1945

Investment and saving in Latin America and the Caribbean: Stylized facts

Along with technical progress, human capital building and structural change, the formation of fixed capital is one of the main factors of sustained, long-term growth. Analysis of fixed capital formation patterns therefore sheds light on the difficulties which must be tackled in order to speed growth in Latin America and the Caribbean. This chapter reviews some stylized facts concerning the evolution of investment and investment financing from a macroeconomic perspective —i.e. saving— in the region. This exercise draws upon estimates of the components of investment that were not available until very recently.

Related Subject(s): Economic and Social Development
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