Cointegration of export and economic growth growth in Peru, period 2011-2020

Authors

Rengifo Calvanapón, Ghandy Allizon

Sanchez Vallejo, Diego Alejandro

Wong Aitken, Higinio Guillermo

Llaque Fernandez, Grant Illich

Abstract

The present research aims to determine the cointegration between exports and economic growth in Peru, period 2011-2020, non-experimental design research of explanatory scope, retrospective cross-sectional quantitative approach, the technique used was data analysis method and as a matrix instrument documentary analysis the population is composed of data obtained from the Central Reserve Bank of Peru in real terms between the years 2011-2020, reaching the following conclusion that there is cointegration of exports and economic growth of Peru, period 2011-2020, i.e. there is a long-term relationship between real exports and real gross domestic product, explained in: PBIR = 1.612794*EXPR + 454.46*@TREND + 59472.54 i.e., for every million exports, the product increases by 1.612794 million and for every year it increases by 454.46 million soles, plus an independent term of 59,472 million