Long run economic development in Latin America in a comparative perspective: proximate and ultimate causes

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(8/2001)
cepal.callNumberLC/L.1665-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade9083
cepal.jobNumberS01121079 E
cepal.physicalDescriptiondiagramas, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber01.II.G.199
cepal.topicEngINCOME DISTRIBUTION
cepal.topicEngPRODUCTIVITY
cepal.topicEngINFLATION
cepal.topicSpaDISTRIBUCIÓN DEL INGRESO
cepal.topicSpaPRODUCTIVIDAD
cepal.topicSpaINFLACIÓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorHofman, André A.
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:12:09Z
dc.date.available2014-01-02T16:12:09Z
dc.date.issued2001-12
dc.descriptionIncludes bibliography
dc.description.abstractAbstract   This paper describes trends in economic growth and its causes in several Latin American countries in the 20th century. In the explanatory scheme, a distinction is made between 'proximate' and 'ultimate' causes of economic growth. Proximate causes are those areas of causality where models and quantification is possible, whereas ultimate causes are much more difficult to quantify. Some elements in the realm of the ultimate causes (like institutions and income distribution) will be analysed in an historical perspective and others, especially total factor productivity and growth accounting, in the proximate scheme. Latin America's performance is also compared to developed and other developing countries.   The paper provides a quantitative assessment of Latin American economic growth performance in the twentieth century in a comparative perspective. Within the region it was found that heterogeneity has not decreased and no clear tendencies of convergence can be detected. The reform process of the late 1980s and 1990s was implemented because of the profound crisis of the 1980s and the detection of some structural weaknesses in the Latin American economies. Some aggressive and early reformers show impressive growth results (e.g. Chile) but on the whole, the growth performance in the 1990s has been rather disappointing.   The paper stresses the fact that the proximate causes are not independent of the ultimate causes of growth as to a significant degree, proximate causes are dimensions through which ultimate causes can be seen to operate. At the proximate level, the interaction between capital accumulation and technological progress is an example of this interdependence. At the ultimate level, there exists interaction between the institutional framework of a society and the implementation of economic policy. An example of interdependence between the ultimate and proximate levels is the relationship between technological progress and the institutional context.   The paper concludes with a description of some of the most important characteristics of Latin America in the realm of the ultimate causes. The interdependence between proximate and ultimate is mainly analysed in terms of growth. Besides the unsatisfactory growth performance, equity aspects are another worrying characteristic of contemporary trends in the region and institutional factors are probably key determinants in explaining the weak relationship between growth and equity.
dc.formatTexto
dc.format.extent41 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211213371
dc.identifier.unSymbolLC/L.1665-P
dc.identifier.urihttps://hdl.handle.net/11362/5460
dc.language.isoeng
dc.physicalDescription41 p. : diagrs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo8
dc.rights.coarDisponible
dc.subject.unbisEngCOMPARATIVE ANALYSIS
dc.subject.unbisEngECONOMIC FORECASTS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC LIBERALIZATION
dc.subject.unbisEngECONOMIC PROJECTIONS
dc.subject.unbisEngECONOMIC REFORM
dc.subject.unbisEngINCOME DISTRIBUTION
dc.subject.unbisEngINFLATION
dc.subject.unbisEngPRODUCTIVITY
dc.subject.unbisSpaANALISIS COMPARATIVO
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDISTRIBUCION DEL INGRESO
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaLIBERALIZACION ECONOMICA
dc.subject.unbisSpaPRODUCTIVIDAD
dc.subject.unbisSpaPRONOSTICOS ECONOMICOS
dc.subject.unbisSpaPROYECCIONES ECONOMICAS
dc.subject.unbisSpaREFORMA ECONOMICA
dc.titleLong run economic development in Latin America in a comparative perspective: proximate and ultimate causes
dc.type.coarlibro
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