出版社:Universidad Nacional de Colombia - Facultad de Ciencias Económicas
摘要:The aim of this paper is to provide an institutional explanation for the sharp volatility of economic growth in Latin America and the Caribbean, given its persistence over time and the dramatic consequences in terms of poverty for the region. The contribution is to conduct the first analysis of 28 countries during 2002-2010, using a static model of cross section by two-stage least squares. The results support the substantial impact of institutions on reducing volatility, primarily political in nature, and provide evidence of the need for use of sampling criteria homogenization.
关键词:Instituciones; Calidad Institucional; Volatilidad; Crecimiento Económico; América Latina y el Caribe.