America Latina abarca los paises que son los mayores productores de hoja de coca, pasta basica y cocaina. El caracter ilegal de la industria de la droga le imprime un caracter peculiar: El crimen organizado, la violencia y la corrupcion son sus componentes naturales. El narcotrafico ejerce su...

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...

Ante la caída reciente de las cotizaciones internacionales y las fases expansivas y contractivas del ciclo económico, los "shocks" permanentes ayudan a explicar la varianza de los precios de exportación de Bolivia. Además, la incorporación a la cartera exportadora de un nuevo sector, como...

By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation during 1984-85) suggests that internal factors as well as...