Economic Development (The Pearson Series in Economics)
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Latin America has been strongly affected by the international crisis and recession since late 2008. In comparison to historical experience, how has Latin America coped with the global crisis, which has been the role of different transmission mechanisms, and how have the region's structural and policy conditions affected its sensitivity to foreign shocks? Moreover, what policies can protect the region better from world crises and shocks, and to which extent should it rely on a strategy of close trade and financial integration into a world economy punctuated by shocks and crises? This paper addresses the latter questions in three steps. First, by assessing empirically the sensitivity of growth in the region's seven major economies during 1990-2009 to large number of structural and cyclical factors, based on high-frequency panel-data estimations. Second, by using the latter results to decompose the amplitude of GDP reductions in both recessions according to the individual and combined contribution of the different growth factors. Third, to derive the main implications of the results for the choice of macroeconomic regimes and development strategies.
Authored by: Vittorio Corbo and Klaus Schmidt-Hebbel
Published in 2011CASE Network Studies and Analyses 429 - The International Crisis and Latin Am...
CASE Network Studies and Analyses 429 - The International Crisis and Latin Am...CASE Center for Social and Economic Research
Krityanand UNESCO club Jamshedpur Post-Graduate Internship On Economic and Political Development 2019
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Latin America has been strongly affected by the international crisis and recession since late 2008. In comparison to historical experience, how has Latin America coped with the global crisis, which has been the role of different transmission mechanisms, and how have the region's structural and policy conditions affected its sensitivity to foreign shocks? Moreover, what policies can protect the region better from world crises and shocks, and to which extent should it rely on a strategy of close trade and financial integration into a world economy punctuated by shocks and crises? This paper addresses the latter questions in three steps. First, by assessing empirically the sensitivity of growth in the region's seven major economies during 1990-2009 to large number of structural and cyclical factors, based on high-frequency panel-data estimations. Second, by using the latter results to decompose the amplitude of GDP reductions in both recessions according to the individual and combined contribution of the different growth factors. Third, to derive the main implications of the results for the choice of macroeconomic regimes and development strategies.
Authored by: Vittorio Corbo and Klaus Schmidt-Hebbel
Published in 2011CASE Network Studies and Analyses 429 - The International Crisis and Latin Am...
CASE Network Studies and Analyses 429 - The International Crisis and Latin Am...CASE Center for Social and Economic Research
Krityanand UNESCO club Jamshedpur Post-Graduate Internship On Economic and Political Development 2019
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Economic Development (The Pearson Series in Economics)
- 1. Economic Development (The Pearson Series in Economics) DONWLOAD LAST PAGE !!!! DETAIL Economic Development (The Pearson Series in Economics) Author : Prof Michael Todaroq Pages : 892 pagesq
- 2. Publisher : Pearson 2014-08-07q Language : Englishq ISBN-10 : 1292002972q ISBN-13 : 9781292002972q Description For courses on economic development Accessible theory, relevant policy issues, and the latest data and research, in the context of a thorough introduction to the developing world. Economic Development, - the leading textbook in this field - provides students with a complete and balanced introduction to the requisite theory, driving policy issues, and latest research. Todaro and Smith take a policy-oriented approach, presenting economic theory in the context of critical policy debates and country-specific case studies, to see how theory relates to the problems and prospects of developing countries.New to this edition * Findings Boxes - new intuitive introductions to important recent research* Global Crisis - up-to-date challenges and opportunities for developing countries* Policy Analysis and case studies - review great progress in many developing countries, plus big challenges such as violent conflict and climate change; insights from comparative case studies such as Costa Rica, Guatemala and Honduras. Economic Development (The Pearson Series in Economics)
- 3. DONWLOAD LAST PAGE !!!! Economic Development (The Pearson Series in Economics)