This paper presents the 2024 update of the Trade Vulnerability Index (TVI), developed by the Center for Development Studies (CED), as a tool for comparing the international integration of Latin American countries. Findings show that Mercosur remains…
The finite nature of certain fossil fuels, which are essential inputs in production, imposes a substantial constraint on the economy's long-term growth potential. This paper develops an endogenous directed technical change model under uncertainty…