Economic determinants of total poverty in Venezuela: 1975-2000

Pedro Harmath () and Rafael Acevedo ()
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Pedro Harmath: Investigador del Grupo Banca, Instituto de Investigaciones Económicas y Sociales. Universidad de Los Andes, carrera 13b, 63-57 entre Av. Rotaria y Pedagógico, Barquisimeto edo. Lara.
Rafael Acevedo: Docente investigador de la Universidad Centro Occidental Lizandro Alvarado. Decanato de Ciencias y Tecnología. Departamento de Estudios Básicos y Sociales, carrera 13b, 63-57 entre Av. Rotaria y Pedagógico, Barquisimeto edo. Lara.

Economía, 2009, vol. 34, issue 28, 161-189

Abstract: This paper investigates the determinants of the behavior on the long time of the total poverty in Venezuela during the period 1975-2000. Series of time are utilized and the paper applies an analysis of multiple lineal regression. The empirical results indicate that an increase of the 1% in the rate of investment, a rise of 1US$ in the prices of the barrel of petroleum, and an increment of Bs. 1 (old) in the price average of the American currency will cause a reduction of the 5.05%, 2.43% an increase of the 0.06% respectively of the share of grow of the total poverty in Venezuela. Therefore, it is concluded that these variables are very important and necessary for establishing economic policies that they main is to diminish the poverty.

Keywords: Total poverty; investment rate; oil prices; exchange rate. (search for similar items in EconPapers)
JEL-codes: C22 I32 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:34:y:2009:i:28:p:161-189

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