Dec 2015
Author(s): Rodriguez, Diego; Gonzalez, Andres; Fernandez, Andres
Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). This paper documents how these fluctuations correlate strongly with the…
Jun 2008
Author(s): Bonelli, Regis; Pinheiro, Armando Castelar
This paper examines Brazil's export discoveries in aircraft, cell phones and swine meat. All cases confirm the importance of efficiency gains and sunk costs in the expansion of exports and lead…
Nov 1997
Author(s): Haltia, Olli; Keipi, Kari
This paper discusses the topic of deforestation in Latin America and the Caribbean and the use of incentives as support for private forestry investments. The paper develops the idea of using targeted…