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Inversión Privada como Motor del Crecimiento: Evidencia con un Panel Dinámico Heterogéneo

Author

Listed:
  • Navarrete José Luis
  • Descalzi Ricardo Luis
  • Barone Sergio Víctor
  • Acedo Colli Luis Abel

Abstract

Este estudio reexamina la relación de largo plazo entre la inversión y el crecimiento económico, desagregando la inversión en sus componentes público y privado. Utilizando un panel dinámico de 137 países para el período 1970-2019, se aplican modelos econométricos (Panel ARDL) que abordan la heterogeneidad y la dependencia de sección cruzada, lo que permite obtener resultados robustos. Los hallazgos confirman que la inversión tiene un impacto positivo y significativo en el crecimiento a largo plazo. Sin embargo, este efecto es impulsado de manera principal y robusta por la inversión privada. En contraste, el impacto de la inversión pública es considerablemente más débil y no es estadísticamente significativo en todas las especificaciones. Estos resultados sugieren que, si bien fomentar la inversión es clave para el desarrollo, las políticas deben priorizar la creación de un entorno favorable para la inversión del sector privado, que se revela como el verdadero motor del crecimiento económico sostenido.

Suggested Citation

  • Navarrete José Luis & Descalzi Ricardo Luis & Barone Sergio Víctor & Acedo Colli Luis Abel, 2025. "Inversión Privada como Motor del Crecimiento: Evidencia con un Panel Dinámico Heterogéneo," Asociación Argentina de Economía Política: Working Papers 4823, Asociación Argentina de Economía Política.
    • Handle: RePEc:aep:anales:4823
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    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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