scholarly journals The International Crisis and Latin America: Growth Effects and Development Strategies

2011 ◽  
pp. 157-167 ◽  
Author(s):  
Vittorio Corbo ◽  
Klaus Schmidt-Hebbel
Keyword(s):  
Latin America ◽  
Development Strategies ◽  
International Crisis ◽  
Growth Effects

scholarly journals Determinants of Development Strategies in Latin America and East Asia

Pacific Focus ◽  
2008 ◽  
Vol 2 (1) ◽  
pp. 5-33 ◽  
Author(s):  
Gary Gereffi ◽  
Donald Wyman
Keyword(s):  
Latin America ◽  
East Asia ◽  
Development Strategies

scholarly journals Development strategies, specialization pattern and growth in Latin America

2021 ◽  
Vol 52 (Especial) ◽  
Author(s):  
Pedro Clavijo ◽  
Jimmy Melo
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Structural Break ◽  
Development Strategies ◽  
Economic Liberalization ◽  
Time Varying ◽  
Time Varying Parameter

This document determines the severity of the specialization pattern constraint on economic growth in Latin America for the period 1950-2016. For this purpose, Thirlwall’s Law is estimated with the help of cointegration with structural break and time-varying parameter techniques. The results compel the conclusion that the specialization pattern has constrained economic growth in Latin America for the whole period, but the constraint has tightened severely during economic liberalization. Since results suggest that Latin America is stuck in a trap of falling-behind growth due to the specialization pattern, Thirlwall’s Paradox is explored in a model that incorporates changes in productivity and reallocation of labor to analyze the conditions that allow investment to increase growth

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