{"title":"The Equity and Income Distribution Inequality Nexus: An Assay to Reduce Poverty in MENA Countries","authors":"Badry Hechmy","doi":"10.2139/ssrn.3069672","DOIUrl":"https://doi.org/10.2139/ssrn.3069672","url":null,"abstract":"The objective of this study is seeking necessary means to eradicate poverty in MENA countries through reducing income distribution inequality. in a first stage, it was shown through a nonlinear modeling the limit of the Kuznets theory and that economic growth in the region is far to reduce inequality and eradicate poverty within a reasonable time. in a second step, it was shown that growth must be pro-poor. And improving social equity through education and access to medical care is the essential key to reducing inequality and thus fight poverty. The study period runs from 1975 to 2015 and the sample is composed of 20 MENA countries.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"118 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84302135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mexico Economic Outlook (2017-2019)","authors":"A. Coutiño","doi":"10.2139/SSRN.3050900","DOIUrl":"https://doi.org/10.2139/SSRN.3050900","url":null,"abstract":"This paper outlines a baseline scenario for Mexico’s economy for the period 2017-2019, based on the main internal and external assumptions with the highest probability to materialize. It also remarks the main risks that could deviate the economy from the baseline scenario.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89199571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Conditional Cash Transfer Programmes in Latin America and the Caribbean: Coverage and Investment Trends","authors":"S. Cecchini, Bernardo Atuesta","doi":"10.2139/SSRN.3037640","DOIUrl":"https://doi.org/10.2139/SSRN.3037640","url":null,"abstract":"This document analyses the evolution of the population coverage and investment of conditional cash transfer (CCT) programmes, which are poverty reduction initiatives, in the countries of Latin America and the Caribbean over the past 20 years. The analysis is based on up-to-date, detailed information from the database on non-contributory social protection programmes in Latin America and the Caribbean, which is administered by the Economic Commission for Latin America and the Caribbean (ECLAC) and available to the public via the Internet. The database presents information on the various components of the programmes and the institutions responsible for them and provides data on budgets, expenditure, coverage and transfer amounts of each CCT programme. The paper finds that both CCT programme coverage and investment increased significantly in the region during the 2000s, stabilized after 2010 and fell in 2014 and 2015, primarily due to coverage reductions in Ecuador and Guatemala. As of 2015, CCT programmes served one fifth of the region‘s population — 132 million people and 30 million households — with an investment equivalent to 0.33% of regional GDP, or USUS$ 153 per capita. Preliminary data for 2016 suggest a further decline in coverage.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83666700","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pensions and Fertility: Micro-Economic Evidence","authors":"Alexander Danzer, Lennard Zyska","doi":"10.1596/1813-9450-8173","DOIUrl":"https://doi.org/10.1596/1813-9450-8173","url":null,"abstract":"Railway transport generally has the advantage for large-volume, long-haul freight operations. Africa possesses significant railway assets. However, many rail lines are currently not operational because of the lack of maintenance. The paper recasts light on the impact of rail transportation on firm productivity, using micro data collected in Tanzania. To avoid the endogeneity problem, the instrumental variable technique is used to estimate the impact of rail transport. The paper shows that the overall impact of rail use on firm costs is significant despite that the rail unit rates are set lower when the shipping distance is longer. Rail transport is a cost-effective option for firms. However, the study finds that firms' inventory is costly. This is a disadvantage of using rail transport. Rail operations are unreliable, adding more inventory costs to firms. The implied elasticity of demand for transport services is estimated at -1.01 to -0.52, relatively high in absolute terms. This indicates the rail users' sensitivity to prices as well as severity of modal competition against truck transportation. The study also finds that firm location matters to the decision to use rail services. Proximity to rail infrastructure is important for firms to take advantage of rail benefits.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88459285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Index of Regulatory Practices for Financial Inclusion in Latin America: Enablers, Promoters and Preventers","authors":"L. Rojas-Suárez, Lucia Pacheco","doi":"10.2139/SSRN.3039159","DOIUrl":"https://doi.org/10.2139/SSRN.3039159","url":null,"abstract":"The index assesses and compares the quality of regulations that influence financial inclusion in 8 Latin American countries. It defines three categories of regulatory practices: the enablers, which determine the overall quality of the financial environment; the promoters, which deal with specific market frictions; and the preventers which create distortions and barriers.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"109 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78783616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Political Economics and Possibilism: Towards an Open Notion of Development","authors":"Andres Guiot","doi":"10.2139/ssrn.3007763","DOIUrl":"https://doi.org/10.2139/ssrn.3007763","url":null,"abstract":"Hirschman was both a pioneer and a dissenter of development economics. He shares with the high theory the virtues and misfortunes of committing to modernize the underdeveloped world, but his exposure to the politics of development in Latin America gave new life to his early insights. Revealing the political dimensions of his concepts on economic development, Hirschman provides some mini-building blocks for a political economics consistent with an open notion of development. This inquiry, however, should not be seen exclusively through a methodological lens; it is grounded on his possibilism, a claim about modernity and the possibility of change. This article reconsiders the legacy of Hirschman’s thought for current debates on development and calls for recuperating his commitment to open societies.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75841249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reconversión industrial en Colombia necesaria para la adecuada inserción en el mercado internacional (Industrial Restructuring Required in Colombia for Adequate Insertion in the International Market)","authors":"Carolina Henao-Rodríguez","doi":"10.1016/J.SUMNEG.2017.11.001","DOIUrl":"https://doi.org/10.1016/J.SUMNEG.2017.11.001","url":null,"abstract":"","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"227 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81032081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"La Libre Competencia Económica en El Régimen de Los Servicios Públicos (Economic Competition in the Public Utilities Law Regime)","authors":"S. Barreto","doi":"10.18601/21452946.n18.10","DOIUrl":"https://doi.org/10.18601/21452946.n18.10","url":null,"abstract":"This paper analyses the role of competition as a legal and economic criterion in the legal regime of public utilities. It focuses in the public utilities and telecommunications services, because they were liberalised by the law in Colombia. The article also analyses some judicial and administrative decisions that have strengthened or weakened the role of competition in these economic activities. In particular, it examines the law of contracts of the enterprises in the public utilities sector; the powers of the competition authority in the public utilities sector; and the recent decision of the Council of State regarding a third TV channel for the telecommunications sector.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78373365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
O. Ishizawa, J. Miranda, Hongrui Zhang, Oscar Anil Ishizawa Escudero, Juan Jose Miranda Montero
{"title":"Understanding the Impact of Windstorms on Economic Activity from Night Lights in Central America","authors":"O. Ishizawa, J. Miranda, Hongrui Zhang, Oscar Anil Ishizawa Escudero, Juan Jose Miranda Montero","doi":"10.1596/1813-9450-8124","DOIUrl":"https://doi.org/10.1596/1813-9450-8124","url":null,"abstract":"Central America is particularly prone to tropical storms and hurricanes. The prevailing conditions of poverty and socioeconomic inequality in most countries of the region make their exposed population especially vulnerable to those adverse natural events. This paper quantifies the causal effects of hurricane windstorms on economic growth using night lights in the Central America region at the highest spatial resolution data available (1 square kilometer). The paper uses a unique data set of monthly night lights data to capture the temporal disaggregation of hurricanes. Hurricanes in Central America are often localized events and tend to make landfall during the final months of the year that are better captured through monthly -– rather than yearly -– frequency data. The results suggest that major hurricanes show negative effects up to 12 months after the hurricane strikes (between -2.6 to -3.9 percent in income growth at the local level). After that, the analysis finds positive effects during the second year and the first half of the third year as evidence of post-disaster recovery (from 2.5 to 3.6 percent in income growth). The paper contributes to the literature on natural disasters by providing robust estimates of the causal effects of major hurricane windstorms on Central America, which are negative (in the short term) and positive (two years after hurricanes hit).","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"23 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91482125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Managing Skill Premium Through Firm Structure","authors":"Enoch Hill, David Perez-Reyna","doi":"10.2139/ssrn.2983991","DOIUrl":"https://doi.org/10.2139/ssrn.2983991","url":null,"abstract":"Previous research has consistently demonstrated a positive relation between firm size and skill premium. We decompose this result by type of skilled worker using data from Chilean firms and find that returns in skill premium to size are an order of magnitude larger for owners and managers compared to other types of skilled workers. We interpret this to imply that firm structure is important for understanding the relationship between skill premium and firm size. We propose an original model of firm hierarchy which rationalizes our empirical finding. In our model, more productive firms maximize profits by choosing to employ more levels of management. These managers require a higher average skill level and command a higher average skill premium. Additionally, our model predicts that skill premium is increasing in the ratio of workers to managers, a fact we also observe in the Chilean data.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88449532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}