Good practices in monitoring and reporting on the Millennium Development Goals: National lessons from Latin America

Much work has been carried out on the notion of good practices in many fields of development. This refers to specific initiatives (projects, programmes, experiments) that have been identified as valuable and that can be replicated with positive results in other situations. The experiences described in this document are those in which the work of monitoring the Millennium Development Goals (MDGs) has served to improve the quality of statistical production and broaden its dissemination, to enhance inter-agency coordination in the area of national statistical systems, and to promote the effective…

Determinants of ownership concentration in the Chilean stock market

This paper analyses econometrically the determinants of ownership concentration in the Chilean stock market, paying particular attention to the effects of the Public Tender Offer Act (Ley de Ofertas Públicas de Adquisición de Acciones). Although the Public Tender Offer Act achieves its central purpose, the tender offer mechanism increases the concentration of ownership, mainly because of the residual tender offer obligation for which the Act provides. In addition, the study has found significant opposite responses between the controlling shareholder and the next two largest shareho…

Determinantes de la concentración de la propiedad en el mercado de valores chileno

En este artículo se analizan econométricamente los determinantes de la concentración de la propiedad en el mercado de valores chileno, con especial atención en los efectos de la Ley de Ofertas Públicas de Adquisición de Acciones. Si bien esta ley cumple su objetivo central, el mecanismo de oferta pública de adquisición aumenta la concentración de la propiedad, principalmente debido a la figura de la oferta pública de adquisición residual obligatoria. Además, se encontraron casos significativos de respuestas contradictorias entre el accionista mayoritario y los dos mayores accionist…

Structural constraints and determinants of economic growth in Cuba

This study attempts to analyse the growth of Cuba's production sector and to identify the main determinants and constraints that existed during a period when tighter restrictions on trade and financial activity forced the country to reorient its economic model and its position in the world economy. This analysis includes an exploration of the institutional dimension of the gross domestic product (GDP). The model, variables and methodology used for this purpose have all been adapted to the particular features and specificities of the Cuban economy.…

CEPAL Review no.110

Revista CEPAL no.110

Economic Survey of Latin America and the Caribbean 2013: Three decades of uneven and unstable growth

The sixty-fifth edition of Economic Survey of Latin America and the Caribbean covers the two-year period 2012 2013. As in previous editions, the first part examines the recent performance of the economies of the region and the outlook for the current year. The second part discusses long-term aspects of the economic development of Latin America and the Caribbean. Country notes, which look at the economic situation of the countries of Latin America and the Caribbean during 2012 and the first half of 2013, may be viewed on the ECLAC webpage (www.eclac.org). These notes are published along with a …

Estudio Económico de América Latina y el Caribe 2013: tres décadas de crecimiento económico desigual e inestable

La presente edición del Estudio Económico de América Latina y el Caribe corresponde al bienio 2012-2013. Al igual que en ediciones previas, en la primera parte se analiza el desempeño reciente de las economías de la región y sus perspectivas para el año, y en la segunda se discuten aspectos de largo plazo del desarrollo económico de América Latina y el Caribe. En la página web de la CEPAL pueden consultarse las notas de países, donde se analiza la coyuntura económica de las economías de América Latina y del Caribe durante 2012 y el primer semestre de 2013, así como el anexo estadístico, en el …

Lanzamiento oficial del Estudio económico de América Latina y el Caribe -- Julio 2013

Estudio económico de América Latina y el Caribe (24 de marzo, 2013) Este informe realiza un diagnóstico del crecimiento económico durante las tres últimas décadas y presenta propuestas para estimular un aumento de la inversión y de la productividad con el fin de alcanzar un crecimiento más estable y sostenido en el futuro. Si bien hubo transformaciones económicas profundas en América Latina y el Caribe en este período, persisten elevados grados de desigualdad y pobreza en varios países. Asimismo, y a pesar de la favorable evolución de los términos de intercambio, la acumulación de capital…

Growth in Latin America and the Caribbean Will Reach 3.0% in 2013

See photo gallery Watch video of the press conference. (24 July 2013) As a whole, Latin American and Caribbean countries will grow by 3.0% in 2013, which is similar to last year's growth rate, according to a new ECLAC report launched at a press conference today in Santiago, Chile. In the Economic Survey of Latin America and the Caribbean 2013, ECLAC states that the lower growth rate than the most recent estimate (3.5% in April) was partly due to slow growth in Brazil and Mexico. In addition, several countries that were growing quickly - such as Chile, Panama and Peru - experienced a sl…

Crecimiento de América Latina y el Caribe llegará a 3,0% en 2013

Ver galería de fotos Ver video de la conferencia de prensa. (24 de julio, 2013) Los países de América Latina y el Caribe crecerán en su conjunto 3,0% en 2013, tasa similar a la registrada el año pasado, según un nuevo informe de la CEPAL dado a conocer hoy en Santiago de Chile en conferencia de prensa. En su Estudio Económico de América Latina y el Caribe 2013 la CEPAL señala que la caída en el crecimiento con respecto a la última estimación (3,5% en abril pasado) se debe en parte a la baja expansión de Brasil y de México. Asimismo, varios países que venían creciendo a tasas …

Crescimento da América Latina e do Caribe chegará a 3,0% em 2013

Veja a galería de fotos Veja o vídeo da colectiva de imprensa. (24 de julho de 2013) Os países da América Latina e do Caribe crescerão em seu conjunto 3,0% em 2013, taxa similar à registrada no ano passado, segundo um novo Relatório da CEPAL divulgado hoje em Santiago do Chile em uma coletiva de imprensa. Em seu Estudo Econômico da América Latina e do Caribe 2013 a CEPAL indica que a queda no crescimento em relação à última estimativa (3,5% em abril passado) deve-se em parte à baixa expansão do Brasil e do México. Também, vários países que vinham crescendo a taxas e…

Economic and social overview of Latin America and the Caribbean

Launch of the report Economic Survey of Latin America and the Caribbean 2013

Presentación del informe Estudio Económico de América Latina y el Caribe 2013

Conferencia "El problema de las drogas en las Américas: presentación del informe del Secretario General de la Organización de los Estados Americanos (OEA), José Miguel Insulza"

ECLAC and Argentine Province of Santa Fe Developed New Economic Activity Index

A statistical and econometric instrument to measure a province's economic activity simply and in real time has been developed by the Economic Commission for Latin America and the Caribbean (ECLAC), in conjunction with the Secretariat for Planning and Economic Policy of the Province of Santa Fe in Argentina and the Provincial Institute of Statistics and Censuses (IPEC). The Synthetic Index of Provincial Economic Activity (ISAE), created as part of the Programme of Technical Assistance to Provinces by the ECLAC Office in Buenos Aires, will provide information for diagnostics and the pl…

CEPAL y Provincia argentina de Santa Fe desarrollaron nuevo índice de actividad económica

Un instrumento estadístico-econométrico que permite conocer de manera sencilla y en tiempo real la evolución de la actividad económica provincial fue desarrollado por la Comisión Económica para América Latina y el Caribe (CEPAL), en conjunto con la Secretaría de Planificación y Política Económica de la Provincia de Santa Fe de Argentina y el Instituto Provincial de Estadísticas y Censos (IPEC). El Índice Sintético de Actividad Económica provincial (ISAE), creado en el marco del Programa de Asistencia Técnica a las Provincias que ejecuta la Oficina de la CEPAL en Buenos Aires, brindar…

A CEPAL e a Província argentina de Santa Fé desenvolveram novo índice de atividade econômica

Um instrumento estatístico-econométrico que permite conhecer de maneira simples e em tempo real a evolução da atividade econômica provincial foi desenvolvido pela Comissão Econômica para a América Latina e o Caribe (CEPAL) em conjunto com a Secretaria de Planejamento e Política Econômica da Província de Santa Fé da Argentina e o Instituto Provincial de Estatísticas e Censos (IPEC). O Índice Sintético de Atividade Econômica provincial (ISAE), criado no âmbito do Programa de Assistência Técnica às Províncias que executa o Escritório da CEPAL em Buenos Aires, brindará informação para o …

Weak expansions: a distinctive feature of the business cycle in Latin America and the Caribbean

Using two standard cycle methodologies (Classical and Deviation Cycle) and a comprehensive sample of 83 countries worldwide, including all developing regions, we show that the Latin American and Caribbean cycle exhibits two distinctive features. First, and most importantly, its expansion performance is shorter and for the most par less imtense than that of the rest of the regions considered, and in particular than that of East Asia and the Pacific, East Asia and the Pacific's expansions last five years longer than those of LAC, and its output gain is 50% greater than that of LAC. Second,…