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Los Ciclos de Crecimiento en Colombia

Author

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  • Andrés Salamanca Lugo

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique)

Abstract

Some colombian growth cycle stylized facts are analyzed in this paper. An autoregressive Markov-Switching model is fitted to quarterly real GDP growth (1977Q1-2009Q4). Possible asymmetries in the cycle phases (deepness, steepness and sharpness), U or V shape of cycle, persistence and duration of cycle phases and the response of output to cyclical and idiosyncratic shocks are studied in this document.

Suggested Citation

  • Andrés Salamanca Lugo, 2013. "Los Ciclos de Crecimiento en Colombia," Post-Print hal-01560876, HAL.
    • Handle: RePEc:hal:journl:hal-01560876
    Note: View the original document on HAL open archive server: https://hal.science/hal-01560876
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    References listed on IDEAS

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    1. Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, June.
    2. Filardo, Andrew J, 1994. "Business-Cycle Phases and Their Transitional Dynamics," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(3), pages 299-308, July.
    3. Arango, Luis E. & Melo, Luis F., 2006. "Expansions and contractions in Brazil, Colombia and Mexico: A view through nonlinear models," Journal of Development Economics, Elsevier, vol. 80(2), pages 501-517, August.
    4. Clements, Michael P & Krolzig, Hans-Martin, 2003. "Business Cycle Asymmetries: Characterization and Testing Based on Markov-Switching Autoregressions," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(1), pages 196-211, January.
    5. Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1, June.
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