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Fluctuaciones económicas y shocks externos, Perú 1950-1996

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  • Oscar Dancourt

    () (Pontificia Universidad Católica del Perú - Departamento de economía)

  • Waldo Mendoza

    () (Pontificia Universidad Católica del Perú - Departamento de economía)

  • Leopoldo Vilcapoma

Abstract

The 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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Oscar Dancourt & Waldo Mendoza & Leopoldo Vilcapoma, 1997. "Fluctuaciones económicas y shocks externos, Perú 1950-1996," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, issue 39-40, pages 63-102.
  • Handle: RePEc:pcp:pucrev:y:1997:i:39-40:p:63-102
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    File URL: http://revistas.pucp.edu.pe/index.php/economia/article/view/712/687
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    Cited by:

    1. Dancourt, Oscar, 1999. "Neoliberal reforms and macroeconomic policy in Peru," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    2. Dancourt, Óscar & Jiménez Sotelo, Renzo, 2010. "Perú: Lecciones de la recesión de 2008-2009
      [Peru: Lessons from the recession of 2008-2009]
      ," MPRA Paper 74889, University Library of Munich, Germany.
    3. Ángel Guillén & Gabriel Rodríguez, 2014. "Trend-cycle decomposition for Peruvian GDP: application of an alternative method," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 23(1), pages 1-44, December.

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