Economía

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e-ISSN: 2304-4306

ECONOMÍA Journal was initially established as the “Revista Economía” of the Department of Economics of the Pontificia Universidad Católica of Peru (PUCP) in 1977. It is the oldest academic journal on economics in the country. Building on that legacy, ECONOMÍA has now been relaunched as an internationally refereed journal dedicated to publishing original academic research on economics in English, with an expanded and prestigious Editorial Board, as well as a large team of Associated Editors that guarantee the highest theoretical and methodological standards.

ECONOMÍA also offers a manuscript management platform that provides an eficient workflow among authors, associate editors and referees throughout the process of manuscript submission and evaluation. In this new stage, ECONOMÍA aspires to continue leading the progress of academic literature in the country as well as position itself in a prominent place in the Latin American region.

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Start date: 2010End date: 2019

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Now showing 1 - 10 of 231
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    Figueroa, Adolfo. A Unified Theory of Capitalist Development. Buenos Aires: Cengage Learning, 2009. 271 pp.
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2011-06-18) Thomas, Víctor Bulmer
    El artículo no presenta resumen.
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    Guano, compromisos creíbles y el pago de la deuda externa peruana del siglo XIX
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2011-05-30) Vizcarra, Catalina
    La experiencia del Perú con la deuda externa durante el boom de la era del guano es una de las más notables en el siglo XIX. A pesar de la continua inestabilidad política y de la pobre reputación en los mercados financieros, el precio de los bonos peruanos se incrementó después de 1849 y el país disfrutó de riesgo de crédito relativamente bajo hasta 1870. Este artículo analiza los incentivos que Perú y sus acreedores enfrentaron y explica cómo el rendimiento extraordinario de Perú se fundó en su compromiso creíble de honrar su deuda con los ingresos del guano.Palabras clave: deuda externa, Perú, siglo XIX, guano
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    Total Factor Productivity in the Manufacturing Sector of Peru: 2002-2007
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2012-12-20) Tello, Mario D.
    Based upon manufacturing sector data, this paper estimates the total factor productivity (TFP) for this sector with parametric and modern methods for the 2002-2007 period. Subject to data limitations and methods used, the estimations indicate that the TFP growth rate for a representative sample of up to 578 firms was low in the period analysed, without having contributed to the growth of manufacturing firms’ real production value. In addition, the TFP growth rate was greater for large firms (more than 100 employees) than for medium and small firms (less than 21 employees). In terms of industrial sectors, TFP growth rates were higher for primary processing and technology-intensive industries than for traditional industries (such as textiles, clothing and footwear), and the foodstuffs, tobacco, and beverages sectors. Lastly, though capital, employmentand installed capacity growth may explain the growth of manufacturing real output value for the period 2002-2007, the absence of TFP growth may jeopardize the sustainability of such a growth in the medium and long run.
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    Milanovic, Branko. Los que tienen y los que no tienen. Una breve y singular historia de la desigualdad global. Madrid: Alianza Editorial, 2012; 279 pp.
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2012-12-21) Contreras, Carlos
    El artículo no presenta resumen.
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    Dammert, Alfredo y Raúl García Carpio. Los Jones quieren casa nueva: cómo entender la nueva crisis económica mundial. Lima: PUCP. Fondo Editorial, 2009. 110 pp
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2012-06-28) Toma, Javier
    El artículo no presenta resumen.
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    Tres ladrillos sobre la burbuja inmobiliaria y financiera española
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2014-08-25) Gelles, Jan-David
    El artículo no presenta resumen.
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    Total Factor Productivity Estimation in Peru: Primal and Dual Approaches
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2014-08-25) Céspedes, Nikita; Ramírez-Rondán, Nelson
    In this paper we estimate total factor productivity (TFP) growth for the Peruvian economy usingthe primal and dual methods for the period 2003-2012. According to the primal method, a procedure that uses the Solow residual as an indicator of productivity, TFP grew at an average annual rate of 1.6%, adjusted for the quality and usage of the factors of production. According to the dual method, a procedure that considers estimations of the marginal productivities of the factors of production, TFP grew at an annual rate of 1.7%.
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    A Note on Forecasting Daily Peruvian Stock Market Volatility Risk Using Intraday Returns
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2019-10-29) Zevallos, Mauricio
    In this paper I present a model to forecast the daily Value at Risk (VaR) of the Peruvian stock market (measured through the general index of the Lima Stock Exchange: the IGBVL) based on intraday (high-frequency) data. Daily volatility is estimated using realised volatility and I adopted a regression quantile approach to calculate one-step predicted VaR values. The results suggest that the realised volatility is a useful measure to explain the Peruvian stock market volatility and I obtained sound results using quantile regression for risk estimation.
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    Productivity Growth: Patterns and Determinants across the World
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2019-10-29) Kim, Young Eun; Loayza, Norman V.
    This is the background paper for the productivity extension of the World Bank’s Long-Term Growth Model (LTGM). Based on an extensive literature review, the paper identifies the main determinants of economic productivity as innovation, education, market efficiency, infrastructure, and institutions. Based on underlying proxies, the paper constructs indexes representing each of the main categories of productivity determinants and, combining them through principal component analysis, obtains an overall determinant index. This is done for every year in the three decades spanning 1985-2015 and for more than 100 countries. In parallel, the paper presents a measure of total factor productivity (TFP), largely obtained from the Penn World Table, and assesses the pattern of productivity growth across regions and income groups over the same sample. The paper then examines the relationship between the measures of TFP and its determinants. The variance of productivity growth is decomposed into the share explained by each of its main determinants, and the relationship between productivity growth and the overall determinant index is identified. The variance decomposition results show that the highest contributor among the determinants to the variance in TFP growth is market efficiency for Organisation for Economic Co-operation and Development countries and education for developing countries in the most recent decade. The regression results indicate that, controlling for country- and time-specific effects, TFP growth has a positive and significant relationship with the proposed TFP determinant index and a negative relationship with initial TFP. This relationship is then used to provide a set of simulations on the potential path of TFP growth if certain improvements on TFP determinants are achieved. The paper presents and discusses some of these simulations for groups of countries by geographic region and income level. In addition, as a country-specific illustration, the paper presents simulations on the potential path of TFP growth for Peru under various scenarios. An accompanying Excelbased toolkit, linked to the LTGM, provides a larger set of simulations and scenario analysis at the country level for the next few decades.
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    The Economic Legacy of General Velasco: Long-Term Consequences of Interventionism
    (Pontificia Universidad Católica del Perú. Fondo Editorial, 2019-10-29) Martinelli, César; Vega, Marco
    We apply synthetic control methods to study the long-term consequences of the interventionist and collectivist reforms implemented by the Peruvian military junta of 1968–1975. We compare long-term outcomes for the Peruvian economy following the radical reforms of the early 1970s with those of two controls made of similar countries, one chosen in the Latin American region and another one chosen from the world at large. We find that the economic legacy of the junta includes sizable loses in GDP along two decades, beyond those that can be attributed to adverse international circumstances. The evidence suggests that those loses can be attributed both to a decline in capital accumulation and to a fall in productivity.