Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts

Economic Growth in Latin America and the Caribbean analyzes whether economic reforms have been beneficial to growth in the region. In doing so, it recognizes that growth is driven by a variety of factors - in some cases poor growth is due to insuff...

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Main Authors:	Loayza, Norman, Fajnzylber, Pablo, Calderón, César
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ANTIGUA AND BARBUDA AUTOREGRESSION BAHAMAS BLACK MARKET BLACK MARKET PREMIUM BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INVESTMENT CENTRAL AMERICA CENTRAL AMERICAN CENTRAL BANK CIVIL LIBERTIES COUNTRY CASE COUNTRY REGRESSIONS CRIME CRISES CROSS-COUNTRY PERSPECTIVE CYCLICAL REVERSION CYCLICAL VOLATILITY DATA AVAILABILITY DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT RESEARCH DIRECT INVESTMENT ECONOMIC CONTRACTIONS ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC GROWTH RATE ECONOMIC GROWTH RATES ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIES OF SCALE EMPIRICAL RESULTS EMPIRICAL STUDIES ESTIMATION TECHNIQUES EXCHANGE RATE MISALIGNMENT EXERCISES EXPECTED VALUES EXPLAINING CHANGES EXPLANATORY VARIABLES EXPORTS EXTERNAL CONDITIONS EXTERNAL SHOCKS EXTERNALITIES FINANCIAL DEPTH FINANCIAL DEVELOPMENT FIXED EFFECTS FORECASTS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH COMPONENT GROWTH DETERMINANTS GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITY INDIVIDUAL COUNTRIES INDUSTRIALIZED COUNTRIES INFLATION INFLATION RATE INFLATION RATES INFRASTRUCTURE INVESTMENT LABOR FORCE LATIN AMERICAN LONG-RUN GROWTH M2/GDP MACROECONOMIC MISMANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMIES MEASUREMENT ERRORS MIDDLE EAST NORTH AFRICA OUTPUT GROWTH OUTPUT PER CAPITA OVERVALUATION POLICY CIRCLES POLITICAL DEVELOPMENT POLITICAL INSTABILITY POLITICAL RIGHTS POLITICAL STABILITY POOR POLICIES POVERTY LEVELS PRIVATE SECTOR PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC INFRASTRUCTURE PUBLIC PROGRAMS REAL EXCHANGE RATE RECESSIONS REGIONAL AVERAGES REGRESSION ANALYSIS RULE OF LAW SECTORAL COMPOSITION SIGNIFICANT IMPACT SOCIAL VARIABLES SOUTH AMERICA STABILIZATION POLICIES STANDARD DEVIATION STRUCTURAL POLICIES SUB-SAHARAN AFRICA TECHNOLOGICAL CHANGE TELEPHONES THE TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE SHOCKS TRANSITIONAL CONVERGENCE TRINIDAD AND TOBAGO UNEMPLOYMENT VIOLENCE
Online Access:	http://documents.worldbank.org/curated/en/2005/03/5764391/economic-growth-latin-america-caribbean-stylized-facts-explanations-forecasts http://hdl.handle.net/10986/7315

id	okr-10986-7315
recordtype	oai_dc
spelling	okr-10986-73152021-04-23T14:02:27Z Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts Loayza, Norman Fajnzylber, Pablo Calderón, César ANTIGUA AND BARBUDA AUTOREGRESSION BAHAMAS BLACK MARKET BLACK MARKET PREMIUM BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INVESTMENT CENTRAL AMERICA CENTRAL AMERICAN CENTRAL BANK CIVIL LIBERTIES COUNTRY CASE COUNTRY REGRESSIONS CRIME CRISES CROSS-COUNTRY PERSPECTIVE CYCLICAL REVERSION CYCLICAL VOLATILITY DATA AVAILABILITY DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT RESEARCH DIRECT INVESTMENT ECONOMIC CONTRACTIONS ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC GROWTH RATE ECONOMIC GROWTH RATES ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIES OF SCALE EMPIRICAL RESULTS EMPIRICAL STUDIES ESTIMATION TECHNIQUES EXCHANGE RATE MISALIGNMENT EXERCISES EXPECTED VALUES EXPLAINING CHANGES EXPLANATORY VARIABLES EXPORTS EXTERNAL CONDITIONS EXTERNAL SHOCKS EXTERNALITIES FINANCIAL DEPTH FINANCIAL DEVELOPMENT FIXED EFFECTS FORECASTS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH COMPONENT GROWTH DETERMINANTS GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITY INDIVIDUAL COUNTRIES INDUSTRIALIZED COUNTRIES INFLATION INFLATION RATE INFLATION RATES INFRASTRUCTURE INVESTMENT LABOR FORCE LATIN AMERICAN LONG-RUN GROWTH M2/GDP MACROECONOMIC MISMANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMIES MEASUREMENT ERRORS MIDDLE EAST NORTH AFRICA OUTPUT GROWTH OUTPUT PER CAPITA OVERVALUATION POLICY CIRCLES POLITICAL DEVELOPMENT POLITICAL INSTABILITY POLITICAL RIGHTS POLITICAL STABILITY POOR POLICIES POVERTY LEVELS PRIVATE SECTOR PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC INFRASTRUCTURE PUBLIC PROGRAMS REAL EXCHANGE RATE RECESSIONS REGIONAL AVERAGES REGRESSION ANALYSIS RULE OF LAW SECTORAL COMPOSITION SIGNIFICANT IMPACT SOCIAL VARIABLES SOUTH AMERICA STABILIZATION POLICIES STANDARD DEVIATION STRUCTURAL POLICIES SUB-SAHARAN AFRICA TECHNOLOGICAL CHANGE TELEPHONES THE TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE SHOCKS TRANSITIONAL CONVERGENCE TRINIDAD AND TOBAGO UNEMPLOYMENT VIOLENCE Economic Growth in Latin America and the Caribbean analyzes whether economic reforms have been beneficial to growth in the region. In doing so, it recognizes that growth is driven by a variety of factors - in some cases poor growth is due to insufficient structural reforms (e.g., low trade openness), in others to inappropriate stabilization policies (e.g., exchange rate overvaluation), and still in others to negative international conditions (e.g., growth slowdown in industrial countries). It is obvious but still correct to say that identifying the problem is the first step towards the solution. This book contributes to this effort by examining the growth performance of countries in Latin America and the Caribbean, explaining the underlying sources of their economic growth, and designing a strategy for further growth. 2012-06-06T19:24:46Z 2012-06-06T19:24:46Z 2005 http://documents.worldbank.org/curated/en/2005/03/5764391/economic-growth-latin-america-caribbean-stylized-facts-explanations-forecasts 978-0-8213-6091-0 http://hdl.handle.net/10986/7315 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ANTIGUA AND BARBUDA AUTOREGRESSION BAHAMAS BLACK MARKET BLACK MARKET PREMIUM BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INVESTMENT CENTRAL AMERICA CENTRAL AMERICAN CENTRAL BANK CIVIL LIBERTIES COUNTRY CASE COUNTRY REGRESSIONS CRIME CRISES CROSS-COUNTRY PERSPECTIVE CYCLICAL REVERSION CYCLICAL VOLATILITY DATA AVAILABILITY DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT RESEARCH DIRECT INVESTMENT ECONOMIC CONTRACTIONS ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC GROWTH RATE ECONOMIC GROWTH RATES ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIES OF SCALE EMPIRICAL RESULTS EMPIRICAL STUDIES ESTIMATION TECHNIQUES EXCHANGE RATE MISALIGNMENT EXERCISES EXPECTED VALUES EXPLAINING CHANGES EXPLANATORY VARIABLES EXPORTS EXTERNAL CONDITIONS EXTERNAL SHOCKS EXTERNALITIES FINANCIAL DEPTH FINANCIAL DEVELOPMENT FIXED EFFECTS FORECASTS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH COMPONENT GROWTH DETERMINANTS GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITY INDIVIDUAL COUNTRIES INDUSTRIALIZED COUNTRIES INFLATION INFLATION RATE INFLATION RATES INFRASTRUCTURE INVESTMENT LABOR FORCE LATIN AMERICAN LONG-RUN GROWTH M2/GDP MACROECONOMIC MISMANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMIES MEASUREMENT ERRORS MIDDLE EAST NORTH AFRICA OUTPUT GROWTH OUTPUT PER CAPITA OVERVALUATION POLICY CIRCLES POLITICAL DEVELOPMENT POLITICAL INSTABILITY POLITICAL RIGHTS POLITICAL STABILITY POOR POLICIES POVERTY LEVELS PRIVATE SECTOR PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC INFRASTRUCTURE PUBLIC PROGRAMS REAL EXCHANGE RATE RECESSIONS REGIONAL AVERAGES REGRESSION ANALYSIS RULE OF LAW SECTORAL COMPOSITION SIGNIFICANT IMPACT SOCIAL VARIABLES SOUTH AMERICA STABILIZATION POLICIES STANDARD DEVIATION STRUCTURAL POLICIES SUB-SAHARAN AFRICA TECHNOLOGICAL CHANGE TELEPHONES THE TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE SHOCKS TRANSITIONAL CONVERGENCE TRINIDAD AND TOBAGO UNEMPLOYMENT VIOLENCE
spellingShingle	ANTIGUA AND BARBUDA AUTOREGRESSION BAHAMAS BLACK MARKET BLACK MARKET PREMIUM BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INVESTMENT CENTRAL AMERICA CENTRAL AMERICAN CENTRAL BANK CIVIL LIBERTIES COUNTRY CASE COUNTRY REGRESSIONS CRIME CRISES CROSS-COUNTRY PERSPECTIVE CYCLICAL REVERSION CYCLICAL VOLATILITY DATA AVAILABILITY DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT RESEARCH DIRECT INVESTMENT ECONOMIC CONTRACTIONS ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC GROWTH RATE ECONOMIC GROWTH RATES ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIES OF SCALE EMPIRICAL RESULTS EMPIRICAL STUDIES ESTIMATION TECHNIQUES EXCHANGE RATE MISALIGNMENT EXERCISES EXPECTED VALUES EXPLAINING CHANGES EXPLANATORY VARIABLES EXPORTS EXTERNAL CONDITIONS EXTERNAL SHOCKS EXTERNALITIES FINANCIAL DEPTH FINANCIAL DEVELOPMENT FIXED EFFECTS FORECASTS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH COMPONENT GROWTH DETERMINANTS GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITY INDIVIDUAL COUNTRIES INDUSTRIALIZED COUNTRIES INFLATION INFLATION RATE INFLATION RATES INFRASTRUCTURE INVESTMENT LABOR FORCE LATIN AMERICAN LONG-RUN GROWTH M2/GDP MACROECONOMIC MISMANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMIES MEASUREMENT ERRORS MIDDLE EAST NORTH AFRICA OUTPUT GROWTH OUTPUT PER CAPITA OVERVALUATION POLICY CIRCLES POLITICAL DEVELOPMENT POLITICAL INSTABILITY POLITICAL RIGHTS POLITICAL STABILITY POOR POLICIES POVERTY LEVELS PRIVATE SECTOR PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC INFRASTRUCTURE PUBLIC PROGRAMS REAL EXCHANGE RATE RECESSIONS REGIONAL AVERAGES REGRESSION ANALYSIS RULE OF LAW SECTORAL COMPOSITION SIGNIFICANT IMPACT SOCIAL VARIABLES SOUTH AMERICA STABILIZATION POLICIES STANDARD DEVIATION STRUCTURAL POLICIES SUB-SAHARAN AFRICA TECHNOLOGICAL CHANGE TELEPHONES THE TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE SHOCKS TRANSITIONAL CONVERGENCE TRINIDAD AND TOBAGO UNEMPLOYMENT VIOLENCE Loayza, Norman Fajnzylber, Pablo Calderón, César Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
geographic_facet	Latin America & Caribbean
description	Economic Growth in Latin America and the Caribbean analyzes whether economic reforms have been beneficial to growth in the region. In doing so, it recognizes that growth is driven by a variety of factors - in some cases poor growth is due to insufficient structural reforms (e.g., low trade openness), in others to inappropriate stabilization policies (e.g., exchange rate overvaluation), and still in others to negative international conditions (e.g., growth slowdown in industrial countries). It is obvious but still correct to say that identifying the problem is the first step towards the solution. This book contributes to this effort by examining the growth performance of countries in Latin America and the Caribbean, explaining the underlying sources of their economic growth, and designing a strategy for further growth.
format	Publications & Research :: Publication
author	Loayza, Norman Fajnzylber, Pablo Calderón, César
author_facet	Loayza, Norman Fajnzylber, Pablo Calderón, César
author_sort	Loayza, Norman
title	Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
title_short	Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
title_full	Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
title_fullStr	Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
title_full_unstemmed	Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
title_sort	economic growth in latin america and the caribbean : stylized facts, explanations, and forecasts
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/03/5764391/economic-growth-latin-america-caribbean-stylized-facts-explanations-forecasts http://hdl.handle.net/10986/7315
_version_	1764399427053682688

Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts

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