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El influjo de capitales al Perú, 1990-1998

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  • Jorge Rojas

    () (Departamento de Economía- Pontificia Universidad Católica del Perú)

Abstract

This paper tries to emphasize the importance of the inflow of foreign capitals for the performance of the Peruvian economy during the 1990-1998 period. In fact, it is argued that both the expansion of the level of activity and the defeat of inflation were made possible by the big inflow of capitals during this period. It is also emphasized that such inflow of capitals cannot be explained only by domestic factors –such as the program of economic reforms–, but that it was part of a global phenomenon concerning most developing nations, resulting from a big boom in international financial markets. Anyway, the role of economic reforms in attracting foreign investment is recognized, especially through the privatization program, as is the fact that the economic sectors that attract foreign investors are not precisely the most competitive ones.

Suggested Citation

  • Jorge Rojas, 1999. "El influjo de capitales al Perú, 1990-1998," Documentos de Trabajo / Working Papers 1999-177, Departamento de Economía - Pontificia Universidad Católica del Perú.
  • Handle: RePEc:pcp:pucwps:wp00177
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    File URL: http://files.pucp.edu.pe/departamento/economia/DDD177.pdf
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    1. repec:mes:challe:v:33:y:1990:i:4:p:57-59 is not listed on IDEAS
    2. Dioniso Dias CArneiro & Rogerio Werneck, 1989. "Brazil: Growth exercices for the nineties," Textos para discussão 226, Department of Economics PUC-Rio (Brazil).
    3. Alan Fairlie, 1994. "Una lectura peruana del plan de convertibilidad argentino," Documentos de Trabajo / Working Papers 1994-118, Departamento de Economía - Pontificia Universidad Católica del Perú.
    4. Gloria Canales, 1992. "Tasa de cambio real efectiva y exportaciones de manufacturados. El caso de Brasil," Documentos de Trabajo / Working Papers 1992-101, Departamento de Economía - Pontificia Universidad Católica del Perú.
    5. Alan Fairlie, 1993. "Precios relativos y cambio de régimen en el Perú: del fracaso de la heterodoxia a la hiperinflación," Documentos de Trabajo / Working Papers 1993-114, Departamento de Economía - Pontificia Universidad Católica del Perú.
    6. Solimano,Andres R., 1990. "Macroeconomic constraints for medium term growth and distribution : a model for Chile," Policy Research Working Paper Series 400, The World Bank.
    7. Dionisio Dias Carneiro & Rogerio L. F. Werneck, 1988. "External debt, economic growth and fiscal adjustment," Textos para discussão 202, Department of Economics PUC-Rio (Brazil).
    8. Edmar Bacha, 1982. "Growth with limited supplies of foreign exchanges: a reappraisal of the two-gap model," Textos para discussão 26, Department of Economics PUC-Rio (Brazil).
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