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Details for article 4 of 15 found articles
| Title: |
Depressions in the Colombian economic growth during the twentieth century: a Markov switching regime model |
| Author: |
Misas, Martha Ramirez, Maria Teresa |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 14 (2007) nr. 11 pages 803-808 |
| Year: |
2007-09 |
| Contents: |
In this article, we modelled the Colombian long run economic growth (1925-2003) using a two-regime first order Markov switching model. We found evidence of nonlinearity in the annual rate of economic growth. The results show that changes between regimes are sudden and sporadic. The Colombian economy remains in the sustainable growth regime most of the time. The turning points from the Markov switching model capture very well the behaviour of real output through time. In fact, they identify the four main depressions of the century. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 4 of 15 found articles
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