Inward-Looking Policies, Institutions, Autocrats, and Economic Growth in Latin America: An Empirical Exploration
This paper explores the institutional determinants of economic growth in Latin America by taking advantage of recent empirical research that employs subjective and objective measures to test for a possible "Northian" explanation that links institutional quality and economic growth. I provide a framework that helps better understand the policymakers' choices and persistence regarding inward-looking policies that were pursued between the 1930s and the 1980s by arguing that in the Latin American case Olson's (1982) idea of encompassing interest should be expanded to cover not only the economic stakes of power holders, but also, their political stakes, somewhat along the lines of work by Robinson (1997).
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Main Author: | Inter-American Development Bank |
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Other Authors: | Luisa Zanforlin |
Format: | Working Papers biblioteca |
Language: | English |
Published: |
Inter-American Development Bank
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Subjects: | Economy, Public Utility, WP-446, |
Online Access: | http://dx.doi.org/10.18235/0011570 https://publications.iadb.org/en/inward-looking-policies-institutions-autocrats-and-economic-growth-latin-america-empirical |
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