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Conducción empresarial y flujos de capitales privados hacia América Latina

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  • Alberto Chong

    ()

  • Alejandro Izquierdo

    ()

  • Alejandro Micco
  • Ugo Panizza

Abstract

(Disponible en idioma inglés únicamente) Según investigaciones recientes, factores externos y consideraciones de la gestión política son determinantes claves de los flujos de capitales en América Latina. Proponemos que la conducción empresarial también es un factor determinante crucial. Mostramos que si bien la región se caracteriza por niveles relativamente bajos de conducción empresarial, muestra flujos de capitales altamente inestables. El elevado nivel de inestabilidad económica que caracteriza a la región se debe en parte al comportamiento de los flujos de capitales, los que, a su vez, acusan los efectos de los factores externos. En este trabajo se muestra que al poner en práctica una mejor conducción empresarial, la región puede reducir la sensibilidad de los flujos de capitales a las sacudidas externas y, con ello, ayudar a reducir la inestabilidad de sus economías.

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Bibliographic Info

Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4324.

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Date of creation: Feb 2003
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Handle: RePEc:idb:wpaper:4324

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