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Growing Pains: Binding Constraints to Productive Investment in Latin America

Author

Listed:
  • Fernández-Arias, Eduardo
  • Jaramillo, Fidel
  • Agosin, Manuel R.
  • Sánchez, Gabriel
  • Butler, Inés
  • Blyde, Juan S.
  • Pinheiro, Armando Castelar
  • Daude, Christian
  • Cueva Armijos, Simón
  • Albornoz, Vicente
  • Avellán, Leopoldo
  • Artana, Daniel
  • Auguste, Sebastián
  • Cuevas, Mario
  • Hausmann, Ricardo
  • Klinger, Bailey
  • Bolaños Zamora, Rodrigo
  • Delgado Quesada, Félix
  • Moya, Ramiro
  • Sookram, Sandra
  • Watson, Patrick
Abstract
Why are growth rates in Latin America so disappointing? This book reviews the results of an ambitious research project to determine the binding constraints to growth, that is, the barrier whose removal would yield the greatest benefit in terms of growth. Included are case studies from seven countries in the region: Argentina, Brazil, Ecuador, Guatemala, Peru, Nicaragua, Trinidad and Tobago.

Suggested Citation

  • Fernández-Arias, Eduardo & Jaramillo, Fidel & Agosin, Manuel R. & Sánchez, Gabriel & Butler, Inés & Blyde, Juan S. & Pinheiro, Armando Castelar & Daude, Christian & Cueva Armijos, Simón & Albornoz, Vi, 2009. "Growing Pains: Binding Constraints to Productive Investment in Latin America," IDB Publications (Books), Inter-American Development Bank, number 305, December.
    • Handle: RePEc:idb:idbbks:305
    as

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    References listed on IDEAS

    as
    1. Hausmann, Ricardo & Klinger, Bailey, 2006. "Structural Transformation and Patterns of Comparative Advantage in the Product Space," Working Paper Series rwp06-041, Harvard University, John F. Kennedy School of Government.
    2. C. A. Hidalgo & B. Klinger & A. -L. Barabasi & R. Hausmann, 2007. "The Product Space Conditions the Development of Nations," Papers 0708.2090, arXiv.org.
    3. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    4. Jaffe, Adam B, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Value," American Economic Review, American Economic Association, vol. 76(5), pages 984-1001, December.
    5. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    6. Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 577-598.
    7. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Valdivia Coria, Joab Dan & Valdivia Coria, Daney David, 2019. "Microfundamentos de una Regla de Política Monetaria, Regla de Poole [Microfundaments of a Monetary Policy Rule, Poole's Rule]," MPRA Paper 93854, University Library of Munich, Germany.
    2. Mario Cuevas & Sigfrido Lee & Maria Isabel Bonilla, 2011. "The Missing Foundations of Housing Finance: Incomplete Markets, Fragmented Policies and Emerging Solutions in Guatemala," Research Department Publications 4750, Inter-American Development Bank, Research Department.
    3. Zúñiga, Jimena & Capello, Marcelo & Butler, Inés & Grión, Nester, 2013. "A Cycle-Adjusted Fiscal Rule for Sustainable and More Equitable Growth in Argentina," IDB Publications (Working Papers) 4638, Inter-American Development Bank.

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