Relationship between exports, public spending and economic growth in Peru in the period 1970-2019

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Published: ene. 7, 2023
DOI: https://doi.org/10.54753/rve.v11i1.1604
Keywords:
Crecimiento económico, Exportaciones, Gasto Público, Perú, Datos de series de tiempo

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Jessica Guamán
Departamento de Economía, Universidad Oberta de Cataluña-UOC, Cataluña, España
Michelle López
Departamento de Economía, Universidad Oberta de Cataluña-UOC, Cataluña, España

Abstract

The objective of this research is to analyze the short- and long-term equilibrium relationship between exports and public spending with economic growth in Peru. Using time series data for the period 1970-2019; and based on the hypothesis of economic growth led by exports and the theory of economic growth with public spending of Barro (1990). Applying models and econometric techniques, the results confirmed a balance in the short and long term; and unidirectional causality that goes from economic growth to public spending, from public spending to exports, and from exports to economic growth. Finally, to achieve stable economic growth in Peru, efficient resource management is necessary, increasing public spending in all sectors, reducing dependence on the primary sector, boosting national production, and increasing exports.

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How to Cite
Guamán, J. ., & López, M. (2023). Relationship between exports, public spending and economic growth in Peru in the period 1970-2019. Revista Económica, 11(1), 51–63. https://doi.org/10.54753/rve.v11i1.1604
Issue
Vol. 11 No. 1 (2023): RVE vol 11 (January - Jun 2023)
Section
RESEARCH ARTICLES
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