Número:
340
Publicado:
Clasificación JEL:
O40, C22, E32, N16
Palabras clave:
Markov switching regime model, Economic growth, Fluctuations, Colombia.
Lo más reciente
Margarita María Gáfaro-González
Julián Andrés Parra-Polanía, Juan D. Ladino Riveros
Camilo Bohorquez-Penuela, Margarita María Gáfaro-González, Karelys Guzmán-Finol, Alex Pérez
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