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Determinantes del crecimiento económico y convergencia en Centroamérica: Evidencia de modelos dinámicos con datos panel

Author

Listed:
  • Rodolfo Cermeño

    (Division of Economics, CIDE)

  • Roslyn Jiménez

Abstract

In this paper we study the process of economic growth and convergence in Central America over the period 1960-2000. We specify a dynamic panel data model with fixed effects and evaluate the impact of the factors typically considered in the empirical growth literature, including human capital and socio-political factors. We also characterize the process of convergence and its magnitude. The results of this study suggest that investment in physical capital is the key determinant of growth in the region. Also, we find that the growth process in Central America is consistent with conditional convergence and shows a negative long run trend.

Suggested Citation

  • Rodolfo Cermeño & Roslyn Jiménez, 2006. "Determinantes del crecimiento económico y convergencia en Centroamérica: Evidencia de modelos dinámicos con datos panel," Working papers DTE 380, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte380
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE380.pdf
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    More about this item

    Keywords

    economic growth; convergence; Central America;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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