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Fluctuaciones sectoriales y su impacto en el crecimiento económico
[Sectorial fluctuations and economic growth impact]

Author

Listed:
  • Valdivia, Daney

Abstract

This paper analyses the dynamics and significance of supply sectors in planning the economic policy, in particular the impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it uses the following tools: co-movements and multi sectorial DSGE model for the Bolivian economy. The results support the hypothesis that the manufacturing sector boosts economic growth more than the others. This sector shows high persistence during expansion business cycle phases than service. The last effect is also applicable to agricultural sector, explained by its small technification that supports its low contribution to economic growth previous to 2001 – 2011.

Suggested Citation

  • Valdivia, Daney, 2012. "Fluctuaciones sectoriales y su impacto en el crecimiento económico [Sectorial fluctuations and economic growth impact]," MPRA Paper 41726, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:41726
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    File URL: https://mpra.ub.uni-muenchen.de/41726/1/MPRA_paper_41726.pdf
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    References listed on IDEAS

    as
    1. Jonas D. M. Fisher, 2006. "The Dynamic Effects of Neutral and Investment-Specific Technology Shocks," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 413-451, June.
    2. Jordi Gali, 1999. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?," American Economic Review, American Economic Association, vol. 89(1), pages 249-271, March.
    3. Frank Smets & Rafael Wouters, 2007. "Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach," American Economic Review, American Economic Association, vol. 97(3), pages 586-606, June.
    4. Francis, Neville & Ramey, Valerie A., 2005. "Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited," Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1379-1399, November.
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    Cited by:

    1. Valdivia, Daney, 2014. "Posición fiscal, monetaria y control de la brecha inflacionaria y del producto: Evidencia empírica para Bolivia [Fiscal - monetary stance and inflation - output gap control: evidence for Bolivia]," MPRA Paper 60713, University Library of Munich, Germany.

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    More about this item

    Keywords

    business cycles; growth; multi sectorial DSGE model;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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