Resumen

PEREZ ARTICA, Rodrigo; DELBIANCO, Fernando  y  BRUFMAN, Leandro. Saving and investment in Latin America. A firm-level exploration. Cuad. Econ. [online]. 2017, vol.36, n.71, pp.571-600. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v36n71.54259.

The literature shows a relatively weak performance of private investment in Latin America over the last decade. As a corollary, foreign assets formation remained at high levels throughout the same years. In this work, we begin an inquiry into the causes by undertaking a firm-level examination of the investment and, in particular, the net financial position of the private non-financial sector in the region. We document and explain the causes of a surplus financial position that is typical of periods of economic crisis, and which has mostly risen over recent years.

JEL: E21, E22, G3, G11.

Palabras clave : Non-financial corporations; capital formation; saving; liquidity..

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