Exports versus capital accumulation in Argentina, Brazil, Chile, and Mexico

被引:0
|
作者
Vazquez Munoz, Juan Alberto [1 ]
Zavaleta Gonzalez, Josue [1 ]
机构
[1] Benemerita Univ Autonoma Puebla, Puebla, Mexico
来源
PROBLEMAS DEL DESARROLLO | 2022年 / 53卷 / 209期
关键词
capital accumulation; exports; economic growth; trade balance; panel data; PAYMENTS CONSTRAINT; ECONOMIC-GROWTH; BALANCE;
D O I
10.22201/iiec.20078951e.2022.209.69819
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
This article analyzes the relative importance of exports and capital accumulation for growth rates in Argentina, Chile, and Mexico for the period 1961-2019, and Brazil for the period 1971-2019. This article finds evidence that capital accumulation has a significant positive effect on the growth rate, with exports also having a significant, although lesser, impact. Likewise, the effect of exports on reducing the external constraint to growth is insignificant compared to that of capital accumulation. The article concludes by suggesting that growth strategies should privilege capital accumulation, rather than exports.
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页码:53 / 79
页数:27
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