Consideraciones sobre la relación entre la inversión privada y los factores socio-políticos y judiciales en Venezuela y América Latina

Abstract

This paper studies how the socialpolitical and judicial factors have affected private investment in Venezuela and Latin America for the period 1995-2003 by means of panel data analysis. In the case of Venezuela, there is evidence that the fall in the investment rate in Venezuela has been caused by these factors. In this way, it is necessary that not only the Venezuelan government but also the other Latin American governments begin working on the creation and strengthening of institutions so that risks are reduced and stability is enhanced. In this way, it is possible to endorse a sustained economic growth and better standards of living for Latin American citizens