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Growth or development: experience from Latin America

Wannaphong Durongkaveroj

MPRA Paper from University Library of Munich, Germany

Abstract: The purposes of this study were to present the current situation of poverty, economic growth, and economic development for five selected countries in Latin America and to examine the relationship between poverty, economic growth, and economic development through traditional log-linear regression model for panel data analysis. The result from fixed effect model suggested that economic development is more effective and preferable than economic growth in eradicating of poverty. Policy issued aimed at raising citizen's living standard should shed on income, health, and education simultaneously instead of standard improvement in income level merely.

Keywords: economic development; economic growth; poverty (search for similar items in EconPapers)
JEL-codes: C10 I32 O15 O20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg, nep-gro and nep-lam
Date: 2014-03-15, Revised 2014-03-16
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https://mpra.ub.uni-muenchen.de/54481/1/MPRA_paper_54481.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/54622/1/MPRA_paper_54622.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54481

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