EconPapers    
Economics at your fingertips  
 

Growth and cyclical fluctuations in Spanish macroeconomic series

Francisco Lores ()

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: This paper provides an empirical description of some stylized facts of growth for the Spanish economy with the purpose of evaluating the adequacy of the neoclassical model of growth as a structure on which we can build a theory of the economic cycle for the Spanish economy. On the other hand, the description of the fluctuations in the Spanish economy is expanded and analyzed by taking into account different theories developed in literature. In this work, we use three filters to remove trends from the data: first differences, Hodrick-Prescott filter and Baxter-King filter. The task here is to check whether the stylized facts keep, at least, qualitatively equal with different filters, so that invariant stylized facts with different filters obtain an additional confirmation.

Date: 2001-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://e-archivo.uc3m.es/bitstream/handle/10016/253/we014609.pdf?sequence=1 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:we014609

Access Statistics for this paper

More papers in UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía
Bibliographic data for series maintained by Ana Poveda ().

 
Page updated 2022-09-30
Handle: RePEc:cte:werepe:we014609