A fixed-effects model is developed to analyze the relationship between economic growth and agricultural development, trade balances, exports, and investment in Latin America and the Caribbean. The empirical evidence indicates a positive relationship between exports as a percentage of GDP and economic growth in the region. The results also show that persistent trade imbalances and a significant debt burden serve as a drag on economic growth, but investment and exports do not. The findings allow preliminary inferences to be made about the challenges to economic growth in the region.
|Original language||English (US)|
|Number of pages||15|
|Journal||Review of Regional Studies|
|State||Published - Dec 1 2001|
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Earth-Surface Processes