Challenges to Economic Growth in Latin America and the Caribbean: A Preliminary Exploration

Edmund M. Tavernier
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Edmund M. Tavernier: Rutgers, The State University of New Jersey

The Review of Regional Studies, 2001, vol. 31, issue 3, 277-291

Abstract: A fixed-effects model is developed to analyze the relationship between economic growth and agricultural development, trade balances, exports, and investment in Latin America and the Caribbean. The empirical evidence indicates a positive relationship between exports as a percentage of GDP and economic growth in the region. The results also show that persistent trade imbalances and a significant debt burden serve as a drag on economic growth, but investment and exports do not. The findings allow preliminary inferences to be made about the challenges to economic growth in the region.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:rre:publsh:v:31:y:2001:i:3:p:277-291

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