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Impact of the global crisis on the achievement of the MDGs in Latin America

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  • Rob Vos
  • Marco V. Sánchez

Abstract

Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. This study applies an economy-wide framework to analyze the impact of the crisis on MDG achievement in six Latin American countries. It finds significant setbacks towards the goals and, in the case of the region’s low-income countries, the cost of achieving these would rise between 1.6 and 3.4 per cent of GDP per year between 2010 and 2015 as compared with a no-crisis scenario. The additional public spending would contribute to economic growth though not sufficiently for full recovery to pre-crisis growth.

Suggested Citation

  • Rob Vos & Marco V. Sánchez, 2009. "Impact of the global crisis on the achievement of the MDGs in Latin America," Working Papers 74, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:74
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    File URL: http://www.un.org/esa/desa/papers/2009/wp74_2009.pdf
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    References listed on IDEAS

    as
    1. Hopkins, Michael & Van der Hoeven, Rolph, 1982. "Policy analysis in a socioeconomic model of basic needs applied to four countries," Journal of Policy Modeling, Elsevier, vol. 4(3), pages 425-455, November.
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    Cited by:

    1. Ziesemer, Thomas H.W., 2010. "The impact of the credit crisis on poor developing countries: Growth, worker remittances, accumulation and migration," Economic Modelling, Elsevier, vol. 27(5), pages 1230-1245, September.

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    More about this item

    Keywords

    computable general equilibrium models; distribution; welfare and poverty; foreign aid; macroeconomic analyses of economic development;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D3 - Microeconomics - - Distribution
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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