CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Official development assistance, social capital and growth in Latin America

This study focuses on the relationship among official development assistance (oda), social capital and economic growth in Latin American countries, attempting to determine whether the impact of such assistance on growth is conditional on the receiving country’s stock of social capital. To this end, we use “trust” to measure social capital in an unbalanced panel of 18 Latin American countries over the period 2001-2010. After accounting for country and time effects in a dynamic panel data model, our results show that the impact of oda on growth is indeed conditional on the level of trust that exists. This suggests that this assistance will be more effective when used in a trust-rich environment.

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