Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis

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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Detalles Bibliográficos
Autor principal:	Miguel D. Ramirez
Formato:	Artículo científico
Publicado:	Universidad Nacional Autónoma de México 2005
Materias:	Economía y Finanzas Error correction model (ECM) akaike information criterion (AIC) and Schwartz bayesian criterion (SBC)
Acceso en línea:	http://www.redalyc.org/articulo.oa?id=11820092003 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=11820092003oai
Aporte de:	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales

id	I16-R122-11820092003oai
record_format	dspace
institution	Consejo Latinoamericano de Ciencias Sociales
institution_str	I-16
repository_str	R-122
collection	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic	Economía y Finanzas Error correction model (ECM) akaike information criterion (AIC) and Schwartz bayesian criterion (SBC)
spellingShingle	Economía y Finanzas Error correction model (ECM) akaike information criterion (AIC) and Schwartz bayesian criterion (SBC) Miguel D. Ramirez Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
topic_facet	Economía y Finanzas Error correction model (ECM) akaike information criterion (AIC) and Schwartz bayesian criterion (SBC)
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.
format	Artículo científico Artículo científico
author	Miguel D. Ramirez
author_facet	Miguel D. Ramirez
author_sort	Miguel D. Ramirez
title	Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
title_short	Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
title_full	Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
title_fullStr	Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
title_full_unstemmed	Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis
title_sort	foreign capital and labor productivity growth in chile: an empirical anaysis
publisher	Universidad Nacional Autónoma de México
publishDate	2005
url	http://www.redalyc.org/articulo.oa?id=11820092003 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=11820092003oai
work_keys_str_mv	AT migueldramirez foreigncapitalandlaborproductivitygrowthinchileanempiricalanaysis
bdutipo_str	Repositorios
_version_	1764820418260107265

Foreign Capital and Labor Productivity Growth in Chile: An Empirical Anaysis

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