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Economic Growth in Latin America in the Late 20th Century

Evidence and Interpretation

  • Author: UN, ECLAC
  • Publication date: August 2005
  • Page count: 44
  • Language(s) in this book: English
  • Sales number: 04.II.G.156

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About the product

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.