FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS

This paper examines the impact of foreign direct investment (FDI) on labor productivity growth in Chile during the 1960-2001 period. Using co-integration analysis, the paper estimates an error correction model (ECM) that suggests that increases in FDI flows had a positive and significant effect on l...

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Detalhes bibliográficos
Autor: RAMÍREZ, MIGUEL D.
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2009
País:México
Recursos:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
Repositorio:Problemas del Desarrollo. Revista Latinoamericana de Economía
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/7563
Acesso em linha:https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7563
Access Level:acceso abierto
Palavra-chave:MODELO DE CORRECCION DEL ERROR (MDE)
CRITERIO DE INFORMACION AKAIKE (CIA)
CRITERIO SCHWARTZ BAYESIAN (CSB)
error correction model
ECM
akaike information criterion
AIC
and Schwartz bayesian criterion (SBC)
modèle de correction d’erreur
MCE
critère d’information Akaike
et critère Schwartz Bayesian
CSB
modelo de correção de erros
critério Akaike de informação
CAI
e critério Schwartz Bayesian
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network_acronym_str MX
network_name_str México
repository_id_str
dc.title.none.fl_str_mv FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
title FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
spellingShingle FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
RAMÍREZ, MIGUEL D.
MODELO DE CORRECCION DEL ERROR (MDE)
CRITERIO DE INFORMACION AKAIKE (CIA)
CRITERIO SCHWARTZ BAYESIAN (CSB)
error correction model
ECM
akaike information criterion
AIC
and Schwartz bayesian criterion (SBC)
modèle de correction d’erreur
MCE
critère d’information Akaike
AIC
et critère Schwartz Bayesian
CSB
modelo de correção de erros
MCE
critério Akaike de informação
CAI
e critério Schwartz Bayesian
CSB
title_short FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
title_full FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
title_fullStr FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
title_full_unstemmed FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
title_sort FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSIS
dc.creator.none.fl_str_mv RAMÍREZ, MIGUEL D.
author RAMÍREZ, MIGUEL D.
author_facet RAMÍREZ, MIGUEL D.
author_role author
dc.subject.none.fl_str_mv MODELO DE CORRECCION DEL ERROR (MDE)
CRITERIO DE INFORMACION AKAIKE (CIA)
CRITERIO SCHWARTZ BAYESIAN (CSB)
error correction model
ECM
akaike information criterion
AIC
and Schwartz bayesian criterion (SBC)
modèle de correction d’erreur
MCE
critère d’information Akaike
AIC
et critère Schwartz Bayesian
CSB
modelo de correção de erros
MCE
critério Akaike de informação
CAI
e critério Schwartz Bayesian
CSB
topic MODELO DE CORRECCION DEL ERROR (MDE)
CRITERIO DE INFORMACION AKAIKE (CIA)
CRITERIO SCHWARTZ BAYESIAN (CSB)
error correction model
ECM
akaike information criterion
AIC
and Schwartz bayesian criterion (SBC)
modèle de correction d’erreur
MCE
critère d’information Akaike
AIC
et critère Schwartz Bayesian
CSB
modelo de correção de erros
MCE
critério Akaike de informação
CAI
e critério Schwartz Bayesian
CSB
description This paper examines the impact of foreign direct investment (FDI) on labor productivity growth in Chile during the 1960-2001 period. Using co-integration analysis, the paper estimates an error correction model (ECM) that suggests that increases in FDI flows had a positive and significant effect on labor productivity growth. The lagged public investment variable, as well as outward-oriented policies and economic crises (captured by dummies) were also found to have the expected sign and to be statistically significant. The error correction terms are negative and statistically significant, suggesting that contemporaneous shocks to the longrun labor productivity relationship are corrected in subsequent periods.
publishDate 2009
dc.date.none.fl_str_mv 2009-10-05
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artículo arbitrado
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7563
10.22201/iiec.20078951e.2005.140.7563
url https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7563
identifier_str_mv 10.22201/iiec.20078951e.2005.140.7563
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7563/7052
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad Nacional Autónoma de México
publisher.none.fl_str_mv Universidad Nacional Autónoma de México
dc.source.none.fl_str_mv Problemas del Desarrollo. Revista Latinoamericana de Economía; Vol. 36 Núm. 140 (2005)
2007-8951
0301-7036
10.22201/iiec.20078951e.2005.140
reponame:Problemas del Desarrollo. Revista Latinoamericana de Economía
instname:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
instacron:UNAM
instname_str UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
instacron_str UNAM
institution UNAM
reponame_str Problemas del Desarrollo. Revista Latinoamericana de Economía
collection Problemas del Desarrollo. Revista Latinoamericana de Economía
repository.name.fl_str_mv
repository.mail.fl_str_mv
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spelling FOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSISForeign Capital and Labor Productivity Growth in Chile: An Empirical AnaysisFOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSISFOREIGN CAPITAL AND LABOR PRODUCTIVITY GROWTH IN CHILE: AN EMPIRICAL ANALYSISRAMÍREZ, MIGUEL D.MODELO DE CORRECCION DEL ERROR (MDE)CRITERIO DE INFORMACION AKAIKE (CIA)CRITERIO SCHWARTZ BAYESIAN (CSB)error correction modelECMakaike information criterionAICand Schwartz bayesian criterion (SBC)modèle de correction d’erreurMCEcritère d’information AkaikeAICet critère Schwartz BayesianCSBmodelo de correção de errosMCEcritério Akaike de informaçãoCAIe critério Schwartz BayesianCSBThis paper examines the impact of foreign direct investment (FDI) on labor productivity growth in Chile during the 1960-2001 period. Using co-integration analysis, the paper estimates an error correction model (ECM) that suggests that increases in FDI flows had a positive and significant effect on labor productivity growth. The lagged public investment variable, as well as outward-oriented policies and economic crises (captured by dummies) were also found to have the expected sign and to be statistically significant. The error correction terms are negative and statistically significant, suggesting that contemporaneous shocks to the longrun labor productivity relationship are corrected in subsequent periods.Esta ponencia examina el impacto de la inversión extranjera directa (IED) sobre el crecimiento de la productividad laboral en Chile durante el periodo 1960-2001. Usando el análisis de cointegración, la ponencia estima un modelo de corrección del error (MCE) que sugiere que los aumentos en los flujos de la IED tuvieron un efecto positivo y notable sobre el crecimiento de la productividad laboral. Se encuentra que la variable retrasada de la inversión pública, así como las políticas orientadas hacia afuera y las crisis económicas (capturadas por ficticios), tuvieron el signo esperado y fueron significativos estadísticamente. Los términos de corrección de error son negativos y sugieren que los choques contemporáneos en la relación de productividad laboral de largo plazo son corregidos en periodos subsecuentes.Ce document analyse l'impact de l'investissement étranger direct (sigles en anglais FDI) dans la croissance de la productivité du travail au Chili pendant la période de 1960-2001. En utilisant l'analyse de co-intégration, ce travail étudie un modèle de correction d'erreurs (ECM) qui suggère que la croissance du flux de l'IED (FDI) a un effet positif et signifiant dans la croissance de la productivité du travail. La variable de l'investissement public retardé, aussi bien que les politiques orientées vers l'extérieur et les crises économiques ont aussi montré posséder les signes attendus et être significatifs statistiquement. Les termes de correction d'erreur sont négatifs et statistiquement significatifs, ce qui suggère que les chocs contemporains à la relation de longue durée de la productivité du travail se corrigent lors des périodes suivantes.Este documento estuda o impacto do investimento estrangeiro direto (IED) sobre o crescimentoda produtividade laboral no Chile durante o período 1960-2001. Mediante um análise decointegração, o estudo percebe um modelo de correção de erros (MCE) que sugere que osincrementos nos fluxos do IED tiveram um efeito positivo e importante no crescimento daprodutividade laboral. Tanto a variável atrasada no investimento público quanto as políticasexternas e crises económicas (capturadas por principiantes) também tiveram o sinal esperadoe foram estatisticamente relevantes. Os termos de correção de erros são negativos e relevantesestatisticamente, e sugerem que os choques contemporaneos contra o relacionamento daprodutividade laboral ao longo prazo corrigem-se em períodos subseqüentes.Universidad Nacional Autónoma de México2009-10-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículo arbitradoapplication/pdfhttps://www.probdes.iiec.unam.mx/index.php/pde/article/view/756310.22201/iiec.20078951e.2005.140.7563Problemas del Desarrollo. Revista Latinoamericana de Economía; Vol. 36 Núm. 140 (2005)2007-89510301-703610.22201/iiec.20078951e.2005.140reponame:Problemas del Desarrollo. Revista Latinoamericana de Economíainstname:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICOinstacron:UNAMspahttps://www.probdes.iiec.unam.mx/index.php/pde/article/view/7563/7052info:eu-repo/semantics/openAccessoai:ojs.pkp.sfu.ca:article/75632024-08-16T18:28:02Z
score 15.198674

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