Growth and Institutions in Latin America: A pooled and cross-time series analysis (1951-1999)
AbstractThe main objective of this paper is to develop a growth-model for Latin American countries that incorporates not only the usual economic variables, such as investment, human capital, government expenditure and trade, but also variables that can be used as proxies of institutions for these countries, covering the period of the second half of the twentieth century. The emphasis is more oriented to empirical issues rather than theoretical ones. El principal objetivo de este artículo es desarrollar un modelo de crecimiento para los países de América Latina, que no sólo incorpora las variables usuales, como la inversión, el capital humano, gasto público y comercio, sin que además, las variables puedan ser usadas como proxy de las instituciones para estos países, cubriendo el periodo de la segunda mitad del siglo XX. El énfasis está orientado a cuestiones empíricas antes que teóricas.
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Bibliographic InfoArticle provided by UNIVERSIDAD DEL NORTE in its journal Revista de Economía del Caribe.
Volume (Year): (2008)
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- Ugo Panizza & Alejandro Gaviria & Ernesto H. Stein & Jessica Seddon Wallack, 2000.
"Political Institutions and Growth Collapses,"
Research Department Publications
4207, Inter-American Development Bank, Research Department.
- Knack, Steve, 1996. " Institutions and the Convergence Hypothesis: The Cross-National Evidence," Public Choice, Springer, vol. 87(3-4), pages 207-28, June.
- Barro, Robert J, 1996. " Democracy and Growth," Journal of Economic Growth, Springer, vol. 1(1), pages 1-27, March.
- Tavares, Jose & Wacziarg, Romain, 2001. "How democracy affects growth," European Economic Review, Elsevier, vol. 45(8), pages 1341-1378, August.
- Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August.
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