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Item type:Publication, Apertura, cuenta corriente y transferencia externa en el Perú(Pontificia Universidad Católica del Perú. Departamento de Economía, 1996)This paper analyze the peruvian economy evolution since 1970 to 1993, testing the mainly growth constraint, using different alternatives of estimation with a “three gap” model. The results show that they have not been, the fiscal gap neither the saving gap, that have limitated the growth. The external constraint is the most important one that has not been eliminated because the capital flows in the nineties. But if the actual desequilibrium in the current account are not corrected, it would reappear (makin worse) like a balance of payment crisis, and this is one of the structural problems in Peru. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Los factores estructurales y la dinámica macroeconómica : un enfoque de brechas(Pontificia Universidad Católica del Perú. Departamento de Economía, 1996)This paper identify the external constraint like a structural problem, and in the first part we make a book review about some authors who had fundamental this posture. We analyze the principal macroeconomic indicators in the last 23 years and we apply a three gap-model that, because its structure, do not give an adequate valuation to the external gap, in preference to fiscal and internal gap. Instead of, the empirical evidence shows the importance of the external limit in this period. That has consistency whit the conceptual interpretation we have at the beginning.