Economic Growth in the Andean Region: The Role of Economic and Governance Factors

Claudio Aravena, André Hofman () and Andrés Solimano

Chapter 4 in Vanishing Growth in Latin America, 2006 from Edward Elgar Publishing

Abstract: Economic growth in Latin America and the rise of material welfare has lagged behind that of more dynamic areas of the world economy. In a region prone to policy experiments, the policies of the Washington Consensus applied since the 1990s failed to bring sustained growth to most of Latin America. Andrés Solimano and an impressive set of contributors analyze the last 40 years in order to determine the role of economic reforms, external conditions, factor accumulation, income inequality, political instability and productivity in explaining GDP increases. The book also looks at cycles of growth, identifying periods of rapid growth and contrasting them with periods of stagnation and collapse.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2006
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