In this paper, we modeled the Colombian long run economic growth (1925-2003) using a tworegime first order Markov … switching model. We found evidence of non-linearity in the annual rate of economic growth. The results show that changes between … regimes are sudden and sporadic. The Colombian economy remains in the sustainable growth regime most of the time. The turning …

The empirical literature about economic growth has usually ignored spatial interdependence among countries. This paper … uses spatial econometrics to estimate a growth model that includes cross-country interdependence, in which a country …’s economic growth depends on the growth rate of its neighbors. Based on a sample of 98 countries over three decades (1965 …

subject to Malthusian forces to a stage of sustained economic growth, where increases in productivity lead to improvements in …

In this paper, we modelled the Colombian long run per capita economic growth (1925- 2005) using a Markov switching … growth. We found evidence of non-linearity in the per capita economic growth, and two different levels in the data associated … with depression and sustainable growth regimes were identified. In addition, the hypothesis of fixed probabilities is …

This paper provides evidence on the positive role of fiscal decentralization on regional economic growth in Colombia …