G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3161
来源IDWorking Paper 3161
Latin American Economic Development: 1950-1980
Eliana A. Cardoso; Albert Fishlow
发表日期1989-11-01
出版年1989
语种英语
摘要The paper stresses the evolutionary and adaptive experience of Latin American growth between 1950 and 1980, and provides a synthetic view by considering the sources of growth within a simple production framework. Regressions use quinquennial panel data for 18 Latin American countries.They provide an estimate of the net return to investment, of the elasticity of output to labor and of the contribution of other variables with influence on efficiency. The regressions show that Latin American growth varied systematically with trade performance. The paper provides information on the effects of inflation upon per capita income growth in the region. There is a negative correlation: an inflation rate of even 20 percent reduces the per capita growth rate by 0.4 percentage point, or almost 1.5 percent of the regional mean of 3 percent growth between 1950 and 1980. This result does not hold, however, once high inflation observations are excluded. Finally we call attention to the persistent problems of income distribution and poverty.
主题Macroeconomics
URLhttps://www.nber.org/papers/w3161
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560443
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GB/T 7714
Eliana A. Cardoso,Albert Fishlow. Latin American Economic Development: 1950-1980. 1989.
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