Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina
Ilustraciones
- Autores:
-
Gantiva Parada, Daniela
- Tipo de recurso:
- Fecha de publicación:
- 2021
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/80103
- Palabra clave:
- 330 - Economía
Economic development
Machinery
Maquinaria
Inversiones
Investments
Desarrollo económico
Crecimiento económico
Inversión
Maquinaria y equipo
Productividad
América Latina
Economic growth
Investment
Machinery and equipment
Productivity
Latin America
- Rights
- openAccess
- License
- Reconocimiento 4.0 Internacional
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dc.title.spa.fl_str_mv |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
dc.title.translated.eng.fl_str_mv |
Influence of machinery and equipment investment on economic growth in Latin America |
title |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
spellingShingle |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina 330 - Economía Economic development Machinery Maquinaria Inversiones Investments Desarrollo económico Crecimiento económico Inversión Maquinaria y equipo Productividad América Latina Economic growth Investment Machinery and equipment Productivity Latin America |
title_short |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
title_full |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
title_fullStr |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
title_full_unstemmed |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
title_sort |
Influencia de la inversión en maquinaria y equipo en el crecimiento económico de América Latina |
dc.creator.fl_str_mv |
Gantiva Parada, Daniela |
dc.contributor.advisor.none.fl_str_mv |
Orbegozo Daza, María Camila Jalil Barney, Munir Andrés |
dc.contributor.author.none.fl_str_mv |
Gantiva Parada, Daniela |
dc.subject.ddc.spa.fl_str_mv |
330 - Economía |
topic |
330 - Economía Economic development Machinery Maquinaria Inversiones Investments Desarrollo económico Crecimiento económico Inversión Maquinaria y equipo Productividad América Latina Economic growth Investment Machinery and equipment Productivity Latin America |
dc.subject.lemb.none.fl_str_mv |
Economic development Machinery Maquinaria Inversiones Investments Desarrollo económico |
dc.subject.proposal.spa.fl_str_mv |
Crecimiento económico Inversión Maquinaria y equipo Productividad América Latina |
dc.subject.proposal.eng.fl_str_mv |
Economic growth Investment Machinery and equipment Productivity Latin America |
description |
Ilustraciones |
publishDate |
2021 |
dc.date.accessioned.none.fl_str_mv |
2021-09-06T21:53:09Z |
dc.date.available.none.fl_str_mv |
2021-09-06T21:53:09Z |
dc.date.issued.none.fl_str_mv |
2021 |
dc.type.spa.fl_str_mv |
Trabajo de grado - Maestría |
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info:eu-repo/semantics/masterThesis |
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https://repositorio.unal.edu.co/handle/unal/80103 |
dc.identifier.instname.spa.fl_str_mv |
Universidad Nacional de Colombia |
dc.identifier.reponame.spa.fl_str_mv |
Repositorio Institucional Universidad Nacional de Colombia |
dc.identifier.repourl.spa.fl_str_mv |
https://repositorio.unal.edu.co/ |
url |
https://repositorio.unal.edu.co/handle/unal/80103 https://repositorio.unal.edu.co/ |
identifier_str_mv |
Universidad Nacional de Colombia Repositorio Institucional Universidad Nacional de Colombia |
dc.language.iso.spa.fl_str_mv |
spa |
language |
spa |
dc.relation.references.none.fl_str_mv |
Abu Hassan Asari, F. F., & et. al. (2011). A time series analysis of the relationship between total area planted, palm oil price and production of Malaysian palm oil. World Applied Sciences Journal, 12, 34–40. Abdi, T. (2004). Machinery & equipment investment and growth: Evidence from the Canadian manufacturing sector. In Applied Economics (Vol. 40, Issue 4). https://doi.org/10.1080/00036840600690215 Aghion, P., Bacchetta, P., Rancière, R., & Rogoff, K. (2009). Exchange rate volatility and productivity growth: The role of financial development. Journal of Monetary Economics, 56(4), 494–513. https://doi.org/10.1016/j.jmoneco.2009.03.015 Bakari, S. (2017). The Relationship between Export, Import, Domestic Investment and Economic Growth in Egypt: Empirical Analysis. EuroEconomica, 2(36), 34–43. https://econpapers.repec.org/RePEc:dug:journl:y:2017:i:2:p:34-43 Bakari, S. (2018). The Nexus between Export, Import, Domestic Investment and Economic Growth in Japan. International Academic Journal of Business Management, 05, 1–9. https://doi.org/10.9756/IAJBM/V5I2/1810017 Banco Mundial. (2018). Connecting to Compete 2018 Trade Logistics in the Global Economy The Logistics Performance Index and Its Indicators. https://openknowledge.worldbank.org/bitstream/handle/10986/29971/LPI2018.pdf. Betancur, J.B, Orbegozo, M.C & Gantiva, D. (2018). Relación entre la tasa de inversión y el crecimiento económico en Colombia. Notas Fiscales del Ministerio de Hacienda y Crédito Público de Colombia. Chen, B., & Pearl, J. (2015). Graphical Tools for Linear Structural Equation Modeling. De Long, J. B., & Summers, L. H. (1991). Equipment Investment and Economic Growth. The Quarterly Journal of Economics, 106(2), 445–502. http://www.jstor.org/stable/2937944 De Long, J. B., & Summers, L. H. (1993). How strongly do developing economies benefit from equipment investment? Journal of Monetary Economics, 32(3), 395–415. https://doi.org/https://doi.org/10.1016/0304-3932(93)90024-A DeLong, J. B., & Summers, L. (1992). Equipment Investment and Economic Growth: How Strong Is the Nexus? Brookings Papers on Economic Activity, 23(2), 157–212. https://econpapers.repec.org/RePEc:bin:bpeajo:v:23:y:1992:i:1992-2:p:157-212 Dulleck, U., & Foster, N. (2008). Imported Equipment, Human Capital and Economic Growth in Developing Countries. Economic Analysis and Policy. https://doi.org/10.1016/S0313-5926(08)50019-1 Edwards, S. (1986). Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries. UCLA Economics Working Papers. https://ideas.repec.org/p/cla/uclawp/425.html Égert, B., Kozluk, T., & Sutherland, D. (2009). Infrastructure and Growth: Empirical Evidence. https://doi.org/10.1787/225682848268 Engle, R. F., & Granger, C. W. J. (2015). Co-integration and error correction: Representation, estimation, and testing. Applied Econometrics, 39(3), 107–135. https://doi.org/10.2307/1913236 Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182, available for download at www.ggdc.net/pwt Habib, M. M., Stracca, L., & Mileva, E. (2016). The real exchange rate and economic growth: revisiting the case using external instruments. Working Paper Series. https://ideas.repec.org/p/ecb/ecbwps/20161921.html Heid, B., Langer, J., & Larch, M. (2012). Income and democracy: Evidence from system GMM estimates. Economics Letters, 116(2), 166–169. https://doi.org/10.1016/j.econlet.2012.02.009 Herrerias, M. J. (2010). The causal relationship between equipment investment and infrastructures on economic growth in China. Frontiers of Economics in China, 5(4), 509–526. https://doi.org/10.1007/s11459-010-0110-4 Islam, N. (1995). Growth Empirics: A Panel Data Approach. The Quarterly Journal of Economics, 110(4), 1127–1170. https://doi.org/10.2307/2946651 Jalilian, H., & Odedokun, M. O. (2000). Equipment and non-equipment private investment: a generalized Solow model. Applied Economics, 32(3), 289–296. https://doi.org/10.1080/000368400322714 Jiménez, F. (2011). Crecimiento Económico. Enfoques y Modelos (1st ed.). Fondo Editorial - Pontificia Universidad Católica del Perú. https://econpapers.repec.org/RePEc:pcp:puclib:lde-2011-01 Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59(6), 1551. https://doi.org/10.2307/2938278 Johansen, S. (1995). A Statistical Analysis of Cointegration for I(2) Variables. Econometric Theory, 11(1), 25-59. Retrieved January 25, 2021, from http://www.jstor.org/stable/3532929 Khondker, B. H., Bidisha, S. H., & Razzaque, M. A. (2012). The Exchange Rate and Economic Growth An Empirical Assessment on Bangladesh. Kose, Ayhan; Ohnsorge, Franziska Lieselotte; Ye, Lei Sandy; Islamaj, E. (2017). Weakness in investment growth : causes, implications and policy responses (WPS 7990). Loayza, N., & Soto, R. (2002). The Sources of Economic Growth: An Overview. In N. Loayza, R. Soto, N. L. (Series Editor), & K. S.-H. (Series Editor) (Eds.), Economic Growth: Sources, Trends, and Cycles (1st ed., Vol. 6, pp. 1–40). Central Bank of Chile. https://econpapers.repec.org/RePEc:chb:bcchsb:v06c01pp001-040 Lucas, R. E. (1988). On the mechanics of econimic development. Journal of Monetary Economics, 22, 3–42. Lütkepohl, H. (2005). Structural Vector Autoregressive Analysis for Cointegrated Variables (No. 2). Magud, N., & Sosa, S. (2015). Investment in Emerging Markets We Are Not in Kansas Anymore…Or Are We? (15/77). https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Investment-in-Emerging-Markets-We-Are-Not-in-Kansas-AnymoreOr-Are-We-42837 Mankiw Gregory, N., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477 Mattos, C. A. de. (1999). Teorias del crecimiento endogeno: lectura desde los territorios de la periferia. Estudos Avançados. https://doi.org/10.1590/s0103-40141999000200010 Mejia, P., Osborn, D., & Sensier, M. (2004). Modelling Real Exchange Rate Effects On Growth In Latin America. Royal Economic Society Annual Conference 2004. https://ideas.repec.org/p/ecj/ac2004/118.html Mohamed, M. R., Singh, K., & Liew, C. Y. (2013). Impact of foreign direct investment & domestic investment on economic growth of Malaysia. Malaysian Journal of Economic Studies, 50, 21–35. Mushtaq, R. (2012). Augmented Dickey Fuller Test. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1911068 Nurudeen, A., & Karim, M. Z. A. (2016). The relationships between foreign direct investment, domestic savings, domestic investment, and economic growth: The case of Sub-Saharan Africa. 38, 193–217. https://doi.org/10.1556/204.2016.38.2.4 Ocampo, J. A. (2015). Los retos del desarrollo latinoamericano a la luz de la historia. Cuadernos de Economía, XXIV, 479–481. https://doi.org/10.15446/cuad.econ.v34n66.49416 Pegkas, P., & Tsamadias, C. (2016). How important are foreign and domestic investments, exports and human capital for Greece’s economic growth? Economic Issues Journal, 21, 23–45. Rebelo, S. (1991). Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, 99(3), 500–521. https://econpapers.repec.org/RePEc:ucp:jpolec:v:99:y:1991:i:3:p:500-521 Ríos, M. G. (2010). Comercio exterior y crecimiento económico, revisión de la teoría y la evidencia empírica. Revista Páginas, 0(72), 52–69. https://biblioteca.ucp.edu.co/ojs/index.php/paginas/article/view/449 Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy. https://doi.org/10.1086/261420 Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy. https://doi.org/10.3386/w3210 Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. Stata Journal, 9(1), 86–136. https://doi.org/10.1177/1536867x0900900106 Rozas, P., & Sánchez, R. (2004). Desarrollo de infraestructura y crecimiento económico: revisión conceptual (No. 75; Serie de Recursos Naturales e Infraestructura). https://repositorio.cepal.org/handle/11362/6441 Sala I Martín, X., & Barro, R. (1995). Economic Growth (1a ed.). MIT Press; McGraw Hill. http://www.bibvirtual.ucb.edu.bo:8000/opac/Record/5110 Sala-i-Martin, X. (2000). Apuntes de crecimiento ecónomico (Segunda edición). Antoni Bosch Editor. Sala-i-Martin, X. X. (1997). I Just Ran Two Million Regressions. In American Economic Review. https://doi.org/10.2139/ssrn.31213 Skare, M., & Sinković, D. (2012). Equipment investments and growth nexus – evidence from socialist and transition Croatia. Technological and Economic Development of Economy, 18, 504–528. https://doi.org/10.3846/20294913.2012.705253 Temple, J. (1998). Equipment Investment and the Solow Model. Oxford Economic Papers, 50(1), 39-62. Retrieved January 25, 2021, from http://www.jstor.org/stable/3488699 Terrones, M. E., & Calderon, C. A. (1993). Educación, capital humano y crecimiento económico: el caso de América Latina. Revista Economía, 31, 23–70. https://econpapers.repec.org/RePEc:pcp:pucrev:y:1993:i:31:p:23-70 Thirlwall, A. P. (2003) La naturaleza del crecimiento económico. Un marco alternativo para comprender el desempeño de las naciones, México: Fondo de Cultura Económica. Toledo, W. (2017). El Rol de las Exportaciones en el Crecimiento Económico: Evidencia de una Muestra de Países de América Latina y el Caribe. Revista de Economía, Facultad de Economía, Universidad Autónoma de Yucatán, 34(89), 78–100. https://doi.org/10.33937/reveco.2017.88 Torrecillas, C., & Labra, R. (2014). Guía CERO para datos de panel. Un enfoque práctico. United Nations. (2007). Indicators of Sustainable Development: Guidelines and Methodologies (3ra edición). Uzawa, H. (1965). Optimum Technical Change in An Aggregative Model of Economic Growth. International Economic Review, 6(1), 18. https://doi.org/10.2307/2525621 Vianna, A. & Mollick, A. (2017) Institutions: Key Variable for Economic Development in Latin America. Journal of Economics and Business, Vol. 96, 42-58, 2018, Available at SSRN: https://ssrn.com/abstract=3211547 Xu, H., Lee, S.H., & Eom, T.H. (2007). Introduction to Panel Data Analysis: Concepts and Practices. Zivot, E. and Wang, J. (2006) Vector Autoregressive Models for Multivariate Time Series. In: Modelling Financial Time Series with S-PLUS, Springer Science, 385-429. |
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Reconocimiento 4.0 Internacionalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Orbegozo Daza, María Camilab11000d6a80bd1ceec70c39501e32facJalil Barney, Munir Andrésd326228ee04e01b6dde983626c220bf5600Gantiva Parada, Daniela8af57c2c3171709032ed83c838af00f82021-09-06T21:53:09Z2021-09-06T21:53:09Z2021https://repositorio.unal.edu.co/handle/unal/80103Universidad Nacional de ColombiaRepositorio Institucional Universidad Nacional de Colombiahttps://repositorio.unal.edu.co/IlustracionesEl papel de la acumulación de capital ha sido destacable en la mayoría de modelos de crecimiento económico, por tanto, la inversión pública se ha configurado como una poderosa herramienta de política para estimular la producción. No obstante, el efecto sobre el crecimiento por parte de distintos tipos de inversión puede diferir dentro de las distintas categorías. Por un lado, se encuentra la inversión en maquinaria y equipo con alto grado de tecnología intrínseca y, por otro, el resto de inversión compuesta en su mayoría por estructuras y edificaciones. Pese a que a priori ambas tendrían un efecto expansivo sobre la actividad económica, haciendo uso de datos de la Penn World Table 9.1, y mediante modelos de datos panel y modelos de Vectores de Corrección de Error, se encontró que, en términos generales, los países de América Latina deberían priorizar específicamente la inversión en maquinaria y equipo por su efecto en el crecimiento económico. Asimismo, se resalta que la inversión, más allá del tipo de bien, debe enfocarse en ser eficiente, pertinente y efectiva para promover crecimiento y desarrollo. (Texto tomado de la fuente).The role of capital accumulation has been prominent in most economic growth models, therefore, public investment has been set as a powerful policy tool to stimulate production. However, the effect on growth by different types of investment may differ; on the one hand, there is investment in machinery and equipment with a high degree of intrinsic technology and on the other, the rest of the investment consists mostly of structures and buildings. Although both should have an expansionary effect on economic activity, using data from Penn World Table 9.1 and through panel data models and Error Correction Vector models, it was found that Latin American countries should prioritize their investment in machinery and equipment because of its effect on growth, with the exception of Brazil, where the individual analysis didn’t allow a conclusion. The results also suggest that investment, beyond the type of good, should focus on being efficient, relevant and effective in promoting growth and development.Incluye anexosMaestríaMagíster en Ciencias Económicas50 páginas sin numerarapplication/pdfspaUniversidad Nacional de ColombiaBogotá - Ciencias Económicas - Maestría en Ciencias EconómicasEscuela de EconomíaFacultad de Ciencias EconómicasBogotá, ColombiaUniversidad Nacional de Colombia - Sede Bogotá330 - EconomíaEconomic developmentMachineryMaquinariaInversionesInvestmentsDesarrollo económicoCrecimiento económicoInversiónMaquinaria y equipoProductividadAmérica LatinaEconomic growthInvestmentMachinery and equipmentProductivityLatin AmericaInfluencia de la inversión en maquinaria y equipo en el crecimiento económico de América LatinaInfluence of machinery and equipment investment on economic growth in Latin AmericaTrabajo de grado - Maestríainfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/acceptedVersionTexthttp://purl.org/redcol/resource_type/TMAbu Hassan Asari, F. F., & et. al. (2011). A time series analysis of the relationship between total area planted, palm oil price and production of Malaysian palm oil. World Applied Sciences Journal, 12, 34–40.Abdi, T. (2004). Machinery & equipment investment and growth: Evidence from the Canadian manufacturing sector. In Applied Economics (Vol. 40, Issue 4). https://doi.org/10.1080/00036840600690215Aghion, P., Bacchetta, P., Rancière, R., & Rogoff, K. (2009). Exchange rate volatility and productivity growth: The role of financial development. Journal of Monetary Economics, 56(4), 494–513. https://doi.org/10.1016/j.jmoneco.2009.03.015Bakari, S. (2017). The Relationship between Export, Import, Domestic Investment and Economic Growth in Egypt: Empirical Analysis. EuroEconomica, 2(36), 34–43. https://econpapers.repec.org/RePEc:dug:journl:y:2017:i:2:p:34-43Bakari, S. (2018). The Nexus between Export, Import, Domestic Investment and Economic Growth in Japan. International Academic Journal of Business Management, 05, 1–9. https://doi.org/10.9756/IAJBM/V5I2/1810017Banco Mundial. (2018). Connecting to Compete 2018 Trade Logistics in the Global Economy The Logistics Performance Index and Its Indicators. https://openknowledge.worldbank.org/bitstream/handle/10986/29971/LPI2018.pdf.Betancur, J.B, Orbegozo, M.C & Gantiva, D. (2018). Relación entre la tasa de inversión y el crecimiento económico en Colombia. Notas Fiscales del Ministerio de Hacienda y Crédito Público de Colombia.Chen, B., & Pearl, J. (2015). Graphical Tools for Linear Structural Equation Modeling.De Long, J. B., & Summers, L. H. (1991). Equipment Investment and Economic Growth. The Quarterly Journal of Economics, 106(2), 445–502. http://www.jstor.org/stable/2937944De Long, J. B., & Summers, L. H. (1993). How strongly do developing economies benefit from equipment investment? Journal of Monetary Economics, 32(3), 395–415. https://doi.org/https://doi.org/10.1016/0304-3932(93)90024-ADeLong, J. B., & Summers, L. (1992). Equipment Investment and Economic Growth: How Strong Is the Nexus? Brookings Papers on Economic Activity, 23(2), 157–212. https://econpapers.repec.org/RePEc:bin:bpeajo:v:23:y:1992:i:1992-2:p:157-212Dulleck, U., & Foster, N. (2008). Imported Equipment, Human Capital and Economic Growth in Developing Countries. Economic Analysis and Policy. https://doi.org/10.1016/S0313-5926(08)50019-1Edwards, S. (1986). Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries. UCLA Economics Working Papers. https://ideas.repec.org/p/cla/uclawp/425.htmlÉgert, B., Kozluk, T., & Sutherland, D. (2009). Infrastructure and Growth: Empirical Evidence. https://doi.org/10.1787/225682848268Engle, R. F., & Granger, C. W. J. (2015). Co-integration and error correction: Representation, estimation, and testing. Applied Econometrics, 39(3), 107–135. https://doi.org/10.2307/1913236Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182, available for download at www.ggdc.net/pwtHabib, M. M., Stracca, L., & Mileva, E. (2016). The real exchange rate and economic growth: revisiting the case using external instruments. Working Paper Series. https://ideas.repec.org/p/ecb/ecbwps/20161921.htmlHeid, B., Langer, J., & Larch, M. (2012). Income and democracy: Evidence from system GMM estimates. Economics Letters, 116(2), 166–169. https://doi.org/10.1016/j.econlet.2012.02.009Herrerias, M. J. (2010). The causal relationship between equipment investment and infrastructures on economic growth in China. Frontiers of Economics in China, 5(4), 509–526. https://doi.org/10.1007/s11459-010-0110-4Islam, N. (1995). Growth Empirics: A Panel Data Approach. The Quarterly Journal of Economics, 110(4), 1127–1170. https://doi.org/10.2307/2946651Jalilian, H., & Odedokun, M. O. (2000). Equipment and non-equipment private investment: a generalized Solow model. Applied Economics, 32(3), 289–296. https://doi.org/10.1080/000368400322714Jiménez, F. (2011). Crecimiento Económico. Enfoques y Modelos (1st ed.). Fondo Editorial - Pontificia Universidad Católica del Perú. https://econpapers.repec.org/RePEc:pcp:puclib:lde-2011-01Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59(6), 1551. https://doi.org/10.2307/2938278Johansen, S. (1995). A Statistical Analysis of Cointegration for I(2) Variables. Econometric Theory, 11(1), 25-59. Retrieved January 25, 2021, from http://www.jstor.org/stable/3532929Khondker, B. H., Bidisha, S. H., & Razzaque, M. A. (2012). 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