External Linkages and Economic Growth in Colombia : Insights from A Bayesian VAR Model /
This paper investigates the sensitivity of Colombian GDP growth to the surroundingmacroeconomic environment. We estimate a Bayesian VAR model with informative steady-statepriors for the Colombian economy using quarterly data from 1995 to 2007. A variancedecomposition shows that world GDP growth and...
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Formato: | Revista |
Lenguaje: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2008.
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Colección: | IMF Working Papers; Working Paper ;
No. 2008/046 |
Acceso en línea: | Full text available on IMF |