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Submitted January 23, 2020
Published 2020-01-23

Artículos

Vol. 7 No. 1 (2020): Revista Colón Ciencias, Tecnología y Negocios

Proposal of an ordinary least squares model to establish the variables for estimating the gross domestic product of Panama


DOI https://doi.org/10.48204/j.colonciencias.v7n1a2

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References
DOI: 10.48204/j.colonciencias.v7n1a2

Published: 2020-01-23

How to Cite

Fruto de Santana, O. (2020). Proposal of an ordinary least squares model to establish the variables for estimating the gross domestic product of Panama. Revista Colón Ciencias, Tecnología Y Negocios, 7(1), 12–23. https://doi.org/10.48204/j.colonciencias.v7n1a2

Abstract

The basic problem of economic growth theory is to describe the behavior of an expanding economy over time. Researchers have exposed the importance of imports and exports for the growth and economic development of countries. We try to analyze if Panama, instead of allocating so many resources to import restrictions, should better encourage, for example, exports and productive factors that increase the country's productivity. This research proposes to analyze and empirically verify the relationship between exports and other macro-economic variables in the economic growth of Panama and experiment with econometric tools easily accessible in training at the bachelor's level

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