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Volatilidad de los flujos de capital hacia los países en desarrollo: evidencia para América Latina, 1970-2002

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Remberto Rhenals ()
Alejandro Torres
Abstract

Resumen: La dinámica de los flujos de capital hacia los países en desarrollo en las últimas décadas, ha puesto nuevamente en el centro del debate la discusión sobre sus beneficios y costos. El objetivo del presente artículo es analizar el comportamiento de los flujos de capital entre 1970 y 2002, su grado de volatilidad y sus efectos sobre el desempeño macroeconómico de América Latina. La volatilidad se mide mediante el coeficiente de variación, que se calcula de dos formas. Los resultados muestran que la volatilidad de los flujos de capital y del crecimiento de la región no parece haber aumentado, pese a la gran importancia adquirida por los flujos privados de capital desde principios de los noventa.

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Paper provided by UNIVERSIDAD DE ANTIOQUIA - CIE in its series Lecturas de Economia with number 004652.

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Length: 9
Date of creation: 05 Dec 2007
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Handle: RePEc:col:000174:004652

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