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Author: search.filters.author.Jorge Ricardo Gonzales-CastilloLanguage: search.filters.language.English

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    Economic growth and the foreign sector: Peru 1821–2020
    (Oxford University Press, 2024-11-01)
    Thirlwall Model shows evidence in Latin American countries, as well as for the Peruvian economy, with an economic growth rate of balance of payments equilibrium, which is explained by causal variables that present a long-term cointegration relationship. These variables are exports with little added value, imports that reinforce technological dependence, external income, relative prices or the real exchange rate, the institutions, and the volatility of exports. Investment policies are prescribed in innovative, physical, financial, natural, and social human capital that tend to reduce the restriction of foreign exchange, technological dependence and the international market. Therefore, endogenous, dynamic, sustained, inclusive economic growth is generated, low in carbon as a means for sustainable human development, within the framework of a new growth and development strategy that involves balancing the participation of the market, state and civil society.
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    Human Development, Productivity, and Economic Growth
    (Taylor & Francis, 2025-01-01)
    We analyse the relationship between human development, productivity and economic growth. We found empirical evidence that supports the hypothesis that there is a direct causality relationship between human development and total factor productivity, a direct relationship of productivity growth on economic growth for the Peruvian economy in the period 1990-2019, and a cointegration relationship in the long-term. Our approach recommends human development and productivity policies in a free market economy, investments that expand innovation capabilities, productive and technological diversification for the development of the internal market, and the strengthening of social and institutional capital, creating an environment with a better quality of life to increase productivity and achieve sustainable and inclusive economic growth in a capitalist and democratic economy.
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