In this research, different complementary approaches are developed to determine the impact of public expenditure on economic growth in Mexico, Central America and the Dominican Republic. The evolution of the countries’ fiscal performance is analyzed; the strong link between public spending and economic growth is verified; the long-run relationship between current and capital expenditure with GDP growth is identified, and it is shown that public spending has a significant multiplier effect in the short and long-term, highlighting its persistence over time.…
The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Thursday, 3 August, its Economic Survey of Latin America and the Caribbean 2017, a publication updating growth estimates for the region’s countries in the current year.
ECLAC’s Executive Secretary, Alicia Bárcena, will present the report during a press conference that will be held at 11:00 a.m. (GMT – 04:00) at the organization’s headquarters in Santiago, Chile, and will be broadcast live via Internet at the institution’s Web site.
The Economic Survey of Latin America and the Caribbean is one of ECLAC’s most…
La Comisión Económica para América Latina y el Caribe (CEPAL) presentará el próximo jueves 3 de agosto su Estudio Económico de América Latina y el Caribe 2017, publicación en la que actualizará sus estimaciones de crecimiento para los países de la región en el presente año.
Alicia Bárcena, Secretaria Ejecutiva de la CEPAL, ofrecerá a las 11:00 horas de ese día (GMT -04:00 horas) una conferencia de prensa para presentar el informe en la sede de la Comisión en Santiago, Chile. Será transmitida en directo por internet a través del sitio web de la institución.
El Estudio Económico de América…
A Comissão Econômica para a América Latina e o Caribe (CEPAL) apresentará na próxima quinta-feira, 3 de agosto, o Estudo Econômico da América Latina e do Caribe 2017, publicação em que atualizará as estimativas de crescimento para os países da Região no presente ano.
Alicia Bárcena, Secretária-Executiva da CEPAL, fará uma coletiva de imprensa para apresentar o Relatório, na sede da Comissão, em Santiago, Chile, que será realizada às 11h (12h de Brasília) do dia 3 de agosto, quinta-feira, e será transmitida ao vivo por videoconferência para o Escritório da CEPAL no Brasil e, tam…
The Prime Minister of Trinidad and Tobago, Keith Rowley, visited today the central headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, where he was received by its Executive Secretary, Alicia Bárcena. During the meeting, both officials agreed to increase bilateral cooperation and technical assistance, especially with regard to the economy and energy.
Prime Minister Rowley, who is in Chile on an official visit, was accompanied by a delegation made up of the ministers of Foreign Affairs, Industry and Trade, Energy and Energy Industries, and the…
El Primer Ministro de Trinidad y Tabago, Keith Rowley, visitó hoy la sede central de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, en donde fue recibido por su Secretaria Ejecutiva, Alicia Bárcena. En la reunión, ambos personeros acordaron incrementar la cooperación y asistencia técnica bilateral, en especial en el área económica y energética.
El Primer Ministro Rowley, quien se encuentra en visita oficial a Chile, estuvo acompañado por una delegación compuesta por los ministros de Relaciones Exteriores, Industria y Comercio, Energía e Industrias Energética…
A daunting challenge faced by financial institutions
in the Caribbean in recent years is the growing trend
being adopted by large global banks that serve as
correspondent banks to local financial institutions, to
severely limit or terminate their correspondent banking
relationships (CBRs) with these local or regional banks
(respondent banks). This practice is considered a form
of “de-risking”, whereby business relationships with
clients or categories of clients considered “high-risk”
are restricted or terminated. So far, financial institutions
in 12 Caribbean countries have had the CBRs of at …
The Preliminary Overview of the Economies of the Caribbean analyzes in its 2016-2017 edition the economic performance of the region throughout 2016, the international context and macroeconomic policies implemented by countries, while also providing an outlook for 2017. The Caribbean recorded economic growth of only 0.8 per cent in 2016 but growth is expected to rebound to 2.4 per cent in 2017. The poor performance observed in 2016 was primarily due to a 3.7 percent contraction in the goods producing economies, which were hard hit by the decline in commodity prices in general and hydrocarbons i…
The Economic Commission for Latin America and the Caribbean (ECLAC) updated growth projections for economic activity in the region in 2017 and forecasts a 1.1% average expansion for this year, the United Nations body stated today in a press release. This projection is slightly below the 1.3% that was estimated in December 2016.
As in previous years, in 2017 the growth dynamics will vary between countries and subregions, ECLAC indicates. The economies of South America, specialized in the production of primary goods – especially oil, minerals and food – will record average growth of 0.6%. This r…
La Comisión Económica para América Latina y el Caribe (CEPAL) actualizó las proyecciones de crecimiento de la actividad económica de la región para 2017 y espera una expansión promedio de 1,1% durante este año, según informó hoy el organismo de las Naciones Unidas mediante un comunicado de prensa. Esta proyección se encuentra levemente por debajo de la estimada en diciembre de 2016 la cual era de 1,3%.
Al igual que en años anteriores, durante 2017 el crecimiento mostrará dinámicas diferenciadas entre países y subregiones, indica la CEPAL. Las economías de América del Sur, especializadas en la …
This article aims to analyse the determinants of foreign direct investment (FDI) into Brazil between 2001 and 2013. It uses a vector error correction (VEC) model to analyse both the long-term function and the impulse-response function. The results show that levels of economic activity, wages and productivity are positively related to FDI inflows, which means that investors pursue market-seeking and efficiency-seeking strategies when targeting the Brazilian market. Although less important, the stability of the national economy and the exchange rate also proved statistically significant in expla…
El objetivo de este artículo es analizar los determinantes del flujo de inversión extranjera directa (IED) hacia el Brasil entre 2001 y 2013. Para ello se empleó un modelo de vectores de corrección de errores (VEC) para el análisis de la función de largo plazo y de la función de impulso-respuesta. Los resultados indican que los niveles de actividad económica, salario y productividad se relacionan positivamente con el ingreso de inversión extranjera directa. Esto indica que, al orientarse hacia el mercado brasileño, los inversionistas siguen una estrategia de búsqueda de mercados y de eficienci…
The aim of this study is to estimate the impact of geological and climate-related disasters on the per capita growth rates of gross domestic product (GDP) and fiscal expenditure in Latin American and Caribbean countries. The results show that the effects vary by type of disaster and by subregion. In the Caribbean countries, the per capita GDP growth rate has typically responded negatively to climate disasters, whereas the response to a geological disaster has generally not been statistically significant. In Central American countries, the response of the per capita GDP growth rate was found to…
El objetivo de este trabajo es estimar el impacto de los desastres climáticos y geológicos en la tasa de crecimiento del producto interno bruto (PIB) per cápita y la tasa de crecimiento del gasto fiscal per cápita de los países de América Latina y el Caribe. Los resultados indican que hay efectos diferenciados por tipo de desastre y por subregiones. En los países del Caribe, la respuesta típica de la tasa de crecimiento del PIB per cápita a los desastres climáticos fue negativa. Por su parte, la respuesta a un desastre de origen geológico no fue estadísticamente significativa. En los países de…
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