New economic policy for the development of Central America
DOI:
https://doi.org/10.69789/ccs.v9i2.707Keywords:
Macroeconomics, Economic development, Input-output Product Matrix, National Accounts, Balance of Payments, El SalvadorAbstract
The author explains that Central America's economic growth strategy is based on foreign trade, the results of which are residual given that three obstacles limit its performance, namely: the residual or zero contribution of the export sector to economic growth of the region, the disarticulation of economies and the limited participation of the State in development. For empirical verification we use each country’s National Accounting System as well as each country’s input-output matrix. The research results show that sustainable economic growth is possible with a new economic policy "from within" towards economic development with the execution of state-oriented economic planning, through branch dynamics and sectors of the economies of Central American countries.
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