Impacts of Social Spending, Economic Freedom and Institutional Factors on Poverty in Latin American Countries. Impact analysis of Free School Policy in Colombia

The end of poverty by the year 2030 is the first goal of sustainable development, however in Latin America a significant portion of people are still in poverty and therefore this paper focuses on the issue of poverty in Latin America and is inspired by all families in the region who live on the bare minimum of $6.85 per day or less. This paper studies the relationship between poverty and other variables of interest such as public social spending, economic freedom, economic growth, welfare and education. Most of the data is taken from the World Bank and ELAC which are reliable sources of information and allow comparison between countries. At the level of Latin America, it takes a sample of 15 countries: Mexico in North America; Costa Rica, Dominican Republic, El Salvador, Honduras, and Panama of Central America; and Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay in South America. The selection of these is given by the availability of information. .. [edited by Author]