Stylized features of the investment-growth connection in Latin America, 1980-2012
Estimates of investment and its components in Latin America over the past 30 years are used to review stylized facts relating to investment and explore factors that explain its connection with economic growth. In particular, the low level of investment, the reduction in public spending in the 1980s...
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oai-11362-388302020-03-06T16:50:27Z Stylized features of the investment-growth connection in Latin America, 1980-2012 Manuelito, Sandra Jiménez, Luis Felipe INVERSIONES INVERSION PUBLICA CAPITAL FORMACION DE CAPITAL INGRESO NACIONAL AHORROS CRECIMIENTO ECONOMICO INVESTMENTS PUBLIC INVESTMENT CAPITAL CAPITAL FORMATION NATIONAL INCOME SAVINGS ECONOMIC GROWTH Estimates of investment and its components in Latin America over the past 30 years are used to review stylized facts relating to investment and explore factors that explain its connection with economic growth. In particular, the low level of investment, the reduction in public spending in the 1980s and its partial recovery along with private investment between 2003 and 2010 are explored. It is found that the increase in national income —on the back of rising terms of trade— made it possible to increase national saving and its contribution to financing investment between 2004 and 2008. The analysis of causality between the investment ratio and growth in gross domestic product (gdp) suggest that —for a considerable number of Latin American countries— changes in the growth rate have preceded changes in the investment ration in the period under study. 2015-08-11T20:59:26Z 2015-08-11T20:59:26Z 2015-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/38830 LC/G.2636-P 1 en CEPAL Review CEPAL Review 115 .pdf application/pdf AMERICA LATINA LATIN AMERICA |
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INVERSIONES INVERSION PUBLICA CAPITAL FORMACION DE CAPITAL INGRESO NACIONAL AHORROS CRECIMIENTO ECONOMICO INVESTMENTS PUBLIC INVESTMENT CAPITAL CAPITAL FORMATION NATIONAL INCOME SAVINGS ECONOMIC GROWTH |
spellingShingle |
INVERSIONES INVERSION PUBLICA CAPITAL FORMACION DE CAPITAL INGRESO NACIONAL AHORROS CRECIMIENTO ECONOMICO INVESTMENTS PUBLIC INVESTMENT CAPITAL CAPITAL FORMATION NATIONAL INCOME SAVINGS ECONOMIC GROWTH Manuelito, Sandra Jiménez, Luis Felipe Stylized features of the investment-growth connection in Latin America, 1980-2012 |
description |
Estimates of investment and its components in Latin America over the past 30 years are used to review stylized facts relating to investment and explore factors that explain its connection with economic growth. In particular, the low level of investment, the reduction in public spending in the 1980s and its partial recovery along with private investment between 2003 and 2010 are explored. It is found that the increase in national income —on the back of rising terms of trade— made it possible to increase national saving and its contribution to financing investment between 2004 and 2008. The analysis of causality between the investment ratio and growth in gross domestic product (gdp) suggest that —for a considerable number of Latin American countries— changes in the growth rate have preceded changes in the investment ration in the period under study. |
format |
Texto |
author |
Manuelito, Sandra Jiménez, Luis Felipe |
author_facet |
Manuelito, Sandra Jiménez, Luis Felipe |
author_sort |
Manuelito, Sandra |
title |
Stylized features of the investment-growth connection in Latin America, 1980-2012 |
title_short |
Stylized features of the investment-growth connection in Latin America, 1980-2012 |
title_full |
Stylized features of the investment-growth connection in Latin America, 1980-2012 |
title_fullStr |
Stylized features of the investment-growth connection in Latin America, 1980-2012 |
title_full_unstemmed |
Stylized features of the investment-growth connection in Latin America, 1980-2012 |
title_sort |
stylized features of the investment-growth connection in latin america, 1980-2012 |
publishDate |
2015 |
url |
http://hdl.handle.net/11362/38830 |
work_keys_str_mv |
AT manuelitosandra stylizedfeaturesoftheinvestmentgrowthconnectioninlatinamerica19802012 AT jimenezluisfelipe stylizedfeaturesoftheinvestmentgrowthconnectioninlatinamerica19802012 |
_version_ |
1718435587562668032 |