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

  • 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.)

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    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.

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    Article provided by Universidad Autonoma de Nuevo Leon, Facultad de Economia in its journal Ensayos Revista de Economia.

    Volume (Year): XXXII (2013)
    Issue (Month): 1 (May)
    Pages: 101-139

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    Handle: RePEc:ere:journl:v:xxxii:y:2013:i:1:p:101-139
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