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Economic Growth and Cycles in Latin American Countries in 20th Century

Maria-Carmen Guisan and Eva Aguayo

Review on Economic Cycles, 2002, vol. 4, issue 1

Abstract: In this paper we analyse the evolution of economic growth and economic fluctuations in Latin American countries during the 20th century, with special emphasis in the period 1951-2000. We compare the economic fluctuations and the evolution of GDP, Population and GDP by inhabitant of these countries with OECD. We include an econometric causal analysis explaining this evolution. We also analyse causes of coincidences and discrepancies among countries of this area and a comparison with economic fluctuations in OECD countries. The conclusions suggest some economic policy recommendations for international organizations and governments in order to improve the economic performance of Latin American countries in future, having into account the main difficulties that restrict their possibilities of sustained growth and stability.

Date: 2002
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Handle: RePEc:rec:cycles:v:4:y:2002:i:1_1