Número:
425
Publicado:
Clasificación JEL:
O40, C22, E32, N16
Palabras clave:
Markov endogenous switching regime model, Time-varying transition probabilities, Economic growth, Colombia.
Lo más reciente
Lukas Delgado-Prieto, Andrea Sofía Otero-Cortés, Andrés Calderón
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
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