Deuda externa pública e inversión en Colombia 1994-2007: Evidencia de un modelo no-lineal TAR

Andrés Salamanca, Viviana Monroy Mejía

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Abstrakt

This document analyzes the relationship between national government external debt and private investment for Colombia during the period 1994 to 2007, by means of a nonlinear TAR model. In this work MCMC methods and the Bayesian approach were used to estimate the model. The results show evidence of a nonlinear relationship between the variables studied explained by TAR model. Moreover, the analysis indicates the existence of an inverse relationship between private investment growth and national government external debt growth.
Bidragets oversatte titelPublic External Debt and Investment in Colombia 1994-2007: Evidence from a Non-Linear TAR Model
OriginalsprogSpansk
TidsskriftCuadernos de Economia
Vol/bind28
Udgave nummer51
Sider (fra-til)205-243
ISSN0121-4772
StatusUdgivet - 2009
Udgivet eksterntJa

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