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on Central and South America |
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Issue of 2017‒05‒21
three papers chosen by |
| By: | Richard S.Grossman (Department of Economics, Wesleyan University) |
| Abstract: | This paper presents monthly capital gain, dividend yield, and total return indices, and measures of total capitalization for common equity of Latin American and Caribbean-based firms quoted on the London Stock Exchange during 1869-1929. In addition to an overall Latin American index, I present and analyze sub-indices for countries (e.g., Argentina, Brazil, Chile) and industrial sectors (e.g., banks, mines, railways) with extensive UK listings. I compare the Latin American and Argentinian indices with data from Argentina’s Bolsa index during 1900-1929. I also use the indices to compare equity market fluctuations across Latin American sectors and countries during the Baring crisis of 1890. |
| Date: | 2017–05 |
| URL: | http://d.repec.org/n?u=RePEc:wes:weswpa:2017-003&r=lam |
| By: | Fernandez Sierra, Manuel (University of Oxford); Messina, Julián (Inter-American Development Bank) |
| Abstract: | Earnings inequality declined rapidly in Argentina, Brazil and Chile during the 2000s. A reduction in the experience premium is a fundamental driver of declines in upper-tail (90/50) inequality, while a decline in the education premium is the primary determinant of the evolution of lower-tail (50/10) inequality. Relative labor supply is important for explaining changes in the skill premiums. Relative demand trends favored high-skilled workers during the 1990s, shifting in favor of low-skilled workers during the 2000s. Changes in the minimum wage, and more importantly, commodity-led terms of trade improvements are key factors behind these relative skill demand trends. |
| Keywords: | earnings inequality, unconditional quantile regressions, supply-demand framework, human capital |
| JEL: | E24 J20 J31 |
| Date: | 2017–04 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp10718&r=lam |
| By: | Vásquez Lavín, Felipe; Ponce Oliva, Roberto; Hernández, José Ignacio |
| Abstract: | El objetivo de este estudio, realizado por la CEPAL a solicitud del gobierno de Honduras, en el marco del Programa EUROCLIMA, es revisar la literatura teórica y empírica sobre cambio climático, la importancia de la demanda de energía del transporte y sus relaciones con las actividades económicas, el medio ambiente y el cambio climático a nivel internacional y en Honduras. |
| Keywords: | TRANSPORTE, RECURSOS ENERGETICOS, OFERTA Y DEMANDA, CAMBIO CLIMATICO, POLITICA AMBIENTAL, TRANSPORT, ENERGY RESOURCES, SUPPLY AND DEMAND, CLIMATE CHANGE, ENVIRONMENTAL POLICY |
| Date: | 2017–04 |
| URL: | http://d.repec.org/n?u=RePEc:ecr:col022:41389&r=lam |