A Century of Economic Growth in Latin America
AbstractThis paper makes a contribution to the study of economic growth in developing countries by analysing the six largest Latin American economies over 105 years within a two-equation framework. Confirming previous findings, physical and human capital prove to be key determinants of GDP per capita growth. However, a more controver- sial result is an overall negative conditional correlation between trade openness and GDP per head growth – though openness has a positive link via investment. The evi- dence also shows that macroeconomic instability has been a drag on long-term growth in the region.
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Bibliographic InfoPaper provided by Economics Group, Nuffield College, University of Oxford in its series Oxford University Economic and Social History Series with number _075.
Length: 31 pages
Date of creation: 02 Jan 2009
Date of revision:
Contact details of provider:
Web page: http://www.nuff.ox.ac.uk/economics/
Economic Growth; Investment; Openness; Latin America;
Other versions of this item:
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-13 (All new papers)
- NEP-DEV-2009-04-13 (Development)
- NEP-FDG-2009-04-13 (Financial Development & Growth)
- NEP-OPM-2009-04-13 (Open Economy Macroeconomics)
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