In a Latin American growth accounting framework for the period 1950-85, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries of the region....

This paper evaluates the effectiveness of controls on capital inflows. In particular, the authors analyze in great detail the Chilean experience with the use of the unremunerated reserve requirement. They also examine the effects of the controls applied in Chile in 1991-1998 on interest rates,...