This paper discusses recent trends in investment in the oil sector, amid new challenges for national and international oil companies in an increasingly supply-constrained environment. After more than a decade of stagnant investment rates, nominal investment has picked up sharply over the three...

This report examines the quality of public policies in Latin America and the Caribbean after more than a decade of political and economic reform. A wide variety of examples and case studies are presented in an analytical framework to help explain why policies that work in certain institutional...

High government debts, weak economic growth, vulnerability to external shocks and the design of sound fiscal consolidation strategies are among the most critical issues that some of the Caribbean countries have currently to deal with. Stabilization programs may harm economic growth but, under...

This paper contributes to the analysis of the Caribbean's growth performance by setting out a framework for benchmarking indicators of key micro drivers and related structural policies that help explain differentials in productivity and real GDP per capita across the region, and relative to...

El manejo adecuado de los ingresos fiscales por Recursos Naturales No Renovables (RNNR) busca cumplir tres objetivos: evitar la desestabilización macroeconómica, redistribuir equitativamente la riqueza minera entre la generación presente y las futuras, y promover la diversificación...

Caribbean countries are many times described as "vulnerable" in that they are highly prone to shocks such as food price hikes, natural disasters, and other global phenomena. This policy brief discusses a particular type of "vulnerability", namely, the impact of the trading partner, output...

This report examines the quality of public policies in Latin America and the Caribbean after more than a decade of political and economic reform. A wide variety of examples and case studies are presented in an analytical framework to help explain why policies that work in certain institutional...

Do tax incentives for science and technology stimulate additional investment? We use detailed data on applications and acceptances for R&D tax incentives, a special survey, and for the first time, the science and technology module from the 2000-2002 Survey of Manufacturers database in Colombia...