Borradores de Economia
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
Clark Granger-Castaño, Dairo Ayiber Estrada, Valeria Salas, Jhuliana Sofía Segura-Durán
Juan Camilo Medellín-Martínez, Juan Camilo Medellín-Martínez
Jaime Alfredo Bonet-Moron, Jorge Guerra-España, Jhorland Ayala-García
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