Determinantes del crecimiento en America Latina: Analisis empirico de los sistemas bancarios

Carton, Christine and Ronquillo, Cely (2008): Determinantes del crecimiento en America Latina: Analisis empirico de los sistemas bancarios. Published in: Global Conference on Business and Finance Proceedings , Vol. 3 (2), No. 3 (May 2008): pp. 506-519.

Abstract

This article examines a theoretical framework for an explanation for the processes of growth experienced by the economies of Latin America. The economic literature is devoted primarily to analyze this topic based on the use of the macroeconomic production function as the main analytical concept. It is proposed to validate empirically the interaction between financial development and human capital as determinant of the processes of growth for the Latin American region. Thus, the major contribution of this study is the application of a translog production function which allows the analysis of the interaction that can exist between explanatory variables. Estimates are made with a panel data from 1980 to 2004, based on a sample of 16 countries representing the Latin American region. We found significant results suggest that financial development is as important as human capital for economic growth.

• Item Type: MPRA Paper
• English Title: Economic growth determinants in Latin American region: An empirical analysis based on bank systems role
• Language: Spanish
• Keywords: América Latina;Crecimiento;Desarrollo financiero;Capital humano;Datos en panel
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models; N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N16 - Latin America ; Caribbean; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models

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