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Sources of Growth in Latin America: What Is Missing?

Eduardo Fernández-Arias, Juan S. Blyde, Indermit S. Gill, Alexander Monge Naranjo, Pablo A. Neumeyer, Carlos G. Fernández Valdovinos, Armando Castelar Pinheiro, Rodrigo Fuentes (), Hugo A. Hopenhayn, Mark Roland Thomas, Rodolfo E. Manuelli, Rómulo A. Chumacero and Luis Servén
Authors registered in the RePEc Author Service: Alexander Monge-Naranjo

No 279 in IDB Publications (Books) from Inter-American Development Bank

Abstract: The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and Caribbean Economic Association (LACEA). Latin American countries are falling behind. The growth record of Latin America in the recent past has been poor. For decades the average income per capita in Latin America has fallen relative to those of other countries, raising concerns about the capacity of the region to emulate more successful developing countries and lift its living standards closer to those of the developed world. What is failing? Two overview chapters, six country studies and four background thematic studies have been assembled in this book to present a comprehensive answer to this question.

Keywords: per capita income; growth; economic performance; economic growth; productivity; total factor productivity; TFP; productivity shocks; policy shocks; investment; labor; prices; Argentinian depression; human capital; Lost Decade; tariffs; exchange rate (search for similar items in EconPapers)
Date: 2011
ISBN: 1597820164
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