Economic growth in Latin America and the Caribbean : stylized facts, explanations, and forecasts / / Norman Loayza, Pablo Fajnzylber, Cesar Calderon

• Record Nr.: UNINA9910820981403321
• Autore: Loayza Norman
• Pubbl/distr/stampa: Washington, D.C., : World Bank, c2005
• ISBN: 1-280-11629-3; 9786610116294; 1-4175-8952-3
• Edizione: [1st ed.]
• Descrizione fisica: vii, 156 pages : illustrations ; ; 26 cm
• Altri autori (Persone): FajnzylberPablo; CalderonCesar
• Disciplina: 339.38
• Soggetti: Gross domestic product - Latin America; Gross domestic product - Caribbean Area; Latin America Economic conditions 1945-; Caribbean Area Economic conditions 1945-
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references (p. 149-156).
• Nota di contenuto: Intro -- Contents -- Acknowledgments -- Introduction -- 1. Stylized Facts -- Trend and Cyclical Components of GDP Growth -- Growth Accounting -- Growth, Investment, and Saving -- Summary -- 2. Determinants of Growth -- Setup -- Growth Determinants -- Transitional convergence -- Cyclical reversion -- Structural policies and institutions -- Stabilization policies -- External conditions -- Sample and Descriptive Statistics -- Estimation Methodology -- Results -- Main results -- Comparison with results under other estimation methods and time horizons -- Growth Explanations -- Explaining changes in growth rates over time -- Explaining differences in growth rates across countries -- 3. Growth in the Future -- Future Growth under Realistic Expectations -- Projections for growth determinants -- Forecasts for the average country in Latin America and the Caribbean -- Country forecasts -- Future Growth under Sharp Reform -- 4. Conclusions -- APPENDIXES -- A. Solow Growth Accounting -- B. Definitions and Sources of Variables Used in Regression Analysis -- C. ; Sample of Countries -- D. Explaining Changes in Growth by Country -- Bibliography -- LIST OF BOXES -- 1. Literature Review on Economic Growth in Latin America and the Caribbean -- LIST OF TABLES -- 1. Growth Rates of GDP Per Capita by Region, 1961-2000 -- 2. Growth Rates of GDP Per Capita by Country, 1961-2000 -- 3. Growth Rates of Trend GDP Per Capita by Region, 1961-2000 -- 4. Growth Rates of Trend GDP Per Capita by Country, 1961-2000 -- 5. Volatility of GDP Per Capita by Region, 1961-2000 -- 6. Volatility of GDP Per Capita by Country, 1961-2000 -- 7. Simple Growth Accounting, 1961-2000 -- 8. Growth Accounting Adjusted for Human Capital, 1961-2000 -- 9. Growth Accounting Adjusted for Human Capital and Input Utilization, 1971-2000 -- 10. Saving, Growth, and Investment: Bivariate Causality Analysis.; 11. Descriptive Statistics of Economic Growth and Its Determinants: Univariate Statistics -- 12. Descriptive Statistics of Economic Growth and Its Determinants: Bivariate Correlations -- 13. Economic Growth Regressions: Various Estimation Methods -- 14. Economic Growth Regressions: Various Time Horizons -- 15. Explaining Changes in Growth between Decades -- 16. Explaining Changes in Growth between Five-Year Periods -- 17. Explaining Differences in Growth Rates with the Best-Performing Country in the 1990s -- 18. Procedures for Computing Projections under a Scenario of Continuing Trends -- 19. Growth Forecasts under a Scenario of Continuous Trends -- 20. Growth Forecasts under a Scenario of Sharp Progress to the Top 25 Percent of Latin American and the Caribbean -- 21. Growth Forecasts under a Scenario of Sharp Progress to the Top 25 Percent of the World -- LIST OF FIGURES -- 1. Growth Rates of GDP Per Capita by Region, 1961-2000 -- 2. Growth Rates of GDP per Capita, Selected Latin American Countries, 1961-2000 -- 3. Growth Rates of GDP Per Capita by Country, 1961-2000 -- 4. Growth Rates of Trend GDP Per Capita by Region, 1961-2000 -- 5. Volatility of GDP Per Capita by Region, 1961-2000 -- 6. Simple Growth Decomposition, Median Country by Decade -- 7. Growth Decomposition Adjusted for Human Capital, Median Country by Decade -- 8. Growth Decomposition Adjusted for Human Capital and Input Utilization, Median Country by Decade -- 9. Explaining Changes in Growth between the 1980s and 1990s, Selected Latin American Countries -- 10. Explaining Changes in Growth between the 1970s and 1980s, Selected Latin American Countries -- 11. Changes in the Growth Rate due to Structural Reforms and Stabilization Policies between the 1980s and 1990s -- 12. Changes in the Growth Rate due to Structural Reforms and Stabilization Policies between the 1970s and 1980s.; 13. Projected Change in the Growth Rate due to Advances in Structural Reform, 2000-10 versus 1991-99 -- 14. Projected Change in the Growth Rate due to Advances in Stabilization Policies, 2000-10 versus 1991-99 -- 15. Growth Forecasts for South America under a Scenario of a Continuous Trend -- 16. Growth Forecasts for Central America and the Caribbean under a Scenario of a Continuous Trend.