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This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined...
Persistent link: https://www.econbiz.de/10005529073
This paper documents the income distribution changes experienced by Argentina during the last decades. Inequality substantially increased, and despite economic growth during some periods, poverty also went significantly up. Two types of episodes have shaped Argentina's income distribution: deep...
Persistent link: https://www.econbiz.de/10010653197
across workers. The results suggest that while equalizing access to quality education, including improved early learning … investigate the role of race, family background and education (both the quantity and quality) in explaining earnings inequality … differences in human capital, including parental education and education quality, and in its returns, account for most but not all …
Persistent link: https://www.econbiz.de/10010653996
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Persistent link: https://www.econbiz.de/10009626193
This paper estimates the impact of two productive development programs (PDPs) in Costa Rica: PROPYME and CR Provee. The first seeks to increase the capacity of small and medium-sized firms (SMEs) to innovate, and the second aims to increase backward linkages between Costa Rican SMEs and...
Persistent link: https://www.econbiz.de/10010721886
This paper analyzes alternative models for emerging sovereign ratings. Although a small number of economic fundamentals explain ratings reasonably well, variations in those economic fundamentals are themselves explained by a small number of world factors. On the other hand, global financial...
Persistent link: https://www.econbiz.de/10010652582
How effective are export promotion activities in developing countries? What are the channels through which export promotion affects firms' exports, the intensive margin or the extensive margin? Empirical evidence in this respect is scarce. We aim at filling this gap in the literature by...
Persistent link: https://www.econbiz.de/10010652611
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010653526
Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more generally. However, evidence on the effectiveness of these...
Persistent link: https://www.econbiz.de/10010653545