{"id":"https://openalex.org/W1479950274","doi":null,"title":"Growth and Volatility in Developing Countries: The Role of Credits and Fiscal Policy","display_name":"Growth and Volatility in Developing Countries: The Role of Credits and Fiscal Policy","publication_year":2008,"publication_date":"2008-10-01","ids":{"openalex":"https://openalex.org/W1479950274","mag":"1479950274"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:chb:bcchwp:488","doi":null,"is_oa":false,"landing_page_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_488.pdf","pdf_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_488.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5056207579","display_name":"Mar\u00eda Elisa Far\u00edas","orcid":"https://orcid.org/0000-0002-8294-6603","observed_orcids":["https://orcid.org/0000-0002-8294-6603"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Mar\u00eda Elisa Far\u00edas","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5056207579"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7627000212669373,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7627000212669373,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.16030000150203705,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.03290000185370445,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9430000185966492},{"id":"https://openalex.org/keywords/economic-volatility","display_name":"economic volatility","score":0.6930000185966492},{"id":"https://openalex.org/keywords/credit","display_name":"credit","score":0.41999998688697815},{"id":"https://openalex.org/keywords/r-d-investment","display_name":"R&D investment","score":0.9259999990463257},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":1.0},{"id":"https://openalex.org/keywords/fiscal-discipline","display_name":"fiscal discipline","score":0.9909999966621399},{"id":"https://openalex.org/keywords/external-shocks","display_name":"external shocks","score":0.753000020980835},{"id":"https://openalex.org/keywords/financial-market-development","display_name":"financial market development","score":0.7070000171661377},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7269999980926514},{"id":"https://openalex.org/keywords/chile","display_name":"Chile","score":0.5509999990463257}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7609536647796631},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7526940107345581},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.738925576210022},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6202804446220398},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.5819897651672363},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4830347001552582},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.4678877890110016},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.45955929160118103},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.43951216340065},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2041465938091278},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:chb:bcchwp:488","doi":null,"is_oa":false,"landing_page_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_488.pdf","pdf_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_488.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1479950274","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:chb:bcchwp:488","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6452000141143799,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W1482123984","https://openalex.org/W1530454041","https://openalex.org/W1571879035","https://openalex.org/W1595521060","https://openalex.org/W1970883168","https://openalex.org/W1974791429","https://openalex.org/W1977394168","https://openalex.org/W2035464508","https://openalex.org/W2049033021","https://openalex.org/W2086940558","https://openalex.org/W2102216624","https://openalex.org/W2111385632","https://openalex.org/W2133207356","https://openalex.org/W2147948192","https://openalex.org/W2166548502","https://openalex.org/W3122413869","https://openalex.org/W3122812532","https://openalex.org/W3123661969"],"related_works":["https://openalex.org/W139440216","https://openalex.org/W1989748715","https://openalex.org/W3122655329","https://openalex.org/W7097683139","https://openalex.org/W7100134832","https://openalex.org/W1568736291","https://openalex.org/W7095093880","https://openalex.org/W4312116026","https://openalex.org/W2281640713","https://openalex.org/W37651165"],"abstract_inverted_index":{"The":[0,29,126],"purpose":[1],"of":[2,10,65,100],"this":[3],"paper":[4],"is":[5,31,128],"to":[6,19,27,120],"analyze":[7],"the":[8,24,85],"role":[9],"credits,":[11,77],"R&D":[12,78],"spending,":[13,79],"and":[14,22,70,82,95],"fiscal":[15,80,133],"policy":[16],"in":[17,54,117],"contributing":[18],"reduce":[20],"volatility,":[21],"enhance":[23],"adjustment":[25],"capacity":[26],"shocks.":[28,45],"foregoing":[30],"especially":[32],"relevant":[33],"for":[34,61],"emerging":[35],"countries":[36,67,109,131],"like":[37],"Chile,":[38],"which":[39],"are":[40,51,116],"frequently":[41],"threatened":[42],"by":[43],"external":[44],"In":[46],"addition,":[47],"credit":[48],"market":[49],"distortions":[50],"more":[52,111],"frequent":[53],"these":[55,93],"economies.":[56],"Using":[57],"an":[58],"empirical":[59],"analysis":[60],"a":[62,124],"panel":[63],"data":[64],"72":[66],"between":[68,76,92],"1950":[69],"2004,":[71],"we":[72,88,102],"find":[73,89,103],"positive":[74],"correlations":[75,91],"policy,":[81],"growth.":[83],"On":[84],"other":[86],"hand,":[87],"negative":[90],"variables":[94],"volatility.":[96],"Testing":[97],"different":[98],"types":[99],"models":[101],"very":[104],"robust":[105],"results,":[106],"suggesting":[107],"that":[108,135],"with":[110],"developed":[112],"domestic":[113],"financial":[114],"markets":[115],"better":[118],"conditions":[119],"recover":[121],"growth":[122],"after":[123],"shock.":[125],"same":[127],"true":[129],"when":[130],"apply":[132],"policies":[134],"guarantee":[136],"\u201cfiscal":[137],"discipline\u201d.":[138]},"counts_by_year":[],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
