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Inward-Looking Policies, Institutions, Autocrats, and Economic Growth in Latin America: An Empirical Exploration

  • Alberto Chong

    ()

  • Luisa Zanforlin

    ()

This paper explores the institutionaldeterminants of economic growth in LatinAmerica by taking advantage of recentempirical research that employs subjectiveand objective measures to test for apossible “Northian” explanation that linksinstitutional quality and economic growth.We explore a simple framework that may helpbetter understand the policymakers’ choicesand persistence regarding inward-lookingpolicies that were pursued between the1930s and the 1980s by arguing that in theLatin American case Olson’s (1982) idea ofencompassing interest should be expanded tocover not only the economic stakes of powerholders, but in particular, their psychicincome which includes their politicalstakes, along the lines of recent work byRobinson (1997), Coyne (2002), andothers. Copyright Kluwer Academic Publishers 2004

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File URL: http://hdl.handle.net/10.1007/s11127-004-1683-1
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Article provided by Springer in its journal Public Choice.

Volume (Year): 121 (2004)
Issue (Month): 3 (February)
Pages: 335-361

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Handle: RePEc:kap:pubcho:v:121:y:2004:i:3:p:335-361
DOI: 10.1007/s11127-004-1683-1
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Order Information: Web: http://www.springer.com/economics/public+finance/journal/11127/PS2

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