The Economic Development of Latin America since Independence

Bértola, Luis; Ocampo, José Antonio

doi:10.1093/acprof:oso/9780199662135.001.0001

Cited by 339 publications

(148 citation statements)

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“…First, developing economies are generally characterised by macroeconomic instability and intense cyclical variations (Stiglitz, 1998;Ocampo et al, 2009;Bértola and Ocampo, 2012), so vulnerability to external (and internal) shocks is expected to be higher. This means that after each crisis a considerable number of firms enter the growing markets, many of which will exit in the following years (the greater the decline, the more firms exit), thus producing a "revolving door" phenomenon that is often more intense than in developed countries.…”

Section: Peripheral Regions)mentioning

confidence: 99%

The determinants of exit in a developing country: core and peripheral regions

2015

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Section: Peripheral Regions)mentioning

confidence: 99%

The determinants of exit in a developing country: core and peripheral regions

2015

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“…Agriculture does not make use of qualified manpower and high technology that confer benefits to other manufactured industries where there is higher trade liberalization. Bertola and Ocampo (2012) highlight that Latin American economies are not taking advantage of the boom in agricultural exports to invest in productive sectors unrelated to natural resources. Achieving a sustainable economic growth requires bridging the technology gap with industrialized countries.…”

Section: Resultsmentioning

confidence: 99%

The role of private sector in development: The relation between public-private investment in infrastructure and agricultural exports in developing countries

Soriano

Garrido

2015

EARN

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ABSTRACT:Increasing foreign private investment in developing countries explains why the PublicPrivate Investment (PPI) is becoming a key tool to reach the development goal. This article analyzes the relation between PPI in infrastructure and agricultural exports in developing countries. We use the panel data approach (52 countries and 17 years). Results show that PPI in infrastructure has a positive impact on agricultural exports of developing countries. The impact is greater in developing countries with higher income rates. This suggests that the lower income countries require the intervention of public sector withwithout which private investment cannot help to economic development. KEYWORDS:Agricultural exports, development, panel data, public-private investment in infrastructure. El papel del sector privado en el desarrollo: la relación entre la inversión público-privada en infraestructuras y las exportaciones agrarias en los países de desarrollo RESUMEN: La presencia de la inversión privada extranjera en los países en desarrollo explica por qué la Inversión Público-Privada (IPP) se convierte en una herramienta para alcanzar el objetivo del desarrollo. Se analiza la relación entre la IPP en infraestructuras y las exportaciones agrarias en los países en desarrollo, aplicando la metodología de datos de panel (52 países y 17 años). Los resultados muestran que la IPP tiene un impacto positivo en las exportaciones agrarias de los países en desarrollo. Dicho impacto es mayor en aquellos países de mayor renta. Ello sugiere que los países de menor renta requieren de la intervención del sector público, sin la cual la inversión privada no puede contribuir al desarrollo económico.PALABRAS CLAVE: Datos de panel, desarrollo, exportaciones agrarias, inversión público-privada en infraestructura.

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“…Latin American studies agree that the main cause of increasing inequality in the region has been the process whereby political power, wealth and income have become concentrated in the hands of landowning and capitalist elites and of the people who control work and trade relations (Bértola and Ocampo 2012).…”

Section: Theoretical Approachmentioning

confidence: 99%