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This article examines economic development from 1996 to 2015 for 192 countries and specifically Latin America. Evidence shows that each 0.1-point increase in institutions impacts a 3.9% improvement in Latin American per capita output versus a 2.6% effect on world development. This new evidence...
Persistent link: https://www.econbiz.de/10012915036
We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output growth. As a result, tests were performed in order to...
Persistent link: https://www.econbiz.de/10011445097
I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina’s unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy is based on building a counterfactual scenario to examine the path of...
Persistent link: https://www.econbiz.de/10012256073
Literature on convergence among Latin American countries is still scarce compared to other regions. Almost none of the … research connects convergence to the economic history of Latin America and the usual finding is one speed of convergence … study, which allows me to use chronological events to explain, analyze and validate the historical convergence clubs in …
Persistent link: https://www.econbiz.de/10010326927
Literature on convergence among Latin American countries is still scarce compared to other regions. Almost none of the … research connects convergence to the economic history of Latin America and the usual finding is one speed of convergence … study, which allows me to use chronological events to explain, analyze and validate the historical convergence clubs in …
Persistent link: https://www.econbiz.de/10009018970
Literature on convergence among Latin American countries is still scarce compared to other regions. Moreover, almost … none of the research connects convergence to the economic history of Latin America and the usual finding is one speed of … convergence. In this paper I analyze 32 countries and 108 years, more observations than any other study. This long span of data …
Persistent link: https://www.econbiz.de/10008641806
models, and complements these with a single aggregate model using panel data by decade to test for convergence within the … effort; (iii) that these improvements were not, however, enough to produce convergence between Latin America and US; and (iv …
Persistent link: https://www.econbiz.de/10011152510
models, and complements these with a single aggregate model using panel data by decade to test for convergence within the … effort; (iii) that these improvements were not, however, enough to produce convergence between Latin America and US; and (iv …
Persistent link: https://www.econbiz.de/10005730409
A considerable debate has taken place among economists and policymakers over the merits of the Import-Substitution Industrialization (ISI) as a strategy for economic development in modern South America. We study quantitatively the effect of the ISI policy and their impact on long-run growth. To...
Persistent link: https://www.econbiz.de/10012975432
This paper exploits the variation in the timing of electoral law enforcement across nine Latin American countries to consistently examine the contribution of de jure and de facto political institutions to long-run development. The set of novel measures of electoral law enforcement is constructed...
Persistent link: https://www.econbiz.de/10012988220