The aim of this paper is to investigate how major net oil exporter economies react to oil price shocks. We contribute to the literature by considering, at the same time, the possible nonlinearity and asymmetry of this relationship with respect to sign, size and causes of the oil price shocks, as...

A collection of essays that explore the collapse of economic growth in Venezuela since the 1970s. Essays discuss the relevance of public investment, labor markets, fiscal policy, institutions, politics, and values. - Provided by publisher

Spanish Abstract: En 1989 Venezuela implementó un programa de reformas para fortalecer el papel del mercado en la asignación de los recursos y disminuir la intervención del Estado y un año después Perú hizo otro tanto. Sin embargo, Perú creció a una tasa de 6,3 por ciento en las...