Fatores Institucionais, Desenvolvimento e Competitividade Econômica: o Caso dos Países da América Latina
AbstractThis study aims to determine the importance of institutional factors for the market focused on the process of economic development and global competitiveness of Latin American countries. Regressions were used in Panel Data for Fixed Effect (FE) and cross-section for the treatment of the variables representing institutional determinants. The results show the GDP per capita variables strongly influenced by Property Rights, Freedom Business, Government Size, Trade Freedom, Fiscal Freedom, but there is no influence of geographical and climatological variables. Competitiveness and Regulatory Affairs also were influenced by institutional factors. We conclude that the institutional evolution can determine economic development.
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Bibliographic InfoPaper provided by Curso de Ciencias Economicas da Universidade Federal de Goias - FACE in its series Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG with number 008.
Length: 24 pages
Date of creation: Nov 2009
Date of revision:
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Postal: Universidade Federal de Goias UFG - Campus Samambaia (Campus II) Rodovia Goiania/Nova Veneza, Km 0 Caixa Postal 131, CEP 74001-970, Goiania, Brasil
Web page: http://www.face.ufg.br/eco/
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New Institutional Economics; Economic Development; Panel Data.;
Find related papers by JEL classification:
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
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