Economic growth in Latin America /

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Bibliographic Details
Author / Creator:De Gregorio, Jose, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Research Dept., ©1991.
Description:1 online resource (iii, 46 pages) : illustrations.
Series:IMF working paper ; WP/91/71
IMF working paper ; WP/91/71.
Subject:Economic history.
Latin America -- Economic conditions -- 1982-
Latin America.
Format: E-Resource Book
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Other authors / contributors:International Monetary Fund. Research Department, issuing body.
Notes:Includes bibliographical references (pages 43-46).
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Summary:Annotation This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries in the sample. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. to a lesser extent, growth is negatively correlated with government consumption and political instability. the terms of trade appear to have no significant effect on growth.
Other form:Print version: Gregorio, José de. Economic growth in Latin America. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1991