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Economic Growth: Panel Data Evidence from Latin America

Cancado, Luciana P.

Abstract Details

2005, Master of Arts (MA), Ohio University, International Studies - Latin America.

This paper is concerned with the impacts of various growth determinants on the per capita growth rate in Latin America. The choice of explanatory variables is based on the framework proposed by Barro and Sala-i-Martin (1999). Panel data technique is used to estimate the growth regression using data on seventeen Latin American countries from 1952 to 2000.

The regression results show evidence of conditional convergence among the countries studied, pointing to the need for an upward shift in the steady-state level of the region. The results indicate that per capita growth in Latin America increases with an increase of the life expectancy, openness and investment. On the other hand, the initial level of GDP per capita, government spending and the polity score are found to be negatively related to the per capita growth rate. A puzzling finding is that schooling is not a significant determinant for growth in Latin America.

Julia Paxton (Advisor)
53 p.

Recommended Citations

Citations

  • Cancado, L. P. (2005). Economic Growth: Panel Data Evidence from Latin America [Master's thesis, Ohio University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1127143858

    APA Style (7th edition)

  • Cancado, Luciana. Economic Growth: Panel Data Evidence from Latin America. 2005. Ohio University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1127143858.

    MLA Style (8th edition)

  • Cancado, Luciana. "Economic Growth: Panel Data Evidence from Latin America." Master's thesis, Ohio University, 2005. http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1127143858

    Chicago Manual of Style (17th edition)