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The international trade is one of the classic areas of study in economics. Nowadays, given the availability of data, the tools used for the analysis can be complemented and enriched with new methodologies and techniques that go beyond the... more
The international trade is one of the classic areas of study in economics. Nowadays, given the availability of data, the tools used for the analysis can be complemented and enriched with new methodologies and techniques that go beyond the traditional approach. The present paper shows the application of the Latent Dirichlet Allocation Models, a well known technique from the area of Natural Language Processing, to search for latent dimensions in the product space of international trade, and their distribution across countries over time. We apply this technique to a dataset of countries' exports of goods from 1962 to 2016. The findings show the possibility to generate higher level classifications of goods based on the empirical evidence, and also allow to study the distribution of those classifications within countries. The latter show interesting insights about countries' trade specialisation.
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Since the late 1990s Latin American countries have increasingly relied on rules-oriented mechanisms to adjudicate regional trade disputes. Yet a significant number of controversies continue to be managed and settled through political... more
Since the late 1990s Latin American countries have increasingly relied on rules-oriented mechanisms to adjudicate regional trade disputes. Yet a significant number of controversies continue to be managed and settled through political bargaining and dipl.
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Research Interests:
International trade is one of the classic areas of study in economics. Its empirical analysis is a complex problem, given the amount of products, countries and years. Nowadays, given the availability of data, the tools used for the... more
International trade is one of the classic areas of study in economics. Its empirical analysis is a complex problem, given the amount of products, countries and years. Nowadays, given the availability of data, the tools used for the analysis can be complemented and enriched with new methodologies and techniques that go beyond the traditional approach. This new possibility opens a research gap, as new, data-driven, ways of understanding international trade, can help our understanding of the underlying phenomena. The present paper shows the application of the Latent Dirichlet allocation model, a well known technique in the area of Natural Language Processing, to search for latent dimensions in the product space of international trade, and their distribution across countries over time. We apply this technique to a dataset of countries’ exports of goods from 1962 to 2016. The results show that this technique can encode the main specialisation patterns of international trade. On the count...
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Research Interests:
La llamada “cooperacion Sur-Sur” (CSS) puede ser clave para fortalecer tanto la integracion entre los paises en vias de desarrollo (PED) como su integracion en la economia mundial y vinculos interregionales. El objetivo principal de este... more
La llamada “cooperacion Sur-Sur” (CSS) puede ser clave para fortalecer tanto la integracion entre los paises en vias de desarrollo (PED) como su integracion en la economia mundial y vinculos interregionales. El objetivo principal de este trabajo es analizar y explorar el potencial de la CSS entre los paises de America Latina y el Caribe (ALC) y Africa, considerando que la CSS puede ayudar a reforzar la integracion general entre los PED, mejorando, a su vez, la “calidad” de su crecimiento, haciendolo mas equitativo e incluyente. En este trabajo, luego de resumir brevemente el marco teorico de CSS, analizamos la interdependencia y las potencialidades de integracion y cooperacion entre las dos regiones estudiando el comercio interregional (bienes y servicios) y la inversion extranjera directa (IED). Aunque los grandes flujos comerciales o de inversion no reflejen necesariamente un alto nivel de cooperacion, creemos que pueden servir como una de las bases para desarrollar e implementar ...
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Research Interests:
PurposeThis paper aims to offer an analysis of the market structure in the mobile telephony market in Latin America and its impact on its development. Given the importance of mobile services as a mean of ICT access to low income groups,... more
PurposeThis paper aims to offer an analysis of the market structure in the mobile telephony market in Latin America and its impact on its development. Given the importance of mobile services as a mean of ICT access to low income groups, the objective behind this analysis is to understand how the trend in market structure may impact the use of mobiles by low‐income sectors of the population in Latin America.Design/methodology/approachThe paper analyses the process of consolidation that the region experiences today in the mobile market and identifies the effect this concentration has had on mobile welfare indicators such as penetration. It examines the links between variables associated with market concentration and known to influence mobile penetration such as tariffs, pricing strategies and spectrum allocation.FindingsThe results do not identify a strong association between market concentrations and pricing, which appears to contradict standard textbook reasoning. However, there app...
Research Interests: Business, Information Systems, Information Technology, Market Structure, Competitive strategy, and 12 moreLatin America, Mobile telephony, Info, Latin American, Design Methodology, Empirical Study, Mobile service, Spectrum, Market Concentration, Regulatory Policy, Low Income, and Mobile Communication System
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Los primeros años del siglo XXI mostraron un gran dinamismo en el mapa de actores financieros multilaterales, especialmente de iniciativas sureñas frente al debilitamiento de los actores financieros tradicionales. América del Sur formó... more
Los primeros años del siglo XXI mostraron un gran dinamismo en el mapa de actores financieros multilaterales, especialmente de iniciativas sureñas frente al debilitamiento de los actores financieros tradicionales. América del Sur formó parte de una vanguardia en esa agenda promoviendo, entre otras iniciativas, la creación de un nuevo banco regional de desarrollo: el Banco del Sur. Nuestro análisis caracteriza esa iniciativa describiendo y entendiendo sus limitaciones endógenas y exógenas que frenaron su puesta en marcha y poniendo énfasis en las características de su diseño, comparándolo luego tanto con los bancos consolidados que financian la región suramericana (BID y CAF) como con experiencias simultáneas que sí avanzaron (AIIB y NDB). Encontramos en su diseño una estructura de gobernanza más innovadora -sustentada en una legitimidad política que se fue debilitando en la región- pero que además convive con restricciones tradicionales del modelo financiero de este tipo de instituc...
Los primeros años del siglo XXI mostraron un gran dinamismo en el mapa de actores financieros multilaterales, especialmente de iniciativas sureñas frente al debilitamiento de los actores financieros tradicionales. América del Sur formó... more
Los primeros años del siglo XXI mostraron un gran dinamismo en el mapa de actores financieros multilaterales, especialmente de iniciativas sureñas frente al debilitamiento de los actores financieros tradicionales. América del Sur formó parte de una vanguardia en esa agenda promoviendo, entre otras iniciativas, la creación de un nuevo banco regional de desarrollo: el Banco del Sur. Nuestro análisis caracteriza esa iniciativa describiendo y entendiendo sus limitaciones endógenas y exógenas que frenaron su puesta en marcha y poniendo énfasis en las características de su diseño, comparándolo luego tanto con los bancos consolidados que financian la región suramericana (BID y CAF) como con experiencias simultáneas que sí avanzaron (AIIB y NDB). Encontramos en su diseño una estructura de gobernanza más innovadora -sustentada en una legitimidad política que se fue debilitando en la región- pero que además convive con restricciones tradicionales del modelo financiero de este tipo de instituc...
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Este trabajo analiza de manera comparada los diferentes indicadores de esfuerzo y resultados de los sistemas nacionales de innovacion argentino y brasileno durante el periodo 2003- 2015 en base a datos del sistema y otros provenientes de... more
Este trabajo analiza de manera comparada los diferentes indicadores de esfuerzo y resultados de los sistemas nacionales de innovacion argentino y brasileno durante el periodo 2003- 2015 en base a datos del sistema y otros provenientes de encuestas nacionales de innovacion. Utilizando como marco el rol de la acumulacion de capacidades sobre la transformacion productiva, se intenta establecer el punto de partida como insumo clave para un proyecto de cooperacion que busque el cambio estructural necesario para lograr el desarrollo inclusivo en los paises estudiados
International trade is one of the classic areas of study in economics. Its empirical analysis is a complex problem, given the amount of products, countries and years. Nowadays, given the availability of data, the tools used for the... more
International trade is one of the classic areas of study in economics. Its empirical analysis is a complex problem, given the amount of products, countries and years. Nowadays, given the availability of data, the tools used for the analysis can be complemented and enriched with new methodologies and techniques that go beyond the traditional approach. This new possibility opens a research gap, as new, data-driven, ways of understanding international trade, can help our understanding of the underlying phenomena. The present paper shows the application of the Latent Dirichlet allocation model, a well known technique in the area of Natural Language Processing, to search for latent dimensions in the product space of international trade, and their distribution across countries over time. We apply this technique to a dataset of countries' exports of goods from 1962 to 2016. The results show that this technique can encode the main specialisation patterns of international trade. On the c...
Research Interests:
Using regional gross product data for Argentina and Brazil over the period 19612000, we find that business cycle synchronization within countries is substantially larger than across them. Factors such as monetary policy and large... more
Using regional gross product data for Argentina and Brazil over the period 19612000, we find that business cycle synchronization within countries is substantially larger than across them. Factors such as monetary policy and large country-specific shocks play ...
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Given their attractiveness as a source of financing for the least developed countries, multilateral development banks (MDBs) have grown in quantity and size supported by their sources of financing. We believe that this ‘resource... more
Given their attractiveness as a source of financing for the least developed countries, multilateral development banks (MDBs) have grown in quantity and size supported by their sources of financing. We believe that this ‘resource dependency’ has not been sufficiently questioned in the literature, especially regarding the credit exposure these organizations have with their largest borrowing members. This article characterizes and identifies the differential effects of the three sources that make up the dependence on resources in the MDBs: capital contributions, leverage in the markets and their credit function. We analysed these sources particularly at the International Development Bank (IBRD), the Inter-American Development Bank (IDB) and the African Development Bank (AfDB) and in two recent events: the risk exchange implemented by the referred MDBs in 2015 and the effect of the Argentina’s selective default on the IDB’s capital adequacy (2014). We find an increasing relevance of lev...
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ABSTRACT
El trabajo analiza el impacto potencial de algunas medidas de mitigación del cambio climático actualmente en consideración o vigentes en los países industrializados, sobre las exportaciones de América Latina. En una primera sección el... more
El trabajo analiza el impacto potencial de algunas medidas de mitigación del cambio climático actualmente en consideración o vigentes en los países industrializados, sobre las exportaciones de América Latina. En una primera sección el trabajo presenta distintos instrumentos económicos para promover la mitigación y revisa ios conflictos potenciales que su utilización podría plantear con las reglas que rigen el sistema de comercio internacional. En una segunda sección se hace una revisión del estado de las negociaciones multilaterales y de algunas iniciativas de políticas de mitigación (en aplicación o en consideración) tanto en Estados Unidos como en la Unión Europea. En la tercera sección se evalúa el impacto potencial de algunas de estas medidas sobre las exportaciones de los países de la región, en particular las medidas de ajuste en frontera y la aplicación de estándares y normas técnicas, tanto obligatorias como voluntarias. Cierra el trabajo una breve sección de conclusiones qu...
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Summary In this paper we investigate the different patterns of EU trade in non-food (nor oil-related) manufactures. Our period (1978-1999) covers key events in EU integration history: the SMP implementation and three of its enlargements.... more
Summary In this paper we investigate the different patterns of EU trade in non-food (nor oil-related) manufactures. Our period (1978-1999) covers key events in EU integration history: the SMP implementation and three of its enlargements. We examine seven manufacturing sectors separately (viz. textiles, wood, paper, chemicals, non-metals, basic metals, and metals). Our sectoral gravity model (estimated by a two-stage 'within' effects procedure), suggests that, while SMP policies have stimulated trade within the steel industry, their success has been limited on construction products, metals and textiles. Finally, the significant intra-Iberian trade increase in five sectors may be partly explained by the large SMP-led cohesiveness stimulus.