Browsing by Autor "Sacnicté Valdez del Río"

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    Business cycle, asymmetries and non-linearity: The Bolivian case
    (Centre of Sociological Research, Szczecin, Poland, 2020) Roger Alejandro Banegas Rivero; Marco Alberto Núñez Ramírez; Sacnicté Valdez del Río
    In this paper, we deal with the problem of measuring business cycles: short, medium or long-term, with both theoretical and empirical discussions on the regularity of fluctuations versus asymmetries in their measurement phases. To achieve this, the approach is based on the combination of deviations on the level of trends (alternative filters) with the algorithm of At the same time, effective rates of economic growth by Markov's chains was considered in order to identify non-linear regimes of expansion and economic contraction. Finally, quantifications on the natural rate of growth for Bolivia are offered under a sustained expansion regime from 1950 to 2015. The results suggest that due to asymmetries and the manner in which the business cycle is measured, we observe longer duration of a business cycle when it was measured from busts rather than from booms.
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    LANDLOCKED COUNTRIES, NATURAL RESOURCES AND GROWTH: THE DOUBLE ECONOMIC CURSE HYPOTHESIS
    (EconJournals, 2019) Roger Alejandro Banegas Rivero; Marco Alberto Núñez Ramírez; Jorge Salas Vargas; Luis Fernando Escobar Caba; Sacnicté Valdez del Río
    In this paper, we discuss the hypothesis of a double effect of economic slowdown on economic growth, resulting by the income of natural resources and being a landlocked country. We considered the problem of heterogeneity as conditioned functions to quantile moments in response of economic growth. To do this, groups of 97 countries are considered for the period 1970-2014. The results suggest that the “double economic curse” presents an annual impact of -3% in quantiles of medium-low growth countries. Subsequently, additive effects between human capital and trade openness are evaluated to mitigate the lag impacts on growth: decreasing approximately between 20% and 40% of the negative effect for low growth countries and contracting around 10% and 50% for countries with medium growth rates. K eywords : Landlocked countries, economic growth, natural resources, human capital, trade openness, quantile regressions. JEL Classifications: O43, O47, O57, P48, C21 DOI: https://doi.org/10.32479/ijeep.8037