The Application of Income Per Capita Desgrowth Rate (ξ-Rate) to Guatemala
12 Pages Posted: 1 Aug 2019
Date Written: July 29, 2019
Abstract
In this paper, we introduce a new macroeconomic indicator, the Income Per Capita Desgrowth Rate (ξ-Rate). Calculation of the ξ-Rate is based on the income per capita desgrowth discount rate (Ð-Rate). Calculation of the Ð-Rate, in turn, is based on simultaneously evaluating sixteen different controlled and non-controlled events or variables. The main objective of the ξ-Rate is to monitor per capita income performance, along with all possible leakages from each controlled and non-controlled events or variables. Finally, we apply the ξ-Rate to Guatemala to analyze its economic performance between 2015 and 2019. The analysis indicates that per capita income stagnated during this period.
Keywords: Guatemala, corruption, per capita income, growth, macroeconomics, policy modeling
JEL Classification: 047
Suggested Citation: Suggested Citation