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Economic Growth in Latin America in the Late Twentieth Century: Evidence and Interpretation

In: Vanishing Growth in Latin America

Author

Listed:
  • Andrés Solimano
  • Raimundo Soto

Abstract

Economic growth in Latin America and the rise of material welfare has lagged behind that of more dynamic areas of the world economy. In a region prone to policy experiments, the policies of the Washington Consensus applied since the 1990s failed to bring sustained growth to most of Latin America. Andrés Solimano and an impressive set of contributors analyze the last 40 years in order to determine the role of economic reforms, external conditions, factor accumulation, income inequality, political instability and productivity in explaining GDP increases. The book also looks at cycles of growth, identifying periods of rapid growth and contrasting them with periods of stagnation and collapse.

Suggested Citation

  • Andrés Solimano & Raimundo Soto, 2006. "Economic Growth in Latin America in the Late Twentieth Century: Evidence and Interpretation," Chapters, in: Andrés Solimano (ed.), Vanishing Growth in Latin America, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3874_2
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    Citations

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    Cited by:

    1. Raphael Bergoeing & Andrea Repetto, 2006. "Micro Efficiency and Aggregate Growth in Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(127), pages 169-192.
    2. Roman Fossati & Heiko Rachinger, 2021. "Total Factor Productivity: Exploring firms’ dynamics and heterogeneity over the business cycle," Asociación Argentina de Economía Política: Working Papers 4471, Asociación Argentina de Economía Política.
    3. -, 2009. "Economic survey of the Caribbean 2008-2009," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38689, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Nuvolari, Alessandro & Russo, Emanuele, 2019. "Technical progress and structural change: a long-term view," MERIT Working Papers 2019-022, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Sawyer W. Charles, 2011. "Institutional Quality and Economic Growth in Latin America," Global Economy Journal, De Gruyter, vol. 10(4), pages 1-13, January.
    6. -, 2009. "Economic growth in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38668, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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    Keywords

    Development Studies; Economics and Finance;

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