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

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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.)

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.

Suggested Citation

  • Omar Neme Castillo & Ana Lilia Valderrama Santibáñez & Humberto Ríos Bolívar, 2013. "Comercio internacional, IED, capital humano e ingreso per cápita en América Latina y el Caribe," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 101-139, May.
  • Handle: RePEc:ere:journl:v:xxxii:y:2013:i:1:p:101-139
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    References listed on IDEAS

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    More about this item

    Keywords

    Per capita income; international trade; “available” foreign technological stock; physical capital and human capital;

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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