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¿La inestabilidad frena el crecimiento económico?

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Author Info
Carlos Esteban Posada ()
Camilo Morales J. ()
Andrés Felipe García ()

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Abstract

Este artículo presenta una revisión de trabajos recientes sobre el impacto de la inestabilidad macroeconómica en la tasa de crecimiento del producto y resume nuestros ejercicios econométricos que buscan capturar dicho impacto, teniendo en cuenta la posibilidad de que éste sea diferente en países de alto y bajo ingreso per cápita. La conclusión principal es que no se puede encontrar una relación confiable entre estas dos variables.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 442.

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Handle: RePEc:bdr:borrec:442

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Related research
Keywords: inestabilidad; crecimiento económico; inversión; análisis de datos en panel Classification JEL: E32; N10; O11; O41;

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  1. Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September. [Downloadable!] (restricted)
  2. Mauricio A. Hernández & Munir A. Jalil & Carlos Esteban Posada, . "El Costo de los Ciclos Económicos en Colombia: Una Nueva Estimación," Borradores de Economia 353, Banco de la Republica de Colombia. [Downloadable!]
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  3. Aizenman, Joshua & Marion, Nancy, 1999. "Volatility and Investment: Interpreting Evidence from Developing Countries," Economica, London School of Economics and Political Science, vol. 66(262), pages 157-79, May. [Downloadable!] (restricted)
  4. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  5. Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Grier, Kevin B. & Tullock, Gordon, 1989. "An empirical analysis of cross-national economic growth, 1951-1980," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 259-276, September. [Downloadable!] (restricted)
  7. Ramey, Garey & Ramey, Valerie A, 1995. "Cross-Country Evidence on the Link between Volatility and Growth," American Economic Review, American Economic Association, vol. 85(5), pages 1138-51, December. [Downloadable!] (restricted)
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  8. Partha Chatterjee & Malik Shukayev, 2006. "Are Average Growth Rate and Volatility Related?," Working Papers 06-24, Bank of Canada. [Downloadable!]
  9. Gadi Barlevy, 2004. "The Cost of Business Cycles Under Endogenous Growth," American Economic Review, American Economic Association, vol. 94(4), pages 964-990, September. [Downloadable!]
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This page was last updated on 2009-11-20.


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