Economic growth and real volatility: The case of Latin America and the Caribbean
Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility.
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2014-12
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Subjects: | MACROECONOMIA, CRECIMIENTO ECONOMICO, CONDICIONES ECONOMICAS, INDICADORES ECONOMICOS, MACROECONOMICS, ECONOMIC GROWTH, ECONOMIC CONDITIONS, ECONOMIC INDICATORS, |
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dig-cepal-11362-374682023-01-23T13:01:24Z Economic growth and real volatility: The case of Latin America and the Caribbean Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón República de Corea MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility. Abstract .-- I. Introduction .-- II. Economic growth and real volatility in the region (1990-2012): data and stylized facts .-- III. Testing the empirical relationship between real volatility and growth in the region (1990-2012) 2014-12-17T14:47:20Z 2014-12-17T14:47:20Z 2014-12 Texto Documento Completo https://hdl.handle.net/11362/37468 LC/L.3933 en Serie Macroeconomía del Desarrollo 161 .pdf 37 páginas. application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |
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MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS |
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MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón Economic growth and real volatility: The case of Latin America and the Caribbean |
description |
Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility. |
author2 |
República de Corea |
author_facet |
República de Corea Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón |
format |
Texto |
topic_facet |
MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS |
author |
Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón |
author_sort |
Cárcamo-Díaz, Rodrigo |
title |
Economic growth and real volatility: The case of Latin America and the Caribbean |
title_short |
Economic growth and real volatility: The case of Latin America and the Caribbean |
title_full |
Economic growth and real volatility: The case of Latin America and the Caribbean |
title_fullStr |
Economic growth and real volatility: The case of Latin America and the Caribbean |
title_full_unstemmed |
Economic growth and real volatility: The case of Latin America and the Caribbean |
title_sort |
economic growth and real volatility: the case of latin america and the caribbean |
publisher |
ECLAC |
publishDate |
2014-12 |
url |
https://hdl.handle.net/11362/37468 |
work_keys_str_mv |
AT carcamodiazrodrigo economicgrowthandrealvolatilitythecaseoflatinamericaandthecaribbean AT pinedasalazarramon economicgrowthandrealvolatilitythecaseoflatinamericaandthecaribbean |
_version_ |
1756042109811425280 |