Beyond Commodities

Thompson Araujo, Jorge; Brueckner, Markus; Clavijo, Mateo; Vostroknutova, Ekaterina; Wacker, Konstantin M.

Report

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

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
dc.subject	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
dc.subject	POTENTIAL OUTPUT
dc.subject	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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Beyond Commodities : The Growth Challenge of Latin America and the Caribbean

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World Development Report 1994 : Infrastructure for Development

World Development Report 2018 : Learning to Realize Education's Promise

Poverty and Shared Prosperity 2018 : Piecing Together the Poverty Puzzle

Benchmarking the Determinants of Economic Growth in Latin America and the Caribbean

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From Growth Theory to Policy Design

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

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World Development Report 1994 : Infrastructure for Development

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