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Institutional and policy convergence with growth divergence in Latin America

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  • Ros, Jaime

Abstract

In the last decades Latin American countries, and very much related to the implementation of macroeconomic reforms, have seen a convergence in economic policy making, design, tool kits and objectives. This convergence has been rather generalized in the region with few exceptions. The paper explores the reasons why this convergence has not been reflected in a similar way on their economic performances. It pays special attention to the role played by institutional factors and by government policies in explaining the diversity in growth performance.

Suggested Citation

  • Ros, Jaime, 2012. "Institutional and policy convergence with growth divergence in Latin America," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4923, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col031:4923
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    1. Frenkel, Roberto, 2008. "The competitive real exchange-rate regime, inflation and monetary policy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    2. Philip Arestis & Fernando Ferrari-Filho & Luiz Fernando de Paula, 2011. "Inflation targeting in Brazil," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(2), pages 127-148.
    3. Gerald A. Epstein & A. Erinc Yeldan (ed.), 2009. "Beyond Inflation Targeting," Books, Edward Elgar Publishing, number 13168.
    4. Ocampo, Jose Antonio & Ros, Jaime (ed.), 2011. "The Oxford Handbook of Latin American Economics," OUP Catalogue, Oxford University Press, number 9780199571048, Decembrie.
    5. Nelson H. Barbosa-Filho, 2009. "Inflation Targeting in Brazil: 1999–2006," Chapters, in: Gerald A. Epstein & A. Erinc Yeldan (ed.), Beyond Inflation Targeting, chapter 7, Edward Elgar Publishing.
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