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Challenges to Economic Growth in Latin America and the Caribbean: A Preliminary Exploration

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  • Tavernier, Edmund M.

    (Rutgers, The State University of New Jersey)

Abstract

A fixed-effects model is developed to analyze the relationship between economic growth and agricultural development, trade balances, exports, and investment in Latin America and the Caribbean. The empirical evidence indicates a positive relationship between exports as a percentage of GDP and economic growth in the region. The results also show that persistent trade imbalances and a significant debt burden serve as a drag on economic growth, but investment and exports do not. The findings allow preliminary inferences to be made about the challenges to economic growth in the region.

Suggested Citation

  • Tavernier, Edmund M., 2001. "Challenges to Economic Growth in Latin America and the Caribbean: A Preliminary Exploration," The Review of Regional Studies, Southern Regional Science Association, vol. 31(3), pages 277-291, Winter.
    • Handle: RePEc:rre:publsh:v:31:y:2001:i:3:p:277-291
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    4. Valdes, Constanza & Wainio, John & Gehlhar, Mark J., 1995. "Agricultural Trade and Economic Integration in the Western Hemisphere: Current Status," 1995: Economic Integration in the Western Hemisphere Symposium, June 7-9, 1995, San Jose, Costa Rica 50813, International Agricultural Trade Research Consortium.
    5. McCarthy, F. Desmond & Zanalda, Giovanni, 1995. "Economic performance in small open economies : the Caribbean experience, 1980-1992," Policy Research Working Paper Series 1544, The World Bank.
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