Economic growth in Latin America: the role of investment and other growth sources

Includes bibliography

Economic and legal status of foreign investments in selected countries of Latin America (prepared by the Secretariat) = Situación jurídica y económica de las inversiones extranjeras en países seleccionados de la América Latina (Informe preparado por la Secretaría)

Incluye Bibliografía

Economic and legal status of foreign investments in selected countries of Latin America: foreign investments in Paraguay

Incluye Bibliografía

The contribution of biofuels to the sustainability of development in Latin America and the Caribbean

Includes bibliography

In search of work. International migration of women in Latin America and the Caribbean. Selected bibliography

Includes bibliography

Investing better in order to invest more. Finance and management of education in Latin America and the Caribbean

Includes bibliography

A comparative analysis of productivity in Brazilian and Mexican manufacturing industries

This article analyses productivity trends in Brazilian and Mexican manufacturing industries between 1995 and 2009, a period in which international competition intensified sharply. A total of 14 manufacturing industries are considered, using two methods based on: (i) the Leontief (1951) model to measure the consumption of intermediate goods used in production; and (ii) the analysis of total factor productivity (TFP). The studies performed show that manufacturing trends have diverged in the two countries. In Mexico, an increased need for imported goods and services was offset by a reduction in domestic goods and service requirements, and an increase in the TFP of production. In the case of Brazil, the fact that manufactured goods markets are more isolated from foreign trade seems to have contributed to a weak productivity performance.

Exchange-rate variations and the rate of inflation in emerging economies

This paper develops a structural general equilibrium model to analyse the reactions of the nominal exchange rate and the domestic price level to three types of external shock in emerging economies that have limited access to world capital markets. Although the results depend crucially on the type of external shock, each of the two national balance-sheet parameters considered here —the risk premium and the ratio of external indebtedness— exacerbates the reactions of the two endogenous variables without altering the degree of exchange-rate pass-through (erpt). Moreover, flatter Phillips curves, as observed today in many economies, tend to increase erpt. On the basis of these results, the authorities of emerging economies seeking to stabilize markets and limit erpt are advised to minimize the two risk parameters by applying a flexible inflation-targeting regime.