Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts

Economic Growth in Latin America and the Caribbean analyzes whether economic reforms have been beneficial to growth in the region. In doing so, it recognizes that growth is driven by a variety of factors - in some cases poor growth is due to insufficient structural reforms (e.g., low trade openness), in others to inappropriate stabilization policies (e.g., exchange rate overvaluation), and still in others to negative international conditions (e.g., growth slowdown in industrial countries). It is obvious but still correct to say that identifying the problem is the first step towards the solution. This book contributes to this effort by examining the growth performance of countries in Latin America and the Caribbean, explaining the underlying sources of their economic growth, and designing a strategy for further growth.

Bibliographic Details

Main Authors:	Loayza, Norman, Fajnzylber, Pablo, Calderón, César
Language:	English en_US
Published:	Washington, DC: World Bank 2005
Subjects:	ANTIGUA AND BARBUDA, AUTOREGRESSION, BAHAMAS, BLACK MARKET, BLACK MARKET PREMIUM, BUSINESS CYCLE, CAPITAL ACCUMULATION, CAPITAL FLOWS, CAPITAL INVESTMENT, CENTRAL AMERICA, CENTRAL AMERICAN, CENTRAL BANK, CIVIL LIBERTIES, COUNTRY CASE, COUNTRY REGRESSIONS, CRIME, CRISES, CROSS-COUNTRY PERSPECTIVE, CYCLICAL REVERSION, CYCLICAL VOLATILITY, DATA AVAILABILITY, DESCRIPTIVE STATISTICS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING WORLD, DEVELOPMENT RESEARCH, DIRECT INVESTMENT, ECONOMIC CONTRACTIONS, ECONOMIC DOWNTURNS, ECONOMIC GROWTH, ECONOMIC GROWTH RATE, ECONOMIC GROWTH RATES, ECONOMIC POLICIES, ECONOMIC POLICY, ECONOMIC RECOVERY, ECONOMIC REFORM, ECONOMIES OF SCALE, EMPIRICAL RESULTS, EMPIRICAL STUDIES, ESTIMATION TECHNIQUES, EXCHANGE RATE MISALIGNMENT, EXERCISES, EXPECTED VALUES, EXPLAINING CHANGES, EXPLANATORY VARIABLES, EXPORTS, EXTERNAL CONDITIONS, EXTERNAL SHOCKS, EXTERNALITIES, FINANCIAL DEPTH, FINANCIAL DEVELOPMENT, FIXED EFFECTS, FORECASTS, GDP, GDP PER CAPITA, GROSS DOMESTIC PRODUCT, GROWTH COMPONENT, GROWTH DETERMINANTS, GROWTH MODELS, GROWTH PERFORMANCE, GROWTH POTENTIAL, GROWTH RATE, GROWTH RATES, GROWTH REGRESSIONS, HUMAN CAPITAL, INCOME, INCOME GROWTH, INCOME INEQUALITY, INDIVIDUAL COUNTRIES, INDUSTRIALIZED COUNTRIES, INFLATION, INFLATION RATE, INFLATION RATES, INFRASTRUCTURE INVESTMENT, LABOR FORCE, LATIN AMERICAN, LONG-RUN GROWTH, M2/GDP, MACROECONOMIC MISMANAGEMENT, MACROECONOMIC STABILITY, MARKET ECONOMIES, MEASUREMENT ERRORS, MIDDLE EAST, NORTH AFRICA, OUTPUT GROWTH, OUTPUT PER CAPITA, OVERVALUATION, POLICY CIRCLES, POLITICAL DEVELOPMENT, POLITICAL INSTABILITY, POLITICAL RIGHTS, POLITICAL STABILITY, POOR POLICIES, POVERTY LEVELS, PRIVATE SECTOR, PRODUCTION FUNCTIONS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC INFRASTRUCTURE, PUBLIC PROGRAMS, REAL EXCHANGE RATE, RECESSIONS, REGIONAL AVERAGES, REGRESSION ANALYSIS, RULE OF LAW, SECTORAL COMPOSITION, SIGNIFICANT IMPACT, SOCIAL VARIABLES, SOUTH AMERICA, STABILIZATION POLICIES, STANDARD DEVIATION, STRUCTURAL POLICIES, SUB-SAHARAN AFRICA, TECHNOLOGICAL CHANGE, TELEPHONES, THE, TOTAL FACTOR PRODUCTIVITY, TRADE OPENNESS, TRADE SHOCKS, TRANSITIONAL CONVERGENCE, TRINIDAD AND TOBAGO, UNEMPLOYMENT, VIOLENCE,
Online Access:	http://documents.worldbank.org/curated/en/2005/03/5764391/economic-growth-latin-america-caribbean-stylized-facts-explanations-forecasts https://hdl.handle.net/10986/7315
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