Search

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 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]