macroeconomics of development - CEPAL Repositorio

1 downloads 116 Views 479KB Size Report
policies; the emergence of financial crises (Cerra and Saxena, 2008 and .... impact of crisis in general on economic growth (Howard, Martin and Wilson, 2011; .... France, Germany, Greece, Holland, Hungary, Iceland, Ireland, Italy, Japan, ...
S E R I E S

ISSN 1680-8843

MACROECONOMICS OF DEVELOPMENT Economic growth and real volatility The case of Latin America and the Caribbean Rodrigo Cárcamo-Díaz Ramón Pineda-Salazar

161

Economic growth and real volatility The case of Latin America and the Caribbean Rodrigo Cárcamo-Díaz Ramón Pineda-Salazar

7KLV GRFXPHQW KDV EHHQ SUHSDUHG E\ 5RGULJR &iUFDPR'tD] DQG 5DPyQ 3LQHGD6DOD]DU (FRQRPLF 'HYHORSPHQW'LYLVLRQRIWKH(FRQRPLF&RPPLVVLRQIRU/DWLQ$PHULFDDQGWKH&DULEEHDQ (&/$& ZLWKLQWKH DFWLYLWLHVRIWKH&RUHDQSURMHFW 52.  7KH YLHZV H[SUHVVHG LQ WKLV GRFXPHQW ZKLFK KDV EHHQ UHSURGXFHG ZLWKRXW IRUPDO HGLWLQJ DUH WKRVH RI WKH DXWKRUVDQGGRQRWQHFHVVDULO\UHIOHFWWKHYLHZVRIWKH2UJDQL]DWLRQ                             8QLWHG1DWLRQVSXEOLFDWLRQ ,661 /&/ &RS\ULJKW‹8QLWHG1DWLRQV'HFHPEHU$OOULJKWVUHVHUYHG 3ULQWHGDW8QLWHG1DWLRQV6DQWLDJR&KLOH  0HPEHU6WDWHVDQGWKHLUJRYHUQPHQWDOLQVWLWXWLRQVPD\UHSURGXFHWKLVZRUNZLWKRXWSULRUDXWKRUL]DWLRQEXWDUHUHTXHVWHGWR PHQWLRQWKHVRXUFHDQGLQIRUPWKH8QLWHG1DWLRQVRIVXFKUHSURGXFWLRQ 

(&/$&0DFURHFRQRPLFVRI'HYHORSPHQW6HULHV1R

(FRQRPLFJURZWKDQGUHDOYRODWLOLW\«

&RQWHQWV

$EVWUDFW ,

,QWURGXFWLRQ

,,

(FRQRPLFJURZWKDQGUHDOYRODWLOLW\LQWKHUHJLRQ   GDWDDQGVW\OL]HGIDFWV $ 'HVFULSWLRQRIWKHGDWDXVHG % 6W\OL]HGIDFWVRIHFRQRPLFJURZWKLQWKHUHJLRQ  /RZUHODWLYHJURZWKYLVjYLVGHYHORSHGHFRQRPLHV  *URZWKKHWHURJHQHLW\ZLWKLQWKHUHJLRQ & 0HDVXULQJUHDOYRODWLOLW\LQWKHUHJLRQ  ,QGLFDWRUVRIUHDOYRODWLOLW\  6W\OL]HGIDFWVRIYRODWLOLW\LQ/DWLQ$PHULFDDQGWKH&DULEEHDQ

,,,

7HVWLQJWKHHPSLULFDOUHODWLRQVKLSEHWZHHQUHDOYRODWLOLW\DQG JURZWKLQWKHUHJLRQ   $ 5HVXOWVXVLQJGLIIHUHQWYRODWLOLW\LQGLFDWRUV % 9RODWLOLW\DQGJURZWKFRQWUROOLQJIRUH[WHUQDOVKRFNV

&RQFOXVLRQV %LEOLRJUDSK\ 0DFURHFRQRPLFVRI'HYHORSPHQWLVVXHVSXEOLVKHG  7DEOHV 7$%/( 7$%/( 

/$7,1$0(5,&$$1'7+(&$5,%%($148$57(5/