14 resultados para asymmetric volatility

em Comissão Econômica para a América Latina e o Caribe (CEPAL)


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Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to the inclusion of external variables that control for external uncertainty and volatility.

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In recognition of the telecommunications industry’s increasing importance for the growth and competitiveness of Latin American countries, this edition of the FAL Bulletin is based on the presentation given by Mr. Patricio Rozas of the Infrastructure Services Unit of the Economic Commission for Latin America and the Caribbean (ECLAC), at the International Forum on New Telecommunications and Broadcasting Models, organized by the Senate of the Republic of Mexico and held in Mexico City between 28 and 30 October 2013.