Abstract
We apply the Hodrick-Prescott (HP) and Beveridge-Nelson (BN) business cycle decomposition methods to a time series of homicides in Colombia (1946-1999). Separating out "permanent" from "cyclical" murder, we hypothesize that the cyclical part coincides with the periodic political unrest in the country. The results show a good match between the political events in the country and the computed cyclical murder component.
Original language | English (US) |
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Pages (from-to) | 447-461 |
Number of pages | 15 |
Journal | European Journal of Political Economy |
Volume | 20 |
Issue number | 2 |
DOIs | |
State | Published - Jun 2004 |
Event | The Economic COnsequences of Terror - Berlin, Germany Duration: Jun 15 2002 → Jun 16 2002 |
Keywords
- Beveridge-Nelson
- Business cycle
- Colombia
- Hodrick-Prescott
- Homicide
- Terrorism
ASJC Scopus subject areas
- Economics and Econometrics
- Political Science and International Relations