 Analysis of Factors that Affect the Economic Growth in Developing Countries: A Case Study of Latin AmericaSu Yue ()
A chapter in New Perspectives and Paradigms in Applied Economics and Business, 2024, pp 243-254 from Springer Abstract: Abstract This study investigates the effects of various factors on economic growth in Latin America. We use Gross Domestic Product (GDP) to measure the performance of economic growth as it is one of the most important determinants of a country’s economic growth. We analyze the effects of five factors: export, import, foreign direct investment, educational investment, and the rate of inflation on the economy of four countries in Latin America: Ecuador, Peru, Paraguay, and Chile. Data is collected from 1990 to 2020, and a regression model is used for analysis. After analyzing the coefficients in the model, we get the results. The results show that export, import, and education have a significantly positive influence on GDP in most of the countries in Latin America, but foreign direct investment has a significantly negative influence mostly. The relationship between inflation and GDP is complex, as it is positive in some countries and negative in others. Keywords: Gross domestic product (GDP); Developing countries; Regression analysis; Latin America (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-49951-7_17 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-49951-7_17 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.