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Feb 2019
Author(s): Crespi, Gustavo; Figal Garone, Lucas; Maffioli, Alessandro; Stein, Ernesto H.
This paper estimates the direct and spillover effects of two matching grants schemes designed to promote firm-level research and development (R&D) investment in Chile on firm productivity.…
Jun 2018
Author(s): Stein, Ernesto H.; Cornick, Jorge; Fernández-Arias, Eduardo; Rivas, Gonzalo
Productive development policies (PDPs) are notoriously hard. They involve a daunting level of technical detail, require public-private collaboration, are in constant danger of capture, and demand…
May 2018
Author(s): Stein, Ernesto H.; Fernandez, Andres
We develop a methodology to construct real effective exchange rates that incorporate two distinctive elements not accounted for in the traditional measures: i) competition in third markets and ii)…
Dec 2017
Author(s): Fernández-Arias, Eduardo; Sabel, Charles; Stein, Ernesto H.; Trejos, Alberto
This paper summarizes the findings of the recent Inter-American Development Bank book Two to Tango: Public-Private Collaboration Productive Development Policies, based on case studies of 25…
Jun 2016
Author(s): Fernández-Arias, Eduardo; Sabel, Charles; Stein, Ernesto H.; Trejos, Alberto
It takes two to tango. Strong public-private collaboration is key for discovering and implementing effective productive development policies to bring out the best in existing economic activities and…
Mar 2016
Author(s): Cornick, Jorge; Fernández-Arias, Eduardo; Stein, Ernesto H.
This paper discusses the organizational structure and technical, operational and political capabilities required for successful productive development policies (PDPs). It also discusses how…
Sep 2014
Author(s): Agosin, Manuel R.; Fernández-Arias, Eduardo; Crespi, Gustavo; Maffioli, Alessandro; Rasteletti, Alejandro; Wagner, Rodrigo; Stein, Ernesto H.; Bassi, Marina; Rucci, Graciana; Urzúa, Sergio; Panizza, Ugo; de Olloqui, Fernando; Casaburi, Gabriel; Pietrobelli, Carlo; Blyde, Juan S.; Volpe Martincus, Christian; Cornick, Jorge; Trejos, Alberto
This synopsis reviews the analysis of market failures that lies behind the conceptual framework, a few highlights of its application in key areas such as innovation, and the institutional…
May 2013
Author(s): Caro, Lorena; Stein, Ernesto H.
This paper examines the impact of ideology on tax revenues in Latin America, using a panel of 17 countries from 1990 to 2010. As a first approach, a fixed- effects model is used to identify the…
Mar 2010
Author(s): Tommasi, Mariano; Scartascini, Carlos; Stein, Ernesto H.
The capacity to sustain policies over time and the capacity to adjust policies in the face of changing circumstances are two desirable properties of policymaking systems. The veto player approach has…
Jan 2010
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Tommasi, Mariano; Jones, Mark P.; Saiegh, Sebastián; Magaldi de Sousa, Mariana; Martínez-Gallardo, Cecilia; Zuvanic, Laura; Iacoviello, Mercedes; Rodríguez Gusta, Ana Laura; Monaldi, Francisco; Schneider, Ben Ross; Murillo, Maria Victoria; Schrank, Andrew; Hughes, Sallie
Over the past 30 years, democratic freedoms and competitive electoral processes have taken hold as never before in Latin America. How Democracy Works takes a detailed look, from an institutional…
Apr 2009
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Tommasi, Mariano
While economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their…
Jan 2009
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Abuelafia, Emmanuel; Berensztein, Sergio; Braun, Miguel; Di Gresia, Luciano; Alston, Lee J.; Melo, Marcus André; Mueller, Bernardo; Pereira, Carlos; Cárdenas, Mauricio; Mejía, Carolina; Olivera, Mauricio; Mejía Acosta, Andrés; Albornoz, Vicente; Araujo, María Caridad; Molinas, José R.; Pérez-Liñán, Aníbal; Carranza, Luis; Chávez, Jorge F.; Valderrama, José; Moraes, Juan Andrés; Chasquetti, Daniel; Bergara, Mario; Puente, José Manuel; Daza, Abelardo; Ríos, Germán; Rodríguez, Alesia; Hallerberg, Mark
This book presents a new framework for analyzing the political economy of budget processes in Latin America that is based on the following premises: i) the budget process must be considered as part…
Dec 2008
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Tommasi, Mariano
This paper introduces preliminary evidence from a cross-country database of policy characteristics and potential uses of that database. While most databases have emphasized either the content of…
Aug 2008
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Tommasi, Mariano
Veto player theory argues that a higher number of veto players lowers the likelihood of change; in turn, policies that do not change help to sustain commitments but may prevent adaptation to changing…
Jan 2008
Author(s): Spiller, Pablo T.; Stein, Ernesto H.; Tommasi, Mariano; Scartascini, Carlos; Alston, Lee J.; Melo, Marcus André; Mueller, Bernardo; Pereira, Carlos; Aninat, Cristóbal; Londregan, John; Navia, Patricio; Vial, Joaquín; Cárdenas, Mauricio; Junguito, Roberto; Pachón, Mónica; Mejía Acosta, Andrés; Araujo, María Caridad; Pérez-Liñán, Aníbal; Saiegh, Sebastián; Lehoucq, Fabrice; Negretto, Gabriel; Aparicio, Francisco Javier; Nacif, Benito; Benton, Allyson Lucinda; Molinas, José R.; Montero, Marcela; Monaldi, Francisco; González de Pacheco, Rosa Amelia; Obuchi, Richard; Penfold, Michael
What determines the capacity of countries to design, approve and implement effective public policies? To address this question, this book builds on the results of case studies of political…
Jan 2006
Author(s): Murillo, Maria Victoria; Schneider, Ben Ross; Iacoviello, Mercedes; Scartascini, Carlos; Monaldi, Francisco; Payne, J. Mark; Martínez-Gallardo, Cecilia; Stein, Ernesto H.; Echebarría, Koldo; Whitehead, Laurence; Mateo-Berganza Díaz, María Mercedes; Lora, Eduardo; Filc, Gabriel; Bergara, Mario; Saiegh, Sebastián; Magaldi de Sousa, Mariana; Navarro, Juan Carlos; Mercer-Blackman, Valerie; Pereyra, Andrés; Cárdenas, Mauricio; Tommasi, Mariano; Santiso, Javier; Hughes, Sallie; Zuvanic, Laura; Jones, Mark P.; Clavijo, Laura
This report examines the quality of public policies in Latin America and the Caribbean after more than a decade of political and economic reform. A wide variety of examples and case studies are…
Jan 2005
Author(s): Kiguel, Miguel A.; Levy Yeyati, Eduardo; Galindo, Arturo; Panizza, Ugo; Miller, Margaret; Rojas-Suárez, Liliana; Bebczuk, Ricardo N.; López-de-Silanes, Florencio; Bernal, Olver; Auerbach, Paula; Chong, Alberto E.; Mandalaoui, Carolina; Izquierdo, Alejandro; Kamil, Herman; Demaestri, Edgardo C.; Loboguerrero, Ana María; Cowan, Kevin; Rodríguez-Clare, Andrés; Fergusson, Leopoldo; Micco, Alejandro; Powell, Andrew; Suárez, Gustavo; Lora, Eduardo; Stein, Ernesto H.; Studart, Rogerio
Credit supplied by the banking sector is the most important funding source for firms and households in Latin America and the Caribbean. Unfortunately, credit is scarce, costly and volatile. Without…
Jan 2004
Author(s): Lora, Eduardo; Pagés, Carmen; Panizza, Ugo; Stein, Ernesto H.
The Research Department of the IDB (RES) performs innovative, comparative research on the development issues of greatest concern to the region today. It generates a wide variety of products based on…
Dec 2003
Author(s): Levy Yeyati, Eduardo; Stein, Ernesto H.; Daude, Christian
The role of regional integration agreements (RIAs) as a determinant of the location of Foreign Direct Investment (FDI) has become an increasingly relevant issue for emerging economies. While the…
Aug 2003
Author(s): Levy Yeyati, Eduardo; Stein, Ernesto H.; Daude, Christian
This presentation discusses the effects of the Free Trade Area of the Americas (FTAA) on foreign direct investment (FDI). In particular, the inflow of FDI from the United States and Canada towards…