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Ciclos económicos y bonanzas exportadoras: teoría y evidencia en cuatro países productores de café

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  • Mauricio Cárdenas S.

Abstract

Este trabajo proporciona evidencia según la cual gran parte de las variaciones en los ciclos económicos de Colombia, Costa Rica, Costa de Marfil y Kenia, pueden ser explicadas por las fluctuaciones en el precio real mundial del café. Así mismo se muestra la existencia típica de movimientos procíclicos en el consumo, la inversión, y el gasto del gobierno. Como consecuencia, la frecuencia del ciclo ha sido bastante similar para estos países, a pesar de las diferencias en su estructura económica. Sin embargo, la amplitud del ciclo ha sido menor para Colombia debido al manejo contracíclico que se le ha dado a las cuentas fiscales y al endeudamiento externo del sector público. El consumo también ha tenido un comportamiento mucho más estable en este último país

Suggested Citation

  • Mauricio Cárdenas S., 1992. "Ciclos económicos y bonanzas exportadoras: teoría y evidencia en cuatro países productores de café," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 11(21), pages 101-134, June.
    • Handle: RePEc:bdr:ensayo:v:11:y:1992:i:21:p:101-134
    DOI: 10.32468/Espe.2103
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    Cited by:

    1. Cardenas, Mauricio & Escobar, Andres, 1998. "Saving determinants in Colombia: 1925-1994," Journal of Development Economics, Elsevier, vol. 57(1), pages 5-44, October.

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