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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.

Suggested Citation

  • Jairo Parada C. & Alexandra García L., 2008. "Growth and Institutions in Latin America: A pooled and cross-time series analysis (1951-1999)," Revista de Economía del Caribe 7101, Universidad del Norte.
    • Handle: RePEc:col:000382:007101
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    More about this item

    Keywords

    Colombia; growth; institutionsColombia; crecimiento; instituciones.;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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