The impact of the Panama Canal transfer on the Panamanian economy

Gabriel Fuentes Cordoba ()

Economics Letters, 2022, vol. 211, issue C

Abstract: Panama received full administration of the Panama Canal in December 31st of 1999. Using the synthetic control method, I quantify the effect of this transfer on per capita GDP in Panama. The findings suggest that the transfer had a small positive effect in the short-run and a large positive effect in the mid- and long-run. However, the long-run effect may be overestimated due to the expansion of the Panama Canal.

Keywords: Panama; Development; Synthetic control (search for similar items in EconPapers)
JEL-codes: F63 O10 O47 O54 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:211:y:2022:i:c:s0165176521004559

DOI: 10.1016/j.econlet.2021.110208

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