A century of economic growth in Latin America
AbstractThis paper makes a contribution to the study of economic growth in developing countries by analyzing the six largest Latin American economies over 105Â years within a two-equation framework. Confirming previous findings, physical and human capital prove to be key determinants of GDP per head growth. However, a more controversial result is an overall negative conditional correlation between trade openness and GDP per head growth -- though openness has a positive link via investment. The evidence also shows that macroeconomic instability has been a drag on long-term growth in the region.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Development Economics.
Volume (Year): 92 (2010)
Issue (Month): 2 (July)
Contact details of provider:
Web page: http://www.elsevier.com/locate/devec
Economic growth Investment Openness Latin America;
Other versions of this item:
- Pablo Astorga, 2009. "A Century of Economic Growth in Latin America," Oxford University Economic and Social History Series _075, Economics Group, Nuffield College, University of Oxford.
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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