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- Title
The Latin American Development Problem: An Interpretation.
- Authors
RESTUCCIA, DIEGO
- Abstract
The article reports on the economic development problem in Latin America in relation to that of the U.S. It provides an assessment and interpretation of the poor economic performance in Latin America by focusing on trended data on gross domestic product (GDP) per capita between 1960 and 2009. It documents the basic facts about the development problem in Latin and decomposes GDP per capita to show that low total factor productivity (TFP) is at the core of the problem.
- Subjects
UNITED States; LATIN America; ECONOMIC development; FINANCIAL performance; GROSS domestic product; PER capita; INDUSTRIAL productivity
- Publication
Economia, 2013, Vol 13, Issue 2, p69
- ISSN
1533-6239
- Publication type
Article
- DOI
10.31389/eco.124