REEXAMINING THE LINK BETWEEN INSTABILITY AND GROWTH IN LATIN AMERICA: A DYNAMIC PANEL DATA ESTIMATION USING K-MEDIAN CLUSTERS

REEXAMINING THE LINK BETWEEN INSTABILITY AND GROWTH IN LATIN AMERICA: A DYNAMIC PANEL DATA ESTIMATION USING K-MEDIAN CLUSTERS

We estimate a dynamic panel data model to assess the relationship between different levels of instability-proxied by growth volatility and inflation- and growth in Latin America from 1960 to 2011. Outlying observations could be mistakenly treated as thresholds or regime switch. Hence we use k-median...

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Autores principales: Bermúdez,Cecilia, Dabús,Carlos D, González,Germán H
Lenguaje:English
Publicado: Pontificia Universidad Católica de Chile. Instituto de Economía. 2015
Materias:
instability
growth
Latin America
clustering
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000100001
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