01683cas a2200241 a 4500 AALejournalIMF002728 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451959758 1018-5941 BD-DhAAL BD-DhAAL De Gregorio, Jose. Economic Growth in Latin America / Jose De Gregorio. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (58 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries in the sample. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. To a lesser extent, growth is negatively correlated with government consumption and political instability. The terms of trade appear to have no significant effect on growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/071/001.1991.issue-071-en.xml IMF e-Library