作者：LYONS, RK
作者单位：National Bureau of Economic Research
摘要：Three potentially complementary models are tested in an effort to capture the fundamentals that underlaid the market's determination of Peru's floating exchange rate through the period 1950-1954: the first is an expectational purchasing power parity (PPP) model which maintains that asset market forces were driving the exchange rate to its perceived PPP level; the second is a flexible-price monetary model; and the third is a model along the lines described by Tsiang (1957) which emphasizes worl...
作者：DEGREGORIO, J
摘要：This paper studies growth determinants in 12 Latin American countries during the period 1950-1985. In a growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. To a lesser extent, gr...
