Despite having accumulated physical and human capital at significant rates, Latin America's growth has been generally … disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer … growth performance of countries in Latin America. We find that, once controlled for external shocks and a measure of …

Growth dynamics are remarkably heterogeneous, in particular when one focuses on developing countries. Economic miracles … and failures are embedded within extended phases of either growth or decline. We propose a methodology and a taxonomy that … will characterize countries' growth patterns on the basis of the sequence of regimes they experience. In particular, we …

The growth experience of virtually all but the very rich countries is best explained as a combination of high and low … growth episodes. Therefore, there is a need to under- stand the sources of growth during high and low growth regimes and in … particular the influences as growth regimes change. This paper approaches the issue by combining the derivation of structural …

time and/or countries. We demonstrate this argument by identifying structural breaks in growth regressions estimated with …-oriented reforms. We find robust evidence that the pattern of growth in transition has changed at least two times, yielding thus three … different models of growth associated with different stages of reform. The speed with which individual countries progress …

time and/or countries. We demonstrate this argument by identifying structural breaks in growth regressions estimated with …-oriented reforms. We find robust evidence that the pattern of growth in transition has changed at least two times, yielding thus three … different models of growth associated with different stages of reform. The speed with which individual countries progress …

Despite having accumulated physical and human capital at significant rates, Latin America´s growth has been generally … disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer … growth performance of countries in Latin America. We find that, once controlled for external shocks and a measure of …

This paper asseses of the role of economic growth in achieving the first target of the Millennium Development Goals … (MDGs). The analysis is composed of two parts. First, we address economic growth as the most effective instrument for …. Second, we focus on accelerating the rate of growth in the poorest countries of the world if the MDGs are to be achieved. In …

This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the …