Investment in machinery is a key aspect in the analysis of long-term economic growth during the era of the spread of industrialisation. But, historiography has only revealed what the pace of capital accumulation was in a few Latin American economies. This article offers continuous (annual) and...

The aim of this paper is to know, compare, contrast and evaluate the positive aspects of creating a hemispheric market, by analyzing the bilateral and multilateral agreements under negotiation, particularly the Free Trade Area of the Americas (FTAA). The theoretical framework is based on the...

This research attempts an exploratory inquiry to view, identify, and foresee trends where the forthcoming Summit of the Americas may depart as a dynamic agent that will determine the transformation of developing economies in the Western Hemisphere. We launched this proposition based on a...

After the Quebec Presidential Summit of The Americas Meeting, countries like Colombia will have to reshape its political structure to meet Hemispheric requirements. We will have to encourage universal education, preserve democracy, deepen economic integration and eradicate poverty. This is a...

The second round of the Presidential elections in Chile marked a swing in the local political scenario. The coalition led by Gabriel Boric secured an unprecedented victory under the premise of delivering long-awaited reforms to a financially volatile, structurally fragile and deeply unequal...

Neither socialism nor free-market neoliberalism has been a very helpful model for Latin America, writes Javier Santiso in this witty and literate reading of that region's economic and political condition. Latin America must move beyond utopian schemes and rigid ideologies invented in other...

We compute Public Sector Performance (PSP) and Public Sector Efficiency (PSE) indicators and Data Envelopment Analysis (DEA) efficiency scores for a sample of twenty-three Latin American and Caribbean Countries (LAC) to measure efficiency of public spending for the period 2001-2010. Our results...

This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...

We compute Public Sector Performance (PSP) and Public Sector Efficiency (PSE) indicators and Data Envelopment Analysis (DEA) efficiency scores for a sample of twenty-three Latin American and Caribbean Countries (LAC) to measure efficiency of public spending for the period 2001-2010. Our results...

We empirically investigate the hypothesis that when democracies are young, or still fragile and unconsolidated, the size of government (in terms of consumption, debt and share to GDP) tends to increase in an attempt to buy out the electorate, so that democracy becomes acceptable and ?the only...