2015

Working Paper- Link (Spanish) - 2015

Public investment is a fundamental tool for the economies of Latin American and Caribbean countries. Therefore, it is essential to allocate limited public resources appropriately with transparent criteria and sound methodologies. This document summarizes general and sectoral methodologies used by countries in the region for social project assessments. The goal is to foster cooperation and technical support among the members of the National Public Investment Systems (SNIP) network.

Working Paper- Link (Spanish) - 2015

The National Public Investment Systems (SNIP) in Latin America has made significant progress in recent years, with more projects evaluated and higher unit costs approved. However, there are still areas for improvement, such as strengthening institutional frameworks, increasing access to information for civil society, expanding the use of social pricing in project evaluation, and providing continuous training for human capital. These findings, presented in this document, come from a 2014 survey of members of the SNIP Network, created in 2010 to strengthen these organizations through the exchange of experiences and cooperation.

Journal Article - Link (English) - 2015

The role of China in the world economy has grown substantially in recent decades, turning it into a strategic trading partner for much of Latin America (bilateral trade totaled US$120 billion in 2009). This article analyzes the income elasticity of the region’s exports to China. The findings show that assuming a GDP growth in China of about 7% per year, the value of Latin American exports to China (at 2005 prices) can be expected to increase by an average of 10% per year between 2014 and 2019. In a more conservative scenario of 4.5% average annual growth in the Chinese economy, exports would rise by about 7% per year.

Book Chapter - Link (Spanish) - 2015

This chapter synthesizes the connections between price and volume index numbers and microeconomic theory, along with the recommended formulas for international measurements. It starts with a simple example and then progresses to more complex analyses.

Working Paper - Link (Spanish) - 2015

In the past decade, the production of gas and oil from shale formations has grown exponentially in the United States, a development that began in the 1970s due to energy bottlenecks. Although the price increases in the 2000s incentivized companies to invest in previously unprofitable resources, this explanation overlooks the crucial collaboration between the public sector, private sector, universities, and research centers. The public sector initiated the advances that enabled the development of extraction methods such as horizontal drilling and hydraulic fracturing. This work explores the links between these actors, highlighting their role in the long-term success of the shale revolution.