The Role Of Structural Reforms In Raising Economic Growth In Central America

Author : Mr.Andrew Swiston
Publisher : International Monetary Fund
ISBN 13 : 1463923279
Total Pages : 22 pages
Book Rating : 4.73/5 ( download)

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Download or read book The Role of Structural Reforms in Raising Economic Growth in Central America written by Mr.Andrew Swiston and published by International Monetary Fund. This book was released on 2011-10-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts imply that these trends will continue. What can be done to spur higher growth in Central America? We bring new data to bear on this question-version 7.0 of the Penn World Table and a new IMF database on structural reforms. Our cross-country panel regression of economic growth using System GMM captures the importance to growth of conditional convergence, factor accumulation, and macro policies. In addition, structural efficiency is a significant factor in explaining growth performance. We construct a broad index of efficiency and find that increasing the degree of structural efficiency by one standard deviation raises growth by 1⁄2 percent. This implies that Central American countries could significantly increase their long-run growth rates by increasing the flexibility of markets and improving the quality of regulation.

Author : Felipe Larraín B.
Publisher : Harvard Kennedy School
ISBN 13 :
Total Pages : 428 pages
Book Rating : 4.70/5 ( download)

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Download or read book Economic Development in Central America: Structural reform written by Felipe Larraín B. and published by Harvard Kennedy School. This book was released on 2001 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development. This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.

Author : Mario Cimoli
Publisher : Santiago, Chile : United Nations, Economic Commission for Latin America and the Caribbean, Division of Production, Productivity and Management
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.64/5 ( download)

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Download or read book Structural Reforms, Technological Gaps and Economic Development written by Mario Cimoli and published by Santiago, Chile : United Nations, Economic Commission for Latin America and the Caribbean, Division of Production, Productivity and Management. This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication develops a simple appreciative model, which explores some of the issues faced by structural reforms, technological gaps and economic development in Latin America. The first section introduces the issues and provides an overview of the publication. Section two introduces a brief view as to how the evolutionary approach should be adapted to analyze the impact of recent structural reforms upon the specialization pattern and technological capabilities accumulated in so called developing economies. Section three provides a simple macro-to-micro model of the stabilization cum structural reform process. Sections four and five are devoted to investigating recent changes in the pattern of production specialization of the Latin American economies and the relationship such changes have with the exit and entry of firms.

Author : Jorge M. Katz
Publisher : United Nations Publications
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.82/5 ( download)

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Download or read book Structural Reforms, Productivity and Technological Change in Latin America written by Jorge M. Katz and published by United Nations Publications. This book was released on 2001 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.

Author : Hubert Escaith
Publisher : Naciones Unidas, CEPAL
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.41/5 ( download)

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Download or read book The Impact of Structural Reforms on Growth in Latin America and the Caribbean written by Hubert Escaith and published by Naciones Unidas, CEPAL. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an evaluation of the impact of trade and capital account liberalisation in 17 countries during the period 1970-1996. It shows that growth was responsive to investment in both physical and human capital and there was a link between education and capital formation. However in aggregate the reforms did not have a significant direct impact on the growth rate because individual components of reform had offsetting effects. In addition the speed of reform was important, the faster the pace the slower the growth. It seems that the impact of macroeconomic or investment variables was more homogeneous than structural reform..s.

Author : Barbara Stallings
Publisher : Rowman & Littlefield
ISBN 13 : 0815798296
Total Pages : 271 pages
Book Rating : 4.93/5 ( download)

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Download or read book Growth, Employment, and Equity written by Barbara Stallings and published by Rowman & Littlefield. This book was released on 2010-12-01 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484370317
Total Pages : 20 pages
Book Rating : 4.15/5 ( download)

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Download or read book Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-07-23 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from Paving the Way to Growth and Prosperity in Central America, Panama, and the Dominican Republic edited by Kimberly Beaton, Roberto Garcia Saltos, and Lorenzo Figliuoli. Over the past three decades, countries in Central America, Panama, and the Dominican Republic have experienced sustained economic transfor-mation. The region has moved away from its rural and agricultural past to a modern and urban present and has significantly integrated its econ-omies regionally and globally. Many factors have shaped the region’s economic performance and are expected to contribute to its future development. The book aims to foster policy dialogue and contribute to the efforts to address the region’s unique challenges. The first part looks at the region’s growth with a view to understanding how structural determinants have contributed to the region’s uneven gains and the resulting priorities to strengthen the foundations of growth. The second part of the book high-lights the importance of addressing the region’s fiscal challenges and supporting growth and improved social outcomes. Finally, the third part of the book emphasizes the importance of a supportive financial sector for growth, including through financial inclusion and development. This excerpt is taken from uncorrected page proofs. Please check quota-tions and attributions against the final published volume.

Author : Kevin Greenidge
Publisher : International Monetary Fund
ISBN 13 : 1484321812
Total Pages : 32 pages
Book Rating : 4.12/5 ( download)

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Download or read book Structural Reform and Growth written by Kevin Greenidge and published by International Monetary Fund. This book was released on 2016-04-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1980’s with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade liberalization, financial liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the impact of institutional quality on growth for a sample of small states including the Caribbean. We concluded that the benefits of structural reforms are only seen over the long-term and in reinvigorating growth the reform effort needs to be revived and include greater attention to strengthening institutional quality.

Author : Gustavo Indart
Publisher : Routledge
ISBN 13 : 1351159356
Total Pages : 331 pages
Book Rating : 4.57/5 ( download)

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Download or read book Economic Reforms, Growth and Inequality in Latin America written by Gustavo Indart and published by Routledge. This book was released on 2019-06-04 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. Growth, income distribution, and labour markets are issues of pivotal importance in the Latin American context. Examining unique theoretical issues and the empirical evidence, this book provides a critical analysis of the key elements of income distribution determinants, labour market functions, trade policies, and their interrelations. As the advance of globalization becomes seemingly unstoppable, this book provides an important reappraisal of the impact of this new phenomenon, and in particular, the pernicious impact it may have on income growth and distribution. The key objective of the volume is to integrate more fully the analysis of trade and labour market economists, in order to better understand the labour market and income distribution implications of globalization and international integration. Forty years after the early calls to appropriately investigate the micro foundations of macroeconomics, the separation of the two at the policy level is more damaging than ever before - particularly for developing regions; this volume therefore makes an important contribution at the theoretical and policy levels by bringing together macroeconomic and microeconomic analyses.

Author : William C. Smith
Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.50/5 ( download)

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Download or read book Democracy, Markets, and Structural Reform in Latin America written by William C. Smith and published by . This book was released on 1994 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses processes of democratization and economic reform in five Latin American countries from the early 1980s to 1993.