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A Century of Economic Growth in Latin America

  • Pablo Astorga
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    This 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 controversial result is an overall negative conditional correlation between trade openness and GDP per head growth - though openness has a positive link via investment. The evidence also shows that macroeconomic instability has been a drag on long-term growth in the region.

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    File URL: http://www.economics.ox.ac.uk/materials/papers/3649/75astorga.pdf
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    Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 75.

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    Date of creation: 01 Jan 2009
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    Handle: RePEc:oxf:wpaper:75
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    Web page: http://www.economics.ox.ac.uk/Email:


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    8. James, Christopher, 1987. "Some evidence on the uniqueness of bank loans," Journal of Financial Economics, Elsevier, vol. 19(2), pages 217-235, December.
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