Fluctuaciones económicas y shocks externos, Perú 1950-1996
AbstractThe main goal of this paper is to describe the characteristics of business cycle in Peru during 1950-1996, and to show the importance of external shocks for these economic fluctuations. The pattern of economic fluctuations in Peru, in particular the pattern of recessions, seems to be independent of the growth strategy followed (ISI or export of raw materials). The periods of recession are periods of accelerating inflation and of balance of payments crises. Five out of six of the identified recessions are associated with adverse external shocks.
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Bibliographic InfoArticle provided by Departamento de Economía - Pontificia Universidad Católica del Perú in its journal Revista Economía.
Volume (Year): (1997)
Issue (Month): 39-40 ()
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Web page: http://www.pucp.edu.pe/departamento/economia/
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Other versions of this item:
- Oscar Dancourt & Waldo Mendoza & Leopoldo Vilcapoma , 1997. "Fluctuaciones económicas y shocks externos, Perú 1950-1996 ," Documentos de Trabajo 1997-135, Departamento de Economía - Pontificia Universidad Católica del Perú.
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