ECONOMIC GROWTH AND EXTERNAL CONSTRAINT: A PANEL DATA ANALYSIS FOR LATIN AMERICAN COUNTRIES

Camilla Petrelli Corrêa de Almeida (), Philipe Scherrer Mendes () and Douglas A. Alencar ()
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Camilla Petrelli Corrêa de Almeida: Universidade Federal de Minas Gerais
Philipe Scherrer Mendes: Universidade Federal de Minas Gerais
Douglas A. Alencar: Universidade Federal de Minas Gerais

Revista de Economia Mackenzie (REM), 2016, vol. 13, issue 1, 107-129

Abstract: This study objective is to identify whether the Latin American economic growth between 1990 and 2011 was affected by the external restriction. A literature review of the implications involved in determining an economic growth rate in the approach was made in theories that address elements in relation to external sector, such as the Law of Thirlwall. The main conclusion is that the economic growth of the group of Latin American countries, using panel data methodology, between the years 1990 and 2011, was limited by the external sector. This result seems to be in accordance with the economic history of these countries and their productive structures with underdeveloped features.

Keywords: Economic growth; Capital flows; External constraint. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:13:1:2016:jul:p:107-129

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