Economic growth and real volatility: The case of Latin America and the Caribbean

Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin Ameri...

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Autores principales:	Cárcamo-Díaz, Rodrigo, Pineda Salazar, Ramón
Otros Autores:	República de Corea
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2014
Materias:	MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS
Acceso en línea:	http://hdl.handle.net/11362/37468
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spelling	oai-11362-374682020-11-17T01:15:48Z Economic growth and real volatility: The case of Latin America and the Caribbean Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón República de Corea MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility. Abstract .-- I. Introduction .-- II. Economic growth and real volatility in the region (1990-2012): data and stylized facts .-- III. Testing the empirical relationship between real volatility and growth in the region (1990-2012) 2014-12-17T14:47:20Z 2014-12-17T14:47:20Z 2014-12 Texto Documento Completo http://hdl.handle.net/11362/37468 LC/L.3933 en Serie Macroeconomía del Desarrollo 161 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC
institution	Cepal
collection	Cepal
language	English
topic	MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS
spellingShingle	MACROECONOMIA CRECIMIENTO ECONOMICO CONDICIONES ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC GROWTH ECONOMIC CONDITIONS ECONOMIC INDICATORS Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón Economic growth and real volatility: The case of Latin America and the Caribbean
description	Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility.
author2	República de Corea
author_facet	República de Corea Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón
format	Texto
author	Cárcamo-Díaz, Rodrigo Pineda Salazar, Ramón
author_sort	Cárcamo-Díaz, Rodrigo
title	Economic growth and real volatility: The case of Latin America and the Caribbean
title_short	Economic growth and real volatility: The case of Latin America and the Caribbean
title_full	Economic growth and real volatility: The case of Latin America and the Caribbean
title_fullStr	Economic growth and real volatility: The case of Latin America and the Caribbean
title_full_unstemmed	Economic growth and real volatility: The case of Latin America and the Caribbean
title_sort	economic growth and real volatility: the case of latin america and the caribbean
publisher	ECLAC
publishDate	2014
url	http://hdl.handle.net/11362/37468
work_keys_str_mv	AT carcamodiazrodrigo economicgrowthandrealvolatilitythecaseoflatinamericaandthecaribbean AT pinedasalazarramon economicgrowthandrealvolatilitythecaseoflatinamericaandthecaribbean
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Economic growth and real volatility: The case of Latin America and the Caribbean

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