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1. Inflationary memory as restrictive factor of the impact of the public expense in the economic growth: lessons from high inflation Latin American countries using an innovative inflationary memory indicator

Author:
Ernesto Sheriff
Publication Date:
08-2010
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
A new inflationary memory indicator was developed and applied here. A panel was built with the selected countries considering the economic growth as dependent variable in function of the convergence hypothesis, the inflation rate, the public expense and, the recursive variance of the inflation (VARINF) as inflationary memory indicator. The expected results of the panel were that the inflation and their variability affect the growth negatively neutralizing the possible effects that it could have the public expense on the same one. Five Latin American countries with experiences of high inflation were included (Argentina, Brazil, Bolivia, Peru and Nicaragua).
Topic:
Economy, Economic Growth, Inflation, and Public Spending
Political Geography:
Brazil, Argentina, Latin America, Nicaragua, Peru, and Bolivia

2. The Static and Dynamic Benefits of Migration and Remittances in Nicaragua

Author:
Lykke E. Andersen and Bent Jesper Christensen
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
This paper utilizes a unique three-wave panel of household data from Nicaragua, which allows a thorough exploration of the relationships between migration, remittances and household consumption. The paper distinguishes between the effects of emigration and the impacts of remittances received. There is a self-selection bias in the decision to send a migrant, as well as in the decision to receive remittances. To adequately correct for these selection biases, we develop a bivariate selection correction procedure. Perhaps surprisingly, the results show that households do not benefit (in terms of higher consumption growth) from receiving remittances, but rather from having migrants abroad. This suggests that not only money are remitted from abroad, but also something more subtle, which could be business ideas, belief systems, aspirations, patterns of social interaction, and other intangibles, which have been dubbed social remittances.
Topic:
Development, Migration, Economy, and Remittances
Political Geography:
Central America and Nicaragua

3. The Impact of Aid on Recipient Behavior: A Micro-Level Dynamic Analysis of Remittances, Schooling, Work, Consumption, Investment and Social Mobility in Nicaragua

Author:
Lykke E. Andersen, Bent Jesper Christensen, and Oscar Molina Tejerina
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
Remittances are a very important source of income for many Nicaraguan families. More than 40% of all households receive remittances that on average amount to 12-15% of total household income in these households. More than 30% of these households receive remittances at least monthly, implying that it is a relatively stable source of income. This paper shows that remittances do tend to reduce the vulnerability of households and increase their upward social mobility, at least as long as the households do not depend too heavily on remittances. However, remittances also cause moral hazard problems. Nicaraguans tend to reduce their labor supply in response to more remittances, and they also tend to reduce their savings rates, both of which are detrimental to long run economic growth.
Topic:
Foreign Aid, Investment, Behavior, Remittances, and Social Mobility
Political Geography:
Central America and Nicaragua

4. What Makes a Difference in Achieving Higher Labor Productivity? The Case of Low-Income Countries in Latin America

Author:
Osvaldo Nina
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
This paper uses firm level surveys from Ecuador, Guatemala, Honduras and Nicaragua to estimate the determinants of labor productivity. This study started out with the hypothesis that the adverse external business conditions that firms in poor Latin American countries face, may be an important explication of the generally low levels of productivity. However, the empirical results, based on the survey of more than 1300 businesses, do not confirm this hypothesis. Compared to all the variables that are under the firms control, such as capital intensity, energy use, and worker skills, the external business environment (macroeconomic instability and labor regulations) has very little impact on productivity.
Topic:
Development, Economics, Labor Issues, Productivity, and Income
Political Geography:
Latin America, Nicaragua, Honduras, Guatemala, and Ecuador

5. Population and Poverty Projections for Nicaragua 1995 - 2015

Author:
Lykke E. Andersen
Publication Date:
06-2003
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
The overall purpose of this project is to make detailed population and poverty projections that take into account expected demographic changes (in terms of fertility, mortality, migration, and education) as well as differentials in social mobility by household type. Such projections could be useful for a variety of purposes ranging from assessment of necessary social investments (education facilities, health facilities, pension systems, etc), projections of the size of the working age population who will demand jobs, targeting of poverty alleviation policies, projections of migration flows, to negotiations with external donors and creditors.
Topic:
Demographics, Development, Migration, Poverty, Population, and Social Mobility
Political Geography:
Central America and Nicaragua