liberalization of trade, FDI, portfolio flows, and migration. It then compares the inequality and growth performance of Latin America …The paper first summarizes the theoretical and empirical literature on the growth and inequality impact of the … paper argues that the latter recorded growth rates of GDP slightly higher than those of Latin America, but that they …

pertains to why capital seems to flow to economies with lower rather than higher productivity growth. We find that while … contradicting the predictions of traditional neoclassical growth models, financial development significantly mitigates this effect …

This paper assesses the role of financial frictions and Foreign Direct Investment (FDI) on an economy´s growth rate … suggest that in the presence of credit market imperfections FDI is associated with faster growth, less leverage, and lower …

the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …