This paper presents an analysis of the implications it has on standard growth models assume an alternative hypothesis to the exponential growth of the population and how modeling time can alter the dynamic behavior of these models. An extension (in continuous time and discrete time) of the...

We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...

We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...

We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...

La evidencia empírica sugiere una relación negativa entre la volatilidad y el crecimiento del producto en países emergentes; no obstante, algunos autores sugieren posibles efectos no lineales en el sentido que dicha relación es caracterizada más por fluctuaciones abruptas que por...

Los ciclos económicos en Bolivia son estables en el largo plazo pero no en el corto plazo, aun así los ciclos límite muestran que existe equilibrio. Tanto el acelerador como el tiempo de fabricación de nuevos bienes de capital dependen de las percepciones de las políticas del gobierno, si...