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simulations to understand how trade affects economic outcomes in the presence of informality. We show the following: 1) Trade … openness unambiguously decreases informality in the tradable sector but has ambiguous effects on aggregate informality. 2) The … even when informality is repressed. 4) Repressing informality increases productivity but at the expense of employment and …
Persistent link: https://www.econbiz.de/10012498192
Does government size increase to compensate for the volatility that arises from openness? We evaluate this compensation hypothesis by focusing on Latin America, whose economic growth in the 2000s has been often attributed to the commodity boom. Panel data regressions show that during the...
Persistent link: https://www.econbiz.de/10012911643
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on research emerging from the late 2000s onward, with an emphasis on empirical work considering new mechanisms, studying new dimensions of inequality, and developing new...
Persistent link: https://www.econbiz.de/10014536261
Persistent link: https://www.econbiz.de/10009690164
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Persistent link: https://www.econbiz.de/10012203629
Economic growth is essential, though not sufficient, for poverty reduction in developing countries. Research based on many different approaches and including both cross-country and intra-country studies shows that international trade can contribute to economic growth, and thus can help many poor...
Persistent link: https://www.econbiz.de/10011514707
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10011450834
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10013318979
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10013319119