Determinantes del crecimiento en America Latina: Analisis empirico de los sistemas bancarios

Economic growth determinants in Latin American region: An empirical analysis based on bank systems role

Christine CARTON and Cely Ronquillo

MPRA Paper from University Library of Munich, Germany

Abstract: This article examines a theoretical framework for an explanation for the processes of growth experienced by the economies of Latin America. The economic literature is devoted primarily to analyze this topic based on the use of the macroeconomic production function as the main analytical concept. It is proposed to validate empirically the interaction between financial development and human capital as determinant of the processes of growth for the Latin American region. Thus, the major contribution of this study is the application of a translog production function which allows the analysis of the interaction that can exist between explanatory variables. Estimates are made with a panel data from 1980 to 2004, based on a sample of 16 countries representing the Latin American region. We found significant results suggest that financial development is as important as human capital for economic growth.

Keywords: América Latina; Crecimiento; Desarrollo financiero; Capital humano; Datos en panel (search for similar items in EconPapers)
JEL-codes: O41 N16 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg
Date: 2008-01-16
View list of references

Published in Global Conference on Business and Finance Proceedings 3.3 (2)(2008): pp. 506-519

Downloads: (external link)
http://mpra.ub.uni-muenchen.de/10832/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:10832

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany
Address: Schackstr. 4, D-80539 Munich, Germany
Contact information at EDIRC.
Series data maintained by Ekkehart Schlicht ().