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Economic Growth And External Constraint: A Panel Data Analysis For Latin American Countries

Author

Listed:
  • Camilla Petrelli Corrêa de Almeida

    (Universidade Federal de Minas Gerais)

  • Philipe Scherrer Mendes

    (Universidade Federal de Minas Gerais)

  • Douglas A. Alencar

    (Universidade Federal de Minas Gerais)

Abstract

This study objective is to identify whether the Latin American economic growth between 1990 and 2011 was affected by the external restriction. A literature review of the implications involved in determining an economic growth rate in the approach was made in theories that address elements in relation to external sector, such as the Law of Thirlwall. The main conclusion is that the economic growth of the group of Latin American countries, using panel data methodology, between the years 1990 and 2011, was limited by the external sector. This result seems to be in accordance with the economic history of these countries and their productive structures with underdeveloped features.

Suggested Citation

  • Camilla Petrelli Corrêa de Almeida & Philipe Scherrer Mendes & Douglas A. Alencar, 2016. "Economic Growth And External Constraint: A Panel Data Analysis For Latin American Countries," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 13(1), pages 107-129, July.
    • Handle: RePEc:aft:journl:v:13:1:2016:jul:p:107-129
    DOI: -
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