Reform and Growth in Latin America: All Pain, No Gain?

IADB, Research Department Working Paper No. 351

31 Pages Posted: 4 Dec 2000

See all articles by Eduardo Fernandez-Arias

Eduardo Fernandez-Arias

Inter-American Development Bank (IDB)

Peter J. Montiel

Williams College - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: August 1997

Abstract

The paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparison and other relevant standards, analytically exploring and empirically testing a number of hypotheses to explain the perceived dissatisfaction with growth performance. It also estimates the long-run growth payoff of macroeconomic reforms, the additional gains that can be achieved by deepening this first generation of reforms, and the potential payoff from broadening the scope of reform into a second generation of reforms encompassing deeper structural and institutional areas.

Keywords: Structural reform, stabilization, growth

JEL Classification: E0, F3, O4

Suggested Citation

Fernandez-Arias, Eduardo and Montiel, Peter J., Reform and Growth in Latin America: All Pain, No Gain? (August 1997). IADB, Research Department Working Paper No. 351, Available at SSRN: https://ssrn.com/abstract=237554 or http://dx.doi.org/10.2139/ssrn.237554

Eduardo Fernandez-Arias (Contact Author)

Inter-American Development Bank (IDB) ( email )

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Peter J. Montiel

Williams College - Department of Economics ( email )

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HOME PAGE: http://www.williams.edu/Economics/faculty/montiel.htm

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