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Beyond Commodities : The Growth Challenge of Latin America and the Caribbean

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collection.link.87
https://openknowledge.worldbank.org/handle/10986/2195
collection.name.87
General Economy, Macroeconomics, and Growth Study
dc.contributor.author
Thompson Araujo, Jorge
dc.contributor.author
Brueckner, Markus
dc.contributor.author
Clavijo, Mateo
dc.contributor.author
Vostroknutova, Ekaterina
dc.contributor.author
Wacker, Konstantin M.
dc.date.accessioned
2015-04-28T17:04:14Z
dc.date.available
2015-04-28T17:04:14Z
dc.date.issued
2014-12-01
dc.description.abstract
The Latin America and Caribbean (LAC) region has seen a decade of remarkable growth and income convergence. Growth has been a key driver for reducing poverty and boosting shared prosperity. It has been debated how much of this decade of growth has been driven by policy reforms and how much was due to the favorable external conditions. While external factors were supportive and relevant, the effect of domestic policies was just as relevant for explaining LAC's recent growth performance. The emphasis of domestic policy has shifted from stabilization policies to structural policies. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. The authors analyze growth in LAC using descriptive statistics and growth econometrics. The authors use these results for explaining the pattern of growth in LAC over the last decade, for looking ahead, and to identify potential policy gaps.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/12/24349586/benchmarking-determinants-economic-growth-latin-america-caribbean
dc.identifier.uri
http://hdl.handle.net/10986/21807
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSOLUTE VALUE
dc.subject
ACCOUNTABILITY
dc.subject
ACTUAL GROWTH
dc.subject
ADVERSE EFFECTS
dc.subject
AGGREGATE PRODUCTION FUNCTION
dc.subject
AGGREGATE SUPPLY
dc.subject
AGGREGATE SUPPLY CURVE
dc.subject
ANNUAL GROWTH
dc.subject
AVERAGE GROWTH
dc.subject
AVERAGE GROWTH RATES
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOME GROWTH
dc.subject
BANKING CRISIS
dc.subject
BENCHMARKING
dc.subject
BENCHMARKS
dc.subject
BUREAUCRACY
dc.subject
CAPITA INCOME GROWTH
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FORMATION
dc.subject
CAPITAL STOCK
dc.subject
CITIZENS
dc.subject
COMPETITIVENESS
dc.subject
COMPLEMENTARITIES
dc.subject
CORRELATION COEFFICIENT
dc.subject
CORRELATION COEFFICIENTS
dc.subject
CORRUPTION
dc.subject
COUNTRY LEVEL
dc.subject
COUNTRY REGRESSIONS
dc.subject
CREDIT CONSTRAINTS
dc.subject
CRISES
dc.subject
CURRENCY APPRECIATION
dc.subject
CYCLICAL REVERSION
dc.subject
DEPENDENT VARIABLE
dc.subject
DESCRIPTIVE STATISTICS
dc.subject
DETERMINANTS OF GROWTH
dc.subject
DEVELOPING COUNTRIES
dc.subject
DOMESTIC CONSUMPTION
dc.subject
DOMESTIC CREDIT/GDP
dc.subject
DOMESTIC DEMAND
dc.subject
DYNAMIC MODEL
dc.subject
DYNAMIC PANEL
dc.subject
ECONOMETRICS
dc.subject
ECONOMIC DEPRESSION
dc.subject
ECONOMIC DOWNTURNS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC GROWTH RATE
dc.subject
ECONOMIC THEORY
dc.subject
ECONOMICS
dc.subject
EDUCATIONAL ATTAINMENT
dc.subject
ELASTICITY
dc.subject
EMPIRICAL GROWTH LITERATURE
dc.subject
EMPIRICAL MODEL
dc.subject
EMPIRICAL STUDIES
dc.subject
ENDOGENOUS VARIABLES
dc.subject
ERROR TERM
dc.subject
ESTIMATED COEFFICIENT
dc.subject
ESTIMATED COEFFICIENTS
dc.subject
EXCHANGE RATE MISALIGNMENT
dc.subject
EXPLANATORY VARIABLES
dc.subject
EXPORTS
dc.subject
EXTERNAL CONDITIONS
dc.subject
EXTERNAL FACTORS
dc.subject
EXTERNAL SHOCKS
dc.subject
FACTOR ACCUMULATION
dc.subject
FINANCIAL CONDITIONS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL DEVELOPMENT
dc.subject
FISCAL POLICY
dc.subject
FIXED EFFECTS
dc.subject
FLUCTUATIONS
dc.subject
FORECASTS
dc.subject
GDP PER CAPITA
dc.subject
GOVERNANCE INDICATORS
dc.subject
GOVERNMENT CONSUMPTION
dc.subject
GOVERNMENT EFFECTIVENESS
dc.subject
GROWTH ACCOUNTING
dc.subject
GROWTH DETERMINANTS
dc.subject
GROWTH EFFECT
dc.subject
GROWTH EFFECTS
dc.subject
GROWTH EPISODE
dc.subject
GROWTH MEAN
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
GROWTH REGRESSIONS
dc.subject
GROWTH VOLATILITY
dc.subject
HIGH GROWTH
dc.subject
HIGH INCOME
dc.subject
HIGH INFLATION
dc.subject
HIGH TAXES
dc.subject
HOUSEHOLD SURVEYS
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN CAPITAL DEVELOPMENT
dc.subject
IMPROVING GOVERNANCE
dc.subject
INCOME GROWTH
dc.subject
INCOME LEVEL
dc.subject
INCOME LEVELS
dc.subject
INCOME PER CAPITA
dc.subject
INCREASE IN LABOR
dc.subject
INFLATION LEVELS
dc.subject
INFLATION RATE
dc.subject
INFLATION RATES
dc.subject
INFLATIONARY PRESSURES
dc.subject
INSTITUTIONAL ENVIRONMENT
dc.subject
INSTITUTIONAL FRAMEWORK
dc.subject
INSTITUTIONAL PERFORMANCE
dc.subject
INSTITUTIONAL QUALITY
dc.subject
INSTITUTIONAL REFORM
dc.subject
INSTITUTIONAL REFORMS
dc.subject
INSTRUMENTAL VARIABLES
dc.subject
INTERACTION TERM
dc.subject
INTEREST RATES
dc.subject
LABOR FORCE
dc.subject
LABOR INPUT
dc.subject
LAGGED CHANGES
dc.subject
LAGGED DEPENDENT
dc.subject
LAGGED GROWTH
dc.subject
LAGGED LEVELS
dc.subject
LEVEL OF INCOME
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
LONG RUN
dc.subject
LONG-TERM GROWTH
dc.subject
LOW INFLATION
dc.subject
MACROECONOMIC CONDITIONS
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MACROECONOMIC VOLATILITY
dc.subject
MACROECONOMICS
dc.subject
MARKET ECONOMIES
dc.subject
MEASUREMENT ERROR
dc.subject
MONETARY POLICY
dc.subject
NEGATIVE IMPACT
dc.subject
NEGATIVE IMPACT ON GROWTH
dc.subject
NEOCLASSICAL GROWTH MODEL
dc.subject
NEOCLASSICAL GROWTH MODELS
dc.subject
NEOCLASSICAL GROWTH THEORY
dc.subject
NET EXPORTS
dc.subject
OUTPUT PER CAPITA
dc.subject
PER CAPITA GROWTH
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PER CAPITA INCOME
dc.subject
POLICY AREAS
dc.subject
POLICY DEBATE
dc.subject
POLICY REFORMS
dc.subject
POLICY VARIABLES
dc.subject
POLITICAL INSTITUTIONS
dc.subject
POLITICAL STABILITY
dc.subject
POOR COUNTRIES
dc.subject
POOR GROWTH
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POTENTIAL OUTPUT
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POVERTY REDUCTION
dc.subject
PRICE LEVELS
dc.subject
PRIMARY SCHOOL
dc.subject
PRIVATE DOMESTIC
dc.subject
PRO-POOR
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC INFRASTRUCTURE
dc.subject
PUBLIC SPENDING
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GDP
dc.subject
REDUCING POVERTY
dc.subject
REGRESSION MODEL
dc.subject
REGULATORY QUALITY
dc.subject
RICH COUNTRIES
dc.subject
SAFETY NETS
dc.subject
SERIAL CORRELATION
dc.subject
SIGNIFICANT EFFECT
dc.subject
SIGNIFICANT IMPACT
dc.subject
SOCIAL VARIABLES
dc.subject
STABILIZATION POLICIES
dc.subject
STABILIZATION POLICY
dc.subject
STAGNATION
dc.subject
STANDARD DEVIATION
dc.subject
STANDARD ERRORS
dc.subject
STRUCTURAL POLICIES
dc.subject
TECHNOLOGICAL PROGRESS
dc.subject
TELECOMMUNICATIONS
dc.subject
TELEPHONE LINES
dc.subject
TELEPHONES
dc.subject
TRADABLE SECTORS
dc.subject
TRADE OPENNESS
dc.subject
TRADE VOLUME/GDP
dc.subject
WEALTH
dc.title
Beyond Commodities
en
dc.title.subtitle
The Growth Challenge of Latin America and the Caribbean
en
dc.type
Report
en
okr.date.disclosure
2015-04-13
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study
okr.docurl
http://documents.worldbank.org/curated/en/2014/12/24349586/benchmarking-determinants-economic-growth-latin-america-caribbean
okr.globalpractice
Macroeconomics and Fiscal Management
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000406484_20150413100738
okr.identifier.internaldocumentum
24349586
okr.identifier.report
91015
okr.language.supported
en
okr.pdfurl
/IB/2015/04/13/000406484_20150413100738/additional/122290272_201503103012959.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.sector
Public Administration, Law, and Justice :: General public administration sector
okr.sector
Education
okr.sector
Finance
okr.sector
Industry and trade
okr.sector
Industry and trade :: Other domestic and international trade
okr.sector
Industry and trade :: General industry and trade sector
okr.theme
Economic management :: Analysis of economic growth
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Governance :: Governance Indicators
okr.topic
Economic Theory and Research
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.unit
Macro & Fiscal Mgmt - GP (GMFDR)

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