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Latin American Progress under Structural Reform


  • Thomas M Fullerton Jr

    (University of Texas at El Paso)

  • Richard L Sprinkle

    (University of Texas at El Paso)


Subsequent to the economic difficulties of the 1980s, many Latin American governments reluctantly began to introduce market-oriented reform measures. In many cases, the new measures were adopted only as a means of participating in debt-relief programs such as the Brady Initiative. In no case, however, was a full slate of adjustment measures successfully sheparded through any of the regional legislatures. Examination of macroeconomic data prior to the onset of 'reform fatigue' in the late 1990s indicates regional performance did improve under the limited policies that were introduced prior to 1995.

Suggested Citation

  • Thomas M Fullerton Jr & Richard L Sprinkle, 2004. "Latin American Progress under Structural Reform," Development and Comp Systems 0408012, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0408012
    Note: Type of Document - doc; pages: 11

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    References listed on IDEAS

    1. Romer, Paul, 1994. "New goods, old theory, and the welfare costs of trade restrictions," Journal of Development Economics, Elsevier, vol. 43(1), pages 5-38, February.
    2. Eduardo Lora & Ugo Panizza, 2002. "Structural Reforms in Latin America under Scrutiny," Research Department Publications 4303, Inter-American Development Bank, Research Department.
    3. Thomas M Fullerton Jr, 2004. "Short-Run Price Movements in Ecuador," Macroeconomics 0407028, EconWPA.
    4. Krueger, Anne O., 1987. "Origins of the developing countries' debt crisis : 1970 to 1982," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 165-187, October.
    5. Fullerton, Thomas Jr., 1993. "Inflationary trends in Colombia," Journal of Policy Modeling, Elsevier, vol. 15(4), pages 463-468, August.
    6. Rudiger Dornbusch & Ferico Sturzenegger & Holger Wolf, 1990. "Extreme Inflation: Dynamics and Stabilization," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 1-84.
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    Cited by:

    1. Flores Prieto, Pedro & Fullerton, Thomas M., Jr. & Andrade Olivas, Cesar, 2007. "Evidencia empirica sobre deuda externa, inversion, y crecimiento en Mexico, 1980-2003
      [Empirical evidence on foreign debt, investment, and growth in Mexico, 1980-2003]
      ," MPRA Paper 9497, University Library of Munich, Germany, revised Apr 2007.
    2. Thomas Fullerton & W. Sawyer & Richard Sprinkle, 1999. "Latin American trade elasticities," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 23(2), pages 143-156, June.

    More about this item


    Structural Adjustment; Latin America; Macroeconomics;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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