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¿Cuál es el crecimiento de largo plazo de la economía chilena?: Una respuesta formal para una antigua pregunta
| Content Provider | Semantic Scholar |
|---|---|
| Author | Aguirre, Byron Idrovo |
| Copyright Year | 2008 |
| Abstract | The objective of this study is to estimate the Chilean economy’s growth rate in a context of full employment of the productive resources. As reference, some experts estimate at that the long term growth of the activity has fallen from 5 per cent to a rank between 4.5 per cent and 5 per cent in most recent months. We conclude formally, from the use of univariate time series models –including a deterministic trend (with structural breaks) and a stochastic trend (with and without regime switching), that the long term growth rate would be marginally below that rank (somewhat superior to 4 per cent) and with a moderate adjustment velocity when the activity relays far from the steady state (up to one year). |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.scielo.org.co/pdf/ceco/v29n53/v29n53a02.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
