Why is income inequality higher in Latin America than in East Asia? Is this phenomenon related to the region’s natural resource abundance? Is it a contributor to Latin America’s slow and narrowly focused human capital accumulation? If so, can anything be done to reverse the Latin American trends, or should we think of the region’s fate as unalterable? To help answer these questions, this paper ...


 Since the growing interest in study of dynamics tourism and its implications for economic growth, this paper explores Latin America Caribbean case. From regimes’ conception time series symbolization, we perform a cluster analysis posterior causality relationship estimation between growth performance 22 countries considering period 1995 2015. Results show existence two clusters with simil...

The authors address the issue of estimation and inference in dependent nonstationary panels of small cross-section dimensions. The main conclusion is that the best results are obtained applying bootstrap inference to single-equation estimators, such as fully modified ordinary least squares and dynamic ordinary least squares. Seemingly unrelated regression estimators perform badly, or are even u...

With the exception of existence, not much seems to be known of economies where individual preferences are affected by prices. We show that the main properties of competitive equilibria that fall under the general heading of qualitative comparative statics remain true when preferences are price dependent, provided that the total resources are allowed to vary in the parameter space. The equilibri...

This paper studies an overlapping generations model with selfish agents, natural resources and human capital externalities. The initial result is to quantify the economic effects of intergenerational transfers by comparing a complete markets allocation with transfers to an allocation without transfers due to incomplete markets. The core contribution is then to show that a higher resource regene...

With the exception of existence, not much is known of economies where individual preferences may depend on prices. We show that the main properties of competitive equilibria that fall under the general heading of qualitative comparative statics remain true when preferences are price dependent, provided that the total resources are allowed to vary in the parameter space. The equilibrium set is a...

Increased public awareness of resource management issues and new attitudes toward resource conservation have led to great interest in the subject of the apposite use and management of natural and environmental resources in the American West. This paper analyzes this subject from an interdisciplinary ecological-economic perspective. Four salient issues concerning the study of the West’s ecologic...

Abstract[1] Natural resources as a source of wealth can increase prosperity or impede economic growth.  Empirical studies with different specifications and data are also mixed on whether natural resources are curse or blessing. In fact, the variety of model specifications, measurements, and samples in the empirical literature makes it difficult to generalize the results. In this study, a growth...

The high pace of economic growth has posed many challenges. These challenges include depletion natural resources, globalization challenges, and environmental degradation. Middle East North Africa (MENA) economies are rich in mineral resources. Economic put the MENA countries spotlight for developed world. Despite status being a hotspot resource richness, there is limited research on effect reso...