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Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
(Centro de Investigación y Docencia Económicas, 2017-02-09)
Using SIPRI’s new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus ...
Interest rate pass-through in the Dominican Republic
(Centro de Investigación y Docencia Económicas, 2017-04-05)
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary ...
Changes in rural poverty in Perú 2004–2012
(Centro de Investigación y Docencia Económicas, 2017-01-30)
This paper disaggregates the various sources of rural income growth in Peru between 2004 and 2012 and shows that about 80% of the increase came from rising earnings and only 15% from transfer programs. This increase in ...
Machinery production networks in Latin America: a quantity and quality analysis
(Centro de Investigación y Docencia Económicas, 2017-11-13)
This paper investigates the effects that the increase in the importation of machinery parts and components and the changes in the supplier composition had in the trade of final products and parts and components inside Latin ...
Purchasing power parity in Mexico since 1933
(Centro de Investigación y Docencia Económicas, 2017-06-02)
A new approach to cointegration developed by Enders et al. (Cointegration tests using instrumental variables with an example of the U.K. demand for money. Unpublished working paper. http://wenders.people.ua.edu/time-seri ...
Determinants of social spending in Latin America during and after the Washington consensus: a dynamic panel error-correction model analysis
(Centro de Investigación y Docencia Económicas, 2017-11-17)
This paper examines the determinants of social spending in Latin America during the period 1990 2012 and how they differed between the years of the Washington Consensus (1990–2000) and the period that followed (2001–2012). ...
A theory of sequential group reciprocity
(Centro de Investigación y Docencia Económicas, 2017-08-22)
Games that appear to be independent, involving none of the same players, may be related by emotions of reciprocity between the members of the same groups. In the real world, individuals are members of groups and want to ...
The rise and fall of income inequality in Chile
(Centro de Investigación y Docencia Económicas, 2017-02-13)
This paper presents evidence on a rise and fall in income inequality in Chile during the past two decades. We show that income inequality rises from 1990 to 2000 and then falls from 2000 to 2011. We perform simple but ...
A dynamic factor model for the Mexican economy: are common trends useful when predicting economic activity?
(Centro de Investigación y Docencia Económicas, 2017-09-15)
In this paper we propose to use the common trends of the Mexican economy in order to predict economic activity one and two steps ahead. We exploit the cointegration properties of the macroeconomic time series, such that, ...
The impact of pharmaceutical innovation on cancer mortality in Mexico, 2003–2013
(Centro de Investigación y Docencia Económicas, 2017-10-17)
I assess the impact that pharmaceutical innovation had on cancer mortality in Mexico during the period 2003–2013, by investigating whether there were larger declines in the age-standardized mortality rate of cancer sites ...