The purpose of this study is to build and estimate a model to assess the determinants of Foreign Direct Investment (FDI) in Latin America and also for a larger group of emerging market countries. Based on a panel data model for seven Latin American Countries over the period of 1984-2001, we...

A recurrent issue in the empirical literature that relates real exchange rate levels and growth is the relatively undervalued level of the Asian currencies when compared to Latin American and African ones for the period 1970 to 1999. In most works, higher per capita growth rates and lower...

The work of Douglass North represents today an important reference for those studying issues related to growth and institutional economics. After the book Institutions, Institutional Change and Economic Performance (1990) and the Nobel prize in 1993, his contributions seem to have been...