Numerous studies show that female politicians on the whole are associated with less corruption than male ones. But Ugo Troiano and I were able to demonstrate the phenomenon with convincing evidence in a published study comparing male and female mayors in Brazil. We found that female mayors were not only less likely to engage in administrative irregularities and patronage, like … [Read more...] about Are Female Politicians More Honest than Male Politicians?
Boosting Growth in Latin America and the Caribbean
Growth in Latin America and the Caribbean has been disappointing. For commodity exporters, the exceptional 2002-2012 boom boosted investment and relaxed fiscal constraints, but many countries made little progress on improving underlying productivity and their medium-term growth potential. In other countries, particularly some in the Caribbean and Central America, negative … [Read more...] about Boosting Growth in Latin America and the Caribbean
New National Parks Can Help Latin America Tackle its Drought Problem
The last few months have been big ones for conservation in Latin America. New and expanded national parks covering millions of hectares have been created, encompassing everything from the towering tepuis and ancient rock art of Colombia's Amazon to the lowland rivers of the Peruvian Amazon and the temperate rain forests of Chile's Patagonia. It couldn't come soon enough. … [Read more...] about New National Parks Can Help Latin America Tackle its Drought Problem
Minimum Wages and the Fight Against Inequality
Many policymakers say minimum wage hikes are crucial to reducing inequality. They look at Latin America and see abundant evidence, including the fact that in various countries large minimum wage increases during the commodity boom of the 2000s coincided with large inequality declines. There is certainly some truth to the idea. Minimum wage increases during times of strong … [Read more...] about Minimum Wages and the Fight Against Inequality
A New Look at Real Exchange Rates
The real exchange rate — or the cost of a country’s goods relative to foreign goods — has long been a fundamental measure of the strength of a nation's importers and exporters. Among important commodity exporters in Latin America, it is closely tied to the price of commodities. But commodity prices aren't only essential for Latin American trade. Given their critical role as … [Read more...] about A New Look at Real Exchange Rates