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Inward-Looking Policies, Institutions, Autocrats, and Economic Growth in Latin America: An Empirical Exploration

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Alberto Chong ()
Luisa Zanforlin ()

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Abstract

This paper explores the institutionaldeterminants of economic growth in LatinAmerica by taking advantage of recentempirical research that employs subjectiveand objective measures to test for apossible “Northian” explanation that linksinstitutional quality and economic growth.We explore a simple framework that may helpbetter understand the policymakers’ choicesand persistence regarding inward-lookingpolicies that were pursued between the1930s and the 1980s by arguing that in theLatin American case Olson’s (1982) idea ofencompassing interest should be expanded tocover not only the economic stakes of powerholders, but in particular, their psychicincome which includes their politicalstakes, along the lines of recent work byRobinson (1997), Coyne (2002), andothers. Copyright Kluwer Academic Publishers 2004

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 121 (2004)
Issue (Month): 3 (February)
Pages: 335-361
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Handle: RePEc:kap:pubcho:v:121:y:2004:i:3:p:335-361

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  3. Alberto Chong, 2001. "Inequality, Democracy, and Persistence: Is There a Political Kuznets Curve?," RES Working Papers 4253, Inter-American Development Bank, Research Department. [Downloadable!]
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  4. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Brunetti, Aymo & Kisunko, Gregory & Weder, Beatrice, 1997. "Institutional obstacles to doing business : region-by-region results from a worldwide survey of the private sector," Policy Research Working Paper Series 1759, The World Bank. [Downloadable!]
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  7. Alesina, Alberto, et al, 1996. " Political Instability and Economic Growth," Journal of Economic Growth, Springer, vol. 1(2), pages 189-211, June.
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  8. Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August. [Downloadable!] (restricted)
  9. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1995-1), pages 1-118. [Downloadable!]
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  13. Geweke, John, 1984. "Inference and causality in economic time series models," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 19, pages 1101-1144 Elsevier. [Downloadable!] (restricted)
  14. Summers, Robert & Heston, Alan, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 327-68, May. [Downloadable!] (restricted)
  15. Greif, Avner, 1994. "On the Political Foundations of the Late Medieval Commercial Revolution: Genoa During the Twelfth and Thirteenth Centuries," The Journal of Economic History, Cambridge University Press, vol. 54(02), pages 271-287, June. [Downloadable!]
  16. Daron Acemoglu & James A. Robinson, 2000. "Why Did The West Extend The Franchise? Democracy, Inequality, And Growth In Historical Perspective," The Quarterly Journal of Economics, MIT Press, vol. 115(4), pages 1167-1199, November. [Downloadable!] (restricted)
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  17. Taylor, Alan M., 1998. "On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 1-28, March. [Downloadable!]
  18. Shang-Jin Wei, 2000. "How Taxing is Corruption on International Investors?," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 1-11, February. [Downloadable!] (restricted)
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  19. Fishlow, Albert, 1990. "The Latin American State," Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 61-74, Summer. [Downloadable!] (restricted)
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  21. A. Chong & C. Calderón, 2000. "Causality and Feedback Between Institutional Measures and Economic Growth," Economics and Politics, Blackwell Publishing, vol. 12(1), pages 69-81, 03. [Downloadable!] (restricted)
  22. Bourguignon, F. & Verdier, T., 1997. "Oligarchy, Democracy, Inequality and Growth," DELTA Working Papers 97-10, DELTA (Ecole normale supérieure).
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  23. Daniel P. Hewitt, 1993. "Military Expenditures 1972-1990: The Reasons Behind the Post-1985 Fall in World Military Spending," IMF Working Papers 93/18, International Monetary Fund.
  24. Greif, Avner, 1989. "Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders," The Journal of Economic History, Cambridge University Press, vol. 49(04), pages 857-882, December. [Downloadable!]
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  27. Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-62, June. [Downloadable!] (restricted)
  28. Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December. [Downloadable!] (restricted)
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  1. Drosdowski, Thomas, 2005. "Democracy Deficits, Inequality and Pollution. A Politico-Economic Analysis," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-323, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
  2. Drosdowski, Thomas, 2006. "On the Link Between Democracy and Environment," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-355, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
  3. Alberto Chong & Alejandro Riaño, 2006. "Political Environment and Privatization Prices," RES Working Papers 4439, Inter-American Development Bank, Research Department. [Downloadable!]
  4. César Calderón & Alberto Chong, 2005. "¿Fomentan las democracias conductas de procura de rentas?," RES Working Papers 4416, Inter-American Development Bank, Research Department. [Downloadable!]
  5. Alberto Chong & Alejandro Riaño, 2006. "El entorno político y los precios de las privatizaciones," RES Working Papers 4440, Inter-American Development Bank, Research Department. [Downloadable!]
  6. César Calderón & Alberto Chong, 2006. "Rent Seeking and Democracy in Latin America: What Drives What?," RES Working Papers 4435, Inter-American Development Bank, Research Department. [Downloadable!]
  7. César Calderón & Alberto Chong, 2005. "Do Democracies Breed Rent-Seeking Behavior?," RES Working Papers 4415, Inter-American Development Bank, Research Department. [Downloadable!]
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  8. César Calderón & Alberto Chong, 2006. "Búsqueda de rentas y democracia en América Latina: ¿Qué impulsa a qué?," RES Working Papers 4436, Inter-American Development Bank, Research Department. [Downloadable!]
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