06389nam 2200709Ia 450 991082098140332120200520144314.01-280-11629-397866101162941-4175-8952-310.1596/0-8213-6091-4(CKB)1000000000031549(OCoLC)59009123(CaPaEBR)ebrary10078118(SSID)ssj0000086438(PQKBManifestationID)11111018(PQKBTitleCode)TC0000086438(PQKBWorkID)10030305(PQKB)11061044(MiAaPQ)EBC3050777(Au-PeEL)EBL3050777(CaPaEBR)ebr10078118(CaONFJC)MIL11629(The World Bank)2005043704(US-djbf)13905125(PPN)182459950(EXLCZ)99100000000003154920050318d2005 uy 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierEconomic growth in Latin America and the Caribbean stylized facts, explanations, and forecasts /Norman Loayza, Pablo Fajnzylber, Cesar Calderon1st ed.Washington, D.C. World Bankc2005vii, 156 pages illustrations ;26 cmBibliographic Level Mode of Issuance: Monograph0-8213-6092-2 0-8213-6091-4 Includes bibliographical references (p. 149-156).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.World Bank e-Library.Gross domestic productLatin AmericaGross domestic productCaribbean AreaLatin AmericaEconomic conditions1945-Caribbean AreaEconomic conditions1945-Gross domestic productGross domestic product339.38Loayza Norman1140812Fajnzylber Pablo1610214Calderon Cesar1681482MiAaPQMiAaPQMiAaPQBOOK9910820981403321Economic growth in Latin America and the Caribbean4050916UNINA