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

Pamela L. Navarrete Gallo () and Jo Ritzen ()
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Pamela L. Navarrete Gallo: UNU-MERIT, Maastricht University, and Ministry of Education, Government of Peru
Jo Ritzen: UNU-MERIT, Maastricht University

No 2021-012, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

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.

Keywords: Economic growth; Institutions; Government Size; Political ideology; Latin America (search for similar items in EconPapers)
JEL-codes: F43 N26 O11 (search for similar items in EconPapers)
Date: 2021-03-09
New Economics Papers: this item is included in nep-dev, nep-gro and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2021012

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