Colombian economic growth under Markov switching regimes with endogenous transition probabilities

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Borradores de Economía; No. 425

Date published

2006-12-10

Date

2006-12-10

Authors

Misas A., Martha
Ramírez-Giraldo, María Teresa

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Document language

spa
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Abstract

We modelled the Colombian long run per capita economic growth (1925-2005) using a Markov switching regime model with both fixed (FTP) and time-varying transition probabilities (TVTP) to explain regime changes in the economic growth. We found evidence of n

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JEL Codes

O40 - Economic Growth and Aggregate Productivity: General

Temática

Keywords

Keywords

Markov endogenous switching regime model , Time-varying transition probabilities , Economic growth , Colombia

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5443
 https://hdl.handle.net/20.500.12134/5443
 https://ideas.repec.org/p/bdr/borrec/425.html
 https://doi.org/10.32468/be.425

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