Trend-cycle decomposition for Peruvian GDP: application of an alternative method | Latin American Economic Review
Perron and Wada (J Monet Econ 56:749–765, 2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non-linearities and asymmetries in cycles. The method assumes that output can be
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Time goes by so slowly (for those who wait): a field experiment in health care | Latin American Economic Review
Sofía Garrido & Emilio Gutiérrez exploit a unique field experiment to recover the willingness to pay (WTP) for shorter waiting times at a cataract detection clinic in Mexico City, and compare the results with those obtained through a hypothetical dichotomous choice questionnaire. The WTP to avoid a minute of wait obtained from the field experiment ranges from 0.59
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The dynamic linkage between renewable energy, tourism, CO2 emissions, economic growth, foreign direct investment, and trade | Latin American Economic Review
Because of the lack of econometric studies in relevance to the link between tourism and renewable energy, the goal of this study written by Mehdi Ben Jebli, Slim Ben Youssef & Nicholas Apergis, is to remedy this lack and to explore the causal relationships between renewable energy consumption, the number of tourist arrivals, the trade openness ratio, economic growth,
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Pass-through and competition: the impact of soft drink taxes as seen through Mexican supermarkets | Latin American Economic Review
In January 2014, Mexico addressed its epidemic of obesity by implementing an excise tax of 1 peso (1 MXN) per liter on soft drinks. This study evaluates the pass-through of the tax, the influence on the tax of competition among different stores, and the after-tax price dispersion. Using an unbalanced panel of weekly prices for
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Delineating functional territories from outer space | Latin American Economic Review
The delimitation of functional spatial units or functional territories is an important topic in regional science and economic geography, since the empirical verification of many causal relationships is affected by the size and shape of these areas. This paper, written by Julio A. Berdegué, Tatiana Hiller, Juan Mauricio Ramírez, Santiago Satizábal, Isidro Soloaga, Juan Soto, Miguel Uribe & Olga Vargas , proposes a two-step
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The impact of competition with China in the US market on innovation in Mexican manufacturing firms | Latin American Economic Review
Using data from 6378 Mexican firms for the 2012–2013 period, this paper estimates the effect of competition with China for the US market on the innovation efforts of the Mexican manufacturing sector. After controlling for the influence of several variables, we find a U-curve shaped relationship between foreign competition (measured by the China effect) and
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An analysis of economic incentives to encourage organ donation: evidence from Chile | Latin American Economic Review
Marcela Parada-Contzen & Felipe Vásquez-Lavín perform a cost–benefit analysis on the introduction of monetary incentives for living kidney donations by estimating the compensation that would make an individual indifferent between donating and not donating a kidney while alive using Chilean data. We find that monetary incentives of US$12,000 save US$38,000 to health care system per donor and
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Skills versus Luck: Bolivia and its recent Bonanza | Latin American Economic Review
This paper uses different approaches to determine the contribution of internal policies and external factors on the good performance of the Bolivian economy in the recent past. It is demonstrated that the extremely favorable external conditions are mainly responsible for its bonanza, and that the domestic policies have, probably, caused more harm, than good. The
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