A century of economic growth in Latin America
Pablo Astorga ()
Journal of Development Economics, 2010, vol. 92, issue 2, 232-243
This paper makes a contribution to the study of economic growth in developing countries by analyzing the six largest Latin American economies over 105Â years within a two-equation framework. Confirming previous findings, physical and human capital prove to be key determinants of GDP per head growth. However, a more controversial result is an overall negative conditional correlation between trade openness and GDP per head growth -- though openness has a positive link via investment. The evidence also shows that macroeconomic instability has been a drag on long-term growth in the region.
Keywords: Economic; growth; Investment; Openness; Latin; America (search for similar items in EconPapers)
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Working Paper: A Century of Economic Growth in Latin America (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:deveco:v:92:y:2010:i:2:p:232-243
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