Economic growth in Latin America and the Caribbean : stylized facts, explanations, and forecasts

Intro -- Contents -- Acknowledgments -- Introduction -- 1. Stylized Facts -- Trend and Cyclical Components of GDP Growth -- Growth Accounting -- Growth, Investment, and Saving -- Summary -- 2. Determinants of Growth -- Setup -- Growth Determinants -- Transitional convergence -- Cyclical reversion -- Structural policies and institutions -- Stabilization policies -- External conditions -- Sample and Descriptive Statistics -- Estimation Methodology -- Results -- Main results -- Comparison with results under other estimation methods and time horizons -- Growth Explanations -- Explaining changes in growth rates over time -- Explaining differences in growth rates across countries -- 3. Growth in the Future -- Future Growth under Realistic Expectations -- Projections for growth determinants -- Forecasts for the average country in Latin America and the Caribbean -- Country forecasts -- Future Growth under Sharp Reform -- 4. Conclusions -- APPENDIXES -- A. Solow Growth Accounting -- B. Definitions and Sources of Variables Used in Regression Analysis -- C. Sample of Countries -- D. Explaining Changes in Growth by Country -- Bibliography -- LIST OF BOXES -- 1. Literature Review on Economic Growth in Latin America and the Caribbean -- LIST OF TABLES -- 1. Growth Rates of GDP Per Capita by Region, 1961-2000 -- 2. Growth Rates of GDP Per Capita by Country, 1961-2000 -- 3. Growth Rates of Trend GDP Per Capita by Region, 1961-2000 -- 4. Growth Rates of Trend GDP Per Capita by Country, 1961-2000 -- 5. Volatility of GDP Per Capita by Region, 1961-2000 -- 6. Volatility of GDP Per Capita by Country, 1961-2000 -- 7. Simple Growth Accounting, 1961-2000 -- 8. Growth Accounting Adjusted for Human Capital, 1961-2000 -- 9. Growth Accounting Adjusted for Human Capital and Input Utilization, 1971-2000 -- 10. Saving, Growth, and Investment: Bivariate Causality Analysis.