<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672024000400124</article-id>
<article-id pub-id-type="doi">10.22201/fe.01851667p.2024.330.89592</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Las constelaciones de Thirlwall: un análisis para el caso de América Latina, 1992-2020]]></article-title>
<article-title xml:lang="en"><![CDATA[Thirlwall&#8217;s constellations: an analysis the case of Latin America, 1992-2020]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Avendaño Vargas]]></surname>
<given-names><![CDATA[Blanca Lilia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Domínguez Rubio]]></surname>
<given-names><![CDATA[Ernesto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Benemérita Universidad Autónoma de Puebla  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>83</volume>
<numero>330</numero>
<fpage>124</fpage>
<lpage>156</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672024000400124&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672024000400124&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672024000400124&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN En este artículo evaluamos teórica y empíricamente el crecimiento económico de Argentina, Brasil, Chile, Colombia, México y Perú durante el periodo 1992-2020 utilizando el enfoque teórico de las constelaciones de Thirlwall (2001). Estimamos la tasa natural de crecimiento endógena, la tasa de crecimiento garantizada y la tasa de crecimiento consistente con el equilibrio de la balanza de pagos incluyendo los flujos de capital, en sus versiones simple y extendida. Nuestra hipótesis plantea que las economías seleccionadas están caracterizadas principalmente por una restricción interna al crecimiento, que se manifiesta a través de la divergencia entre la tasa natural de crecimiento endógena y la tasa de crecimiento garantizada. Los flujos de capital, incorporados en la tasa de crecimiento compatible con el equilibrio de la balanza de pagos, han contribuido a relajar la restricción externa; sin embargo, no se ha observado un crecimiento acelerado de las economías en las últimas tres décadas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT In this paper, we theoretically and empirically assess the economic growth of Argentina, Brazil, Chile, Colombia, Mexico and Peru during the period 1992-2020, using the theoretical framework of Thirlwall&#8217;s (2001) constellations. We estimate the endogenous natural rate of growth, the warranted growth rate and the growth rate consistent with the balance of payments equilibrium, both in its simple and extended version, incorporating capital flows. Our hypothesis is that the selected economies are mainly characterized by an internal growth constraint, reflected in the divergence between the endogenous natural rate of growth and the warranted growth rate. Capital flows, incorporated in the growth rate consistent with the balance of payments equilibrium, have alleviated the external constraint; however, an accelerated economic growth has not been observed in these economies over the last three decades.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[ley de Thirlwall]]></kwd>
<kwd lng="es"><![CDATA[constelaciones]]></kwd>
<kwd lng="es"><![CDATA[flujos de capital]]></kwd>
<kwd lng="es"><![CDATA[América Latina]]></kwd>
<kwd lng="en"><![CDATA[Thirlwall&#8217;s Law]]></kwd>
<kwd lng="en"><![CDATA[constellations]]></kwd>
<kwd lng="en"><![CDATA[capital flows]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
</kwd-group>
</article-meta>
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