Volatilidad fiscal y crecimiento económico. Venezuela 1998-2010

  • Carlos José Peña Parra
DOI: https://doi.org/10.33937/reveco.2014.45
Keywords: economic growth, fiscal volatility, cointegration

Abstract

The purpose of this paper is to determine the relationship between fiscal volatility and economic growth for Venezuela, between 1998 to 2010. During this period, the volatility of fiscal policy has been significantly above average output growth. Several factors have caused the fiscal policy has been more volatile, among them, the various external shocks, the global crisis and, internally, procyclical behavior, discretion, lack of rules and inadequate institutions, may have been responsible for the attorney increased volatility and consequently on growth. The literature indicates that the link between fiscal volatility and economic growth is negative

Published
2014-01-04
How to Cite
Peña Parra, C. J. (2014). Volatilidad fiscal y crecimiento económico. Venezuela 1998-2010. Journal of Economics, Faculty of Economics, Autonomous University of Yucatan, 31(82), 37. https://doi.org/10.33937/reveco.2014.45
Issue
Vol 31 No 82 (2014): Primer Semestre 2014 Vol. XXXI Num.82
Section
Original Articles

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