Kaldorian determinants of economic growth: comparative approach from the steel industry of latin american countries and South Korea (1990-2019)

Reysbel Ramos (), Eduard Montesano () and José Contreras ()
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Reysbel Ramos: Economista de la Universidad Católica Andrés Bello. Caracas, Venezuela.
Eduard Montesano: Economista de la Universidad Católica Andrés Bello. Caracas, Venezuela.
José Contreras: PhD en economía de Texas A&M University. Texas A&M University. Texas, Estados Unidos. Facultad de Ciencias Económicas y Sociales. Universidad Metropolitana. Caracas, Venezuela.

Economía, 2022, vol. 46, issue 50, 11-53

Abstract: This article proposes an analysis of the production dynamics applied to the steel industry in Argentina, Brazil, South Korea, Mexico and Venezuela during the period 1990-2019. The motivation arises from the possible bottlenecks that the steel industry could generate as a supplier of manufacturing inputs. To do this, Kaldor's laws were implemented using a panel-corrected standard errors model, allowing the growth of countries to be explained through multiple sectoral relationships. Initially, the stylized facts show new productive paradigms that contrast according to the measures implemented by governments. In fact, the results suggest that the steel industry explains the economic growth of the panel, generating possible positive stimuli for the rest of the economic activities.

Keywords: Accounting system; general accounting system; organization. (search for similar items in EconPapers)
JEL-codes: B22 C01 L52 L61 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:46:y:2022:i:50:p:11-53

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