Jul 2013
Author(s): Tommasi, Mariano; Scartascini, Carlos; Caruso, Germán
The understanding of the economic effect of formal institutional rules has progressed substantially in recent decades. These formal analyses have tended to take for granted that institutional arenas…
Sep 2010
Author(s): Becerra, Oscar; Cavallo, Eduardo A.; Scartascini, Carlos
Although financial development is good for long-term growth, not all countries pursue policies that render full financial development. This paper builds on an extensive political economy literature…
Nov 2009
Author(s): Scartascini, Carlos; Tommasi, Mariano; Velasques de Paula Machado, Fabiana
This paper argues that where institutions are strong, actors are more likely to participate in the political process through institutionalized arenas, while where they are weak, protests and other…
Dec 2008
Author(s): Gandelman, Néstor; Alaimo, Veronica; Olarreaga, Marcelo; Guasch, José Luis; Lederman, Daniel; Casacuberta, Carlos; Oviedo, Ana María; López, J. Humberto; Love, Inessa; Porto, Guido; Fajnzylber, Pablo; Rubiano, Eliana
Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic…