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- W289777426 abstract "Abstract Investment is a key to analyze an economy’s growth, as its increase the economy productivecapacity, either expanding the capital stock as incorporating new technology that makes theproduction process more efficient. In Uruguay, investment has substantially increased in recent years,both overall and sectoral. This would have occurred as a result of strong growth in the period, as wellas government policies on investment promotion. Growth and investment evolution, together withemployment, has undergone a long history in economic theory. In that sense, there are empiricalstudies that support the theory that investment precedes growth, while there are others that provideevidence to the hypothesis that growth determines investment. Through a model with vector errorcorrection (VECM) we found a long-term relationship between GDP without primary activity,investment and urban workers of Uruguay. In this model we observe a positive relationship betweenGDP and the other two variables, where GDP precedes both urban workers and investment." @default.
- W289777426 created "2016-06-24" @default.
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- W289777426 date "2014-06-01" @default.
- W289777426 modified "2023-09-27" @default.
- W289777426 title "Investment, growth and employment: VECM for Uruguay" @default.
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