Title
Peru-China international trade and its effect on inclusive economic growth in Peru 2000-2019
Date Issued
27 August 2022
Access level
open access
Resource Type
journal article
Publisher(s)
Growing Science
Abstract
From 2000 to 2019, trade between the People's Republic of China and the Republic of Peru grew at an average annual rate of 22%, however, income and wealth inequality in Peru remained the same. The aim of this study is to understand the effect of trade between Peru and China on the inclusive economic growth of Peru from 2000 to 2019. The method used was the correlation of variables, and a linear regression between Peru and China trade and several indicators of inclusive economic growth in the Peruvian economy was performed using the Ordinary Least Squares model. The results suggest that there is sufficient statistical evidence to support that inclusive economic growth may depend on increased trade between Peru and China; the study show that if trade growth between Peru and China fluctuates by $1 million per year, labor income will increase by $10.3 per capita in the Economically Active Population (EAP). Moreover, for every 1% increase in trade between Peru and China, GDP per capita increases by 0.1057% and labor productivity increases by 0.0681740%. The variables poverty, vulnerable employment, GINI index and life expectancy at birth were not significant factors.
Start page
379
End page
390
Volume
11
Issue
4
Language
English
OCDE Knowledge area
Economía Negocios, Administración
Scopus EID
2-s2.0-85137820961
Source
Decision Science Letters
ISSN of the container
1929-5804 1929-5812
Sources of information: Directorio de Producción Científica Universidad ESAN