Does the commodities boom support the export led growth hypothesis? Evidence from Latin American countries
Commodity prices are characterized by boom and bust cycles. In this article written by Werner Kristjanpoller, Josephine E. Olson and Rodolfo I. Salazar, the impact of the commodity boom of the 2000s on Latin American and Caribbean economies is studied by analyzing four categories of commodity exports (agricultural raw materials, fuel, food, ore and minerals)
- Published in Revistas CIDE
Growth, bank credit, and inflation in Mexico: evidence from an ARDL-bounds testing approach
This paper written by Miguel Ángel Tinoco-Zermeño, Francisco Venegas-Martínez and Víctor Hugo Torres-Preciado, explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth in Mexico over the period 1969–2011. With an ARDL-type model, the statistical results suggest that the availability of private sector bank credit in the economy
- Published in Revistas CIDE
Trend-cycle decomposition for Peruvian GDP: application of an alternative method | Latin American Economic Review
Perron and Wada (J Monet Econ 56:749–765, 2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non-linearities and asymmetries in cycles. The method assumes that output can be
- Published in Revistas CIDE