This paper evaluates the degree of consumption insurance enjoyed by Latin American and Caribbean countries, with respect to various reference areas, by estimating a parameter expressing the sensitivity of a country's consumption growth to a measure of idiosyncratic shocks to income. The paper...

This paper evaluates the degree of consumption insurance enjoyed by Latin American and Caribbean countries, with respect to various reference areas, by estimating a parameter expressing the sensitivity of a country's consumption growth to a measure of idiosyncratic shocks to income. The paper...

Purpose - This study provides empirical evidence on the impact of the Panama Canal expansion (PCE) on the economies of Latin American and Caribbean (LAC) countries, particularly in light of the emergence of larger container ships such as neo-Panamax and post-Panamax vessels....

Intro -- Contents -- Acknowledgments -- Introduction -- 1. Stylized Facts -- Trend and Cyclical Components of GDP Growth -- Growth Accounting -- Growth, Investment, and Saving -- Summary -- 2. Determinants of Growth -- Setup -- Growth Determinants -- Transitional convergence -- Cyclical...