Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico

In this paper, a vector autorregresive model (VAR) is applied to examine the interrelationship among foreign direct investment, exports, Gross Domestic Product (GDP), unemployment rate and labor force participation rate in Puerto Rico, taking into account a time period that includes the fiscal years...

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Autores:
Basem-Hassan Lomabrdi, Miriam
Juma´h, Ahmad H.
Cué García, Félix
Ruíz Mercado, Ángel L.
Lloréns Rivera, Antonio A.
Tipo de recurso:
Fecha de publicación:
2012
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/9152
Acceso en línea:
http://hdl.handle.net/10784/9152
Palabra clave:
INVERSIONES EXTRANJERAS
DESEMPLEO
PRODUCTO INTERNO BRUTO
MERCADO LABORAL
J01
J08
J80
Investments, Foreign
Unemployment
Gross domestic product
Labor supply
Rights
License
Acceso abierto
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spelling 2012-12-152016-09-15T13:18:02Z2012-12-152016-09-15T13:18:02Z1657-4206http://hdl.handle.net/10784/9152In this paper, a vector autorregresive model (VAR) is applied to examine the interrelationship among foreign direct investment, exports, Gross Domestic Product (GDP), unemployment rate and labor force participation rate in Puerto Rico, taking into account a time period that includes the fiscal years from 1980 to 2010 -- Four cointegrating vectors were found in the system which indicates that there is a long run relationship between the variables -- The findings suggest that consecutive increases in foreign direct investment inflows could significantly reduce the unemployment rate and increase interest in joining the labor force in Puerto Rico -- The same result also applies to increases in export levels -- The variations in Gross Domestic Product are mainly explained in the long run by the unemployment rateEn este trabajo se utiliza un modelo de vectores autorregresivos (VAR) para examinar la interrelación entre la entrada de flujos de inversión extranjera directa (EFIED), las exportaciones, el producto interno bruto (PIB), la tasa de desempleo (TD) y la tasa de participación laboral (TPL) en Puerto Rico -- Los datos utilizados incluyen los años fisca- les de 1980 al 2010 -- Se encontraron cuatro vectores cointegrados en el sistema, que evidencian la existencia de una relación de largo plazo entre las variables -- Los hallazgos sugieren que aumentos consecutivos en la EFIED podrían reducir significativamente la TD e incrementar el interés de los puertorriqueños por ingresar en la fuerza laboral -- El mismo resultado se refleja con relación a los incrementos en el nivel de exportaciones -- Las variaciones en el PIB se explican principalmente en el largo plazo por la TDapplication/pdftext/htmlspaUniversidad EAFITEcos de Economía; Vol 16, No 35 (2012); 5-28http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1790http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1790instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 16, No 35 (2012); 5-28Foreign direct investment, exports, gross domestic product and the labor market in Puerto Ricoinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionarticlepublishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Acceso abiertohttp://purl.org/coar/access_right/c_abf2INVERSIONES EXTRANJERASDESEMPLEOPRODUCTO INTERNO BRUTOMERCADO LABORALJ01J08J80Investments, ForeignUnemploymentGross domestic productLabor supplyBasem-Hassan Lomabrdi, MiriamJuma´h, Ahmad H.Cué García, FélixRuíz Mercado, Ángel L.Lloréns Rivera, Antonio A.Ecos de Economía: A Latin American Journal of Applied Economics1635528ecos.econ.ORIGINALdocument - 2020-03-11T104116.503.pdfdocument - 2020-03-11T104116.503.pdfTexto completo PDFapplication/pdf912168https://repository.eafit.edu.co/bitstreams/9b8534c2-4cdf-4d56-a4d0-b6add8e3b4ea/download0875ca1cee47f2c63e56955b8e40d7f1MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html377https://repository.eafit.edu.co/bitstreams/0bd4a82a-7b6e-4438-b481-c1cd74a84689/download186f6cd5b3fc957599ce2a28e3175ae1MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/ddc3fdc4-a421-4168-884a-f8cb81dff732/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/9152oai:repository.eafit.edu.co:10784/91522020-03-18 12:49:49.684open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.none.fl_str_mv Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
title Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
spellingShingle Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
INVERSIONES EXTRANJERAS
DESEMPLEO
PRODUCTO INTERNO BRUTO
MERCADO LABORAL
J01
J08
J80
Investments, Foreign
Unemployment
Gross domestic product
Labor supply
title_short Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
title_full Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
title_fullStr Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
title_full_unstemmed Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
title_sort Foreign direct investment, exports, gross domestic product and the labor market in Puerto Rico
dc.creator.fl_str_mv Basem-Hassan Lomabrdi, Miriam
Juma´h, Ahmad H.
Cué García, Félix
Ruíz Mercado, Ángel L.
Lloréns Rivera, Antonio A.
dc.contributor.author.none.fl_str_mv Basem-Hassan Lomabrdi, Miriam
Juma´h, Ahmad H.
Cué García, Félix
Ruíz Mercado, Ángel L.
Lloréns Rivera, Antonio A.
dc.subject.lemb.none.fl_str_mv INVERSIONES EXTRANJERAS
DESEMPLEO
PRODUCTO INTERNO BRUTO
MERCADO LABORAL
topic INVERSIONES EXTRANJERAS
DESEMPLEO
PRODUCTO INTERNO BRUTO
MERCADO LABORAL
J01
J08
J80
Investments, Foreign
Unemployment
Gross domestic product
Labor supply
dc.subject.keyword.spa.fl_str_mv J01
J08
J80
dc.subject.keyword.none.fl_str_mv Investments, Foreign
Unemployment
Gross domestic product
Labor supply
description In this paper, a vector autorregresive model (VAR) is applied to examine the interrelationship among foreign direct investment, exports, Gross Domestic Product (GDP), unemployment rate and labor force participation rate in Puerto Rico, taking into account a time period that includes the fiscal years from 1980 to 2010 -- Four cointegrating vectors were found in the system which indicates that there is a long run relationship between the variables -- The findings suggest that consecutive increases in foreign direct investment inflows could significantly reduce the unemployment rate and increase interest in joining the labor force in Puerto Rico -- The same result also applies to increases in export levels -- The variations in Gross Domestic Product are mainly explained in the long run by the unemployment rate
publishDate 2012
dc.date.issued.none.fl_str_mv 2012-12-15
dc.date.available.none.fl_str_mv 2016-09-15T13:18:02Z
dc.date.accessioned.none.fl_str_mv 2016-09-15T13:18:02Z
dc.date.none.fl_str_mv 2012-12-15
dc.type.eng.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
article
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dc.relation.ispartof.eng.fl_str_mv Ecos de Economía; Vol 16, No 35 (2012); 5-28
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dc.source.eng.fl_str_mv Ecos de Economía: A Latin American Journal of Applied Economics; Vol 16, No 35 (2012); 5-28
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