"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...

Latin American and Caribbean (LAC) region were bumping against capacity constraints with unemployment reaching historically low levels and economic activity hitting bottlenecks and central banks were thus engaged in combating upward price pressures through tighter monetary policies. The focus of...

Generative artificial intelligence (Gen AI) is set to potentially transform the labor market, presenting both opportunities and challenges. Studies about its possible impacts have generally focused on high-income countries. But AI may be a crucial path to greater productivity in emerging markets...

This report estimates fuel-specific TCPs for 11 LAC countries-Argentina, Brazil, Chile, Colombia, Dominica, Jamaica, Mexico, Paraguay, Peru, St. Lucia, and Uruguay-from 2017 to 2023, and a preliminary estimate for 2024 is also constructed. TCPs in this report are built using a detailed bottom-up...

The following report presents the results of analyzing 30 city-level Climate Action Plans (CAPs) from Latin America and the Caribbean region. The report is structured into two main sections. This first section presents the city context and summary of CAP evaluation for each city. The second...

This study explores the short-term welfare and distributive effects of selected fuel tax and subsidy reforms in six countries in the Latin America and Caribbean (LAC) region that are aimed at promoting the transformation of energy systems and have the potential to generate much-needed fiscal...