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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 ...
Stochastic frontiers and technical efficiency of local public expenditure in Mexico
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
This work analyses the effect of the institutional design of the public spending on the technical efficiency. The model controls the technical efficiency with two institutional variables for earmarked and autonomous revenues ...
Informal or formal regulation: what works for toxics emitting industries in Mexico?
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
In this paper, we study whether formal regulatory pressure as opposed to informal community pressure are predominant factors in determining environmental compliance. Our sample of 2 889 major toxics releasing industries ...
The technology gradient in the market economy
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
Technological creation and mass production are usually associated with large-scale production, while technological absorption is found more often in small-scale competitive firms. Thus, the link between the innovative and ...
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 ...
Complejidad, competitividad e innovación en los estados mexicanos: la urgencia de una política industrial integral y diferenciada
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
En este trabajo se buscó demostrar que la competitividad de empresas, sectores, estados y países en el largo plazo, guardan estrecha relación con las buenas prácticas de innovación en el presente y con el desarrollo que ...
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). ...