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Per Capita Income and foreign opening. An analysis for Latin America and The Caribbean

Author

Listed:
  • Omar Neme Castillo

    (INSTITUTO POLITÉCNICO NACIONAL. ESCUELA SUPERIOR DE ECONOMÍA)

  • Ana Lilia Valderrama Santibáñez

    (INSTITUTO POLITÉCNICO NACIONAL. ESCUELA SUPERIOR DE ECONOMÍA)

  • Humberto Ríos Bolívar

    (INSTITUTO POLITÉCNICO NACIONAL. ESCUELA SUPERIOR DE ECONOMÍA)

  • José Israel Briseño Perezyera

    (INSTITUTO POLITÉCNICO NACIONAL. ESCUELA SUPERIOR DE ECONOMÍA)

Abstract

This paper discusses the relationship between international opening, measured by several variables, and per capita income in 21 countries of Latin American and the Caribbean in the period 1977-2015. A neoclassical endogenous growth model is developed with human capital, international trade and foreign technological capital stock. Econometric estimation employs a panel data methodology. It is estimated that technology of exclusive use of foreign firms as well as capital goods imports drive per capita income.

Suggested Citation

  • Omar Neme Castillo & Ana Lilia Valderrama Santibáñez & Humberto Ríos Bolívar & José Israel Briseño Perezyera, 2017. "Per Capita Income and foreign opening. An analysis for Latin America and The Caribbean," 'Oikos Polis', Revista Latinoamericana de Ciencias Económicas y Sociales (RLCES), Instituto de Investigaciones Economicas y Sociales 'Jose Ortiz Mercado' (IIES-JOM), Facultad de Ciencias Económicas, Administrativas y Financieras, Universidad Autonoma Gabriel Rene Moreno, vol. 2(1), pages 1-30.
    • Handle: RePEc:grm:oikosp:201701
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    More about this item

    Keywords

    Per capita income; international trade; Latin America and The Caribbean.;
    All these keywords.

    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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