

We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the period between 1985 and 2002. The results-based initially on time-series and then on panel time-series data and analysis, and robust for different estimators and financial...

This study analyses the relationship between entrepreneurial dynamics and the level of competitiveness in Latin American countries. Based on a stage of economic development model we demonstrate that Latin American countries under the model followed different paths related to competitiveness....

Der Beitrag analysiert die Argentinien-Krise, vergleicht die makroökonomische Entwicklung von Argentinien, Brasilien, Chile und Mexiko seit der Mexiko-Krise und entwickelt Indikatoren zur Beurteilung der Entwicklungschancen dieser Länder. Für Argentinien wie für Brasilien, Chile und Mexiko...

We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the period between 1985 and 2002. The results – based initially on time-series and then on panel time-series data and analysis, and robust for different estimators and financial...

The current paper analyzes the importance and potentials of the tourism sector for economic development. It is divided into four major parts. After a short introduction, section two presents some theoretical insights into the topic of economic development. Commenting on the most relevant...

Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively across the Americas, and slavery remained prevalent in most countries after independence from the European powers. We investigate the impact of slavery on long-run development...

This is an update and revision of our 2009 study. Using a broad dataset and an original methodology, this paper reports composite development gaps across economic, social and institutional sectors. We define development gap as the distance between the observed and the expected development level...

In this paper we bridge a gap between innovation economics and the human development approach by analyzing positive and negative effects of different types of economic diversification on social welfare. Economic variety is a driver and outcome of economic development. However, diversification...