| Revue: | Latin american journal of economics |
| Base de datos: | CLASE |
| Número de sistema: | 000418678 |
| ISSN: | 0719-0425 |
| Autores: | Bermúdez, Cecilia1 Dabús, Carlos D1 González, Germán H1 |
| Instituciones: | 1Universidad Nacional del Sur, Departamento de Economía, Bahía Blanca, Buenos Aires. Argentina |
| Año: | 2015 |
| Periodo: | May |
| Volumen: | 52 |
| Número: | 1 |
| Paginación: | 1-23 |
| País: | Chile |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Aplicado |
| Resumen en inglés | We estimate a dynamic panel data model to assess the relationship between different levels of instability—proxied by growth volatility and inflation— and growth in Latin America from 1960 to 2011. Outlying observations could be mistakenly treated as thresholds or regime switch. Hence we use k-median clustering to mitigate the outlier problem and properly identify "scenarios" of instability. Our key findings are that while high inflation is harmful, low inflation is in fact positively related to growth. Volatility is also found to be significant and negative, but with no differential effect— between low and high levels—on growth |
| Disciplinas: | Economía |
| Palabras clave: | Empresas, Condiciones económicas, Econometría, Inestabilidad, Crecimiento económico, Volatilidad, Inflación, Datos de panel, Clusters, América Latina |
| Texte intégral: | Texto completo (Ver PDF) |
