The relationship between public capital stock, private capital stock and economic growth in the Latin American and Caribbean countries

2019 ◽  
Vol 67 (3) ◽  
pp. 293-317 ◽  
Author(s):  
Renato Santiago ◽  
Matheus Koengkan ◽  
José Alberto Fuinhas ◽  
António Cardoso Marques
Keyword(s):  
Economic Growth ◽  
Latin American ◽  
Capital Stock ◽  
Public Capital ◽  
Private Capital ◽  
The Relationship ◽  
Latin American And Caribbean

scholarly journals The nexus between energy consumption, economic growth, and urbanization in Latin American and Caribbean countries: An approach with PVAR model

2017 ◽  
Vol 2 (2) ◽  
pp. 202-219 ◽  
Author(s):  
Matheus Koengkan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Panel Data ◽  
Latin American ◽  
Caribbean Region ◽  
Vector Autoregressive ◽  
Data Vector ◽  
Latin America And Caribbean ◽  
The Relationship ◽  
Latin American And Caribbean

The nexus between energy consumption, economic growth and urbanization was analyzed for a panel of twenty-one Latin American and Caribbean countries over a period from 1980-2014. The Panel Data Vector Autoregressive (PVAR) was used in order to analyze the relationship among all variables. The results indicated that there is a unidirectional relationship between urbanization and energy consumption, and a bidirectional nexus among economic growth and energy consumption in Latin America and Caribbean region.

scholarly journals Impact De La Fiscalite Sur La Croissance Economique Du Maroc

2017 ◽  
Vol 13 (4) ◽  
pp. 104 ◽  
Author(s):  
Moustapha Hamzaoui ◽  
Nezha Bousselhami
Keyword(s):  
Economic Growth ◽  
Production Function ◽  
Public Capital ◽  
Simultaneous Equations ◽  
Tax Revenue ◽  
Private Capital ◽  
Function Type ◽  
The Public ◽  
Endogenous Growth Model ◽  
The Relationship

This paper examines how the taxation (tax revenue) affects the economic growth in Morocco relying to the endogenous growth model of Barro (1990). After recalculating a new series of public capital and private capital and based on simultaneous equations model, one production function type Cobb Douglas with 3 factors (public capital, private capital and employment) has been estimated with data covering the period 1980-2015. The idea is to measure the effect of taxation on economic growth through its impact on public capital. The results find that the relationship between the two variables is positive. The householders can finance the public capital by taxes. And the public capital improves the economic growth.

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

2021 ◽  
pp. 097491012110616
Author(s):  
Natalia I. Doré ◽  
Aurora A. C. Teixeira
Keyword(s):  
Economic Growth ◽  
Latin American ◽  
Empirical Studies ◽  
Empirical Literature ◽  
Future Research ◽  
Long Run ◽  
Scientific Attention ◽  
The Impact ◽  
Determinants Of Economic Growth ◽  
Latin American And Caribbean

The factors required to achieve sustainable economic growth in a country are debated for decades, and empirical research in this regard continues to grow. Given the relevance of the topic and the absence of a comprehensive, systematic literature review, we used bibliometric techniques to examine and document several aspects in the empirical literature related to growth, from 1991 to 2020. Five main results are worth highlighting: (a) the share of empirical articles on economic growth show a clear upward trend; (b) among all the groups of countries considered, the emerging economies (EEs) have received the most scientific attention; (c) the economic growth processes of the Latin American and Caribbean EEs have observed negligible scientific attention; (d) the very long-run studies comprise a residual share among the empirical literature on growth; (e) the extant empirical studies on economic growth have addressed mainly the impact of “macroeconomic conditions.” Our findings suggest there is a need to redirect the empirical growth agenda, so as to encourage more scientific attention devoted to the analysis of key determinants of economic growth in the very long run. There should also be increased scrutiny of the processes of economic growth in Latin American and Caribbean EEs

scholarly journals CRECIMIENTO ECONÓMICO Y DESIGUALDAD EN ASIA, EUROPA Y AMÉRICA LATINA, 1990-2019

2020 ◽  
Vol 80 (315) ◽  
pp. 59
Author(s):  
Verónica Cerezo García ◽  
Heri Oscar Landa Díaz
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Income Distribution ◽  
Trade Liberalization ◽  
Latin American ◽  
Free Market ◽  
Exogenous Shock ◽  
America Latina ◽  
The Relationship ◽  
Sample Set

<p>El objetivo de este trabajo es analizar el efecto de la liberalización comercial sobre la productividad, la distribución del ingreso y el crecimiento económico, además de examinar la capacidad de absorción que este proceso ha concedido a los países ante choques externos, como el Covid-19. Empíricamente, tomamos pie en la taxonomía de crecimiento y desigualdad de Fajnzylber (1990) y en un modelo panel para evaluar esta relación en Asia, América Latina y Europa durante el periodo 1990-2019. Los principales resultados muestran: 1) co-movimiento entre crecimiento y equidad en Asia, mientras que en América Latina hay rezagos significativos, y 2) la productividad y la competitividad no precio constituyen el factor dinamizante en Asia y Europa.</p><p align="center"><strong> </strong></p><p align="center">ECONOMIC GROWTH AND INEQUALITY IN ASIA, EUROPE, AND LATIN AMERICA, 1990-2019</p><p align="center"><strong>ABSTRACT</strong></p><p>The paper’s aim is to analyse the effect of trade liberalization on productivity, income distribution and economic growth. The ability of a free-market oriented economy to fence off an exogenous shock such as the Covid-19 pandemic is also dealt with. Following Fajnzylber’s (1990) taxonomy of growth and inequality, we assess the relationship between trade liberalisation, growth and income distribution for a sample set of Asian, Latin American, and European countries over the period 1990-2019. Our main empirical results show that there exist: 1) a co-movement between growth and equality in Asia, but significant lags in both respects prevail in Latin America; 2) productivity and non-price competitiveness are the dynamizing factors in both Asia and Europe</p>

scholarly journals Quantifying the Relationship Between GDP Per Capita and Inequality in the Balkan Region

2021 ◽  
Vol 14 (2) ◽  
pp. 7-13
Author(s):  
Edgar J. Saucedo-Acosta ◽  
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Capital Stock ◽  
Financial Inclusion ◽  
Gdp Per Capita ◽  
Balkan Countries ◽  
Balkan Region ◽  
Per Capita ◽  
Low Levels ◽  
The Relationship

Purpose:The paper aims to estimate the effect of inequality on the economic growth of Balkan countries for the period 2001-2017. In addition, the effect of capital stock on GDP per capita (GDPpc) for the Balkan countries was estimated. The low level of financial inclusion on the Balkan region produces an underinvestment of human capital and affects the low-income households, leading to an increase in inequality. Low levels of equality and capital stock negatively impact economic growth.

scholarly journals Reforming the IMF to Increase FDI Led Economic Growth: The Case of Latin American and Caribbean Countries

2018 ◽  
Vol 04 (S1) ◽  
pp. 81
Author(s):  
Ashraf Mahate ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Latin American ◽  
Host Country ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
The Impact ◽  
Latin American And Caribbean ◽  
The Imf

There is a strong body of literature that finds a direct connection between inward foreign direct investment and economic growth in the host country. At the same time, economic growth in the host country attracts additional Foreign Direct Investment (FDI). This bidirectional relationship can be supported by the IMF through its lending program to countries to assist in dealing with short-term shocks as well as managing more long-term structural issues. In fact, the IMF programs in theory should provide an indicator to potential investors that the country is committed to making a change and opening its economy, which are typical requirements under IMF conditions. IMF intervention should lead to a positive impact on inward FDI. This study examines the impact of IMF-support programs on inward FDI for a sample of Latin American and Caribbean Countries. The results from this study reveal that being on an IMF borrowing program has a negative impact on inward FDI in the second and third year. We argue that being on an IMF borrowing program does not provide inward FDI with the seal of approval that it requires in making an investment.

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