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Copyright of Revista de Estudios Sociales is the property of Universidad de los Andes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objectives of the paper are to identify the types of State that propose the main economic approaches that were designed after the perfect competition model, and to make approximations to the size of the identified States. The analysis method is composed of two steps: selection of the key functions that are required for the implementation of economic processes, and definition of the degree of State intervention in these functions. The results indicate that the minimum States are diverse and that the planning States are different. Of the approaches that base the coordination of economic processes in the market, the ultra-minimal versions of the State are those designed by the perfect competition model and Pareto welfare economics, while the most extensive exposures are those drawn by development economics and Latin American structuralism with the welfare State and the developmental State, respectively. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo Económico is the property of Instituto de Desarrollo Economico y Social and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper studies the feedback relation between inflation and inflation uncertainty in six Latin American economies during 1960-2018. Uncertainty was calculated using conditional volatility, estimated using GJR-GARCH-M models. The main conclusions are as follows: the majority of economies conformed to the Friedman-Ball hypothesis; the Cukierman-Meltzer hypothesis was corroborated in the cases of Bolivia, Mexico, Paraguay; positive shocks were found to have a significant impact on inflation uncertainty, and, thanks to the adoption of inflation targets (ITs) by governments, there was empirical evidence that volatility decreased in those economies which implemented ITs. [ABSTRACT FROM AUTHOR]

This paper analyzes the convergence hypothesis and the impact of social policy on the economic growth of the six largest countries in Latin America between 1980 and 2010. Results suggest that social public policies have positively influenced growth in these economies. Particularly, there are non-observed variables (fixed effects) that positively affect the economic growth in Venezuela and Chile; however, there are other non-observed variables that may be negatively affecting growth in Brazil and Mexico. Regarding the convergence hypothesis, results reveal that the speed of convergence diminishes as real income rises, implying that these countries might be converging to their stable states. [ABSTRACT FROM AUTHOR]

Copyright of Desarrollo Económico is the property of Instituto de Desarrollo Economico y Social and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Prolegómenos Derechos y Valores is the property of Prolegomenos Derechos y Valores and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper critically evaluates the results in terms of economic growth and structural transformation of the new economic model implemented by most Latin American countries since the early 1990s. The new model, which had macroeconomic stability and export orientation as its core components, has been unable to develop more dynamic comparative advantages in the current global era and, as a result, has resulted in lower rates of economic growth than in Asia. The paper closes with an analysis of the impact of the current financial crisis in the region. It highlights the short-term costs, but also acknowledges the opportunities that the crisis is creating to promote a greater number of new progressive development alternatives that place more emphasis on the role of learning and innovation. [ABSTRACT FROM AUTHOR]

In the universe of literature on franchises, several studies have examined the impact of franchising on economic growth, tending to focus on growth rather than development, although the empirical research has already concluded that franchising does have an influence on economic growth. Likewise, some articles have underscored the importance and influence of franchising on development, but have failed to provide empirical proof of its true sway. With that in mind, this paper provides empirical evidence demonstrating the relationship between franchising and development. [ABSTRACT FROM AUTHOR]

This paper looks for empirical evidence to show if a very interventionist government stimulates or not private investment in Latin America. Using the same model as Caballew-Urdiales y López-Gallardo (2012), we extend their analysis from five Latin-American countries to all Latin America. The results from our estimated elasticities show evidence in support of three hypothesis: (1) that tax burden (taxes on income and consumption) has significant effects on privateinvestment; (2) that public investment has a crowding out effect with private investment; (3) and that in order to stimulate private investment, the government should have very little intervention. [ABSTRACT FROM AUTHOR]

This paper examines foreign exchange intervention practices and their effectiveness in containing currency appreciation, using a new qualitative and quantitative database for a panel of 15 economies covering 2004-2010, with special focus on Latin America. Qualitatively, it examines institutional aspects such as declared motives, instruments employed, the use of rules versus discretion, and the degree of transparency. Quantitatively, it assesses the effectiveness of sterilized interventions in influencing the exchange rate using a two-stage IV-panel data approach, which helps overcome endogeneity bias. Results suggest that interventions slow the pace of appreciation, but the effects decrease rapidly with the degree of capital account openness. At the same time, interventions are more effective in the context of already overvalued exchange rates. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Papeles de Población is the property of Universidad Autonoma del Estado de Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper analyzes the effects of the liberalization and/or exclusion of the agricultural sector in the integration processes in which are immersed the Latin American Countries from the comparison of four different ways from liberalization. The central objective consists of determining if it is necessary that this sector receives a special treatment in comparison with the rest of economic sectors, or if the complete liberalization is more/less favorable than the exclusion of the agriculture in the integration processes. We used a static CGE model, multisectorial, multicountry of short and long term that has a predominantly agricultural aggregation. Between the main results we found that although the four types of liberalization generate positive results in the Latin American economies; for Peru, Venezuela, Ecuador-Bolivia, Argentina and Uruguay the multilateral strategy that excludes the agricultural sector generates greater benefits than the net tariff liberalization. Despite if we compare the tariff liberalization versus the total liberalization (one that includes export subsidies elimination and band of prices), all the countries with exception of Peru and Venezuela register greater benefits with the total liberalization. [ABSTRACT FROM AUTHOR]

This paper analyzes implications and consequences of the social security paradigm transition to the residual paradigm in the case of Mexico. In order to carryout our work, welfare paradigm and regime concepts are used. Firstly, the economic globalization impact on welfare regimes in developed countries, OECD members, is analyzed. Afterwards, the Latin American case is examined, highlighting the main characteristics of the new regional paradigm. Finally, consequences of the paradigm change for the Mexican regime is assessed. [ABSTRACT FROM AUTHOR]

Copyright of Estudios Sociológicos is the property of El Colegio de Mexico AC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper presents an empirical evaluation of the evolution of trade relationships between Latin America and the European Union from 1992 to 2003, using the most recent data available. We focus on the volume, concentration by countries and areas, and the evolution phases, in the framework of the main intraregional agreements and the growing liberalization of these economies. We seek to determine whether the efforts made on both sides—specifically the changes in economic policies in many Latin American countries, the agreements to increase exchanges and the intensification of the political dialogue on both shores of the Atlantic—have achieved positive results. The general characteristics, their intensity, and their concentration in specific zones have been developed using a series of indicators that enable us to draw some conclusions about these transformations. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desarrollo Económico is the property of Instituto de Desarrollo Economico y Social and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of RAE: Revista de Administração de Empresas is the property of Fundacao Getulio Vargas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article discusses the benchmarking analysis of the central banking system in Latin America for the period 1990-2010. The author comments on the monetary and economic policies in Latin America and the effect they have on its relationship internationally. They examine such aspects as inflation, private sector credit, federal reserves, and variability of the exchange rate.