Growth, Productive Investment and the Macroeconomic Environment

  • Ricardo Ffrench-Davis


One outstanding feature of Latin American economies in recent years has been the low rate of capital formation. In addition, the rate of utilization of the available productive capacity has been low and unstable, carrying with it a drop in ex post actual average productivity. These factors, which in fact bolster each other, account for the noticeable contrast between the slack economic growth since the 1980s and the dynamism exhibited by Latin American countries (LACs) in the three previous decades.


Foreign Direct Investment Capital Stock Total Factor Productivity Real Exchange Rate Capital Formation 
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© Ricardo Ffrench-Davis 2005

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  • Ricardo Ffrench-Davis

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