Biblioteca Digital de VanguardiaLatin America’s economic growth during the 20th century.
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 g...
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| Formato: | Revistas |
| Lenguaje: | Español |
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Universidad de Cartagena
2020
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2696 |
| _version_ | 1782340339398344704 |
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| author | Rivera Lozano, Miller Rivera Garzón, Nicolás |
| author_facet | Rivera Lozano, Miller Rivera Garzón, Nicolás |
| author_sort | Rivera Lozano, Miller |
| collection | Revista |
| description | 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. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-2696 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2020 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-26962021-10-25T17:31:35Z Latin America’s economic growth during the 20th century. Crecimiento económico de América Latina en el siglo XX. Rivera Lozano, Miller Rivera Garzón, Nicolás Economic growth Macroeconomics Latin America Income per capita Crecimiento económico Macroeconomía Latinoamérica Ingreso por habitante 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. El objetivo de este artículo es determinar el impacto de los factores: crecimiento del stock de capital, formación bruta de capital, crecimiento de la población, gasto de consumo final del gobierno general, nivel de inflación y exportaciones de bienes y servicios en el crecimiento económico de América Latina durante el periodo de 1900 a 2000. Los países de la muestra son Argentina, Bolivia, Brasil, Chile, Colombia, Costa Rica, Cuba, República Dominicana, Ecuador, El Salvador, Guatemala, Haití, Honduras, México, Nicaragua, Panamá, Paraguay, Perú, Uruguay, Venezuela. Los resultados indican que el crecimiento del stock de capital y la formación bruta de capital son variables centrales para explicar el proceso de acumulación de capital y el aumento de capacidad productiva en cualquiera de las economías. Además, el gasto del gobierno general como proporción del PIB, mostró una relación negativa con el crecimiento del ingreso real per cápita; sin embargo, el gasto público es clave para solucionar conflictos distributivos y sociales. Finalmente, el comercio exterior es clave para que cualquier país logre beneficiarse de las ventajas comparativas, financiamiento exterior, flujo de ideas y de bienes del resto del mundo. 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| spellingShingle | Rivera Lozano, Miller Rivera Garzón, Nicolás Latin America’s economic growth during the 20th century. |
| title | Latin America’s economic growth during the 20th century. |
| title_full | Latin America’s economic growth during the 20th century. |
| title_fullStr | Latin America’s economic growth during the 20th century. |
| title_full_unstemmed | Latin America’s economic growth during the 20th century. |
| title_short | Latin America’s economic growth during the 20th century. |
| title_sort | latin america’s economic growth during the 20th century. |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2696 |