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Economic Growth in Latin America: The Role of Investment and Other Growth Sources

In: Vanishing Growth in Latin America

Author

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  • Mario A. Gutiérrez
Abstract
Economic growth in Latin America and the rise of material welfare has lagged behind that of more dynamic areas of the world economy. In a region prone to policy experiments, the policies of the Washington Consensus applied since the 1990s failed to bring sustained growth to most of Latin America. Andrés Solimano and an impressive set of contributors analyze the last 40 years in order to determine the role of economic reforms, external conditions, factor accumulation, income inequality, political instability and productivity in explaining GDP increases. The book also looks at cycles of growth, identifying periods of rapid growth and contrasting them with periods of stagnation and collapse.

Suggested Citation

  • Mario A. Gutiérrez, 2006. "Economic Growth in Latin America: The Role of Investment and Other Growth Sources," Chapters, in: Andrés Solimano (ed.), Vanishing Growth in Latin America, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3874_7
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    File URL: https://www.elgaronline.com/view/184542431X.00014.xml
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    Cited by:

    1. Araújo, Eurilton, 2012. "Investment-specific shocks and real business cycles in emerging economies: Evidence from Brazil," Economic Modelling, Elsevier, vol. 29(3), pages 671-678.

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    Keywords

    Development Studies; Economics and Finance;

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