The short-run consequences of the erosion of economic freedom for growth and institutions in Latin America: an unorthodox experimental review of the twenty-first century

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cepal.articleNo5
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2023/15-P
cepal.docTypeRevistas
cepal.jelCodeO43
cepal.jelCodeE02
cepal.jelCodeO54
cepal.jobNumber05acevedo_REV-140E
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMIC GROWTH
cepal.topicEngDEMOCRACY
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaDEMOCRACIA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorAcevedo, Rafael
dc.contributor.authorLorca-Susino, María
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2023-12-21T19:54:47Z
dc.date.available2023-12-21T19:54:47Z
dc.date.issued2023-08-15
dc.description.abstractHow economic growth can be improved is a question that has always divided researchers, but it is one of the utmost importance, bearing directly on prosperity, quality of life and human well-being. The research presented here is an experimental review whose purpose is to evaluate the causal effects that the erosion of economic freedom has had on the economic growth rate, corruption, democracy, the transparency of laws, media censorship and judicial constraints in 19 Latin American countries during the twenty-first century. The results show that for each percentage point erosion of economic freedom, the economic growth rate is between 0.3 and 1.6 percentage points lower the following year, while institutions deterioriate in comparison with those of countries where economic freedom has not been eroded. These findings confirm that a freer economic environment not only benefits these countries economically in the short run but improves other regional variables in the long run.
dc.formatTexto
dc.format.extentpáginas 83-105
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2023/15-P
dc.identifier.urihttps://hdl.handle.net/11362/68773
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo140
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLas consecuencias de corto plazo del deterioro de la libertad económica en el crecimiento y las instituciones de América Latina: un examen experimental no ortodoxo del siglo XXI
dc.relation.translationUrihttps://hdl.handle.net/11362/68546
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngECONOMIC LIBERALIZATION
dc.subject.unbisEngINSTITUTIONAL MACHINERY
dc.subject.unbisEngDEMOCRACY
dc.subject.unbisEngCORRUPTION
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaLIBERALIZACION ECONOMICA
dc.subject.unbisSpaMECANISMO INSTITUCIONAL
dc.subject.unbisSpaDEMOCRACIA
dc.subject.unbisSpaCORRUPCION
dc.subject.unbisSpaMEDICION
dc.titleThe short-run consequences of the erosion of economic freedom for growth and institutions in Latin America: an unorthodox experimental review of the twenty-first century
dc.type.coarrevista
dspace.entity.typePublication
relation.isAuthorOfPublicatione9d31345-2e3f-4bf7-bd07-193ecb3e8291
relation.isAuthorOfPublicationff3a7eb8-01d6-48ae-a98e-97d62bba6a38
relation.isAuthorOfPublication.latestForDiscoverye9d31345-2e3f-4bf7-bd07-193ecb3e8291
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