Challenges to the left in Central America: a comparative political economy analysis from Structuralist-Keynesian approach

Utilizing a Structuralist-Keynesian framework, we conduct a concise comparative political economy analysis of growth regimes in five Central American (CA) countries. Applying the Sraffian Supermultiplier Decomposition, we assess external and policy constraints, particularly within the context of &q...

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Bibliographic Details
Main Authors: Manuel Alberto Valencia Delgado, Juan José López Rogel
Format: Article
Language:English
Published: Universidad Nacional de Colombia 2025-01-01
Series:Cuadernos de Economía
Subjects:
Online Access:https://revistas.unal.edu.co/index.php/ceconomia/article/view/112575
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Summary:Utilizing a Structuralist-Keynesian framework, we conduct a concise comparative political economy analysis of growth regimes in five Central American (CA) countries. Applying the Sraffian Supermultiplier Decomposition, we assess external and policy constraints, particularly within the context of "progressive governments." Our study contributes by offering a Growth Model Analysis perspective on CA nations, emphasizing the significance of debt-financed consumption in growth dynamics. Integrating external and policy considerations, we provide a nuanced understanding of the constraints hindering the transition toward a more inclusive and stable growth regime in CA countries.
ISSN:0121-4772
2248-4337