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Do institutions and ideology matter for economic growth in Latin America in the first two decades of the 21st century?

Author

Listed:
  • Navarrete Gallo, Pamela L.

    (UNU-MERIT, Maastricht University, and Ministry of Education, Government of Peru)

  • Ritzen, Jo

    (UNU-MERIT, Maastricht University)

Abstract

Institutions have a positive, strong and significant impact on GDP growth; in 20 Latin American countries between 2002 and 2018. Government size has a negative impact on GDP growth itself but, in interaction with strong institutions, the effect of government size on growth turns to positive and significant, while political ideology has no significant effect on economic growth.

Suggested Citation

  • Navarrete Gallo, Pamela L. & Ritzen, Jo, 2021. "Do institutions and ideology matter for economic growth in Latin America in the first two decades of the 21st century?," MERIT Working Papers 2021-012, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2021012
    as

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    File URL: https://www.merit.unu.edu/publications/wppdf/2021/wp2021-012.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic growth; Institutions; Government Size; Political ideology; Latin America;
    All these keywords.

    JEL classification:

    • 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, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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