World economy and international economic relations

Analysis of macroeconomic development of Latin American countries

Economic Annals-XXI

Economic Annals-ХХI: Volume 163, Issue 1-2, Pages: 41-43

Citation information:
Bychkova, L., Kuzmina, V., & Zhuravleva, E. (2017). Analysis of macroeconomic development of Latin American countries. Economic Annals-XXI, 163(1-2), 41-43. doi: https://doi.org/10.21003/ea.V163-08

View Full-TextDownload PDF

Larisa Bychkova
PhD (Economics),
Associated Professor,
Department of International Relations and Public Administration,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
lora-lora-b@ya.ru
ORCID ID: http://orcid.org/0000-0003-0640-8296

Violetta Kuzmina
PhD (History),
Associated Professor,
Department of International Relations and Public Administration,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
kuzmina-violetta@yandex.ru
ORCID ID: http://orcid.org/0000-0002-1867-7330

Elena Zhuravleva
PhD (Economics),
Associate Professor,
Department of International Relations and Public Administration,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
lena-jur@yandex.ru
ORCID ID: http://orcid.org/0000-0001-8607-9992

Analysis of macroeconomic development of Latin American countries

Abstract. To understand the current trends in the economic policy of Latin American countries, such as Mexico, Chile and Ecuador, the authors present and analyse selected economic indicators and statistical data. The authors have considered the changes in the main macroeconomic indicators of the countries with both the highest and the lowest level of economic development. The article contains a correlation analysis of the dependence of GDP of individual countries, such as Argentina, Brazil, Mexico, Ecuador, Paraguay and Bolivia, on the price of copper and oil. It is concluded that the economies of individual countries depend mainly from prices on raw materials which is to be gradually changed in order to reach socio-economic stabilisation in the region.

Keywords: Latin America; Argentina; Brazil; Mexico; Ecuador; Paraguay; Bolivia; Economy; Public Debt; Export-Import; GDP; Oil

JEL Classification: О54

DOI: https://doi.org/10.21003/ea.V163-08

References

  1. Davydov, V. M. (2016). Strategic partnership in the context of Russian-Latin American relations. Herald of the Russian Academy of Sciences, 86(4), 304-312 (in Russ.).
  2. Klochkovsky, L. L. (2014). Transnational capital and Latin America: Chile, Ecuador, Nicaragua, Mexico a new agenda. Latin America, 1 (in Russ.).
  3. Bychkova, L. V., Kuzmina V. M., & Pereverzev, A. V. (2016). Socio-Demographic Indicators of the Development of Chile, Venezuela and Brazil in the 2012-2015 Years. Proceedings of the Southwest State University. Economy. Sociology. Management, 20(3), 180-186.
    Retrieved from https://www.swsu.ru/izvestiya/serieseconom/archiv/3_2016.pdf (in Russ.)
  4. Petrov, K. E. (2009). Comparative identification of the model for the formation of the sustainable development index. System Research & Information Technologies, 1, 36-46 (in Russ.).
  5. Borio, C. (2012, December). The Financial and Macroeconomics: What We Learnt? BIS Working Papers No. 395.
    Retrieved from http://www.bis.org/publ/work395.pdf
  6. Bassett, W. F., Chosak, M. B., Driscoll, J. C., & Zakrajsek, E. (2014). Changes in Bank Lending Standards and the Macroeconomy. Journal of Monetary, 62, 23-40.
    doi: https://doi.org/10.1016/j.jmoneco.2013.12.005
  7. Chudik, A., Mohaddes, K., Pesaran, M. H., & Raissi, M. (2015). Is There a Debt-Threshold Effect on Output Growth? International Monetary Fund. Working Paper 15/197
    Retrieved from https://www.imf.org/external/pubs/ft/wp/2015/wp15197.pdf
  8. Baum, A., Checherita-Westphal, C., & Rother, P. (2013). Debt and Growth New Evidence for the Euro Area. Journal of International Money and Finance, 32, 809-821.
    doi: https://doi.org/10.1016/j.jimonfin.2012.07.004
  9. Bocola, L. (2016). The Pass-Through of Sovereign Risk. Journal of Political Economy, 124(4), 879-926.
    doi: https://doi.org/10.1086/686734
  10. Pincheira, P. M. (2014). Convergence and long-run uncertainty. Revista de Analisis Economico (Economic Analysis Review), 29(1), 17-52.
    Retrieved from http://www.rae-ear.org/index.php/rae/article/view/399/548
  11. Bohac, R. (2016). Cataracts of Globalization and the Economic Diplomacy of Small States. Economic Annals-ХХI, 159(5-6), 16-19.
    doi: https://doi.org/10.21003/ea.V159-03
  12. ECLAC/CEPAL (2015). Preliminary Overview of the Economies of Latin America and the Caribbean. United Nations Publications.
    Retrieved from http://repositorio.cepal.org/bitstream/handle/11362/39558/S1501387_es.pdf
  13. Yakovlev, P. (2017). What kind of changes faces Latin America? Latin America, 1, 5-22.
  14. Sanchez Lopez, F., & Cruz Marcelo, J. N. (2016). Economic Determinants of the Visitors Flow to Mexico. Revista de Analisis Economico, (Economic Analysis Review), 31(2), 3-36.
    Retrieved from http://www.rae-ear.org/index.php/rae/article/view/470 (in Spanish)
  15. Moreno-Brid, J. C., & Ros Bosch, J. (2010). Development and Growth in the Mexican Economy: A Historical Perspective. Mexico: Fondo de Economica (in Spanish).
  16. McKinsey & Company (2014). A Tale of Two Mexicos: Growth and Prosperity in a Two-Speed Economy. McKinsey Institute.
    Retrieved from http://www.mckinsey.com/global-themes/americas/a-tale-of-two-mexicos
  17. The World Bank (2014). Patent applications, residents.
    Retrieved from http://data.worldbank.org/indicator/IP.PAT.RESD
  18. Valdivieso Vega, C., Rosero Garces, R., & Maldonado, V. (2010). Cairo + 15, National Agenda for Civil Society Priorities 2009-2014: towards fulfilling Ecuador’s commitments to the Program of Action of the International Conference on Population and Development, Cairo 1994 – Quito UNFPAACDemocracy (in Spanish).
  19. Population Pyramids of the World from 1950 to 2100 (2017). Population pyramid: Mexico 2015.
    Retrieved from http://populationpyramid.net/mexico/2015
  20. Datosmacro (2016). Unemployment in Mexico.
    Retrieved from http://www.datosmacro.com/paro/mexico (in Spanish)
  21. Instituto Nacional de Informacion de Desarrollo (2017). Nicaragua statistical data.
    Retrieved from http://www.inide.gob.ni (in Spanish)
  22. UNFPA Nicaragua (2015). Nicaragua 2015 Programme Activities data.
    Retrieved from http://www.unfpa.org.ni/poblacion-en-nicaragua-2

Received 5.10.2016

View Full-TextDownload PDF
In, , , , , , , , , , , , , ,

More Papers