Efectos de la política económica en el crecimiento económico de los países latinoamericanos

Abstract

Abstract: From a theoretical perspective, the direct influence of economic policies on the economic growth of a country is established, but several empirical studies show that this influence is not always fulfilled, especially in Latin American countries, where economic policies throughout the history represent a limitation to growth. Hence arises the present research that aims to determine the effects of economic policy on the economy of Latin American countries, for this a quantitative methodology is used through a multiple regression of panel data from 10 countries during the 1970s. 2020; Two models were estimated, where the dependent variable is the Gross Domestic Product as a proxy for economic growth, while the independent variables of monetary policy are reserves and the monetary mass, for the second fiscal policy model includes public debt, public spending , final expenditure and investment. The results show a significant and inverse relationship between the analysis variables, public spending and GDP, while a positive relationship with the monetary mass and reserves.