The Institutional Framework as a competitiveness factor in Latin America

10 years of experience (2008-2018)

Abstract

This document objective is to analyze the performance of selected Latin American countries in relation to their institutional framework, that is to say their legal systems, rules, norms and other regulatory provisions. These elements define, to large extent, the functioning and performance of markets linked to good and services, labor and financial systems. Specifically, by means of a factorial analysis along with a clustering process, the most significant explanatory variables on the trend and behavior of six out of 12 pillars for competitiveness as stated by the World Economic Forum have been identified and, likewise, the countries have been classified into a homogenous regional subgroups according to their performance.

Author Biographies

Professor and Researcher at the School of Economics and Business. Anahuac University, Mexico

Professor - Researcher at the School of Economics and Business, Anahuac University, Mexico

Professor and Researcher at the School of Social Sciences and Government. Monterrey Institute of Technology and Higher Education, Mexico

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Keywords institutions, competitiveness, evaluation, World Competitiveness Report
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How to Cite
Llanos Reynoso, L., Brown del Rivero, A., & Fuentes Castro, H. (2020). The Institutional Framework as a competitiveness factor in Latin America. Latin American Journal of Trade Policy, 3(6), 49 - 67. doi:10.5354/0719-9368.2020.57166
Published
2020-04-30