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Producto potencial y ciclos económicos en México, 1980.1-2006.4

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Author Info
Eduardo Loría (Universidad Nacional Autónoma de México)
Manuel G. Ramos (Universidad Nacional Autónoma de México)
Leobardo de Jesús (Universidad Autónoma del Estado de México)
Abstract

Through the use of Structural Times Series Models we estimated: potential output, the output gap and the business cycles for the Mexican GDP (1980.1-2006.4). We found that: a) the potential output has varied sharply for two different time periods: 2.1% (1980.4-1994.4) and 3.7% (1995.4-2006.4); b) great component of seasonality: Q1 and Q3 are of slow growth (below average) and Q2, Q4 above average; c) we detected that the peaks and troughs have been progressively less pronounced since the year 2000.

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File URL: http://revistas.colmex.mx/revistas/12/art_12_1178_8988.pdf
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Publisher Info
Article provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.

Volume (Year): 23 (2008)
Issue (Month): 1 ()
Pages: 25-47
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Handle: RePEc:emx:esteco:v:23:y:2008:i:1:p:25-47

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Web page: http://www.colmex.mx/centros/cee/
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Related research
Keywords: Potential output; output gap; business cycles; structural time series models; Kalman filter.;

Find related papers by JEL classification:
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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This page was last updated on 2009-12-30.


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