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Growth and Institutions in Latin America: A pooled and cross-time series analysis (1951-1999)

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  • Jairo Parada C.

    ()

  • Alexandra García L.

    ()

Abstract

The main objective of this paper is to develop a growth-model forLatin American countries that incorporates not only the usual economicvariables, such as investment, human capital, government expenditureand trade, but also variables that can be used as proxies of institutions forthese countries, covering the period of the second half of the twentiethcentury. The emphasis is more oriented to empirical issues rather thantheoretical ones.El principal objetivo de este artículo es desarrollar un modelo decrecimiento para los países de América Latina, que no sólo incorpora lasvariables usuales, como la inversión, el capital humano, gasto público ycomercio, sin que además, las variables puedan ser usadas como proxyde las instituciones para estos países, cubriendo el periodo de la segundamitad del siglo XX. El énfasis está orientado a cuestiones empíricas antesque teóricas.

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File URL: http://rcientificas.uninorte.edu.co/index.php/economia/article/viewFile/545/288
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Bibliographic Info

Article provided by UNIVERSIDAD DEL NORTE in its journal REVISTA DE ECONOMÍA DEL CARIBE.

Volume (Year): (2008)
Issue (Month): ()
Pages:

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Handle: RePEc:col:000382:007101

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Keywords: Colombia; growth; institutionsColombia; crecimiento; instituciones.;

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  1. Gavira, Alejandro & Panizza, Ugo & Seddon, Jessica & Stein, Ernesto, 2004. "Political Institutions and Growth Collapses," Revista Latinoamericana de Desarrollo Economico, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 2, pages 11-32, Abril.
  2. Barro, Robert J, 1996. " Democracy and Growth," Journal of Economic Growth, Springer, vol. 1(1), pages 1-27, March.
  3. Tavares, Jose & Wacziarg, Romain, 2001. "How democracy affects growth," European Economic Review, Elsevier, vol. 45(8), pages 1341-1378, August.
  4. Knack, Steve, 1996. " Institutions and the Convergence Hypothesis: The Cross-National Evidence," Public Choice, Springer, vol. 87(3-4), pages 207-28, June.
  5. Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August.
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