The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the external sector, is a crucial component for those models in which production and consumption is not specified endogenously for all countries. This paper looks explicitly at the...

Este ensayo presenta una evaluacion econometrica del efecto en la tasa del crecimiento economico de la liberacion de la cuenta comercial y la cuenta de capital, la reforma fiscal y financiera y la privatizacion, partiendo de un modelo estadistico estimado con datos de 17 paises latinoamericanos...