Development strategies, specialization pattern and growth in Latin America

نویسندگان

چکیده

This document determines the severity of specialization pattern constraint on economic growth in Latin America for period 1950-2016. For this purpose, Thirlwall’s Law is estimated with help cointegration structural break and time-varying parameter techniques. The results compel conclusion that has constrained whole period, but tightened severely during liberalization. Since suggest stuck a trap falling-behind due to pattern, Paradox explored model incorporates changes productivity reallocation labor analyze conditions allow investment increase

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ژورنال

عنوان ژورنال: Problemas del Desarrollo

سال: 2021

ISSN: ['2007-8951', '0301-7036']

DOI: https://doi.org/10.22201/iiec.20078951e.2021.especial.69576