Latin America and the 'high performing Asian economies': growth and debt

John Weeks
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John Weeks: Centre for Development Policy and Research, School of Oriental and African Studies, London, UK, Postal: Centre for Development Policy and Research, School of Oriental and African Studies, London, UK

Journal of International Development, 2000, vol. 12, issue 5, 625-654

Abstract: Prior to the Asian financial crisis, it was accepted wisdom to compare the growth of Latin America unfavourably to that of a selection of East and Southeast Asian countries (the so-called high performing Asian economies). This paper presents statistics that indicate that the differences in performance may have been less than as commonly presented. A modified Harrod-Domar model is applied to the Latin American countries, and the results suggest that a major determinant of slower growth in Latin America was the debt service burden. Copyright © 2000 John Wiley & Sons, Ltd.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:12:y:2000:i:5:p:625-654

DOI: 10.1002/1099-1328(200007)12:5<625::AID-JID652>3.0.CO;2-O

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