Depressions in the colombian economic growth during the XX century: a Markov switching regime model

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Borradores de Economía; No. 340
Date published
2005-06-18
Date of last update
2005-06-18
Author
Misas A., Martha
Ramírez-Giraldo, María Teresa
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
In this paper, we modeled the Colombian long run economic growth (1925-2003) using a two- regime first order Markov switching model. We found evidence of non-linearity in the annual rate of economic growth. The results show that changes between regimes ar
JEL Codes
E32 - Business Fluctuations; CyclesO40 - Economic Growth and Aggregate Productivity: GeneralC22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processesN16 - Macroeconomics and Monetary Economics; Growth and Fluctuations: Latin America; Caribbean
Keywords
Markov switching regime model ; Economic growth ; Fluctuations ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5358
https://hdl.handle.net/20.500.12134/5358
https://doi.org/10.32468/be.340
https://ideas.repec.org/p/bdr/borrec/340.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit