EFECTO DEL GASTO PÚBLICO, LA CORRUPCIÓN Y LA INVERSIÓN EXTRANJERA DIRECTA EN EL CRECIMIENTO ECONÓMICO A NIVEL GLOBAL Y POR REGIONES DURANTE EL PERÍODO 1996-2017: ANÁLISIS EMPÍRICO CON DATOS DE PANEL
Economic growth is one of the most important objectives of a country's economic policies, since it facilitates economic development and for the well-being of the population in general. It is important to note that public spending and FDI play a very important role in growth, the first guarantee...
שמור ב:
| מחבר ראשי: | |
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| פורמט: | bachelorThesis |
| שפה: | spa |
| יצא לאור: |
2019
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| נושאים: | |
| גישה מקוונת: | http://dspace.unl.edu.ec/jspui/handle/123456789/22418 |
| תגים: |
הוספת תג
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הוספת תג | סיכום: | Economic growth is one of the most important objectives of a country's economic policies, since it facilitates economic development and for the well-being of the population in general. It is important to note that public spending and FDI play a very important role in growth, the first guarantees the welfare state of society in its different forms and the second through the positive externalities that generate drives economic growth. On the contrary, when referring to corruption, it becomes clear that it slows the long-term economic growth of a country and threatens the distribution of resources and the efficiency of social welfare programs. In this context, this research has as main objective to analyze the effect of public spending, corruption and direct foreign investment on economic growth at a global level and by region, for the period 1996-2017. For this purpose, a panel data analysis was performed using the Westerlund test (2007) to test the short-term equilibrium relation, while the long-term equilibrium relation was estimated using the Pedroni test (1999). Additionally, the strength of the cointegration vector was determined with the Pedroni test (2001) by groups of countries (PDOLS) and individually (DOLS). Likewise, the causality test of Dumitrescu and Hurlin (2012) was applied based on the Granger causality test (1988). The results obtained indicate that public spending, corruption, FDI and GDP are cointegrated in the short and long term. The strength of the cointegration vector was consistent in large proportion at the individual level rather than by regions. On the other hand, bidirectional causality between public spending, corruption and FDI with respect to GDP was found globally, and unidirectional causality in all variables, however, the behavior of the variables is different in each region. Finally, based on the results obtained, further analysis is suggested regarding the relationship between corruption and FDI, especially in developing economies. Considering the importance of FDI in GDP, it is suggested that governments ensure a stable macroeconomic environment to attract investment and that it is aimed at generating new sources of employment, new technology, as well as the environment conducive to productive specialization. In addition, public spending should focus on activating the different strategic sectors of the economy. |
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