Bibliometric analysis of stochastic general equilibrium models

Authors

DOI:

https://doi.org/10.17981/econcuc.44.2.2023.Econ.1

Keywords:

Macroeconomics, DSGE, Bibliometrics, Publication, Networks

Abstract

Dynamic stochastic general equilibrium (DSGE) stochastic general equilibrium models have become the most widely used economic models in modern macroeconomics. Therefore, the objective of this paper is to analyze the origin, evolution and current status of the DSGE approach, as well as to examine the most important criticisms and limitations that have been made. Additionally, the diffusion of DSGE models was analyzed using descriptive bibliometric analysis and co-citation citation networks. After the 2009 crisis, the scientific production related to DSGE models grew rapidly, with the United States and Great Britain concentrating the largest number of publications, so that a large volume of articles is published in English. The co-citation analysis revealed the existence of six sub-areas of research within the DSGE approach, all centered around the four authors with the highest number of citations and link strength.

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Author Biographies

Oscar Hernan Cerquera Losada, Universidad Surcolombiana

Is an economist from the Universidad Surcolombiana, holds a master's degree in Economics from the Universidad de Buenos Aires, and a PhD student in Economic Sciences from the same University. Full-time professor of the Economics program of the Universidad Surcolombiana, and researcher of the Regional Observatory of the Labor Market of Huila. Associate Researcher of the Ministry of Science, Technology and Innovation, and member of the Iguaque and SMEs research group of the Universidad Surcolombiana.

Fabian Adames Papa, Universidad Surcolombiana

Is a mathematician from the Universidad Surcolombiana, with a master's degree in Economics from the University de Manizales. Full-time professor of the Economics program of the Universidad Surcolombiana, and researcher of the Iguaque research group of the Universidad Surcolombiana.

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Published

2023-03-31

How to Cite

Cerquera Losada, O. H., & Adames Papa, F. . (2023). Bibliometric analysis of stochastic general equilibrium models. ECONÓMICAS CUC, 44(2), 51–74. https://doi.org/10.17981/econcuc.44.2.2023.Econ.1

Issue

Vol. 44 No. 2 (2023): January – June, 2023

Section

Articles: Economy and Finance

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Copyright (c) 2023 Oscar Hernan Cerquera Losada, Fabian Adames Papa

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