Advanced Search
MyIDEAS: Login

Determinantes De Los Flujos Netos De Capital. Alguna Evidencia Para La Economia Argentina

Contents:

Author Info

  • LANTERI, Luis N.
Registered author(s):

    Abstract

    El objetivo de este trabajo es investigar los determinantes de los flujos netos de capital para el caso de la economía Argentina. Se plantea un modelo de VEC estructural (SVEC) en relación con las causas de los flujos netos de capital y se emplean funciones de impulso-respuesta y análisis de descomposición de la varianza para determinar la reacción dinámica de los shocks de expulsión y atracción de estos flujos. A su vez, se evalúan los principales efectos de los flujos de capital y en particular sobre el producto doméstico y el tipo de cambio real. Los modelos estimados, que utilizan datos trimestrales para el período 1991:1-2008:4, muestran que los shocks en el producto y en las tasas de interés externas, así como los shocks de productividad domésticos y el riesgo país serían las fuerzas más importantes para explicar las variaciones de los flujos netos de capital hacia este país. The aim of this paper is to investigate the determinants of net capital flows to Argentine’s economy. An structural VEC model (SVEC) in relation with the causes of capital flows is developed, and impulse response and variance decomposition analyses are used to determine the dynamic reaction of shocks to push and pull factors on net capital flows. In turn, the paper evaluates the main effects of capital flows and particularly on the domestic product and the real exchange rate. Estimating of the models using quarterly data for the period 1991:1-2008:4 show that shocks to foreign output, international interest rates, domestic productivity and country risk would be the most important forces explaining the variations in net capital flows to this country.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.usc.es/~economet/journals/eedi/eedi1013.pdf
    Download Restriction: Usually restricted to subscribers. Free on line subscription for universities from Latin America and other countries: Information at http://www.usc.es/economet/info.htm

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Euro-American Association of Economic Development in its journal Estudios Economicos de Desarrollo Internacional.

    Volume (Year): 10 (2010)
    Issue (Month): 1 ()
    Pages: 57-84

    as in new window
    Handle: RePEc:eaa:eedein:v:10:y2010:i:10_3

    Contact details of provider:
    Web page: http://www.usc.es/economet/eaa.htm

    Order Information:
    Email:
    Web: http://www.usc.es/economet/info.htm

    Related research

    Keywords: Flujos netos de capital; Factores de expulsión y de atracción; Modelos de SVEC; Net capital flows; Push and Pull factors; SVEC models.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eaa:eedein:v:10:y2010:i:10_3

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.