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Instituciones, recursos naturales y sus efectos en el crecimiento económico: un sistema de ecuaciones simultáneas en panel de datos

Listed author(s):
  • José Luis Nolazco

    (MEF y Universidad de Lima)

  • Claudio Bravo-Ortega

    (Universidad de Chile)

El objetivo de este trabajo es doble. Por un lado, se evalúa el impacto de las instituciones, el capital humano y físico sobre el crecimiento económico cuando un país depende de los recursos naturales. Por otro lado, se utiliza una metodología que corrige las deficiencias de estudios previos. Los resultados para una muestra de 64 países indican que si las instituciones son malas (excelentes), los países deberían incrementar la tasa de crecimiento del PIB per cápita en un 0.56 (1.01), 0.45 (1.02), 0.24 (0.40) si aumenta las exportaciones de alimentos, materias primas agrícolas y primarias por una desviación estándar, respectivamente. Para el caso de oro y metales, con malas (excelentes) instituciones la tasa de crecimiento del PIB per cápita disminuye en 1.34 (1.18) ante un incremento de dichas exportaciones por una desviación estándar. El estudio encuentra que se cumple la apropiabilidad técnica de los recursos en el crecimiento económico y; aquellos países con mejores instituciones contrarrestan el efecto negativo ocasionado por la maldición de los recursos naturales.

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Paper provided by Peruvian Economic Association in its series Working Papers with number 2016-82.

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Date of creation: Dec 2016
Handle: RePEc:apc:wpaper:2016-082
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