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This paper identifies the similarities and differences among Latin American structuralism, dependency theory, and Thorstein Veblen's Imperial Germany (1915), exploring the connection on such as aspects as path dependency, technology, and economic policy. Imperial Germany is similar to many of the principal policy recommendations espoused by the structuralists and dependency theorists. Nevertheless, structuralism is closer to the ideas of the institutionalists and Veblen himself. In conclusions, the structuralists and Veblen's version in Imperial Germany agree that an industrial policy ought to be guided by the government, even though Veblen and the institutionalists clearly see social change through technological improvement, which is missing from structuralism. [ABSTRACT FROM AUTHOR]

Against the backdrop of trade liberalization, economies in Latin America have endeavored to capitalize on their comparative advantages and join global production processes; despite the fact that industrial exports have grown, however, they have had only a modest impact in terms of boosting the product in Latin American economies. The objective of this paper is to determine the influence of industrial exports on the product in six Latin American countries, using the input-output model and the network theory. The hypothesis sets out to prove that out of an economy's total transactions, the spillover effects from the industrial sector exports in each country are more diversified the more the country trades with the United States, even if these effects are weak, due to the low structural articulation in each of them. [ABSTRACT FROM AUTHOR]

In the universe of literature on franchises, several studies have examined the impact of franchising on economic growth, tending to focus on growth rather than development, although the empirical research has already concluded that franchising does have an influence on economic growth. Likewise, some articles have underscored the importance and influence of franchising on development, but have failed to provide empirical proof of its true sway. With that in mind, this paper provides empirical evidence demonstrating the relationship between franchising and development. [ABSTRACT FROM AUTHOR]

The basic premise of this paper is that the problem in the agency-social structure or subject-social structure relationship is crucial for understanding the present stage of take-off in the new phase of development or capitalism of knowledge following the recent global crisis of 2007-2009. This expresses the contradiction between neoliberalism, as a political-ideological projection, and a new technological-productive base, as well as the question of differentiation between developed "successful" countries and those that are "backward". Institutionalism and Gramsci's Marxism have offered solutions to the agency-structure dichotomy through very different theoretical approaches, the first seeking to explain the issue of differentiation between countries. Aspects of an alternative explanation are provided here through the Gramscian solution. [ABSTRACT FROM AUTHOR]

The paper examines the relationship between the performance of Latin American stock markets with their real economies, applying seven econometric models for the cases of Argentina, Brazil, Chile and Mexico. The relationship between stock market yields in these countries and their respective GDPS is examined and compared, applying to the series for each country unit root tests, cointegration analysis, error correction model analysis, Granger causality modeling, self-regression vector analysis, stimulus and response functions, and variance decomposition analysis. The series comprise the following stock markets: Argentina's MERVAL, Brazil's BOVESPA, Chile's IGPA, and Mexico's IPC, as compiled by Economática. The GDP series were obtained from the Cepalstat data base. The series are monthly and are for the period 1993-2005. [ABSTRACT FROM AUTHOR]

This paper uses the Luxembourg Income Study (LIS) to analyze the dimension of the middle class in various Latin American countries. One of its major findings is that during the first decade of this century, the size of the middle class in Latin America did not appear to depend on demographic factors. A second finding is that, in contrast with the majority of developed countries, government income and expenditure policies had little influence on increasing the size of the middle class in the Latin American countries in the sample. Finally, as in the developed world, labor market factors have little influence on the size of the middle class in Latin America, the main exceptions being Brazil and Mexico, where employment seems to increase the size of the middle class. [ABSTRACT FROM AUTHOR]