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Privatization for the Public Good?
  • Language: en
  • Pages: 253

Privatization for the Public Good?

This book provides a detailed microeconomic analysis of the impact of various privatizations in different countries in the region. Its central message is that in many cases, contrary to popular belief, society as a whole and in particular the poor have benefited from privatization. The book presents a careful analysis of the various mechanisms through which privatization has an impact on welfare, an analysis that by and large has been missing from the debate. Case studies of water sector privatization in Argentina and Colombia, and also the telecom industry in Peru are included.

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America
  • Language: en
  • Pages: 438

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America

This book is about how the distribution of income changes during the process of income development. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries -- Indonesia, Malaysia, and China -- and to four in Latin America -- Argentina, Brazil, Colombia, and Mexico.

Saving in Latin America and the Caribbean
  • Language: en
  • Pages: 41

Saving in Latin America and the Caribbean

This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper presents empirical results of an extensive search of determinants of private and public saving rates, adding previously neglected variables (including different measures of key external prices and macroeconomic policy regimes), in linear form and in interactions with other saving determinants. It analyzes statistical differences in saving determinants between LAC and the rest of the world in a nested econometric framework, and discusses differences across three country subgroups within LAC. The results highlight commonalities and differences in saving behavior between LAC and other world regions, as well as within LAC, identifying the role of key policy variables and regimes.

Public Capital, Growth and Welfare
  • Language: en
  • Pages: 264

Public Capital, Growth and Welfare

Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.

The Political Economy of Publicly-provided Goods
  • Language: en
  • Pages: 202

The Political Economy of Publicly-provided Goods

This dissertation consists of three chapters which explore various aspects of the political economy of publicly-provided goods. I shed light on why governments do or do not invest in goods of different types, and also how government versus private provision affects consumers. What follows are three empirical analyses testing the implications of competing theoretical models. My first chapter addresses the question, what drives governments with similar revenues to publicly provide very different amounts of goods for which private substitutes are available? Key examples are education and health care. I compare spending by Brazilian municipalities on pre-primary education--a good that is also pr...

Who Gains from Free Trade
  • Language: en
  • Pages: 431

Who Gains from Free Trade

  • Type: Book
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  • Published: 2007-01-24
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  • Publisher: Routledge

The editors are among the world’s leading experts on Latin American development A range of countries across Latin America are studied Latin America examines the success and failure stories of free trade in the US

Monetary Policy Strategy
  • Language: en
  • Pages: 561

Monetary Policy Strategy

  • Type: Book
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  • Published: 2009-08-21
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  • Publisher: MIT Press

A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econometric evidence, and extensive case studies. This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin is not only an academic expert in the field but also a high-level policymaker. He is especially well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering published papers, new int...

Good Jobs Wanted
  • Language: en
  • Pages: 330

Good Jobs Wanted

  • Type: Book
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  • Published: 2003
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  • Publisher: IDB

Annotation There is a widespread perception that the structural reforms implemented in Latin America in the 1990s have failed to spur employment growth. This perception is fueled by rising unemployment, slow wage growth, rising wage inequalities and a heightened sense of economic insecurity. This year's edition of Economic and Social Progress in Latin America investigates whether this disappointing outcome can be explained by an abnormal adjustment to rapid changes in goods and capital markets, increased female participation in the workplace, technological change, and secular changes in the sector composition of output. In particular, the book examines whether there are important demands for change that are being thwarted by inappropriate institutions and rigidities. The report documents unemployment and underemployment, employment creation and destruction, productivity growth, and the wage level and inequality. It includes a CD-ROM with data on labor markets in the region.

NBER Macroeconomics Annual 1998
  • Language: en
  • Pages: 438

NBER Macroeconomics Annual 1998

  • Type: Book
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  • Published: 1999
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  • Publisher: MIT Press

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Saving for Development
  • Language: en
  • Pages: 352

Saving for Development

  • Type: Book
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  • Published: 2016-07-08
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  • Publisher: Springer

Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.