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Burbujas especulativas: el estado de una cuestión poco estudiada

Author

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  • Alberto Madrid

    (Departamento de Economía e Historia Económica, Universidad de Sevilla, Sevilla, España)

  • Luis A. Hierro

    (Departamento de Economía e Historia Económica, Universidad de Sevilla, Sevilla, España)

Abstract

Este trabajo examina la literatura sobre burbujas especulativas. En el mismo se incluyen tanto los trabajos teóricos, destinados a conocer el origen de las burbujas y sus consecuencias, como los trabajos empíricos, destinados fundamentalmente a definir procedimientos econométricos para la detección de burbujas y a aplicarlos. También repasamos la discusión sobre si es posible considerar racional el comportamiento de los agentes en situaciones de burbujas. Las principales conclusiones que obtenemos son que existe una clara separación entre los estudios teóricos y empíricos que ha impedido el avance de la investigación sobre burbujas y que esta se encuentra también muy limitada por la tendencia de los investigadores a mantener los modelos y supuestos de los estudios pioneros. Ambas razones nos hacen pensar que la investigación sobre burbujas tendrá un importante desarrollo en el futuro.

Suggested Citation

  • Alberto Madrid & Luis A. Hierro, 2015. "Burbujas especulativas: el estado de una cuestión poco estudiada," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 38(108), pages 123-138, Septiembr.
    • Handle: RePEc:cud:journl:v:38:y:2015:i:108:p:123-138
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    More about this item

    Keywords

    Burbujas; especulativas; Expectativas racionales; Mercados eficientes;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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