The IDB has researchers in many departments producing working papers on economic and social topics. Many of these documents constitute background research for the IDB’s flagship publication "Development in the Americas" prepared by the Research Department. In addition, the IDB finances and mentors studies conducted by other institutions in order to build knowledge and research capacity. All IDB working papers are peer reviewed and meet high editorial standards.
2019 Latin American and Caribbean Macroeconomic Report: Building Opportunities for Grow in a Challenging World
· Growth in Latin America and the Caribbean is expected to remain below potential in 2019.
· A combination of economic shocks could lower growth in the region by an annual average of up to 1.7 percent of GDP in 2019-2021.
· Additional investment in infrastructure could significantly boost growth in the region.
· A 0.3% positive growth shock in each of the five largest economies could increase regional growth by 0.5% annually for three years.
Development In the Americas (DIA): Building Capabilities for Productive Development
Edited By Alejandro Izquierdo, Carola Pessino and Guillermo Vuletin
- Analysis of government spending in Latin America and the Caribbean reveals widespread waste and inefficiencies that could be as large as 4.4 percent of the region’s GDP, showing there is ample room to improve basic services without necessarily spending more resources.
- The publication argues against across-the-board cuts. It looks at whether countries spend too much or too little on different priorities, whether they invest enough to ensure a better future, and whether those expenditures make inequality better or worse.
- Along with the diagnosis, the report offers several policy recommendations on how to improve the efficiency of government spending.
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Policymakers in Latin America and the Caribbean may be keenly aware that the region’s crumbling roads, inefficient energy systems, and inadequate water and sanitation hold their countries back. But efforts to improve these and other infrastructure services get the short end of the stick. When governments reduce fiscal deficits, they consistently shortchange capital spending on […]
For a long time, economists believed that inequality in the labor market could be explained fundamentally by differences in skills. Workers who were highly educated, experienced and skilled tended to be rewarded better by the labor market than workers who weren’t. Firms were essentially irrelevant in this paradigm. Workers were rewarded for their productivity: It […]
The post Did Changes Among Firms Reduce Wage Inequality in Latin America? appeared first on Ideas Matter.
For much of the 1980s and early 1990s, Latin America and the Caribbean was in the throes of hyperinflation. In 1990, for example, 16 of 20 countries in the region had inflation rates above 20%, while in 2018 only three of those countries had inflation above 8%, according to IMF figures. The main ingredients to […]