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Understanding Latin America and the Caribbean’s Income Gap

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dc.contributor.authorThompson Araujo, Jorge
dc.contributor.authorVostroknutova, Ekaterina
dc.contributor.authorWacker, Konstantin M.
dc.contributor.authorClavijo, Mateo
dc.contributor.editorThompson Araujo, Jorge
dc.contributor.editorVostroknutova, Ekaterina
dc.contributor.editorWacker, Konstantin M.
dc.contributor.editorClavijo, Mateo
dc.contributor.otherCaselli, Francesco
dc.contributor.otherEden, Maya
dc.contributor.otherNguyen, Ha
dc.contributor.otherSchiffbauer, Marc
dc.contributor.otherSahnoun, Hania
dc.contributor.otherBrown, J. David
dc.contributor.otherCrespi, Gustavo A.
dc.contributor.otherIacovone, Leonardo
dc.contributor.otherMarcolin, Luca
dc.contributor.otherJaramillo, Patricio A.
dc.date.accessioned2015-08-18T19:54:12Z
dc.date.available2015-08-18T19:54:12Z
dc.date.issued2015-07
dc.description.abstractEven nearly ten years of solid growth cannot guarantee long-term income convergence. The countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. Yet, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The studies in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24838845/understanding-latin-america-caribbean’s-income-gap
dc.identifier.doi10.1596/22485
dc.identifier.urihttps://hdl.handle.net/10986/22485
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFORECASTS
dc.subjectCENTRAL PLANNING
dc.subjectECONOMIC GROWTH
dc.subjectPRODUCTION
dc.subjectLAGS
dc.subjectSTOCK
dc.subjectSTRUCTURAL CHANGE
dc.subjectDISPOSABLE INCOME
dc.subjectDEFLATION
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectPERFECT COMPETITION
dc.subjectREAL GDP
dc.subjectPROPERTY RIGHTS
dc.subjectGDP PER CAPITA
dc.subjectMACROECONOMIC POLICY
dc.subjectLIQUIDITY
dc.subjectEXPORTS
dc.subjectELASTICITY
dc.subjectMARGINAL PRODUCT
dc.subjectPOLITICAL ECONOMY
dc.subjectECONOMIC STRUCTURE
dc.subjectFISCAL POLICY
dc.subjectWELFARE
dc.subjectBOOK VALUE
dc.subjectOPTIMIZATION
dc.subjectINCENTIVES
dc.subjectDISTRIBUTION
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectVARIABLES
dc.subjectDEVELOPMENT POLICIES
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectINPUTS
dc.subjectRETURNS TO SCALE
dc.subjectWEALTH
dc.subjectTRENDS
dc.subjectECONOMIC OUTLOOK
dc.subjectCENTRAL BANK
dc.subjectDEVELOPMENT
dc.subjectINFLUENCE
dc.subjectMARGINAL PRODUCTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectPER CAPITA INCOME
dc.subjectCOSTS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectEXPORT GROWTH
dc.subjectTELECOMMUNICATIONS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectPRODUCTIVITY
dc.subjectECONOMETRICS
dc.subjectEXTERNALITIES
dc.subjectFAILURES
dc.subjectMONOPOLY
dc.subjectCRITERIA
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectINCOME LEVELS
dc.subjectINVENTORIES
dc.subjectUTILITY
dc.subjectNATURAL RESOURCES
dc.subjectAVERAGING
dc.subjectINVENTORY
dc.subjectECONOMIC RESEARCH
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectGROWTH THEORIES
dc.subjectPRODUCTIVITY GROWTH
dc.subjectCONSUMPTION
dc.subjectHUMAN CAPITAL
dc.subjectVALUE ADDED
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMIC PERFORMANCE
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectDEFLATORS
dc.subjectECONOMIC OUTCOMES
dc.subjectINTERNATIONAL TRADE
dc.subjectECONOMETRIC ANALYSIS
dc.subjectPRODUCTIVITY INCREASES
dc.subjectVALUE
dc.subjectCOMPETITIVENESS
dc.subjectCREDIT
dc.subjectMACROECONOMICS
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectPATENTS
dc.subjectUTILITY FUNCTION
dc.subjectAGGREGATE DEMAND
dc.subjectEXPECTED VALUE
dc.subjectINEFFICIENCY
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectPRODUCTIVE ASSETS
dc.subjectECONOMY
dc.subjectAGRICULTURE
dc.subjectMEASUREMENT
dc.subjectSHARES
dc.subjectBENCHMARK
dc.subjectECONOMIC THEORY
dc.subjectTRADE LIBERALIZATION
dc.subjectPRODUCTION FUNCTION
dc.subjectECONOMICS
dc.subjectOUTPUT PER CAPITA
dc.subjectCLOSED ECONOMY
dc.subjectPROPRIETORSHIP
dc.subjectTRADE
dc.subjectUSE VALUE
dc.subjectGDP
dc.subjectGOODS
dc.subjectTHEORY
dc.subjectBANK LOANS
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectGROWTH RATE
dc.subjectINVESTMENT
dc.subjectEXPECTED UTILITY
dc.subjectGROWTH POLICY
dc.subjectNEOCLASSICAL MODELS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCREDIT RATIONING
dc.subjectPRODUCT MARKETS
dc.subjectADVERSE EFFECT
dc.subjectCONSUMER PRICE INDEX
dc.subjectMONOPOLISTIC COMPETITION
dc.subjectVALUE ADDED
dc.subjectGROWTH POLICIES
dc.subjectGROWTH THEORY
dc.subjectPRICE INDEXES
dc.subjectRISK AVERSION
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectOUTCOMES
dc.subjectMARGINAL UTILITY
dc.subjectMANAGERIAL EFFICIENCY
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectPRICES
dc.subjectDEVELOPMENT POLICY
dc.subjectCOMPETITION
dc.subjectFUTURE RESEARCH
dc.titleUnderstanding Latin America and the Caribbean’s Income Gapen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2015-07-29
okr.date.doiregistration2025-05-05T12:38:55.947849Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/24838845/understanding-latin-america-caribbean’s-income-gap
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid763601467997615813
okr.identifier.externaldocumentum090224b083034eda_1_0
okr.identifier.internaldocumentum24838845
okr.identifier.report97885
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/07/29/090224b083034eda/1_0/Rendered/PDF/Understanding00ribbean0s0income0gap.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.topicPrivate Sector Development::E-Business
okr.topicSocial Protections and Labor::Labor Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth::Political Economy
okr.unitGMF Latin America (GMF04)
relation.isAuthorOfPublication2e67c531-c715-5957-9736-c0da34b1ddb7
relation.isAuthorOfPublicatione5daa287-d71e-5574-9de0-fd7c636e5828
relation.isAuthorOfPublicationff584b19-b0db-5505-b839-448511b173f1
relation.isAuthorOfPublication.latestForDiscovery2e67c531-c715-5957-9736-c0da34b1ddb7
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