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- Volume 2023, Issue 139, 2023
CEPAL Review - Volume 2023, Issue 139, 2023
Volume 2023, Issue 139, 2023
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 reforms and transfer of technology. Written in English and Spanish (Revista De La Cepal), each tri-annual issue brings you approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
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Instability constraints and development traps: an empirical analysis of growth cycles and economic volatility in Latin America
更多 更少作者: Danilo SpinolaLatin America and the Caribbean is a region characterized by a repetitive pattern of volatility that thwarts its development process. This article conducts an empirical investigation into its volatility, comparing it with other regions. First, an asymmetrical band-pass filter is used to decompose GDP growth time series into cycles of different types for 136 countries, employing data from the Maddison Project Database for 19502 Read More
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The role of services in economic development and the core-periphery relationship
更多 更少The literature on productive structure and economic growth shows the relevance of industry in expanding gross domestic product (GDP) in developed and developing countries. Recent studies suggest that the modern services sector (professional services) contributes to innovation, increased productivity, and, consequently, economic growth. This paper presents a theoretical discussion on the importance of the mod Read More
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Analysis of Central American trade integration from the perspective of intraregional value added
更多 更少作者: Roberto Orozco and Ramón Padilla PérezThe aim of this article is to study trade integration in Central America from a value added perspective, using the first regional input-output table, a tool developed by the Economic Commission for Latin America and the Caribbean (ECLAC) in close cooperation with the central banks and statistical institutes of the region. The strategy of open regionalism employed by the countries of Central America has resulted in signific Read More
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Energy security in Central America: a proposal for a comprehensive estimate
更多 更少This paper presents a set of indicators for the evaluation of energy security in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. A study of the energy problems of each country established indicators suitable for producing an energy security index (ESI). These indicators were submitted to experts for validation, with the help of energy sector specialists from the Central American countries. The Read More
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The COVID-19 pandemic and social policy narratives in Costa Rica: the story of a (fleeting) opportunity
更多 更少Did the coronavirus disease (COVID-19) pandemic embolden ideas favourable to inclusive social policy in Latin America? This article addresses that question by examining the emergency cash transfer programme that was implemented in Costa Rica in 2020. Drawing on legislative debates and interviews with senior officials and analysts, the study reveals the fleeting emergence of ideas in favour of expanding non-contributory s Read More
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Productive development policy for Chile: an alternative to stagnation
更多 更少作者: Manuel AgosinSince 1998, Chile has been experiencing a significant slowdown in its economic growth. The Chilean economy’s recent poor performance is attributable to a halt in productive and export diversification around the beginning of the twenty-first century. State interventions have been horizontal, eschewing those to support specific industries. Intermediate interventions have focused on promoting activities (such as new Read More
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Pass-through of exchange rate shocks in Brazil as a small open economy
更多 更少An econometric model is used to analyse pass-through from the exchange rate to inflation, considering the monetary policy instrument variable, the target variable, the level of economic activity, the level of credit and the exchange rate. This system is exogenously affected by commodity prices, the level of external sector activity and the uncertainty perceived by international investors. Using vector error correction model Read More
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Health system privatization, the pandemic and deprivatization under discussion
更多 更少This article analyses the privatization processes that have been implemented in the health systems of Argentina, Brazil, Chile and Colombia. It describes and characterizes the participation of the public and private components of each of these systems, and analyses the politics of the public policies involved in these privatization processes. The results reveal the presence of multiple public-private relationships that adopted dif Read More
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Economic complexity and employment in Brazilian states
更多 更少This paper has three objectives: (i) to identify promising sectors worth encouraging with a view to fostering the development of the Brazilian states; (ii) to evaluate the impact of economic complexity on the volume of employment; and (iii) to simulate how many new jobs would be created if each state were to become competitive in the activities considered promising for it. The results obtained vindicate the approach of the Econo Read More
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Demographic aspects and regional income convergence in Brazil: a panel data approach
更多 更少The framework of condition convergence forms the theoretical basis for different dynamic panel data approaches, but depending on the specifications, the method and the time period, results can vary significantly. This article presents empirical results of applying different panel data approaches to study the impact of demographic factors on regional growth of the 27 states of Brazil over 20002014. The results sugge Read More
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