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Economic determinants of total poverty in Venezuela: 1975-2000

Author

Listed:
  • Pedro Harmath

    () (Investigador del Grupo Banca, Instituto de Investigaciones Económicas y Sociales. Universidad de Los Andes, Mérida Venezuela.)

  • Rafael Acevedo

    () (Docente investigador de la Universidad Centro Occidental Lizandro Alvarado. Decanato de Ciencias y Tecnología. Departamento de Estudios Básicos y Sociales, Barquisimeto edo. Lara.)

Abstract

This paper investigates the determinants of the behavior on the long time of the total poverty in Venezuela during the period 1975-2000. Series of time are utilized and the paper applies an analysis of multiple lineal regression. The empirical results indicate that an increase of the 1% in the rate of investment, a rise of 1US$ in the prices of the barrel of petroleum, and an increment of Bs. 1 (old) in the price average of the American currency will cause a reduction of the 5.05%, 2.43% an increase of the 0.06% respectively of the share of grow of the total poverty in Venezuela. Therefore, it is concluded that these variables are very important and necessary for establishing economic policies that they main is to diminish the poverty.

Suggested Citation

  • Pedro Harmath & Rafael Acevedo, 2009. "Economic determinants of total poverty in Venezuela: 1975-2000," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(28), pages 161-189, July-Dece.
  • Handle: RePEc:ula:econom:v:34:y:2009:i:28:p:161-189
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    More about this item

    Keywords

    Total poverty; investment rate; oil prices; exchange rate.;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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