| Sumario: | The objective of this article is to determine the impact of these factors on the economic growth of Latin America during the period from 1900 to 2000: capital stock growth, gross capital formation, population growth, final consumption expenditure of the central government, inflation and exports of goods and services. The countries in the sample are Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela. The results indicate that the growth of the capital stock and gross capital formation are central variables to explain the process of capital accumulation and the increase in productive capacity in any of the economies. In addition, government spending as a proportion of GDP showed a negative relationship with the growth of real income per capita; however, public spending is key to solving distributional and social conflicts. Finally, foreign trade is key for any country to be able to benefit from comparative advantages, foreign financing, flow of ideas and goods from the rest of the world.
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