Economic Development In Central America Structural Reform

Author : Felipe Larraín B.
Publisher : Harvard Kennedy School
Page : 428 pages
File Size : 49,7 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822029837770

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Economic Development in Central America: Structural reform by Felipe Larraín B. Pdf

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 : Mr.Andrew Swiston,Mr.Luis Barrot
Publisher : International Monetary Fund
Page : 22 pages
File Size : 42,6 Mb
Release : 2011-10-01
Category : Business & Economics
ISBN : 9781463923273

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The Role of Structural Reforms in Raising Economic Growth in Central America by Mr.Andrew Swiston,Mr.Luis Barrot Pdf

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 : Mario Cimoli,Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean. Division of Production, Productivity, and Management
Publisher : Santiago, Chile : United Nations, Economic Commission for Latin America and the Caribbean, Division of Production, Productivity and Management
Page : 56 pages
File Size : 48,9 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822033511064

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Structural Reforms, Technological Gaps and Economic Development by Mario Cimoli,Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean. Division of Production, Productivity, and Management Pdf

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 : Hugo E. Beteta,Juan Carlos Moreno-Brid
Publisher : Unknown
Page : 384 pages
File Size : 40,9 Mb
Release : 2014
Category : Economic development
ISBN : WISC:89124263989

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Structural Change and Growth in Central America and the Dominican Republic by Hugo E. Beteta,Juan Carlos Moreno-Brid Pdf

Foreword -- The current global economic context: will the international financial crisis be surmounted or revisited? -- Economic growth and stabilization in Central America and the Dominican Republicin 1990-2011 -- Labour markets, inequality and poverty -- Central America and the Dominican Republic: role in the world economy and structural change -- The balance of payments and economic growth in Central America and the Dominican Republic -- Macroeconomic policy: main instruments and objectives -- Reflections on a macroeconomic policy for development -- Bibliography -- Annex

Author : Eugenio Díaz-Bonilla,Economic Development Institute (Washington, D.C.)
Publisher : World Bank Publications
Page : 46 pages
File Size : 49,8 Mb
Release : 1990
Category : Business & Economics
ISBN : STANFORD:36105006270685

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Structural Adjustment Programs and Economic Stabilization in Central America by Eugenio Díaz-Bonilla,Economic Development Institute (Washington, D.C.) Pdf

Author : William C. Smith,Carlos H. Acuña,Eduardo Gamarra
Publisher : Unknown
Page : 364 pages
File Size : 44,7 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105016202181

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Democracy, Markets, and Structural Reform in Latin America by William C. Smith,Carlos H. Acuña,Eduardo Gamarra Pdf

Analyses processes of democratization and economic reform in five Latin American countries from the early 1980s to 1993.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 141 pages
File Size : 54,6 Mb
Release : 2006-05-09
Category : Business & Economics
ISBN : 9781589064928

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Central America by International Monetary Fund Pdf

Intraregional financial activity in Central America has grown substantially in the past decade, contributing to efficiency and economic development. At the same time, the expansion of activities by regional conglomerates has increased the challenges to supervisory authorities of containing the risks of contagion. Prepared as part of the Central America Financial Sector Regional Project by an IMF and World Bank staff team, this book outlines trends in the region's financial sector integration, supervisory responses, development of the insurance sector, payment and securities settlement arrangements, and worker remittances. It addresses the many common policy challenges facing Central American countries--Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama--in financial sector reform. The book offers key policy recommendations.

Author : Felipe Larraín B.
Publisher : Unknown
Page : 412 pages
File Size : 44,8 Mb
Release : 2001
Category : Business & Economics
ISBN : STANFORD:36105110156630

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Economic Development in Central America: Growth and internationalization by Felipe Larraín B. Pdf

Author : Gary W. Wynia
Publisher : [Madison] : University of Wisconsin Press
Page : 248 pages
File Size : 44,6 Mb
Release : 1972
Category : Business & Economics
ISBN : UTEXAS:059173024114483

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Politics and Planners by Gary W. Wynia Pdf

Comparison of the obstacles to development policy implementation in Central America - discusses the instruments of economic planning, the conflict between planners and politicians, the failure to achieve public investment objectives and the impact of political systems and public administrations on the management of development projects, and covers fiscal policy, development aid, economic integration, regional cooperation, resource allocation, etc. References.

Author : Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean
Publisher : United Nations Publications
Page : 164 pages
File Size : 44,7 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822029884582

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Structural Reforms, Productivity and Technological Change in Latin America by Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean Pdf

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 : Ms.Kimberly Beaton,Mr.Roberto Garcia-Saltos,Mr.Lorenzo U Figliuoli
Publisher : International Monetary Fund
Page : 308 pages
File Size : 55,6 Mb
Release : 2019-09-13
Category : Business & Economics
ISBN : 9781484353844

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Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by Ms.Kimberly Beaton,Mr.Roberto Garcia-Saltos,Mr.Lorenzo U Figliuoli Pdf

Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).

Author : Kevin Greenidge,Mr.Meredith A. McIntyre,Hanlei Yun
Publisher : International Monetary Fund
Page : 32 pages
File Size : 50,8 Mb
Release : 2016-04-12
Category : Business & Economics
ISBN : 9781475526547

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Structural Reform and Growth by Kevin Greenidge,Mr.Meredith A. McIntyre,Hanlei Yun Pdf

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 : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 20 pages
File Size : 51,5 Mb
Release : 2018-07-23
Category : Business & Economics
ISBN : 9781484370315

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Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by International Monetary Fund. Western Hemisphere Dept. Pdf

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 : Hubert Escaith,Samuel A. Morley
Publisher : Naciones Unidas, CEPAL
Page : 52 pages
File Size : 46,6 Mb
Release : 2000
Category : Business & Economics
ISBN : UCSD:31822031379241

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The Impact of Structural Reforms on Growth in Latin America and the Caribbean by Hubert Escaith,Samuel A. Morley Pdf

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 : Luis Bértola,José Antonio Ocampo
Publisher : OUP Oxford
Page : 329 pages
File Size : 46,7 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9780191638244

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The Economic Development of Latin America since Independence by Luis Bértola,José Antonio Ocampo Pdf

Latin America is attracting increasing interest due to the strong economic performance of the last decade and to the political changes that are taking place. This book gives a unique, comprehensive, and up to date view of Latin America economic development over the two centuries since Independence. It considers Latin American economies within the wider context of the international economy, and covers economic growth, international trade, capital flows, and trends in inequality and human development. With chapters that cover different eras, it traces the major developments of Latin American countries and offers a novel and coherent interpretation of the economic history of the region. It combines a wealth of original research, new perspectives, and empirical information to provide a synthesis of the growing literature that both complements and extends previous studies.