The Impact of the financial and Economic Crisis on Central America: An Expenditure GDP approach

Zuniga-Gonzalez, C.A (2009): The Impact of the financial and Economic Crisis on Central America: An Expenditure GDP approach. Published in: MAPRA , Vol. 1, No. MPRA Paper #110940 (17 September 2009): pp. 1-14.

Abstract

This article applies the expenditure GDP approach for analyzing the impact of the financial and economic crisis on Central America1 (BCN, 2004). I use the regression analysis method of multivariable statistical analysis to establish a multiple linear regression model about the mean expenditure variables that are estimated during 2000 to 2008, therefore I calculate the forecast for 2010. In general terms, those countries present your economies with a declining trend. So I suggest some measures to support the impact in our economies.

• Item Type: MPRA Paper
• Language: English
• Keywords: Expenditure GDP approach; Financial Crisis; Economic impact; Regression Analysis
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill; G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation

References

Barcenas, Alicia., Hernández, Réne, et al. The current international financial crisis CEPAL NACIONES UNIDAS. LC/L 2999-Enero 2009 Naciones Unidas. Impreso en Santiago de Chile.

Central Bank of Nicaragua. Economic indicators Methodological Notes 2004 www.bcn.gob.ni CEPAL, Impacto de la crisis financiera global en América Latina y el Caribe. 2008-2009

Dornbush R, and Fisher, Macro economy. 6th edition. Mc. Graw Hill. Mimeo 1980.

Maddala, G.S., Introduction to Econometrics. 2 th edition. Prentice Hall Hispanoamericana, S.A, México 1996. Sachs- Larraín, Macro economy. Printice Hall. 1985