Stylized Facts for the Argentine Economy

Authors

  • Mara Rojas National University of the South, Argentina; National Council for Scientific and Technical Research (CONICET), Argentina
  • Mariana Zilio National University of the South, Argentina; National Council for Scientific and Technical Research (CONICET), Argentina
  • Soledad Feal Zubimendi National University of the South, Argentina; National Council for Scientific and Technical Research (CONICET), Argentina

Keywords:

Correlations, Developing Economies, Pre-Whitening, Stylized Facts

Abstract

The objective of this paper is to analyze the stylized facts of the Argentine economy by studying dynamic correlations between the variables of interest between 1990 and 2007. The results are based on the application of the Hodrick and Prescott filter, with and without the implementation of the pre-whitening method. The results do not adjust in all cases to the prevailing theory on economic cycles, and although they differ in some cases from those reported by Kydland and Zarazaga (1997) in their analysis of the Argentine economy, no major qualitatively differences are found.

JEL classification: E3

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Published

2009-12-01

How to Cite

Rojas, M., Zilio, M. and Feal Zubimendi, S. (2009) “Stylized Facts for the Argentine Economy”, Ensayos Económicos, (56), pp. 157–210. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/325 (accessed: 1 May 2025).

Issue

No. 56 (2009): Ensayos Económicos

Section

Articles