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Volume 2024, Issue 143, 2024
Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of reforms and transfer of technology. Written in English and Spanish (Revista De La Cepal), each tri-annual issue brings you approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
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Economic development in Colombia since the early twentieth century
More LessThis article analyses Colombia’s economic growth performance since the early twentieth century, the evolution of the public policies that have contributed to this and its main effects on social development and regional inequalities. Economic performance is divided into three periods: 1905–1929, 1930–1980 and 1981–2023. The first was characterized by the expansion of coffee production, an infrastructure investment boom Read More
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The Amazon region at the heart of the Brazilian economys commodity-export model: The case of the State of Pará
More LessThe Brazilian economy has undergone far-reaching changes, related especially to the loss of industrial capacity as deindustrialization has spread and commodity-export production has expanded. The Brazilian Amazon region forms part of the expansionary logic of the agro-industry and mining sectors. This article analyses the economic reproduction model of one of the main federative units located in that region, the State of Pa Read More
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On tragedy and hope: Homo economicus, the invisible hand and reality
More LessThis article classifies goods according to their technical characteristics of rivalry and excludability, with the inclusion of new categories ranging from zero rivalry to infinite rivalry and from excludability to imposed access. The conceptual framework reveals concrete challenges in meeting the conditions of the first theorem of welfare economics, demonstrating that only private goods are the epitome of market theory, with an i Read More
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The nexus between outward foreign direct investment and exports: Evidence from developing countries
More LessThis research analyses how outward foreign direct investment (OFDI) by emerging nations affects the investing countries’ exports, examining the diversity in this relationship by categorizing developing nations by income (low-income, lower-middle-income and upper-middle-income) and by region (Africa, Asia and the Pacific and Latin America and the Caribbean). The research uses fixed and random effects on unbalanced d Read More
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Sustainability and development in the municipalities of the State of Paraná: Mapping and analysis using the sustainable city development index of Brazil (IDSC-BR)
More LessIn consideration of the importance that the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development have acquired in the economic, social and environmental spheres, this article uses the sustainable city development index of Brazil (IDSC-BR) methodology to map SDG attainment in the 399 municipalities of Paraná. The main findings reveal that the municipalities with the lowes Read More
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Determinants of inward foreign direct investment in Colombia: An empirical analysis
More LessThis research delves into the determinants of inward foreign direct investment (FDI) in Colombia in the context of the economic integration promoted by recent governments. Colombia’s trade liberalization has sought not only to boost trade flows but also to make the country more attractive to FDI in a framework of fiscal discipline and a stable economic environment conducive to economic growth, albeit characteri Read More
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Smart diversification strategies differentiated by countries complexity
More LessThis paper evaluates production diversification trajectories and proposes an empirical rule for diversification in pursuit of increased economic complexity. It concludes that the growth gains from complexity are greatest in the early stages of economic development. Less complex countries, having limited productive capabilities, diversify into products that are relatively uncomplex and similar to their existing production struct Read More
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Does the decision to participate in the labour market affect peoples subjective well-being?
More LessThis article provides evidence regarding the potential effect of labour participation on life satisfaction. To take into account possible endogeneity in the decision to participate in the labour market, a two-stage least squares estimation is carried out. Hence, an excluded instrument is used for the decision to participate, where the existence of a weak instrument is rejected. Then, to take into account the ordinal nature of the depen Read More
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External debt and exchange-rate misalignment in Brazilian firms: Developments and risks from 2000 to 2018
More LessThis article investigates the effects of exchange-rate misalignment on the earnings of 201 Brazilian non-financial listed companies over the period 2010–2018. A measure of exchange-rate misalignment was constructed by compiling information on the value of currency derivative contracts and generating a new database. The results indicate that exchange-rate devaluation has a negative differential effect for firms that have bor Read More
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Support for technological innovation in the Brazilian machinery and equipment sector since the 2000s: Analysis based on the Innovation Survey (PINTEC)
More LessThis article analyses how technological innovation has evolved in the machinery and equipment sector in Brazil, comparing innovation by firms that benefited from government schemes to support innovation versus those that did not. The data used were from six editions of the Innovation Survey (PINTEC) and a special tabulation prepared by the Brazilian Institute of Geography and Statistics (IBGE). The results indicate that the ind Read More
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Guidelines for contributors to the CEPAL Review
More LessIn order to facilitate the submission, consideration and publication of articles, the editorial board of the CEPAL Review has prepared the following information and suggestions to serve as a guide for future contributors.
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