About
Contact
Help
Sending publications
How to publish
Advanced Search
View Item 
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse byCommunities and CollectionsDateAuthorsTitlesSubjectsThis CollectionDateAuthorsTitlesSubjects

My Account

Login to my accountRegister
Biblioteca Digital - Universidad de Chile
Revistas Chilenas
Repositorios Latinoamericanos
Tesis LatinoAmericanas
Tesis chilenas
Related linksRegistry of Open Access RepositoriesOpenDOARGoogle scholarCOREBASE
My Account
Login to my accountRegister

Economic openness, external financing and sustained growth

Artículo
Thumbnail
Open/Download
IconJose_Luis_Maia.pdf (5.459Mb)
Publication date
1995-12
Metadata
Show full item record
Cómo citar
Maia, José Luis
Cómo citar
Economic openness, external financing and sustained growth
.
Copiar
Cerrar

Author
  • Maia, José Luis;
  • Ortiz, Javier;
Abstract
In this paper we make explicit the relationship that exists between a set of structural reforms –as those undertaken in Argentina at the beginnings of the nineties- and the growth process that they generate. It is argued that such reforms, and particularly those related to the external sector, improve the efficiency in resource allocation and hence bring about an increase in the marginal productivity of the existing per capita capital stock. This improvement in efficiency puts the economy on a growth path having either temporary or permanent characteristics. In this model, as in other intertemporal paradigms of open economies with optimizing agents, the country resorts to the international credit market in order to finance higher consumption and investment levels.\nThe paper also offers empirical evidence on a set of countries which implemented reforms deemed to be successful in terms of the evolution of the key economic variables, that is, the rate of per capita gross domestic product, the gross investment to product ratio, and the product to capital incremental ratio (as an approximation to the marginal productivity of capital). Additionally, we trace the changes in the openness coefficient as an indicator of the scope of one of the reforms that attend successful structural changes.\nBased on the results obtained from the model and the international empirical evidence, it is recommended to deepen the overall policy of structural reforms –of which external openness is a part- in order to generate a sustained growth process.
Identifier
URI: https://repositorio.uchile.cl/handle/2250/128017
Quote Item
Estudios de Economía. Vol. 22, No. 2 Diciembre 1995 Págs. 277-326
Collections
  • Artículos de revistas
xmlui.footer.title
31 participating institutions
More than 73,000 publications
More than 110,000 topics
More than 75,000 authors
Published in the repository
  • How to publish
  • Definitions
  • Copyright
  • Frequent questions
Documents
  • Dating Guide
  • Thesis authorization
  • Document authorization
  • How to prepare a thesis (PDF)
Services
  • Digital library
  • Chilean academic journals portal
  • Latin American Repository Network
  • Latin American theses
  • Chilean theses
Dirección de Servicios de Información y Bibliotecas (SISIB)
Universidad de Chile

© 2020 DSpace
  • Access my account