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- Title
Crecimiento económico y restricciones por balanza de pagos en Centroamérica (2009-2020).
- Authors
López Cerrato, Axsell Moisés
- Abstract
Although economic growth in Central America was 3.6% for the period 2014-2019 and its balance of payments current account deficit was 6.2% of Gross Domestic Product (GDP) between 2010-2014, the data shows that it is not growing sufficiently and there is little competitiveness due to socio-political conflicts and the effects of the COVID-19 pandemic. With this in mind, the research evidences the influence of export growth and other relevant external flows on long-term economic growth in Central American countries, as part of a Keynesian school of thought, through the cointegration method between the period 2009-2020. The study concludes that balance of payments restrictions is a relevant tool for analysing the long-term growth trajectories of these small open economies.
- Subjects
CENTRAL America; BALANCE of payments; GROSS domestic product; ECONOMIC expansion; FREE trade; COVID-19 pandemic
- Publication
Revista de Fomento Social, 2024, Vol 79, Issue 309, p341
- ISSN
0015-6043
- Publication type
Article
- DOI
10.32418/rfs.2024.309.5527