Economic booms or bubbles: new opportunities for sustainable growth

Authors

  • César Álvarez Falcón Peruvian Institute of Government, Lima, Peru

DOI:

https://doi.org/10.21754/iecos.v12i0.1230

Keywords:

economic growth, economic booms, economic bubbles and bells

Abstract

The sustainable economic growth of countries such as Peru should be an inevitable consequence of the efficient use of resources generated by the price differentials of its natural resources and primary goods, during periods of economic booms. To this end, it is important to discern between the concepts of economic Bubble and Bell in the uncertain panorama of the world economy. Finally, it is fundamental to point out that the Bells, in spite of being a valid model for the explanation of differences in economic activity, do not show the dynamic nature that reality presents, therefore this paper refers to a model of economic Bubbles, with a dynamic behavior to explain the economic activity of a country.

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References

Álvarez, C. (2004). Riqueza natural de la nación. La gran paradoja. Torre Azul Ediciones.

Fleckenstein, W., & Sheehan, F. (2009). Las burbujas de Alan Greenspan. México: Editorial McGraw Hill.

Fukuyama, F. (2004). El imperativo de la construcción del Estado”. Diario de la Democracia, 15(2), 17-31.

Matos Mar, J. (1988). El desborde popular y la crisis del estado. Lima: Editorial José Matos Mar.

Sachs, J. (2006). El fin de la pobreza. Buenos Aires: Editorial Sudamericana.

Published

2012-11-22

How to Cite

Álvarez Falcón, C. (2012). Economic booms or bubbles: new opportunities for sustainable growth. Revista IECOS, 12, 39–47. https://doi.org/10.21754/iecos.v12i0.1230

Issue

Section

Research Articles