Have delayed independence and poor initial institutions been economically costly for Latin Americans?
Abstract
This paper tests the hypothesis that the timing of independence in Latin
America and the institutions in place at the time of independence had a joint effect
on the developmental paths of the countries. A new variable is presented - the
interaction term between the timing of independence and initial institutions, and
then tested with Multiple OLS Regressions. The findings support the notion that
earlier independence in conjunction with better initial institutions may have had a
positive influence on long-term economic growth in Latin American countries
using data from 1990-2004.
Description
Thesis (M.A.)--Wichita State University, The W. Frank Barton School of Business, Dept. of Economics