In this paper we report the main stylized facts of the business cycle for the Peruvian Economy. This study is important for the development of economic models, which are useful to evaluate the impact of different economic policies. Moreover, for those models to have empirical validity, it is...

English Abstract: The present study analyzes from a macroeconomic perspective the relationship between agriculture and industry in an underdeveloped economy with duality in the agricultural sector. It examines the determinants of industrial production and the terms of trade in this...

English Abstract: The purpose of this paper is to formulate a model of determination of the Gross National Product and the Current Account. In traditional approaches, the GDP and Trade Balance model are formulated, which, although they constitute an advance to determine the equilibrium GDP and...

Spanish Abstract: En el presente trabajo se observa una propuesta de vinculación basado en el modelo de la triple hélice, este esfuerzo nace como resultado del ejercicio de planeación estratégica en la Universidad Autónoma de Nuevo León (UANL), para realizar esta propuesta se investigaron...

Spanish Abstract: Este escrito examina algunas explicaciones convencionales de la crisis financiera y el estancamiento, y el papel que atribuyen a la desigualdad del ingreso, en contraste con una explicación keynesiana estructural. El papel de la desigualdad del ingreso difiere esencialmente y...

Spanish Abstract: El presente documento calcula año por año la productividad total de los factores y la productividad laboral en Colombia entre 1970 y 2010. Para ello se utiliza un análisis de cointegración y una estimación recursiva utilizando un modelo de corrección de errores (VEC), a...

In this paper, we prove that in a simple model of income determination, when taking into account linear functions, the change rate for the gross domestic product (GDP) is equal to the quotient of the increase in investment and the sum of exogenous consumption plus the initial investment. This...

Credit institutions provide financial intermediation services indirectly measured(FISIM). The consideration of those services by national accounts raise many problems.SEC-70 and SEC-95 (chapter 3) decided to include FISIM in a fictitious sector. Thissolution does not seem to be the best one as...

This paper presents the update of the macroeconometric model used at the Bank of Spain for medium term macroeconomic forecasting, as well as for performing policy simulations. The many changes that the Spanish economy has experimented in the last years, and the new system of national accounts...