Paul Samuelson was attracted to the economic dynamics of South American countries because of the links between economic performance and political factors. He discussed the influence of “populist democracy” on Argentina's relative stagnation, which, he argued in the 1970s and early 1980s,...

Extraordinary spread of new information and communication (ICTs) technologies has been recognized worldwide. ICTs are broadly perceived as tools facilitating economic growth and development, especially in economically backward countries. They are relatively easy and cheap to adopt, require...

Differences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross-country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...

Extraordinary spread of new information and communication (ICTs) technologies has been recognized worldwide. ICTs are broadly perceived as tools facilitating economic growth and development, especially in economically backward countries. They are relatively easy and cheap to adopt, require...

After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington...

This paper presents development accounting exercises in Latin America using novel databases and methods to investigate the robustness of its results. While total factor productivity initially appears to be the most important driver of output per worker gaps in Latin America and the Caribbean,...

This paper combines development and growth accounting exercises with economic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America. The region s development performance is...

This paper combines development accounting exercises with economic theory to assess the importance of total factor productivity and the accumulation of factors of production as engines of growth in Latin America. Using the new, drastically revised Penn World Table (PWT) and Barro-Lee datasets,...