A century of economic growth in Latin America

被引：21

作者：

Astorga, Pablo ^{[1
,2
]}

机构：

[1] Oxford Econ, Oxford OX1 1HB, England

[2] Univ Carlos III, Inst Figuerola, Madrid 28903, Spain

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2010年 / 92卷 / 02期

关键词：

Economic growth; Investment; Openness; Latin America; LONG-RUN GROWTH; DEVELOPING-COUNTRIES; OPENNESS; TRADE; INVESTMENT; RATES;

D O I：

10.1016/j.jdeveco.2009.01.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper makes a contribution to the study of economic growth in developing countries by analyzing the six largest Latin American economies over 105 years within a two-equation framework. Confirming previous findings, physical and human capital prove to be key determinants of GDP per head growth. However, a more controversial result is an overall negative conditional correlation between trade openness and GDP per head growth though openness has a positive link via investment. The evidence also shows that macroeconomic instability has been a drag on long-term growth in the region. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：232 / 243

页数：12

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