Impact of the global crisis on the achievement of the MDGs in Latin America
AbstractProgress 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.
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Bibliographic InfoPaper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 74.
Length: 13 pages
Date of creation: Jun 2009
Date of revision:
computable general equilibrium models; distribution; welfare and poverty; foreign aid; macroeconomic analyses of economic development;
Find related papers by 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, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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- Ziesemer, Thomas, 2010. "The Impact of the Credit Crisis on Poor Developing Countries and the Role of China in Pulling and Crowding Us Out," MERIT Working Papers 004, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Ziesemer, Thomas, 2009.
"The Impact of the Credit Crisis on Poor Developing Countries: Growth, worker remittances, accumulation and migration,"
MERIT Working Papers
026, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- 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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