Institutional Quality and Economic Growth in Latin America
W. Charles Sawyer
Global Economy Journal, 2011, vol. 10, issue 4, 1-13
The purpose of this paper is to relate total factor productivity to the problem of economic growth in Latin America. Slow economic growth has been the most important problem in the modern history of the region. The paper extensively reviews the literature on the determinants of economic growth in Latin America and shows that the slow growth of total factor productivity (TFP) seems to be the primary problem. Further, this problem is linked to the quality of institutions in the region. Unfortunately, the concept of institutional quality is very difficult to define in a meaningful way. This affects public policy towards economic growth in the region. Finally, it is shown that the problem that has been identified may be crucial for Latin America but the region is hardly unique in this regard.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bpj:glecon:v:10:y:2011:i:4:n:2
Ordering information: This journal article can be ordered from
Access Statistics for this article
Global Economy Journal is currently edited by Jannett Highfill
More articles in Global Economy Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().