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In this paper, we exploit a new annual historical data set for ten South American countries from 1960 to 2008, providing a basis for understanding the long-run economic growth within a two-equation framework. For this purpose, a system of two panel data models estimated by generalized least...
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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
We study the regional income disparities and it's dynamic in South American economies. We use a new historical data base that offers a detailed look at the evolution of national economies, shedding empirical light on income disparities. For this purpose, a system of multiple equations was...
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