In recent years there has been a revival of interest in the trade-growth nexus. A number of authors have suggested that regional economic integration and liberalization of international trade are likely to have positive effects not only on productivity levels but also on long-term productivity...

The Argentine economy has grown 94 percent for the years 2002-2011, using International Monetary Fund projections for the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth rates in the world. It also compares favorably to...

This paper examines some of the economic issues that could be relevant to Mexico’s July 1st presidential election. These include the short-term impact of the 2008-2009 recession and recovery; the longer-term record of Mexico’s economy since the Partido Acción Nacional (PAN) party took power...

Outside observers could be forgiven for expecting Ecuador to suffer terribly during and after the recent global crisis. Two of the country’s largest sources of foreign earnings, petroleum exports and remittances from abroad, crashed during the global recession. Furthermore, lacking its own...

Specialized literature states that a deregulated financial system has positive effects on long-term economic growth. The Mexican financial system has gone through two major phases: regulation until 1988 and soon after liberalization. In this framework, by using cointegration and causality tests...

This research empirically analyzes the relationship between religion distribution and economic performance for a number of Latin American countries. The econometric results using time-series cross-sectional data yield consistent yet relatively mild estimates. Religion as a conduit for modifying...

Venezuela’s current growth is generally described as unsustainable, with various negative scenarios put forth, including spiraling debt, inflation, and balance of payments crises. However, these pessimistic forecasts have been far off the mark for most of the past decade. This paper looks at...

In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data and analysis, confirm the Schumpeterian prediction...

Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post-Keynesian literature. However, the majority of studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to...

In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data and analysis, confirm the Schumpeterian prediction...