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How does a shifting economic power balance between the United States and China affect the strategic choices of Latin … to insulate themselves from market volatility. Rising terms of trade and a commodity boom, driven in part by China … insights for the study of globalization, the Latin American left, and China-Latin American relations, by helping explain the …
Persistent link: https://www.econbiz.de/10011148633
How does a shifting economic power balance between the United States and China affect the strategic choices of Latin … to insulate themselves from market volatility. Rising terms of trade and a commodity boom, driven in part by China … insights for the study of globalization, the Latin American left, and China-Latin American relations, by helping explain the …
Persistent link: https://www.econbiz.de/10011148639
How does a shifting economic power balance between the United States and China affect the strategic choices of Latin … to insulate themselves from market volatility. Rising terms of trade and a commodity boom, driven in part by China … insights for the study of globalization, the Latin American left, and China-Latin American relations, by helping explain the …
Persistent link: https://www.econbiz.de/10011148641
This paper examines the two-way relationship between economic growth and financial development for Latin America and the Caribbean (LAC). The sample consists of 32 emerging and developing countries from LAC spanning the period 1970-2014. Controlling for country and time fixed effects, the first...
Persistent link: https://www.econbiz.de/10012010125
Given their powerful position in presidential cabinets, technocrats are an important transmission mechanism for explaining economic policy choices, but have received less attention compared to other well-established channels such as elections or democratic tenure. I incorporate the role of...
Persistent link: https://www.econbiz.de/10012981316
Political economy theory expects that changes in macroeconomic governance are often catalyzed by institutional factors, such as partisanship, elections, or IMF conditionality. I challenge and contextualize this view by incorporating the role of technocratic advisors into a domestic policymaking...
Persistent link: https://www.econbiz.de/10013006177
Persistent link: https://www.econbiz.de/10003880417
This paper analyzes the relationship between financial development and economic growth in Latin America with a Granger causality test and impulse response functions in a panel vector autoregression (VAR) model. With annual observations from a sample of 18 countries from 1962 to 2005, it is shown...
Persistent link: https://www.econbiz.de/10013157825
In a panel framework that includes 18 countries, this paper studies the short and long run effect of financial development on economic growth and the determinants of financial development in Latin America. Financial development shows a positive effect on economic growth in the long run, but a...
Persistent link: https://www.econbiz.de/10013138443
This paper analyses the effects of fiscal shocks using a two-country macroeconomic model for output, labour input, government spending and relative prices which provides the orthogonality restrictions for obtaining the structural shocks. Dynamic simulation techniques are then applied, in...
Persistent link: https://www.econbiz.de/10013316574