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Ciclos de la producción industrial en Colombia: extracción del ciclo del sector y de sus ramas de actividad


  • Constanza Martínez


  • Diana Mesa Téllez



En este documento empleamos el filtro de Butterworth para analizar laproducción industrial total y por ramas de actividad mediante la extracciónde señales en las frecuencias bajas y altas. En las frecuencias bajas latendencia de la producción al interior del sector exhibe una dinámica quedifiere fuertemente entre actividades. En las frecuencias altas, la mayoría delas ramas industriales presentan una mayor sensibilidad al ciclo común delsector que a los ciclos particulares o idiosincráticos, evidenciando unasincronización en la respuesta de la producción frente a choques exógenos.**In this paper we use the Butterworth filter in order to extract the signals ofthe total manufacturing production and its sub-sectors, in its low and highfrequencies. In the low frequencies, the trend of production presents strongdifferences among industrial activities. In the high frequencies, most of thesub-sectors exhibit a stronger sensibility to the common cycle than toparticular cycles, which evidence a synchronized response of production toexogenous shocks.

Suggested Citation

  • Constanza Martínez & Diana Mesa Téllez, 2009. "Ciclos de la producción industrial en Colombia: extracción del ciclo del sector y de sus ramas de actividad," DOCUMENTOS DE TRABAJO 006121, UNIVERSIDAD DEL ROSARIO.
  • Handle: RePEc:col:000092:006121

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    More about this item


    Componentes no observados; filtro de Butterworth; ciclo sectorial.;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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