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Latin American Countries Argentina 7.1 Brazil 11.6 Chile 6.2 Mexico 13.4 Venezuela 16.2

Latin American Countries Argentina 7.1 Brazil 11.6 Chile 6.2 Mexico 13.4 Venezuela 16.2 Colombia 6.5 Peru 10.5 Ecuador 9.1 Costa Rica 10.5 El Salvador 6.8 Honduras 3.5 Nicaragua 8.3. Other Countries USA 27.5 Hong Kong 38.5 South Korea 10.0 Japan 21.6

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Latin American Countries Argentina 7.1 Brazil 11.6 Chile 6.2 Mexico 13.4 Venezuela 16.2

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  1. Latin American Countries Argentina 7.1 Brazil 11.6 Chile 6.2 Mexico 13.4 Venezuela 16.2 Colombia 6.5 Peru 10.5 Ecuador 9.1 Costa Rica 10.5 El Salvador 6.8 Honduras 3.5 Nicaragua 8.3 Other Countries USA 27.5 Hong Kong 38.5 South Korea 10.0 Japan 21.6 India 2.0 Germany 18.3 United Kingdom 23.8 Italy 16.2 Israel 17.0 Ivory Coast 4.7 Kenya 2.0 Somalia 1.0 Estimated Country Effects, (Ai Relative to Lowest)Yit = Kitα (Ai Lit )(1-α)Source: Nazrui Islam, Growth Empirics, QJE 11/95

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