This paper examines the determinants of social spending in Latin America during the period 1990–2012 and how they differed between the years of the Washington Consensus (1990–2000) and the period that followed (2001–2012). Special attention is also paid to the evaluation of convergence...

We analyse the non-linear relationship between oil price shocks and the real business cycle in Ecuador, a dollarized economy where oil exports are the country's main source of foreign exchange. We estimate several autoregressive Markov switching models for the period 2000:01-2020:01 to identify...

We analyse the non-linear relationship between oil price shocks and the real business cycle in Ecuador, a dollarized economy where oil exports are the country's main source of foreign exchange. We estimate several autoregressive Markov switching models for the period 2000:01-2020:01 to identify...

This paper studies the evolution of per capita income disparities across Latin America between 1950 and 2008 through an analysis of beta and sigma convergence. Our main objective is to detect whether countries have converged to a common stead state in per capita income or if on the contrary,...

This paper examines the determinants of social spending in Latin America during the period 1990-2012 and how they differed between the years of the Washington Consensus (1990-2000) and the period that followed (2001-2012). Special attention is also paid to the evaluation of convergence towards a...

This paper aims to analyze the growth and convergence of human development in Latin American countries, grouped in areas of economic interest, through the hybrid Human Development Index for the period 1970-2010. We find that all groups of Latin-American countries have higher levels of human...

This paper studies the evolution of per capita income disparities across Latin America between 1950 and 2008 through an analysis of beta and sigma convergence. Our main objective is to detect whether countries have converged to a common stead state in per capita income or if on the contrary,...

This paper aims to analyze the growth and convergence of human development in Latin American countries, grouped in areas of economic interest, through the hybrid Human Development Index for the period 1970-2010. We find that all groups of Latin-American countries have higher levels of human...