SciELO - Scientific Electronic Library Online

vol.76 número300Reducing the race to the bottom: A primer on a global floor for minimum wagesDoes the number of borrowers per loan officer influence microfinance institution asset quality? A stochastic frontier analysis índice de autoresíndice de assuntospesquisa de artigos
Home Pagelista alfabética de periódicos  

Serviços Personalizados




Links relacionados

  • Não possue artigos similaresSimilares em SciELO


Investigación económica

versão impressa ISSN 0185-1667


LANDA DIAZ, Heri Oscar  e  ARRIAGA NAVARRETE, Rosalinda. Crecimiento, competitividad y restricción externa en América Latina. Inv. Econ [online]. 2017, vol.76, n.300, pp.53-80. ISSN 0185-1667.

The paper is aimed at empirically assessing both the Marshall-Lerner condition and Thirlwall’s hypothesis of external constraint on economic growth for the case of Latin American. Our goal is twofold: on the one hand, the role of the exchange rate in the trade balance equilibrium is dealt with and, on the other hand, we look at the effect of the current account balance on economic dynamics. A dynamic panel (Pooled Mean Group) is applied for hypothesis testing on a sample of data of countries such as Argentina, Brazil, Chile, Colombia and Mexico for the period 1994-2015. Our main results suggest that: 1) an improvement in the real exchange rate in the long run tend to improve the trade balance, and 2) the long-term growth path of an economy is demand-determined, with the export sector as the dynamic drive.

Palavras-chave : Balance of payments; real exchange rate; economic growth; dynamic model.

        · resumo em Espanhol     · texto em Espanhol     · Espanhol ( pdf )