¿Cuál es el crecimiento de largo plazo de la economía chilena?: Una respuesta formal para una antigua pregunta

Which is the growth of long term of the Chilean economy?

Byron Idrovo

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this study is to estimate the Chilean economy’s growth rate in a context of full employment of the productive resources. As reference, some experts estimate at that the long term growth of the activity has fallen from 5 per cent to a rank between 4.5 per cent and 5 per cent in most recent months. We conclude formally, from the use of univariate time series models –including a deterministic trend (with structural breaks) and a stochastic trend (with and without regime switching), that the long term growth rate would be marginally below that rank (somewhat superior to 4 per cent) and with a moderate adjustment velocity when the activity relays far from the steady state (up to one year).

Keywords: Economía; Ciclos; Crecimiento; Tendencia; Filtro de Kalman (search for similar items in EconPapers)
JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2008-02-14, Revised 2008-08-14
New Economics Papers: this item is included in nep-mac
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Related works:
Journal Article: ¿Cuál es el crecimiento de largo plazo de la economía chilena? Una respuesta formal para una antigua pregunta (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11114

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