nep-lam New Economics Papers
on Central and South America
Issue of 2014‒10‒17
nine papers chosen by
  1. Does Foreign Direct Investment Promote Growth? Recent Evidence from Latin America By BENGOA Marta; SANCHEZ-ROBLES Blanca
  2. Globalization and Poverty Changes in Colombia By BUSSOLO Maurizio; LAY Jann
  3. The effects of intraday foreign exchange market operations in Latin America: results for Chile, Colombia, Mexico and Peru By Miguel Fuentes; Pablo Pincheira; Juan Manuel Julio; Hernán Rincón; Santiago García-Verdú; Miguel Zerecero; Marco Vega; Erick Lahura; Ramon Moreno
  4. Output Growth and Commodity Prices in Latin America: What Has Changed? By Fossati, Sebastian
  5. The Effects of the Doha Round Non-Agricultural Market Access Negotiations in Brazil By Sergio Goldbaum; Allexandro Mori Coelho; Samir Cury
  6. An Agent Based Model for Urban Structure: the case of Belo Horizonte - Brazil By Ricardo Ruiz; Bernardo Alves Furtado
  7. Non-spatial Government Policies and Regional Income Inequality in Brazil By Carlos AZZONI; Raul SILVEIRA-NETO
  8. Analyzing the Impact of Adjustment Policies on the Poor: An IMMPA Framework for Brazil By AGENOR Pierre-Richard; FERNANDES Reynaldo; HADDAD Eduardo; VAN DER MENSBRUGGHE Dominique
  9. Unions and Economic Inefficiency in Brazil: A CGE Approach By Ignacio Tavares ARAUJO JUNIOR; Nayana RUTH FIGUEREDO
  1. By: BENGOA Marta; SANCHEZ-ROBLES Blanca
    URL: http://d.repec.org/n?u=RePEc:ekd:003307:330700013&r=lam
  2. By: BUSSOLO Maurizio; LAY Jann
    URL: http://d.repec.org/n?u=RePEc:ekd:003307:330700029&r=lam
  3. By: Miguel Fuentes; Pablo Pincheira; Juan Manuel Julio; Hernán Rincón; Santiago García-Verdú; Miguel Zerecero; Marco Vega; Erick Lahura; Ramon Moreno
    Abstract: This paper analyses the effects of sterilised, intraday foreign exchange market operations (non-discretionary and discretionary) on foreign exchange returns and volatility in four inflation targeting economies in Latin America. The distribution of exchange rates during intervention and non-intervention days are first compared, and then event study regressions are used to estimate the impact of intervention (and macro surprises) on exchange rate returns and exchange rate volatility as well as on foreign exchange market turnover (in Colombia). In general, the results suggest that the impact of both non-discretionary and discretionary operations is at times significant but transitory. However, an analysis of Chile's experience suggests that the announcement effects of even non-discretionary programmes may be significant and persistent.
    Keywords: Exchange rate, central bank intervention, microstructure
    Date: 2014–09
    URL: http://d.repec.org/n?u=RePEc:bis:biswps:462&r=lam
  4. By: Fossati, Sebastian (University of Alberta, Department of Economics)
    Abstract: This paper documents important changes in real GDP growth of six large Latin American countries. The main results can be summarized as follows. First, there is evidence of a structural break in real GDP towards stronger mean growth and a substantial reduction in volatility. Second, the timing of the breaks suggests that the important changes in economic policies of the 1980s and 1990s have been effective in permanently improving economic growth in the region. Third, there is evidence of a positive and linear relationship between real GDP growth and the growth rate of commodity prices. As a result, the sustained increase in commodity prices observed in recent years explains an important share of growth in the region since 2003.
    Keywords: Latin America; business cycle; structural break; commodity prices
    JEL: E32
    Date: 2014–09–01
    URL: http://d.repec.org/n?u=RePEc:ris:albaec:2014_011&r=lam
  5. By: Sergio Goldbaum; Allexandro Mori Coelho; Samir Cury
    URL: http://d.repec.org/n?u=RePEc:ekd:000239:23900029&r=lam
  6. By: Ricardo Ruiz; Bernardo Alves Furtado
    URL: http://d.repec.org/n?u=RePEc:ekd:000239:23900079&r=lam
  7. By: Carlos AZZONI; Raul SILVEIRA-NETO
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800008&r=lam
  8. By: AGENOR Pierre-Richard; FERNANDES Reynaldo; HADDAD Eduardo; VAN DER MENSBRUGGHE Dominique
    URL: http://d.repec.org/n?u=RePEc:ekd:003307:330700002&r=lam
  9. By: Ignacio Tavares ARAUJO JUNIOR; Nayana RUTH FIGUEREDO
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800005&r=lam
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