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Expansions and contractions in Brazil, Colombia and Mexico: a view through non-linear models

Luis Eduardo
Arango-Thomas
Luis Fernando
Melo-Velandia
Lunes, 1 Septiembre 2003

The study of the asymmetric behavior of macroeconomic variables over the business cycles phases has had a long tradition in economics. In this work we find evidence in favor of the hypothesis of having a STAR-type nonlinear asymmetric behavior of the econ