In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications … between export sophistication and economic growth. As a result, we argue that EXPY is not a good predictor of future economic … performance when the prices of primary commodities are unstable. Policy makers must be aware that, while what countries export is …

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin … American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … capital at a considerably lower rate than at present. Consumption should be heavily taxed in Brazil and Mexico and optimal …