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Economic Growth in the Andean Region: The Role of Economic and Governance Factors

In: Vanishing Growth in Latin America

Author

Listed:
  • Claudio Aravena
  • André A. Hofman
  • Andrés Solimano

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

  • Claudio Aravena & André A. Hofman & Andrés Solimano, 2006. "Economic Growth in the Andean Region: The Role of Economic and Governance Factors," Chapters, in: Andrés Solimano (ed.), Vanishing Growth in Latin America, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3874_4
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    Cited by:

    1. -, 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).
    2. -, 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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