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

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 b...

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Bibliographic Details
Published inRevista de ciencias sociales (Maracaibo, Venezuela) Vol. 29; no. 3; pp. 26 - 40
Main Authors Valencia, Angelo Diomar Villalobos, Oliva, Leobaldo Enrique Molero, Montiel, Alberto Gregorio Castellano
Format Journal Article
LanguageEnglish
Spanish
Published Maracaibo Universidad del Zulia, Facultad de Ciencias Juridicas 2023
Universidad del Zulia
Subjects
análisis comparativo
comparative analysis
crecimiento económico
Economic conditions
Economic growth
GDP
Gross Domestic Product
Gross Domestic Product per capita
Human capital
Producción
Production
Producto Interno Bruto per cápita
Producto Interno Bruto real
Real Gross Domestic Product
Regions
Variables
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Summary: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.
ISSN:1315-9518
2477-9431
DOI:10.31876/rcs.v29i3.40693