Ahorro y comercio internacional como determinantes de la inversión en Latinoamérica durante el siglo XX

Acevedo Rueda, Rafael Alexis and Mora Mora, José U. and Harmath Fernández, Pedro alexander (2009): Ahorro y comercio internacional como determinantes de la inversión en Latinoamérica durante el siglo XX. Published in: Economía y Desarrollo , Vol. 1, No. 9 (March 2010): pp. 67-86.

Abstract

The present work studies to the saving and international trade as determinants of the investment in the Latin-American countries during 1951-2000 using data panel technique. The empirical results show that the differentials of rates of investment, between the Latin American countries, are caused, among others, by these determinants. It is demonstrated that by each 10 points of increase of the saving or the rate of saving, it causes an increase of 0.05 points in the rate of growth of the investment. As far as the international trade it is possible to be indicated that while exists policies that allow to increase it to 10% of the GIP, political happiness they would cause that the rate of growth of the investment increased 0.01 points. Finally, the results allow to conclude that the power of the economic policies oriented to increase the rate of investment in the Latin American countries could be improved if these come accompanied from incentives to the saving, the international trade and the economic growth, otherwise these effects would be diluted in the time.

• Item Type: MPRA Paper
• English Title: Saving and opennes as determinants of investment in Latin America during the twentieth century
• Language: Spanish
• Keywords: saving, openness, investment, panel data
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; G - Financial Economics > G3 - Corporate Finance and Governance > G31 - Capital Budgeting ; Fixed Investment and Inventory Studies ; Capacity; N - Economic History > N4 - Government, War, Law, International Relations, and Regulation > N46 - Latin America ; Caribbean; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance

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