This article compares the distribution dynamics of two commonly used TFP estimation frameworks: the control function approach of Levinsohn and Petrin (2003) (LP for short) and the corrected control function approach of Ackerberg et al. (2015) (ACF for short). Using Brazilian firm-level data for...

Abstract Large productivity dispersion within narrowly defined sectors is widely documented. However, across studies, several statistics are used to assess dispersion and there is not enough discussion about differences among them. Using firm-level data for the textile and furniture sectors in...

In this paper we analyze the on-impact effect of the Covid-19 pandemic on Ecuadorian firms and, conditional on this, we analyze firms' short-run performance. We estimate various econometric models on a combined dataset of almost 5,000 firms that includes fiscal-year performance variables from...

The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their...

Mankiw, Romer and Weil (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This paper suggests an empirical procedure...

This paper analyzes the convergence process in Latin America and the Caribbean during the 1960-2005 period. The evidence is not favorable to clear convergence or divergence trends, but to a slight process of convergence until the 1970s, and then global divergence. In turn, the results suggest...

The essence of this study is to verify the macroeconomic implications of cross-border remittances for economic growth prospects of small-open developing economies for the period, 1996-2006. A set of dynamic panel model, specified within the framework of Blundell-Bond Generalized Method of Moment...

This paper studies absolute and conditional convergence (alfa and beta-convergence too,) in Mexico over the period 1970-1995. I use the neoclassical growth model and a cross-section data for empirics. I find evidence of conditional convergence (near at traditional 2% rate) for full period but...

The objective of the work is to determine the existence of convergence (absolute and conditional) for the region of Latin America and to determine the main variables that affect the economic growth of these countries. The main results are the following ones: there is empirical evidence of...

This paper uses daily data for market returns as well as for the cross-listed securities on the three main stock exchanges in the Caribbean: the Barbados Stock Exchange, the Trinidad and Tobago Stock Exchange and the Jamaica Stock Exchange to examine the beta-convergence and sigma-convergence of...