The paper explores the evolution of export diversification patterns along the economic development path. Using a large database with 159 countries over 17 years at the HS6 level of disaggregation (4’998 product lines) we look for action at the “intensive” and “extensive” margins...

This paper applies the balance-of-payments-constrained growth model to 17 countries of Latin America over the period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports, which is done for Latin America as a whole and for individual countries. As well as...

Publicâprivate partnerships that aim at the development of innovations have gained increasing attention from governments, public research and private companies, because they enable partners to draw from complementary resources and profit from synergy and joint learning. This article develops...

Global value chains (GVCs) often represent one of the few options for local firms and suppliers in developing countries to get access to larger markets and to new technologies. While the potential benefits from GVCs for medium-income developing countries are well documented, the studies dealing...

This paper will analyse the debate about official dollarization in Latin America. Because of the opportunity cost of dollarization, replacing a national currency by a foreign currency is a solution of last resort to the financial instability of emerging economies. To clarify the discussion, a...

<span style="font-size: 12pt"><span style="font-size: 12pt">Fiscal reform in developing countries has succeeded in increasing tax revenue from indirect taxes. Here it is assumed that those taxes will be transferred backwards to wages rather than forward to prices. This implies a certain degree of flexibility of nominal wages, which, however is not so...</span></span>

The author starts with a general review of co-operative supervision, understanding as such the State activity ensuring that co-operatives comply with the laws and rules regulating them. The following chapter analyses the supervisory function as established in current co-operative law in the...

Past research on European Union (EU) enlargement has tended to neglect the effects on trade with non-preferred trading partners. This paper examines the consequences of EU enlargement on trade between Spain and the Latin American countries with which it has traditional economic and cultural...

This paper quantifies the relative contribution of domestic, regional and international factors to the fluctuation of domestic output in six key Latin American (LA) countries: Argentina, Bolivia, Brazil, Chile, Mexico and Peru. Using quarterly data over the period 1980:1-2003:4, a multivariate,...