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Title:Economic growth in Latin America: Structural breaks or fundamentals? PDF Logo
Authors:Chumacero, Rómulo A.
Fuentes, J. Rodrigo
Issue Date:2006
Citation:[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 33 [Year:] 2006 [Issue:] 2 [Pages:] 141-154
Abstract:Despite having accumulated physical and human capital at significant rates, Latin America's growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer distortions and government interventions. Structural breaks are often cited as sources of the disappointing and heterogeneous growth performance of countries in Latin America. We find that, once controlled for external shocks and a measure of distortions, the behavior of per capita GDP in a sample of Latin American countries is remarkably stable.
Subjects:growth
Latin America
structural breaks
JEL:O47
C32
Document Type:Article
Appears in Collections:Estudios de Economia, Department of Economics, University of Chile

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