Challenges to economic growth in Latin America and the Caribbean: A preliminary exploration

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Abstract

A fixed-effects model is developed to analyze the relationship between economic growth and agricultural development, trade balances, exports, and investment in Latin America and the Caribbean. The empirical evidence indicates a positive relationship between exports as a percentage of GDP and economic growth in the region. The results also show that persistent trade imbalances and a significant debt burden serve as a drag on economic growth, but investment and exports do not. The findings allow preliminary inferences to be made about the challenges to economic growth in the region.

Original languageEnglish (US)
Pages (from-to)277-291
Number of pages15
JournalReview of Regional Studies
Volume31
Issue number3
StatePublished - Dec 1 2001

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Earth-Surface Processes

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