Comercio internacional, IED, capital humano e ingreso per cápita en América Latina y el Caribe

Omar Neme Castillo (), Ana Lilia Valderrama Santibáñez () and Humberto Ríos Bolívar ()
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Omar Neme Castillo: Sección de Estudios de Posgrado e Investigación, Escuela Superior de Economía, Instituto Politécnico Nacional. México.
Ana Lilia Valderrama Santibáñez: Sección de Estudios de Posgrado e Investigación, Escuela Superior de Economía, Instituto Politécnico Nacional. México.
Humberto Ríos Bolívar: Sección de Estudios de Posgrado e Investigación, Escuela Superior de Economía, Instituto Politécnico Nacional. México.

Ensayos Revista de Economia, 2013, vol. XXXII, issue 1, 101-139

Abstract: This paper discusses the relationship between international trade and per capita income in 21 countries of Latin American and the Caribbean in the period 1977-2011. A model of neoclassical endogenous growth is developed to incorporate factors such as human capital and foreign trade which includes foreign technological capital stock. Econometric estimation employs a panel cointegration methodology. It is observed that foreign technology of exclusive use of foreign firms in Latin American countries narrowly drives per capita income. While imports of capital goods and the literacy rate contract it. It is estimated a positive relation between physical capital and income.

Keywords: Per capita income; international trade; “available” foreign technological stock; physical capital and human capital (search for similar items in EconPapers)
JEL-codes: F11 F43 O33 (search for similar items in EconPapers)
Date: 2013
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