Economic Growth in Latin America in the Late 20th Century

Download or read book Economic Growth in Latin America in the Late 20th Century written by Andrés Solimano and published by UN. This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to advance our understanding of the growth patterns of the Latin American economy in the final decades of the 20th century. The paper focuses on the analysis of medium-to-long run growth, as opposed to the standard discussion of the determinants of high frequency fluctuations (business cycles), and disentangles the contribution of factor accumulation and total factor productivity. It also aims to understand the spells of prosperity and stagnation in several important economies of the region, as well as identify stories of growth decline and divergence in recent decades.