Conditioning factors of socioeconomic development in Latin America: an analysis from the perspective of PIB and the global governance indicators

Abstract: The aim of this study was analyse the relationship between socioeconomic development and governance indicators in Latin America between 2000 and 2014. It was conducted a regression model with panel data using secondary data. The panel data modeling allowed the identification of positive impacts of good governance and gross domestic product (GDP) practices on socioeconomic development and negative impacts of Regulatory Quality in all the estimated scenarios.