Identificación de ciclos económicos en Bolivia: 1970-2008
[Identification of business cycles in Bolivia: 1970-2008]
AbstractStudy and characterization of business cycles are an important issue in the analysis of empirical regularities in a developing economy. Following standard literature of business cycles, we establish episodes of business cycles in Bolivia. We apply economic and statistical filters to economic series to get the business cycle. Once we get the economic cycle, we apply statistical analysis, volatility and correlations, to characterize the business cycle of fundamental variables for the economy. Important results show pro cyclical movements between macroeconomic variables and GDP. Co-movements of consumption and investment indicate the presence of adaptive and rational expectations. Finally, we present an approximation of natural level of GPD that indicates that the economy should reach a 5% of economic growth in the medium and long run.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35884.
Date of creation: Aug 2009
Date of revision:
Business cycles; volatility; co- movement;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ravn, Morten O. & Uhlig, Harald, 2001.
"On Adjusting the HP-Filter for the Frequency of Observations,"
CEPR Discussion Papers, C.E.P.R. Discussion Papers
2858, C.E.P.R. Discussion Papers.
- Uhlig, H.F.H.V.S. & Ravn, M., 1997. "On Adjusting the H-P Filter for the Frequency of Observations," Discussion Paper, Tilburg University, Center for Economic Research 1997-50, Tilburg University, Center for Economic Research.
- Morten O. Ravn & Harald Uhlig, 2001. "On Adjusting the HP-Filter for the Frequency of Observations," CESifo Working Paper Series 479, CESifo Group Munich.
- Albert Marcet & Morte O. Ravn, .
"The HP-Filter in Cross-Country Comparisons,"
Studies on the Spanish Economy, FEDEA
- Albert Marcet & Morten O. Ravn, 2003. "The HP-Filter in Cross-Country Comparisons," Working Papers 32, Barcelona Graduate School of Economics.
- Marcet, Albert & Ravn, Morten O., 2004. "The HP-Filter in Cross-Country Comparisons," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4244, C.E.P.R. Discussion Papers.
- Albert Marcet & Morten O. Ravn, 2001. "The HP-filter in cross-country comparisons," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 588, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2003.
- Jorge Enrique Restrepo & Claudio Soto, 2004. "Regularidades Empíricas de la Economía Chilena," Working Papers Central Bank of Chile, Central Bank of Chile 301, Central Bank of Chile.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.