Format:
Online-Ressource (58 p)
ISBN:
1451959753
,
9781451959758
Series Statement:
IMF Working Papers Working Paper No. 91/71
Content:
This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries in the sample. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. To a lesser extent, growth is negatively correlated with government consumption and political instability. The terms of trade appear to have no significant effect on growth
Language:
English
URL:
http://elibrary.imf.org/view/IMF001/01952-9781451959758/01952-9781451959758/01952-9781451959758.xml
URL:
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