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DEUDA EXTERNA PÚBLICA E INVERSIÓN EN COLOMBIA 1994-2007: Evidencia de un Modelo No-Lineal TAR

Author

Listed:
  • Andrés Salamanca
  • Viviana Monroy

Abstract

Este documento analiza la relación existente entre la deuda externa pública y la inversiónprivada para Colombia entre 1994 y 2007, a partir del modelo de series de tiempo no linealesTAR. La estimación del modelo se realizó a través de los métodos MCMC y el enfoquebayesiano. Los resultados muestran evidencia de una relación no lineal entre las variables deestudio, explicada por el modelo TAR. Además, el análisis indica la existencia de una relacióninversa entre el crecimiento de la inversión privada y el crecimiento de la deuda públicaexterna.

Suggested Citation

  • Andrés Salamanca & Viviana Monroy, 2008. "DEUDA EXTERNA PÚBLICA E INVERSIÓN EN COLOMBIA 1994-2007: Evidencia de un Modelo No-Lineal TAR," Borradores de Economia 5213, Banco de la Republica.
    • Handle: RePEc:col:000094:005213
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    Cited by:

    1. Isaac Sánchez-Juárez & Rosa García-Almada, 2016. "Public Debt, Public Investment and Economic Growth in Mexico," IJFS, MDPI, vol. 4(2), pages 1-14, March.
    2. Jos Mauricio Gil Le n & John William Rosso Murillo & Edgar Alonso Ramirez Hern ndez, 2019. "Public Debt and Stability in Economic Growth: Evidence for Latin America," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 137-147.

    More about this item

    Keywords

    Hipótesis de sobreendeudamiento; deuda externa pública; inversión; TAR; Enfoque bayesiano; MCMC.;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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