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Politics & the accumulation of human & physical capital in Latin America
(Centro de Investigación y Docencia Económicas, División de Economía, 1999)
Investment and education are frequently considered exogenous factors in the augmented Solow model, which seems to imply that less developed countries have chosen to be poor. In this paper, I test and find that both investment ...
A fresh look at Asian economic performance: a less restrictive test for miracles
(Centro de Investigación y Docencia Económicas, División de Economía, 1999)
The East Asian growth experience has sparked a controversy over whether growth in the region has been driven mostly by increases in productivity or by mere factor accumulation. I argue that, because of its overly restrictive ...
How much does policy matter for growth?: evidence from a panel of Latin American countries
(Centro de Investigación y Docencia Económicas, División de Economía, 1999)
This paper studies the effects of macro and political variables on real GDP growth in 17 Latin American countries for the period 1960-1990. I find that the augmented Solow model fits the Latin American data very well and ...