1 Nov 2005, 00:00 - 14 Oct 2025, 05:21
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Publicación
This paper examines the theoretical foundations for macroeconomic policy coordination and the related empirical findings in Latin America, contributing an original analysis that advocates new dialogue mechanisms to facilitate coordination in this region. The theoretical survey is concerned with non-cooperative coordination games, including dynamic games and those with imperfect information. The practical value of these game-theoretic tools is illustrated using economic examples. One important result is that implementing different forms of dialogue in specific situations can help to reach a coo…
24 Oct 2007, 00:00 - 14 Oct 2025, 05:21
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Publicación
ABSTRACTThe main objective of this document is to show the application of modern econometric techniques, and compare the results obtained from non-stationary time series technique against those from the non-stationary panel date technique applied to a specific macroeconomic problem such as the export-led growth hypothesis.From the results of the country-by-country analysis we found evidence in favor of the export-led growth hypothesis only for 5 countries out of 40. On the other hand, using panel data techniques we found that the hypothesis holds for our sample. However, this result is valid o…
1 Oct 2017, 00:00 - 14 Oct 2025, 05:21
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Publicación
The effectiveness and efficiency of a national vocational education and training (VET) system depends, amongst others, on whether it provides its learners with the required skills now and in the future. These requirements have changed over the last decades and they are expected to change again in the future. National VET systems need to adapt to these changes in time to avoid costly skill mismatches as not having the right skills means lower wages and lower job satisfaction for workers, lower productivity and more hiring costs for employers, and lower economic output for the economy as a whole…