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Institutions, sectorial dynamics and foreign direct investment in Latin America: a new emerging reality
(CAF, 2013)
Despite uncertainties in the global economy, Latin American countries have attracted a significant amount of Foreign Direct Investment (FDI) in recent years. Investing in Latin America is now a central pillar of many ...
Trade liberalization, economic integration and regional disparities
(CAF, 2009)
What is the impact of trade liberalization and economic integration on the geographical distribution of economic activities? To address this question the present paper proposes a conceptual framework based on recent ...
Trade Integration in Colombia: A Dynamic General Equilibrium Study with New Exporter Dynamics
(CAF, 2017-08-01)
We study Colombia’s trade integration over a 30 year period through the lens of GE model in which non-exporters have access to a risky exporting technology and exporters must invest in accumulating a better exporting ...
Una agenda estratégica para la promoción de un turismo competitivo y sustentable
(CAF, 2021-07-27)
El turismo ha sido, en la última década, un componente altamente dinámico del comercio internacional. El sector tiene una significativa importancia en la economía de América Latina. La región ha registrado un crecimiento ...
Determinantes de los niveles de integración regional en las dos últimas décadas
(CAF, 2021-09-09)
La hipótesis principal del trabajo es que el mal desempeño de América Latina en términos de comercio intrarregional se explica por los altos niveles de costos comerciales. Se construyó una base de datos para el período ...
Financial Frictions, Trade, and Misallocation
(CAF, 2017-10-07)
We investigate the extent to which financial frictions shape the aggregate effects of a trade liberalization through their impact on aggregate total factor productivity (TFP) and capital misallocation. We study a small ...
Intra-bloc tariffs and preferential margins in trade agreements
(CAF, 2022-07-11)
We study how countries choose intra-bloc tariffs and preferential margins in Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower prefer-ential margins when the bloc takes ...
Importaciones para exportar y cadenas de valor en Argentina y Uruguay
(CAF, 2022-11-10)
Las importaciones forman parte del mix de insumos que utilizan en su producción las empresas exportadoras. A partir de registros aduaneros este artículo analiza el rol que tuvieron los programas de importación temporal en ...
Integration in the Caribbean
(CAF-Development Bank of Latin America and the Caribbean, 2023-07)
Trade and economic integration improve welfare and productivity through several
channels. Trade increases market size to export and import, promotes gains from
specialization and economies of scale, and foster innovation ...
The Causes and Consequences of the Spatial Organization of Agriculture in Brazil
(CAF, 2017-10-10)
Why are there vast differences in agricultural activity across space? How do these differences shape the aggregate impact of agricultural shocks? To address these questions, I build a quantitative general equilibrium model ...