Format:
1 Online-Ressource (58 Seiten)
Series Statement:
IMF Working Papers No. 1991/071
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.
Additional Edition:
Erscheint auch als Druck-Ausgabe De Gregorio, Jose Economic Growth in Latin America Washington : International Monetary Fund, 1991 9781451959758
Additional Edition:
9781451959758
Language:
English
DOI:
10.5089/9781451959758.001
