Construction sector and Nicaraguan per capita income: an econometric explanation

Abstract

The endogenous growth theory explains the relationship
of the variables per capita income (GDP per capita),
in relation to the private building construction sector,
incorporating this approach to the Nicaraguan analysis,
through the INSS insured, area effectively constructed
and imports per unit of capital for construction. During
the period 2006-2019, Nicaraguan GDP per capita
showed an increasing trend, as did INSS insured persons
in the sector, with a slight downward inflection in 2009,
while the areas actually constructed of private buildings
showed fluctuations with a substantial drop in 2009, 2010
and 2018. On the other hand, imports per unit of capital for
construction reflect a contraction in 2009, subsequently
reflecting an increasing trend, except for 2018. The
econometric estimation identifies the study typology with
a quantitative approach, of explanatory scope, evidencing
the postulates of the reference theories, being relevant
the result of the variable area effectively built, which has a
negative effect on the dependent variable.