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    Home / Central Data Catalog / MICRODATA_RG / WLD_1993_LACPRG_V01_M
microdata_rg

Has Latin America's Post-reform Growth Been Disappointing? 1960-1993

Argentina, Australia, Austria...and 76 more, 1960 - 1993
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Reference ID
WLD_1993_LACPRG_v01_M
DOI
https://doi.org/10.48529/yraf-9n36
Producer(s)
William R. Easterly and Norman V. Loayza
Collection(s)
Development Research Microdata Fragility, Conflict and Violence
Metadata
Documentation in PDF DDI/XML JSON
Study website
Created on
Apr 11, 2011
Last modified
Jun 13, 2022
Page views
283263
Downloads
555911
  • Study Description
  • Data Description
  • Documentation
  • Get Microdata
  • Identification
  • Scope
  • Producers and sponsors
  • Data Collection
  • Access policy
  • Disclaimer and copyrights
  • Metadata production

Identification

Survey ID Number
WLD_1993_LACPRG_v01_M
Title
Has Latin America's Post-reform Growth Been Disappointing? 1960-1993
Country/Economy
Name Country code
Argentina ARG
Australia AUS
Austria AUT
Belgium BEL
Bolivia BOL
Brazil BRA
Botswana BWA
Central African Republic CAF
Canada CAN
Switzerland CHE
Chile CHL
Cameroon CMR
Congo, Dem. Rep. COD
Colombia COL
Costa Rica CRI
Cyprus CYP
Germany DEU
Denmark DNK
Dominican Republic DOM
Algeria DZA
Ecuador ECU
Egypt, Arab Rep. EGY
Spain ESP
Finland FIN
France FRA
United Kingdom GBR
Ghana GHA
Gambia, The GMB
Greece GRC
Guatemala GTM
Hong Kong SAR, China HKG
Honduras HND
Haiti HTI
Indonesia IDN
India IND
Ireland IRL
Israel ISR
Italy ITA
Jamaica JAM
Jordan JOR
Japan JPN
Kenya KEN
Korea, Rep. KOR
Sri Lanka LKA
Mexico MEX
Mali MLI
Mauritius MUS
Malawi MWI
Malaysia MYS
Niger NER
Nicaragua NIC
Netherlands NLD
Norway NOR
Pakistan PAK
Panama PAN
Peru PER
Philippines PHL
Portugal PRT
Paraguay PRY
Rwanda RWA
Sudan SDN
Senegal SEN
Singapore SGP
Sierra Leone SLE
El Salvador SLV
Sweden SWE
Eswatini SWZ
Togo TGO
Thailand THA
Trinidad and Tobago TTO
Tunisia TUN
Turkiye TUR
Uganda UGA
Uruguay URY
United States USA
Venezuela, RB VEN
South Africa ZAF
Zambia ZMB
Zimbabwe ZWE
Abstract
After years of poor economic performance, many Latin American countries undertook ambitious programs of macroeconomic stabilization and structural reform during recent years. The change in policy created high expectations for the region. Some observers question, however, whether actual growth outcomes in several Latin American countries have measured up to such expectations. This paper offers some evidence that the response of economic growth to reforms in Latin America has not been disappointing. Because of the significant changes in policies achieved in Latin America by the 1990s and in spite of the global slowdown, Latin America did well to return to its historic rate of growth of 2 percent per capita in 1990-93. Latin America growth has responded to changes in policy variables as would have been predicted by the experience of other times and places, as summarized by a panel regression spanning all countries and multi-year periods from 1960 to 1993. In order to obtain consistent estimates of the parameters linking policy variables and growth, this paper uses a dynamic panel methodology that both controls for unobserved time- and country-specific effects and accounts for the likely joint endogeneity of the explanatory variables.

This is the data used in the paper "Has Latin America's Post-Reform Growth Been Disappointing?" by William Easterly, Norman Loayza, and Peter Montiel (Journal of International Economics, 1997).
Kind of Data
Aggregate data [agg]

Scope

Notes
The dataset includes the following indicators:
- Average annual GDP growth rate
- Average (real exports + real imports)/real GDP
- Average annual inflation rate
- Average (M2/end of year CPI)/(GDP/average year CPI)
- Average real investment/real GDP
- Lagged real GDP
- Average years of secondary schooling in the population 15 years of age and older
- Average black-market premium on foreign exchange
- Average change in the terms of trade
- Average population growth rate

Producers and sponsors

Primary investigators
Name Affiliation
William R. Easterly and Norman V. Loayza World Bank

Data Collection

Dates of Data Collection
Start End
1960 1993
Time periods
Start date End date
1960 1993
Data Collection Mode
Other [oth]

Access policy

Contacts
Name Affiliation Email URL
Development Research Group World Bank research@worldbank.org Link
Citation requirements
Use of the dataset must be acknowledged using a citation which would include:
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download

Example:

William R. Easterly and Norman V. Loayza, World Bank . Has Latin America's Post-reform Growth Been Disappointing? (LACPRG) 1960-1993. Ref.WLD_1993_LACPRG_v01_M. Dataset downloaded from http://microdata.worldbank.org on [date]

Disclaimer and copyrights

Disclaimer
The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.

Metadata production

DDI Document ID
DDI_WLD_1993_LACPRG_v02_M
Date of Metadata Production
2010-09-15
DDI Document version
DDI Document - Version 02 - (04/21/21)
This version is identical to DDI_WLD_1993_LACPRG_v01_M but country field has been updated to capture all the countries covered by survey.

Version 01 (September 2010)
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