Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...

Policy analysis : contending and complementary approaches -- A fragile states framework -- The determinants and consequences of state fragility : an empirical assessment -- Assessing policy inputs : aid allocation and effectiveness in fragile states environments -- Profiles of fragility for...

Introduction: Africa in changing perspective -- Part A. Analyzing the African experience. Dimensions of development: geography, ecology, history -- Concepts of African economic development: growth, structural change, poverty and gender -- Development theories, political economy and governance --...

This paper quantifies and assesses the impact of an adverse loan supply (LS) shock on Peru's main macroeconomic aggregates using a Bayesian vector autoregressive (BVAR) model in combination with an identification scheme with sign restrictions. The main results indicate that an adverse LS shock:...

Purpose: The purpose of this paper is to analyze the effects of corruption on economic growth, human development and natural resources in Latin American and Nordic countries. Design/methodology/approach: Using the hierarchical prior of Gelman et al. (2003), a Bayesian panel Vector...

Purpose: Following Ang and Piazzesi’s (2003) study, the authors use an affine term structure model to study the relevance of macroeconomic (domestic and foreign) factors for Peru’s sovereign yield curve in the period from November 2005 to December 2015. The paper aims to discuss this issue....

Following the approach suggested by Engel and Kim (1999), we estimate the permanent and transitory components of the real exchange rates in four Latin-American countries for the period 1957:01 to 2002:04. Results suggest that transitory component is the driving force of the real exchange rates...

There has been a substantial amount of convergence between post-Keynesian and Marxist economics, the writings of Kalecki being common ground for both traditions. Still, some differences remain. While authors in both traditions seem to agree to a large extent on short-period issues, long-period...