Economic growth in Latin America in the late 20th century: evidence and interpretation
Includes bibliography
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2014
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oai-11362-53982020-03-04T19:57:23Z Economic growth in Latin America in the late 20th century: evidence and interpretation Solimano, Andrés Soto, Raimundo NU. CEPAL. División de Desarrollo Económico CICLOS ECONOMICOS CRECIMIENTO ECONOMICO DESARROLLO ECONOMICO BUSINESS CYCLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH Includes bibliography The 1980s and 1990s have been decades of instability and slow growth for most of the Latin American region. There are exceptions, however. Chile and the Dominican Republic grew rapidly in the last decade or so although in recent years both economies, for different reasons, have entered in cycles of more sluggish growth. The purpose of this paper is to advance our understanding of the growth patterns of the Latin American economy in the final decades of the 20th century. We focus on the analysis of medium-to-long run growth, as opposed to the standard discussion of the determinants of high frequency fluctuations (business cycles), and disentangle the contribution of factor accumulation and total factor productivity. While business cycles are of interest for stabilization policies, growth cycles tend to be related to different variables from those that determine short-run growth, such as investment, human capital formation and the adoption of technology. We also want to understand the spells of prosperity and stagnation in several important economies of the region, as well as identify stories of growth decline and divergence in recent decades. The role of factor accumulation and total factor productivity growth performance are investigated in the paper, as well as the role of terms of trade shocks and capital inflows, changes in the quality of the labor force and macroeconomic instability on total factor productivity growth (TFP) and GDP growth. 2014-01-02T16:11:52Z 2014-01-02T16:11:52Z 2005-02 Texto Documento Completo 9211215285 http://hdl.handle.net/11362/5398 LC/L.2236-P en Serie Macroeconomía del Desarrollo 33 application/pdf AMERICA LATINA LATIN AMERICA ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CICLOS ECONOMICOS CRECIMIENTO ECONOMICO DESARROLLO ECONOMICO BUSINESS CYCLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH |
| spellingShingle |
CICLOS ECONOMICOS CRECIMIENTO ECONOMICO DESARROLLO ECONOMICO BUSINESS CYCLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH Solimano, Andrés Soto, Raimundo Economic growth in Latin America in the late 20th century: evidence and interpretation |
| description |
Includes bibliography |
| author2 |
NU. CEPAL. División de Desarrollo Económico |
| author_facet |
NU. CEPAL. División de Desarrollo Económico Solimano, Andrés Soto, Raimundo |
| format |
Texto |
| author |
Solimano, Andrés Soto, Raimundo |
| author_sort |
Solimano, Andrés |
| title |
Economic growth in Latin America in the late 20th century: evidence and interpretation |
| title_short |
Economic growth in Latin America in the late 20th century: evidence and interpretation |
| title_full |
Economic growth in Latin America in the late 20th century: evidence and interpretation |
| title_fullStr |
Economic growth in Latin America in the late 20th century: evidence and interpretation |
| title_full_unstemmed |
Economic growth in Latin America in the late 20th century: evidence and interpretation |
| title_sort |
economic growth in latin america in the late 20th century: evidence and interpretation |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5398 |
| work_keys_str_mv |
AT solimanoandres economicgrowthinlatinamericainthelate20thcenturyevidenceandinterpretation AT sotoraimundo economicgrowthinlatinamericainthelate20thcenturyevidenceandinterpretation |
| _version_ |
1718441775492759552 |