Using a panel of 16 countries during the 1961-2010 period, we find that financial development has a positive significant ef fect on economic growth in the long run for high-income countries but a negative significant ef fect for low-income countries. When studying the determinants of financial...

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...

This paper explores the relationship between the inequality of income distribution and the economic growth of 20 Latin American and Caribbean countries during the 1980-2010 period. The study shows that the features of his relationship depend on the income level. In general, inequality is harmful...

The aim of this paper is to explore a parallelism between two episodes in the history of economic thought in order to suggest that the interaction between them can contribute to the research on Kaleckian growth and distribution models. First, a brief summary of the theoretical development from...

While Mexico has potential to grow rapidly, its economic growth has remained low for the past three decades. There is no consensus on the country s development path or on how to achieve specific goals. Since the policy debate remains ideological and lacks pragmatism, productive development...

Economic growth theory predicts more success for North-South than for South-South agreements. We compare the speed of convergence of the North-South area NAFTA with that of the South-South area SICA and the one of the MERCOSUR. We apply GSL fixed effects and a random effects regression with the...