CEPAL Review

English
Frequency
3 times a year
ISSN: 
1684-0348 (online)
DOI: 
10.18356/bf11809a-en
Hide / Show Abstract
Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
Also available in Spanish
 

Latest Articles Hide / Show all Abstracts

Mark Number Date Article Volume and Issue Click to Access
  23 Sep 2016 Community, connectivity and the regional movement in Patagonia: The evolution of social capital in the Aysén Region of Chile
John W. Durston, José Manuel Gaete, Miguel Pérez
Small rural communities in the Aysén Region of Chile evince a variety of forms and types of social capital. The predominant form of social capital has evolved in accordance with changes in the national context and the gradual integration through communications. Having been an example of community cooperation, rural communities were faced with the challenge of relating to more powerful social actors on the broader stage of the region’s civil society. This change often resulted in autonomy declining and community factions being caught up in chains of clientelism. In 2012, however, the “Your problem is my problem” movement emerged to address the marginalization perceived in the region’s asymmetrical relations with central government. The mass civil disobedience this involved was grounded in three types of social capital and marked the emergence of a citizenship that spanned the region, thus meeting one of the conditions for fully democratic decentralization.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/cdcf3b02-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/community-connectivity-and-the-regional-movement-in-patagonia-the-evolution-of-social-capital-in-the-aysen-region-of-chile_cdcf3b02-en
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  23 Sep 2016 Agricultural productivity: Closing the gap between Brazil and the United States
José Eustáquio Ribeiro Vieira Filho, Armando Fornazier
Since the 1970s, Brazilian agriculture has undergone far-reaching changes and has played a major role in agricultural production worldwide. This article assesses the structural heterogeneity prevailing in Brazilian and United States agriculture by studying total factor productivity (TFP), which has increased in both economies, mainly through technologies allowing for economies in the use of land and labour. Although higher growth rates have enabled Brazil to narrow the productivity gap with the United States, this does not mean its productivity is superior. Each country’s production structure has specific features; and productivity differences can be seen not only between but also within countries, owing to a variety of factors, including climate, technology and learning in the production process. Resource use has become more efficient in both countries, enabling them to produce more with fewer inputs.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/51be7f21-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/agricultural-productivity-closing-the-gap-between-brazil-and-the-united-states_51be7f21-en
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  23 Sep 2016 Beyond capital controls: Regulation of foreign currency derivatives markets in the Republic of Korea and Brazil after the global financial crisis
Daniela Magalhães Prates, Barbara Fritz
Within the management of capital flows, some emerging economies have been facing economic policy dilemmas after the global financial crisis, related to financial instrument operations, in a context of abundant liquidity in the advanced economies. However, neither the academic literature nor the financial institutions have paid sufficient attention to foreign currency (FX) derivatives regulation in emerging economies. This paper analyses the measures adopted by Brazil and the Republic of Korea. We find, first, that the breadth of regulation concerning FX derivatives operations depends on the actors involved and the type of contract used. Second, effective domestic institutions are needed to formulate and implement regulations. Third, countries should not limit their policy space through multilateral or bilateral agreements, and leave space for domestic financial regulation.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/283d3f7c-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/beyond-capital-controls-regulation-of-foreign-currency-derivatives-markets-in-the-republic-of-korea-and-brazil-after-the-global-financial-crisis_283d3f7c-en
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  23 Sep 2016 The business cycle and coper mining in Chile
Fernando Fuentes H., Carlos J. García
This article “endogenizes” the copper supply, incorporating demand for mining-sector inputs represented by other goods in the economy (specifically, intermediate goods) and also energy into a dynamic stochastic general equilibrium (DSGE) model for a sample of the 2003-2013 period. The model estimation reveals that a rise of 1% in the copper price leads to a 0.16% increase in gross domestic product (GDP) over five years. The main contribution of the study is to show that, if the mining sector is treated as integrated into the rest of the economy rather than being assumed to be an enclave, as it usually is, the effects of the copper price on the Chilean economy at least double.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/cf14a9e1-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/the-business-cycle-and-coper-mining-in-chile_cf14a9e1-en
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  23 Sep 2016 Intersectoral flows of technological knowledge in emerging countries: An input-output analysis
Eduardo Gonçalves, Amir Borges Ferreira Neto
In this paper, we aim to assess the production, use and diffusion of technology in the production structure in emerging countries, such as Brazil, China, the Russian Federation and South Africa, through the analysis of: (i) users and producers of technology; (ii) research and development (R&D) content in each group of sectors, and (iii) technical knowledge flows between these groups. We use input-output matrices combined with sectoral R&D statistics to achieve our objectives. Our major findings point to significant differences among the emerging countries and also between developing and developed countries, including differences in sectoral hierarchy in terms of production and use of technological knowledge, and differences in the direction of main technological flows among sectors.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/db371779-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/intersectoral-flows-of-technological-knowledge-in-emerging-countries-an-input-output-analysis_db371779-en
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  23 Sep 2016 A multidimensional time use and well-being index: A proposal for Colombia, Ecuador, Mexico and Uruguay
Evelyn Benvin, Elizabeth Rivera, Varinia Tromben
This article aims to develop a multidimensional index by integrating time use and well-being dimensions and proposes a conceptual framework based on the assets and the human capabilities approaches. The components of the index identify deprivations, which are understood to be barriers to the development of human capabilities and social justice. The optimum objective is to look beyond monetary metrics when identifying indicators that can better explain how the population, rather than the economy, is progressing and being guided by the principles of distributive justice. This study implements the Alkire-Foster identification and aggregation method (2007 and 2013) and shows the results for four Latin American countries (Colombia, Ecuador, Mexico and Uruguay), using time-use surveys and distinguishing by household type.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/94fd7d0b-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/a-multidimensional-time-use-and-well-being-index-a-proposal-for-colombia-ecuador-mexico-and-uruguay_94fd7d0b-en
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  23 Sep 2016 South-South trade and South-North trade: Which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand
Thomas Bernhardt
The experience of the global economic crisis led developing countries to intensify the diversification of sources of growth, seeking alternative models of economic development. The expansion of South-South trade assumed greater significance in the context of this search. Yet how promising a strategy is this? In attempting to answer this question, this paper documents the evolution of South-South trade and puts forward some theoretical considerations. It then undertakes an econometric analysis to estimate the income elasticities of import demand in bilateral trade relationships among developing Asian and South American countries and two key Northern markets. On applying an ARDL model, the analysis yields mixed results in terms of whether South-South trade presents higher income elasticities than South-North trade. Still, the findings show that South-South trade can be an alternative source of growth, especially if South-North income and import growth differentials persist.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/056e0f80-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/south-south-trade-and-south-north-trade-which-contributes-more-to-development-in-asia-and-south-america-insights-from-estimating-income-elasticities-of-import-demand_056e0f80-en
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  23 Sep 2016 Does the contribution made by early eduction to later academic achievement differ in Latin America?: PISA 2009-2012
Luis Fernando Gamboa, Natalia Krüger
This article provides evidence regarding differences in the performance on academic tests in secondary school between students who had attended preschool and those who had not. A non-parametric method based on the generation of counterfactuals to decompose gaps between observable and unobservable factors is used to analyse data gathered by the Programme for International Student Assessment (PISA) between 2009 and 2012 for a number of Latin American countries. This analysis reveals the existence of socioeconomic segregation in terms of access; considerable score differentials (conditional on the controls used), which increase in line with the length of time spent in early childhood education; and significant differences across countries with regard to those differentials, which also tend to be greater in the case of reading test scores than in mathematics test scores.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/1e244e84-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/does-the-contribution-made-by-early-eduction-to-later-academic-achievement-differ-in-latin-america-pisa-2009-2012_1e244e84-en
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  23 Sep 2016 The use of key indicators to assess Latin America's long-term economic performance
Stefanie Garry, Francisco G. Villarreal
Official statistics and key indicators are essential for observing countries’ economic and social progress, determining the structural drivers of their growth and shaping priorities. Using the methodology of Khramov and Lee (2013), key indicators from the System of National Accounts (SNA), as well as balance of payments, monetary and financial, and public finance statistics, it is proposed to use a composite indicator to assess Latin America’s economic performance. An examination of long-term trends finds that this index generally captures the major economic shocks and periods of robust performance during the period 1990-2013. It construction enables the measurement of specific indicators that determine overall economic behaviour. While the usefulness of the index for analysing macroeconomic dynamics is high in comparison with alternative benchmark values, caution should be exercised when selecting a time frame for estimating the relative weights of each component.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/defa28c1-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/the-use-of-key-indicators-to-assess-latin-america-s-long-term-economic-performance_defa28c1-en
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  23 Sep 2016 Foreign direct investment and income inequality in Latin America: A sectoral analysis
Macarena Suanes
This paper analyses the relationship between foreign direct investment (FDI) and income inequality in Latin America. In particular, it estimates the effect of FDI from a sectoral perspective, identifying three major sectors: the primary sector, manufacturing industry and services. Using a data panel for 13 economies in the 1980-2009 period, empirical evidence was found for a positive effect of FDI on income inequality in the service and manufacturing sectors.
Volume 2016 Issue 118
Click to Access: 
    http://oecd.metastore.ingenta.com/content/13c68e36-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/foreign-direct-investment-and-income-inequality-in-latin-america-a-sectoral-analysis_13c68e36-en
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