Uncertainty and economic growth: evidence from Latin America

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cepal.articleNo1
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2022/8-P
cepal.docTypeRevistas
cepal.jelCodeE32
cepal.jelCodeO47
cepal.jelCodeE31
cepal.jobNumberRVI137_Aromi
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMIC GROWTH
cepal.topicEngINFLATION
cepal.topicEngMACROECONOMICS
cepal.topicEngPRICES
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaINFLACIÓN
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaPRECIOS
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorBermúdez, Cecilia
dc.contributor.authorDabús, Carlos
dc.contributor.authorAromí, Daniel
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.temporalEnd2016
dc.coverage.temporalStart1960
dc.date.accessioned2022-12-15T15:37:51Z
dc.date.available2022-12-15T15:37:51Z
dc.date.issued2022-08
dc.description.abstractThis paper explores the effect of uncertainty on economic growth in Latin American from 1960 to 2016. Uncertainty is found to be positively correlated to inflation and the volatility of three macroeconomic variables: inflation rate, GDP and the real exchange rate. The empirical evidence indicates that uncertainty is detrimental for growth, particularly at higher levels. In line with existing consensus in the literature, the results appear to show that macroeconomic instability has been a major hindrance explaining the poor economic performance of the region. Economic policy recommendations include applying more stringent countercyclical policies to stabilize prices and output fluctuations.
dc.formatTexto
dc.format.extentpáginas. 7-2
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2022/8-P
dc.identifier.urihttps://hdl.handle.net/11362/48581
dc.language.isoeng
dc.physicalDescriptionp. 7-21; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo137
dc.relation.translationLanguagespa
dc.relation.translationRecordIncertidumbre y crecimiento económico: enseñanzas de América Latina
dc.relation.translationUrihttps://hdl.handle.net/11362/48085
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngUNCERTAINTY
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngINFLATION
dc.subject.unbisEngGROSS DOMESTIC PRODUCT
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaINCERTIDUMBRE
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPRODUCTO INTERNO BRUTO
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.titleUncertainty and economic growth: evidence from Latin America
dc.type.coarrevista
dc.usergrouprevistacepal
dspace.entity.typePublication
relation.isAuthorOfPublicationfaf78224-3e41-48eb-a37f-10555796d3e7
relation.isAuthorOfPublicatione4deacaf-6b23-4d69-9816-c8fbe3956251
relation.isAuthorOfPublicationf3bd99a6-67e7-488f-854c-712c00432b62
relation.isAuthorOfPublication.latestForDiscoveryfaf78224-3e41-48eb-a37f-10555796d3e7
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