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Monetary policy and the term structure of interest rates in a small open economy - a model framework approach

Kotlán, Viktor - EconWPA - 2001

Using a simple single-equation approach, many studies have shown that the term structure of interest rates or its approximation – the term spread is a potentially useful indicator of future inflation and/or future real economic activity. We argue that these results may be biased due to the...

Persistent link: https://www.econbiz.de/10005412662

An Overview of Strategy Development Models and the Ward-Rivani Model

Ward, David; Rivani, Elena - EconWPA - 2005

Numerous models for developing strategy, defining and aligning competitive advantage have been proposed over the years … how to classify and appreciate strategy tools and models. Mintzberg et al. have developed schools of thought to help … alleviate and categorise this problem but this approach lacks a comparison of the models found in industry e.g. BCG, 7S McKinsey …

Persistent link: https://www.econbiz.de/10005119386

Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth

Delsen, Lei; Schonewille, Mark - EconWPA - 1999

This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...

Persistent link: https://www.econbiz.de/10005125046

Where Did the Trade Liberalization Drive Latin American Economy: A Cross Section Analysis

Rajagopal - EconWPA - 2005

The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. The countries in Latin America have not had...

Persistent link: https://www.econbiz.de/10005407890

Latin American Trade Elasticities

Jr, Thomas M Fullerton; Sawyer, W Charles; Sprinkle, … - EconWPA - 2004

A survey of trade elasticities published for Latin American economies is conducted. Articles surveyed were published between 1975 and 1997. They include data from the mid-1950s through the mid-1990s. Imports are found to be highly income elastic as well as very price inelastic. Relatively fewer...

Persistent link: https://www.econbiz.de/10005408032

Who supports Free Trade in Latin America?

Beauliue, Eugene; Yatawara, Ravi; Wang, Wei Guo - EconWPA - 2005

This paper examines individual trade policy preferences across the 17 countries in Latin America. The focus is on whether skilled or unskilled workers are more likely to support liberalized trade and on whether country characteristics, such as factor endowments, alter the preferences of skilled...

Persistent link: https://www.econbiz.de/10005408042

THE ROLE OF GLOBAL RISK AVERSION IN EXPLAINING LATIN AMERICAN SOVEREIGN SPREADS

HERRERO, ALICIA GARCIA; ORTIZ, ALVARO - EconWPA - 2004

This paper explores the role of global risk aversion (GRA) and its main determinants, US economic growth and the US government bond yield, in explaining developments in Latin American sovereign spreads. We find that GRA is significant and positively related to Latin American sovereign spreads...

Persistent link: https://www.econbiz.de/10005408195

The Two Faces of Knowledge Diffusion: the Chilean Case

Morone, Piergiuseppe - EconWPA - 2002

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of education is no longer an individual exercise of present...

Persistent link: https://www.econbiz.de/10005408325

Globalization, Domestic Politics and Social Spending in Latin

Kaufman, Robert R.; Segura-Ubiergo, Alex - EconWPA - 2005

This paper analyzes the impact of globalization on social spending in Latin America. It shows that trade integration has a consistently negative effect on social security expenditures, and that this effect is compounded by higher integration into capital markets. The importance of political...

Persistent link: https://www.econbiz.de/10005412487

User's Guide to an Early Warning System for Macroeconomic Vulnerability in Latin American Countries

Herrera, Santiago; Garcia, Conrado A. - EconWPA - 2000

reported. The models’ out-of-sample predictive ability are tested with plenty of crises cases occurring after the first stage … cases were correctly anticipated by the signals of vulnerability issued by the models. Additionally, Mexico’s models …

Persistent link: https://www.econbiz.de/10005076817