The main purpose of this paper is to answer the following question: which factors explain the persistence of fluctuation in the Peruvian economy? We answer it constructing a non-linear deterministic dynamical system obtaining fluctuations as a result of structural aspect of the Peruvian economy....

This paper presents different concepts related to total production functions and total cost functions. From the technological point of view, the analysis is made considering the Leontief technological system and the von Neumann technological system. From the economical point of view, it is...

The main goal of this paper is to describe the characteristics of business cycle in Peru during 1950-1996, and to show the importance of external shocks for these economic fluctuations. The pattern of economic fluctuations in Peru, in particular the pattern of recessions, seems to be independent...

This paper shows the behaviour of the most important variables of the Peruvian banking system during rises and downs during the cyclical ups and downs in the period 1950-1997. In the first section we show the main features of the peruvian business cycles. The second section describes the...