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Growth and Reforms in Latin America: A Survey of Facts and Arguments

Jeromin Zettelmeyer

European Bank for Reconstruction and Development; CEPR; Peter G. Peterson Institute for International Economics

September 2006

IMF Working Paper No. 06/210

This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has consistently exhibited higher macroeconomic volatility, lower openness, and higher income inequality, though openness and macroeconomic stability have improved since the early 1990s. The paper then discusses three views of why reforms have not led to higher growth in Latin America: that reforms have gone too far; that reforms have not gone far enough; and that reforms have missed the point.

Number of Pages in PDF File: 40

Keywords: Growth, Reforms, Volatility, Latin America

JEL Classification: O11, O15, O17, O54

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Date posted: October 31, 2006  

Suggested Citation

Zettelmeyer, Jeromin, Growth and Reforms in Latin America: A Survey of Facts and Arguments (September 2006). IMF Working Paper, Vol. , pp. 1-40, 2006. Available at SSRN: http://ssrn.com/abstract=941272

Contact Information

Jeromin Zettelmeyer (Contact Author)
European Bank for Reconstruction and Development ( email )
One Exchange Square
London, EC2A 2JN
United Kingdom
+442073386178 (Phone)
+442073386110 (Fax)
HOME PAGE: http://www.ebrd.com/pages/research/economics/researchers.shtml#jeromin
CEPR ( email )
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036
United States
Feedback to SSRN

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