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El centro y la periferia, una aproximación empírica a la relación entre Lima y el resto del país


  • Giovanna Aguilar

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

  • Gonzalo Camargo


The main purpose of this paper is to evaluate empirically the economic relation between Lima and some departments of the country by estirnating the effect of shocks affecting Lima's growth over the rates of growth of the remaining departments. We do not pretend to describe the mechanisms of transmission but to identificate the negative and positive effects of shocks coming from Lima, considered 'Yhe center", over the rest of departments, considered "the periphery". It will be used the Autorregresive Vector Model in its Moving Average representation (VMA), in which the endogenous variables are Lima's rate of growth, the rate of growth and the rate of inflation of a periphery department. It is assumed that these variables are affected by shocks of demand and supply originated in the center and the periphery. In order to ortogonalize the estimated error variance-covariance matrix we will use the Blanchard and Quah decomposition, in which innovations or aggregate demand shocks have no effect over the product on the long run.

Suggested Citation

  • Giovanna Aguilar & Gonzalo Camargo, 2004. "El centro y la periferia, una aproximación empírica a la relación entre Lima y el resto del país," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, issue 53-54, pages 65-98.
  • Handle: RePEc:pcp:pucrev:y:2005:i:53-54:p:65-98

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    1. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    2. Granger, C. W. J. & Newbold, Paul, 1986. "Forecasting Economic Time Series," Elsevier Monographs, Elsevier, edition 2, number 9780122951831 edited by Shell, Karl.
    3. Adolfo Figueroa, 1991. "Transformación en la Agricultura de América Latina: Capitalismo y Campesinado," Capítulos de Libros PUCP / Chapters of PUCP books,in: La agricultura latinoamericana: crisis, transformaciones y perspectivas, edition 1 Fondo Editorial - Pontificia Universidad Católica del Perú.
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