En este trabajo se intenta determinar si hay o no convergencia, y si esta es absoluta o condicional, entre el Producto Interno Bruto (PIB) real per capita de 6 paises. Se efectua un analisis de cointegracion siguiendo un enfoque similar al de Bernard y Durlauf. Salvo en el caso de Canada-Estados...

This note presents a brief summary of the recent literature, both theoretical and empirical, on the effects of financial development on growth and growth volatility. We attempt to contribute to the analysis of the possible channels of interaction between these processes which is key for policies...

La presente investigación tiene como objetivo revisar la literatura reciente, teórica y empírica, que estudia los efectos del desarrollo financiero sobre el crecimiento económico y su volatilidad. Con este estudio se pretende profundizar en el análisis de los posibles canales de...

El objetivo de este trabajo es discutir las propuestas de desarrollo industrial existentes para el caso peruano. Esta discusión se ha1la a la luz de las experiencias de industrialización seguidas por los países en desarrollo, a fin de identificar los elementos cruciales para el diseño de una...

In this paper, we propose a dynamic error-components model to represent the unobserved level of technology. This specification implies a well-defined common factor dynamic model for per capita output that can be tested explicitly. The model is applied to data on aggregates of agricultural inputs...

This paper attempts to characterize the convergence process among the Mexican state during the period 1970-1995.The proposed methodology uses dynamic panel data models without exogenous regressors,under the stationarity assumption.It is argued that the Breusch-Pagan (1980) LM-test and the F-test...

This paper uses structural vector autoregression (SVAR) models to characterize the dynamic impact of fiscal policy on national saving. SVARs have extensively been used in case of monetary policy. Data adjusted for inflation, capital flight, the value loss of debt and cyclical effects, is used...

In this paper we model the rate of growth of per capita output as a two-state Markov-switching process. We consider panel data sets for OECD countries, USA states and two wider samples of countries. For each sample, we attempt to characterize each regime's first and second moments, the...