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Growth, Productive Investment and the Macroeconomic Environment

In: Reforming Latin America’s Economies

Author

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  • Ricardo Ffrench-Davis

Abstract

One outstanding feature of Latin American economies in recent years has been the low rate of capital formation. In addition, the rate of utilization of the available productive capacity has been low and unstable, carrying with it a drop in ex post actual average productivity. These factors, which in fact bolster each other, account for the noticeable contrast between the slack economic growth since the 1980s and the dynamism exhibited by Latin American countries (LACs) in the three previous decades.

Suggested Citation

  • Ricardo Ffrench-Davis, 2005. "Growth, Productive Investment and the Macroeconomic Environment," Palgrave Macmillan Books, in: Reforming Latin America’s Economies, chapter 0, pages 57-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50990-0_3
    DOI: 10.1057/9780230509900_3
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