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El crecimiento económico internacional en la segunda mitad del siglo XX: ¿qué factores lo determinaron?

  • Carlos Esteban Posada

    ()

  • Eliana Carolina Rubiano

    ()

En este ensayo presentamos un modelo de crecimiento económico y los resultados de su estimación econométrica. Entre sus variables incluimos las demográficas y de capital físico y humano. El ejercicio empírico se basó en un "panel dinámico"que cubrió un período de aproximadamente cuatro decenios (1960-2000) y tres muestras de países con el fin de apreciar la robustez de los resultados. La primera, con 59 países, y, las otras dos, diferenciando entre países pobres y ricos. Los resultados de la muestra total parecen dominados por los de la sub-muestra de países pobres, a saber: solo la tasa de inversión en capital físico fue significativa en la determinación de la tasa de crecimiento económico. En el caso de los países ricos, además de la inversión en capital físico, también se mostraron significativas la inversión en capital humano (con un efecto rezagado de 10 años) y la constante, sugiriendo, esto último, que fue importante en estos países un cambio técnico exógeno como uno de sus motores de crecimiento.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 445.

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