Capital Flight, Saving Rate and the Golden Rate Level of Capital Policy Recommendations for Latin American Countries

2008 ◽  
Vol 6 (2) ◽  
Author(s):  
Joaquin L. Vespignani
Keyword(s):  
Latin American ◽  
Golden Rule ◽  
Capital Flight ◽  
Government Revenue ◽  
Policy Recommendations ◽  
Saving Rate ◽  
Economic Policies ◽  
Indirect Taxation ◽  
Rate Level ◽  
Latin American Countries

This paper seeks to analyze the determinants of capital flight in selected Latin American countries throughtout the 1990s, and gives some insights into what economic policies would be adequate under capital flight conditions. Finding empirically, the saving rate to be a new determinant of capital flight, this paper discusses whether or not acheiving the golden rule level of capital would be desirable and what source of government revenue (direct or indirect taxation) would be appropriate under those conditions.

Green Growth in Mexico, Brazil, and Chile

2016 ◽  
pp. 203-237
Author(s):  
Inmaculada Martinez-Zarzoso ◽  
Nicole Grunewald
Keyword(s):  
Latin American ◽  
Empirical Model ◽  
Environmental Indicators ◽  
Policy Recommendations ◽  
Green Growth ◽  
Gas Emissions ◽  
The Future ◽  
Latin American Countries ◽  
Growth Indicators

This research focuses on identifying the main policy strategies that could potentially contribute to the advance of three Latin American economies, namely Brazil, Chile and Mexico towards a green growth model that is social and inclusive, given the actual patterns of development of those economies. With this aim, we first identify and describe past and current policies in each country in terms of economic, social and environmental indicators. A detailed analysis follows for Brazil, Chile and Mexico, in which we propose a series of green growth indicators and choose a definition and classification of green growth sectors. We estimate an empirical model to explain the determinants of greenhouse gas emissions and deforestation in Latin American countries. We broadly identify the sectors that contribute to its increase and describe the main green policies applied in each country. In turn we identify the sectors with higher potential for the future. Finally, we present policy recommendations and reflections for the future.

scholarly journals Does FDI promote Economic Growth and Development? Evidence from Latin America and Africa

2015 ◽  
Vol 44 (1) ◽  
pp. 34-52
Author(s):  
Mohammed Seid Hussen
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Latin American ◽  
Positive Impact ◽  
Absorption Capacity ◽  
Transport Infrastructure ◽  
Panel Regression ◽  
Economic Policies ◽  
The Impact ◽  
Latin American Countries

This paper is an attempt to analyse and empirically estimate the impact of FDI on economic growth and human development of Africa and Latin American countries for the period 1985–2011. To this end we develop two equations: growth and human development. Our findings, based on fixed effect panel regression, thus, suggest that FDI does not have a positive impact on economic growth but it has significant positive impact on human development. We conclude that for FDI to be a noteworthy provider to economic growth, it is important to increase absorption capacity by improving the level of democracy, increasing and improving transport infrastructure and following appropriate economic policies. Our results are found to be robust across approach, model specifications and statistical test.

Green Growth in Mexico, Brazil, and Chile

2017 ◽  
pp. 201-233
Author(s):  
Inmaculada Martinez-Zarzoso ◽  
Nicole Grunewald
Keyword(s):  
Latin American ◽  
Empirical Model ◽  
Environmental Indicators ◽  
Policy Recommendations ◽  
Green Growth ◽  
Gas Emissions ◽  
The Future ◽  
Latin American Countries ◽  
Growth Indicators

This research focuses on identifying the main policy strategies that could potentially contribute to the advance of three Latin American economies, namely Brazil, Chile and Mexico towards a green growth model that is social and inclusive, given the actual patterns of development of those economies. With this aim, we first identify and describe past and current policies in each country in terms of economic, social and environmental indicators. A detailed analysis follows for Brazil, Chile and Mexico, in which we propose a series of green growth indicators and choose a definition and classification of green growth sectors. We estimate an empirical model to explain the determinants of greenhouse gas emissions and deforestation in Latin American countries. We broadly identify the sectors that contribute to its increase and describe the main green policies applied in each country. In turn we identify the sectors with higher potential for the future. Finally, we present policy recommendations and reflections for the future.

The Hidden Logic of “Irrational” Economic Policies in Ecuador

1990 ◽  
Vol 32 (2) ◽  
pp. 43-68 ◽  
Author(s):  
Francisco E. Thoumi
Keyword(s):  
Interest Rates ◽  
Latin American ◽  
Economic Performance ◽  
Policy Recommendations ◽  
Economic Policies ◽  
Policy Changes ◽  
The Past ◽  
The Poor ◽  
State Enterprises ◽  
Latin American And Caribbean

Mainstream economists blame the poor 1980s economic performance of most Latin American and Caribbean (LAC) countries on the poor economic policies followed by the region for the past several decades and recommend drastic policy changes including (a) elimination of many subsidies, (b) lowering tariffs and other obstacles to international trade, (c) privatization of many state enterprises, (d) liberalization of capital markets and interest rates, and so on — a policy package designed to lower greatly the government's intervention in the economy. This policy advice has been inspired, at least in part, by the generally accepted failure of the LAC governments to promote stable and fair growth through intervention.However, in spite of pressures by multilateral and bilateral agencies, most governments find it very difficult to implement these policies, even when policymakers and their advisers fully understand the logic behind the policy recommendations and agree with them.

scholarly journals GÉNERO, INVESTIGAÇÃO E ENSINO SUPERIOR

2021 ◽  
Vol 14 ◽  
pp. 1-7
Author(s):  
Liliana Ibeth Castañeda-Rentería ◽  
Emília Rodrigues Araújo ◽  
Victor F. A. Barros
Keyword(s):  
Latin American ◽  
Social Life ◽  
Gender Inequalities ◽  
Policy Recommendations ◽  
Specific Intervention ◽  
Global Level ◽  
Intervention Measures ◽  
Social Settings ◽  
Empirical Demonstration ◽  
Latin American Countries

Matters related to time, academia and science are increasingly on the agenda. The current moment of pandemic crisis demonstrates the relevance and attention that needs to be paid to gender inequalities that present themselves in several dimensions of social life and that affect people's social trajectories. The preparation of this issue of BRAJETS journal was motivated by this attempt to give voice to studies carried out on the theme of gender and academia, which, along with the empirical demonstration, present ideas and policy recommendations that promote reflexivity on gender inequalities and alert for some specific intervention measures in the context of higher education and research institutions worldwide. The texts reunited in this issue have elucidate more concretely what is the reality in different political and social settings, including European and Latin American countries and allowing comparisons at an international and, somehow, global level.

Trade Liberalization and Growth: Recent Experiences in Latin America

1995 ◽  
Vol 37 (3) ◽  
pp. 9-58 ◽  
Author(s):  
Manuel R. Agosin ◽  
Ricardo Ffrench-Davis
Keyword(s):  
Latin America ◽  
Trade Policy ◽  
Trade Liberalization ◽  
Latin American ◽  
Policy Recommendations ◽  
The World ◽  
Latin American Countries

In recent years, many Latin American countries (LACs) have embarked upon trade liberalization drives. This article reviews the radical changes in trade policy which this has entailed, together with the current and foreseeable results, and offers some policy recommendations regarding complementary measures.The first sustained experience with trade liberalization in recent decades was in Chile, which launched a process in the 1970s that, by the end of that decade, had made its economy one of the most open in the world.

National Competitiveness in Comparative Perspective: Evidence from Latin America

2011 ◽  
Vol 53 (3) ◽  
pp. 141-159 ◽  
Author(s):  
Stephen Weymouth ◽  
Richard Feinberg
Keyword(s):  
Human Capital ◽  
Latin America ◽  
International Trade ◽  
Public Sector ◽  
Private Sector ◽  
Latin American ◽  
Economic Policies ◽  
National Competitiveness ◽  
Institutional Choices ◽  
Latin American Countries

AbstractThe term competitiveness is widely applied as a catch-all for investor-friendly policies and institutions. This article argues that sloppy applications of the term ignore the possibilities of policy tradeoffs and varieties of institutional choices. Popular conceptualizations of the term describe three discernible clusters of economic policies and institutions. One cluster captures openness to international trade; a second gauges regulatory impediments to private sector competition; a third refers to public sector investments in human capital, security, and infrastructure. This essay develops three empirical indexes to operationalize these clusters and shows that these concepts are not only theoretically but also empirically distinct. In particular, the correlation between these measures is not especially high in a sample of Latin American countries. The larger economies in the region tend to be more competitive on the regulatory and public goods dimensions but fall well behind smaller economies in terms of external competitiveness, broadly conceived.

The economic policy of the Latin American countries during the emergence of the multipolar world

2020 ◽  
Vol 8 (8) ◽  
pp. 1581-1596
Author(s):  
A.M. Chernysheva
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Latin American ◽  
Global Economy ◽  
Systems Approach ◽  
World Order ◽  
Economic Security ◽  
Economic Policies ◽  
The Usa ◽  
Latin American Countries

Subject. As the global economy currently evolves during the emergence of the multipolar world, emerging countries strive to diversify their foreign trade and gradually escape the strict impact of the leading economies. In the multipolar world countries need their economic policies to ensure the national economic security. Objectives. I examine the foreign trade in some countries of Latin America and economic alliances there. I also evaluate trends in the development of export and import indicators of Brazil, trace the trajectory of their further development by country. Methods. In this study, I analyze documents in public domain, including statistical data on exports and imports of Brazil with reference to the USA, China, Russia, Germany, France, Argentina, Uruguay and Paraguay. The study is based on the systems approach, comparative and statistical methods of data research. Results. Nowadays, in the current economic situation worldwide the multipolar order gains momentum. Foreign trade is being actively diversified by those countries that fall into geopolitical pursuits of leading economies. Conclusions and Relevance. Diversifying the foreign trade and adhering to the multi-faceted economic policy, countries will ensure their economic security notwithstanding the multipolar world order. Currently, the Latin American countries take much effort to diversify their foreign trade, though they are strongly influenced by the USA as an area of their geopolitical ambitions. I should mention a growing importance of China in areas of someone else's geopolitical interest.

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