Search

Copyright of Atlantic Review of Economics / Revista Atlántica de Economía is the property of Colegio de Economistas de La Coruna and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Atlantic Review of Economics / Revista Atlántica de Economía is the property of Colegio de Economistas de La Coruna and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Atlantic Review of Economics / Revista Atlántica de Economía is the property of Colegio de Economistas de La Coruna and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Economía Coyuntural, Revista de Temas de Coyuntura y Perspectivas is the property of Instituto de Investigaciones Economicas y Sociales Jose Ortiz Mercado (IIES-JOM) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper analyzes the existence of the Dutch disease in the case of Argentina's economy. The paper investigates the shocks in terms of trade and the shocks in the supply of agricultural sector (growing sector) on manufacturing output (real gdp), inflation rates and unemployment. The paper includes var models, with long-term restrictions, and quarterly data for Argentina, covering the period 1993-2015. The results show that external price shocks affect positively to manufacturing output and negatively to the unemployment rates. There would be no substantial evidence of the existence of the Dutch disease in this economy. [ABSTRACT FROM AUTHOR]

Este trabajo investiga la validez de la hipótesis de los desequilibrios gemelos (fiscal y externo) en el caso de la economía argentina. El trabajo analiza, a través de modelos de VEC (modelo de corrección de errores), las relaciones de largo plazo entre el saldo de la cuenta corriente, el resultado fiscal, las tasas de inversión y los términos del intercambio, con datos trimestrales, que cubren el período 1994-2014. Las estimaciones sugieren que un mayor déficit fiscal y un aumento en las tasas de inversión deterioran el saldo de la cuenta corriente. El resultado fiscal precede a la cuenta corriente (causalidad en sentido de Granger), pero no a la inversa. [ABSTRACT FROM AUTHOR]

Copyright of Ensayos Economicos is the property of Banco Central de la Republica Argentina and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ecos de Economía is the property of Universidad EAFIT and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

El artículo discurre sobre la relación entre la política fiscal, el consumo y la inversión en Argentina. El autor comenta sobre los aspectos macroeconómicos de estos variables y describe el crecimiento económico en el país a consecuencia de la demanda. También se consideran varias análisis econométricas.

Las reservas internacionales constituyen una de las herramientas de que disponen los bancos centrales para proporcionar un seguro de liquidez y hacer frente a contingencias futuras y a cambios repentinos en los flujos de capitales. Este trabajo analiza los factores económicos que explican el comportamiento de las reservas en el caso argentino. Atal efecto, se estiman modelos de VEC (vector de corrección de errores), con datos trimestrales de ese país, que cubren el período 1994-2013. Los resultados muestran que el PIB real y el riesgo país serían los principales determinantes de la volatilidad en las reservas, mientras que otros factores, como los términos del intercambio y los componentes de la balanza de pagos (balanza comercial y cuenta capital y financiera, respectivamente) habrían sido menos importantes. [ABSTRACT FROM AUTHOR]

Copyright of Ensayos - Revista de Economía is the property of Ensayos Revista de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

One of the issues of macroeconomic analysis in recent years has been trying to empirically identify the factors causing fluctuations in economic aggregates. This work investigates the sources of macroeconomic fluctuations using a structural VEC approach and quarterly data for Argentina's economy, covering the period 1980:1-2009:1. To this effect, the paper imposes short and long run restrictions to the SVEC model, and identifies four structural shocks: term of trade, aggregate supply, aggregate demand and nominal prices. The results show that terms of trade shocks have a positive effect on real GDP, and that the main sources of output fluctuations are aggregate supply shocks. Further, external price shocks and aggregate demand shocks would be, in principle, the most important ones to explain real exchange rate fluctuations. [ABSTRACT FROM AUTHOR]

The objective of this study is to analyze Argentina's experience in reversing the external sector deficit that followed the exchange rate crisis of 2001, as well as assessing the performance of the current account in the face of different macroeconomic shocks. To do this, a structural VAR model (SVAR) is estimated with short-term non-recursive restrictions, aimed at explaining the dynamic of current account adjustment in the current account in response to the structural shocks observed in the growth of world income (or in the real export prices), in domestic economic activity, in real interest rates and in the real exchange rate. The study uses quarterly data covering the period 1980:1-2008:4. [ABSTRACT FROM AUTHOR]

This work investigates the sources of macroeconomic fluctuations using a SVAR approach and quarterly data for Argentina's economy during the quarterly period 1980:1-2008:2. To this effect, the paper imposes long run restrictions to the SVAR model and identifies four structural shocks: external prices, aggregate supply, aggregate demand and nominal prices. We observed that positive external price shocks have a positive effect on real industrial GDP and that the main source of output fluctuations are aggregate supply shocks. Furthermore, aggregate demand shocks would be less important that other shocks to explain multilateral real exchange rate fluctuations. [ABSTRACT FROM AUTHOR]

The terms of trade faced by commodity producing countries have improved markedly in recent years, generating significant changes in their economies. This paper examines the effect of these shocks on Argentina's domestic product and trade balance. in particular, this paper attempts to verify the existence of the Harberger-Laursen-Metzler (HLM) effect: an increase (decrease) in the terms of trade would lead to an improvement (deterioration) in the trade balance. To this end we use a structural VAR approach, which allows us to estimate the effects of unanticipated terms of trade shocks on the domestic product and trade balance in the long run. We find preliminary evidence that supports the existence of the HLM effect. Further, positive terms of trade shocks have a positive and permanent effect on real GDP. [ABSTRACT FROM AUTHOR]

The financial and exchange rate crisis observed in Argentine at the end of 2001 showed the importance of understanding the factors that explain the evolution of the balance of payments and, in particular, of the current account. The objective of this work is to show recent developments in the theory of the current account and its application to the Argentine case. In the first place, short and long term correlations between national saving and domestic investment is considered through a model of a mechanism of correction of errors. Later, the paper analyzes the main shocks that affect to the current account in agreement with different theories. Finally, the paper shows the intertemporary approach of the current account. In this case, the paper considers a standard version of this approach and a model that makes flexible some of its main basic assumptions. [ABSTRACT FROM AUTHOR]

This paper shows the effects of uncertainty of economic growth and inflation on average rates of output growth and inflation, using quarterly data of Argentina, during the last three decades. The paper employs a GARCH-M model (VAKMA model) that permits to test diagonally and symmetry relationships between the variables. The results suggest that increased growth uncertainty is associated with significantly higher average output growth (theory of precautionary savings), while higher inflation uncertainty is correlated with lower average output growth (Okun, 1971, and Friedman, 1977, arguments). Both inflation and economic growth show evidence of significant asymmetric response to positive and negative shocks of equal magnitude. [ABSTRACT FROM AUTHOR]

This paper investigates the factors that have influenced the savings behaviour in the Argentine economy. First, the correlations between saving and investment over time are analysed (the Feldstein-Horioka puzzle). Second, the paper investigates the causality in Granger sense between private national saving and real product in VAR models. The paper uses annual data during the 1970-2004 period. [ABSTRACT FROM AUTHOR]