nep-lam New Economics Papers
on Central and South America
Issue of 2025–11–03
three papers chosen by
Maximo Rossi, Universidad de la RepÃúºblica


  1. Income inequality and the role of the state in Latin America: an overview By Richard Blundell; Mariano Bosch; Nora Lustig; Marcela Melendez
  2. Remote Investing in Latin America, 1869-1929 By Gareth Campbell; Áine Gallagher; Richard S.Grossman
  3. High school graduation and postsecondary enrolment of Black, Latin American and other population groups: What explains the differences? By Aneta Bonikowska; Tomasz Handler; Marc Frenette

  1. By: Richard Blundell (Institute for Fiscal Studies); Mariano Bosch (Inter-American Development Bank); Nora Lustig (Tulane University); Marcela Melendez (World Bank)
    Date: 2025–10–22
    URL: https://d.repec.org/n?u=RePEc:ifs:ifsewp:25/49
  2. By: Gareth Campbell (Queen’s University Belfast); Áine Gallagher (Queen’s University Belfast); Richard S.Grossman (Department of Economics, Wesleyan University)
    Abstract: Substantial amounts of British capital flowed to Latin America during the first era of globalisation. Companies financed by this capital were typically headquartered in the UK, but operated thousands of miles away. This paper asks how this geographic separation between governance and business activities affected the valuation of these firms. We find that the location of the headquarters played a more important role than the location of operations. Stock prices tended to fluctuate in line with other equities based in the UK, suggesting that they were still regarded as being, at least partially, British companies.
    Keywords: Latin America, equity markets, portfolio investing, emerging markets
    JEL: F21 F54 F65 G11 G12 G15 G51 N16 N26
    Date: 2025–10
    URL: https://d.repec.org/n?u=RePEc:wes:weswpa:2025-010
  3. By: Aneta Bonikowska; Tomasz Handler; Marc Frenette
    Abstract: Given the large differences in educational attainment observed across non-Indigenous population groups in Canada, understanding when these differences emerge and what may explain them is an important first step in informing policy discussions on the issue. Using the British Columbia kindergarten to Grade 12 dataset, the Postsecondary Student Information System, the 2016 Census of Population, and the T1 Family File tax data, this study follows several cohorts of Grade 9 students in British Columbia over time to explore differences between population groups, by gender, in the probability and timing of high school graduation and enrolment in academic postsecondary programs. The analysis assesses the extent to which differences in high school course marks (Grade 10 English, science and math) and other factors, such as adjusted parental income and immigrant status, account for differences in these outcomes between population groups. On-time high school graduation rates varied by upwards of 10 percentage points across population groups for each gender, with lower rates registered by Latin American, Black and West Asian students, and higher rates by Japanese, Korean, Chinese and South Asian students. In all population groups, girls were more likely than boys to graduate high school on time. Given an extra year, the graduation rate increased among all groups, most notably among Black boys. For boys and girls, enrolment rates in postsecondary programs were lowest among Latin American, Black and White students, and highest among Chinese, Korean and South Asian students. Differences in Grade 10 course marks explained a substantial share of the gaps in education outcomes between many of the population groups and White students. By contrast, adjusted parental income differences explained smaller shares of the gaps than differences in course marks did, in most cases. Comparing the standardized test scores for literacy of Latin American and Black students with those of White students in grades 4 and 7, and provincial exam marks in Grade 10 English, showed that skill gaps implied by the lower (relative to White students) course marks obtained by Latin American and Black students in Grade 10 may have existed at least as early as Grade 4. Parental income may have exerted an indirect effect on educational outcomes through its influence on academic performance (though this study cannot shed light on this).
    Keywords: high school graduation, postsecondary enrolment, course marks, test scores, population group
    JEL: J23 M21
    Date: 2024–02–28
    URL: https://d.repec.org/n?u=RePEc:stc:stcp8e:202400200003e

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