Economic growth and its components in south America: Performance in the period 1950-2019

Abstract

The objective of this research was to describe the performance of economic growth and its components in the South American region during the period 1950-2019. The research was descriptive in nature under a quantitative approach, with data from secondary sources covering the period in question. The behavior of the main variables associated with growth, such as Gross Domestic Product and the productive inputs capital and labor adjusted for human capital, were described for the period under study. The results obtained show that economic growth has been relatively modest since the early 1970s. However, in recent years, several countries in the region have made considerable progress in terms of growth of Gross Domestic Product per capita.

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Author Biographies

Angelo Diomar Villalobos Valencia

Economist. Coordinator at the Information and Statistics Unit, Maracaibo Chamber of Commerce, Venezuela. E-mail: angdiomar@gmail.com ORCID: https://orcid.org/0000-0002-9391-2388

Leobaldo Enrique Molero Oliva

Master in Economics Mention Macroeconomics and Economic Policy. Associate Professor, School of Economics, Universidad del Zulia, Maracaibo, Venezuela. E-mail: leobaldo_molero@fces.luz.edu.ve ORCID: https://orcid.org/0000-0002-4024-7441

Alberto Gregorio Castellano Montiel

Ph.D. in Economics from Universidad del Zulia (Venezuela). Professor at Universidad de Sucre, Sincelejo, Colombia. Member of the Oikos Research Group and Coordinator of the research hotbed analysis of the Colombian economy. Member of the Academy of Economic Sciences of the State of Zulia (member of its board of directors 2017-2019 and 2019-2021). E-mail: alberto.castellano@unisucre.edu.co ORCID: https://orcid.org/0000-0003-0824-3202

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Published
2023-08-17
How to Cite
Villalobos Valencia, A. D., Molero Oliva, L. E., & Castellano Montiel, A. G. (2023). Economic growth and its components in south America: Performance in the period 1950-2019. Revista De Ciencias Sociales, 29(3), 26-40. https://doi.org/10.31876/rcs.v29i3.40693
Section
Artículo en Inglés