Business Cycles Accounting for Paraguay

2004

In the face of the economic crisis, Paraguayan authorities have raised allocation of resources and execution of public investments. If all resources allocated to public investment in the 2009 budget were totally executed, the estimated impact created would amount to 16,000 additional jobs throughout the year. This estimate does not include execution of additional funds from international fi nancial cooperation organizations or bi-national power plants, utilization of which requires approval by Parliament. To this should be added the effect of a number of measures designed to increase the use of labour rather than machinery in public investments, via improved access to public contracts for micro and small enterprises and introduction of a routine road-maintenance system. Beyond the current economic crisis, these efforts mean signifi cant improvements in the economic policy of the nation, even though their short-term effect on employment may be modest or diffi cult to measure. In this context, introduction of a system to measure the impact of public investment on employment becomes especially important.

Journal of Development Economics, 2011

Tendencias, 2024

The purpose of this article is to examine the economic cycles in Colombia and to empirically corroborate the fulfillment of nine stylized facts documented in the specialized international literature. For this purpose, the retropolated series 1975-2013 and the series 2005:1-2022:4 of the National Administrative Department of Statistics (DANE) were analyzed using the Hodrick-Prescott filter. Thus, the occurrence of four economic cycles is recorded between 1975 and 2013 with an average duration of 9.3 years with an expansionary phase of 5.0 years and a contractionary phase of 5.3 years. Similarly, between 2005:1 and 2022:4 there were three cycles

Megatrend revija, 2007

Policy Research Working Papers, 2016

Revista Eletrônica em Gestão, Educação e Tecnologia Ambiental, 2013

… , Banco Central de la …, 2007

IMF Working Papers, 2017

2018