Do institutions and ideology matter for economic growth in Latin America in the first two decades of the 21st century?
Pamela L. Navarrete Gallo & Jo Ritzen
Institutions have a positive, strong and significant impact on GDP
growth; in 20 Latin American countries between 2002 and 2018. Government
size has a negative impact on GDP growth itself but, in interaction with
strong institutions, the effect of government size on growth turns to
positive and significant, while political ideology has no significant
effect on economic growth.
Keywords: Economic growth, Institutions, Government Size, Political ideology, Latin America
JEL Classification: F43, N26, O11