{"title":"Editorial (inglés)","authors":"Manuela A. De Paz-Báñez","doi":"10.33776/rem.v0i61.7184","DOIUrl":"https://doi.org/10.33776/rem.v0i61.7184","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46899830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
José Luis Hernández Mota, Iván Abdel Marín Medrano
{"title":"Bienestar e integración en América Latina: el papel de la IED","authors":"José Luis Hernández Mota, Iván Abdel Marín Medrano","doi":"10.33776/rem.v0i61.5228","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5228","url":null,"abstract":"Se analiza la relación entre la IED, la integración comercial, la actividad económica y el bienestar individual de economías representativas de América Latina: Brasil, Chile, Colombia y México. Se utiliza un modelo empírico con datos panel bajo la hipótesis de que la IED puede generar incrementos productivos y el consiguiente beneficio de la integración a nivel del bienestar individual. Aunque se aporta evidencia para consolidar y fortalecer los procesos de integración llevados a cabo, dada la heterogeneidad económica, los resultados obtenidos también permiten mostrar la importancia de las medidas de política económica en una economía receptora de IED.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42869619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Overeducation and overskilling: The influence of social background on job placement","authors":"Santos Miguel Ruesga Benito, J. Pérez","doi":"10.33776/rem.v0i61.5502","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5502","url":null,"abstract":"This article examines the relationship between social origin and the probability of being overeducated or overskilled. Using PIAAC microdata for EU countries, we carried out an econometric analysis, which examine the importance of parents having higher education on the probability of individuals being overeducated and/or overskilled. The results show that workers whose parents have high levels of education are less likely to be overeducated for a young cohort, while this effect disappears for an older sample. However, these individuals will be more likely to be overskilled, given the greater cultural capital received in their families. This occurs for both cohorts.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43732990","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reassessing the Classical Investment Function. A Panel Data Analysis from NAFTA-USMCA","authors":"Fahd Boundi Chraki","doi":"10.33776/rem.v0i61.5145","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5145","url":null,"abstract":"This study applies the second generation of panel cointegration techniques in conjunction with those estimators that control cross-sectional dependence to test the plausibility of the classical approach to capital accumulation in Canada, Mexico, and the United States from 1960 to 2019 empirically. The findings suggest that private investment is positively related to the profit rate, unit labour costs, and growth in demand in both the short and long-run, while the causality analysis indicates potential feedback loops between the variables.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41386993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary integration in South America: Elección of candidates through unsupervised machine learning","authors":"León Padilla, E. Marin","doi":"10.33776/rem.v0i61.5155","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5155","url":null,"abstract":"Applying Unsupervised Machine Learning techniques to a set of nominal variables (based on the optimum currency area [OCA] theory and the Maastricht Treaty criteria) and industrial indicators (based on similar production patterns), this paper aims to identify potential candidates for a monetary integration in South America (SA). The main conclusion is that, according to the clustering of the nominal and industrial indicators, the countries in best position for a hypothetical monetary integration in SA are Chile, Colombia, and Perú (and Ecuador to a lesser extent); countries that are generally members of the same cluster. This group of economies, which belong to the Pacific Alliance, are in a better position to meet various criteria for regional monetary integration, such as nominal convergence and similar production patterns. ","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41453865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Integración económica de México al mercado común de América del Norte: un análisis insumo-producto multipaís en el marco normativo del T-MEC","authors":"E. D. Gaytán Alfaro","doi":"10.33776/rem.v0i61.5346","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5346","url":null,"abstract":"La presente investigación pretende ser un referente de información en el marco de la integración económica que propone el T-MEC y, con ello, promover la configuración de un mercado común para América del Norte que redunde en un mayor grado de inclusión del aparato productivo mexicano, acorde con la articulación de las ramas que lo definen. Para tal propósito se presenta una estructura multisectorial de información económica que expresa el tejido productivo de la región, analizando la perspectiva de México como productor y proveedor de bienes intermedios mediante el esquema de clasificación industrial (Structural Analysis Databases) STAN-OCDE para lo que se emplea un modelo insumo-producto formulado con criterios de retroalimentación y derrama. Los resultados muestran las ramas en las que México tiene protagonismo e identifican las transacciones de mayor relevancia determinadas por los flujos de riqueza y la integración de su dinámica de intercambios.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42327052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary policy: effects of the decrease of the interest rates of the Federal Reserve in dollarized economies (USA, Ecuador, El Salvador and Panama)","authors":"M. León, María de la O Barroso González","doi":"10.33776/rem.v0i61.5268","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5268","url":null,"abstract":"This research estimates the effect of the expansive monetary policy on the Federal Reserve in the economic growth and inflation in the countries which have dollarized economies. In order to evaluate the effects of the monetary policy, the data of the Mundial Bank are used (2019) for the United States, Ecuador, El Salvador and Panama; and the data of the Federal Reserve Bank of the United States of North America (2019), during 2001-2017 and the econometric strategy of panel data with fixed effects and individual effects. The results show that the application of the expansive monetary policy fulfills the aim of dynamization the economic growth after the Major Recession, whilst, it has no significant effect on the inflation of the economies that are being studied, also indicated that the formation of fixed capital is the determinant factor of growth of those countries.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45498320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do turbulent business environments shape asymmetric trade policy responses? Insights into the Covid-19 pandemic and the Great Recession","authors":"Rozalia Kicsi, Aurel Burciu, V. Grosu, I. Bostan","doi":"10.33776/rem.v0i61.5508","DOIUrl":"https://doi.org/10.33776/rem.v0i61.5508","url":null,"abstract":"Today's pandemic and the Great Recession are the most turbulent moments of the 21st century. The aim of the paper is to explore the pattern of response through mixes of harmful trade policy interventions during these two systemic crises.The descriptive assessment focuses on two broad categories of measures, i.e. import-related and export-related harmful interventions. Some stylized facts emerged from this analysis and conclude that the two major crises led to different responses from governments, driven by specific reasons and needs. These patterns of response challenge the future of international trading system and the behavior of companies in the global business environment. Therefore, this research provides valuable information not only for the business community, but also for policymakers.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46646747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Editorial (inglés)","authors":"Santos M. Ruesga Benito","doi":"10.33776/rem.vi60.7059","DOIUrl":"https://doi.org/10.33776/rem.vi60.7059","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43762746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Estimation of Informal Economy: Figures for Developed and Underdeveloped Countries Around the World","authors":"Firedrich Schneider","doi":"10.33776/rem.v0i60.5631","DOIUrl":"https://doi.org/10.33776/rem.v0i60.5631","url":null,"abstract":"This paper estimates the size of the value added of the informal economy for 157 countries over 1991 to 2017 with the help of the MIMIC-method. The results show that OECD countries have by far the smallest informal economies, with sizes below 20 percent of official GDP. Moreover, informal economies are larger in Latin American and sub-Saharan African countries, averaging almost 38 and 39 percent of GDP, respectively. The average informal-economy size over all 157 countries and over 1991–2017 is 30.9 percent. The average decline in informal-economy size from 1991 to 2017 is a remarkable 6.8 percentage points. In addition, results of the size and development of undeclared or informal employment all over the world are shown. Except for Eastern Europe and Central Asia and Southern Africa, informal employment is above 50% of total employment and even over 88% in Southern Asia and Sub-Saharan Africa. Finally, some policy measures to reduce the informal economy and conclusions are given.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44852250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}