Restricción de balanza de pagos y vulnerabilidad externa en la argentina de los noventa. Un análisis de caso
Abstract
En el presente trabajo se aplica el modelo de restricción de balanza de pagos de Thirlwall a la economía argentina en el periodo 1968-2003 y en subperiodos seleccionados. Los objetivos centrales son dos. En primer lugar, a través de dicho modelo indagar en las causas del lento crecimiento económico en Argentina en dicho periodo y, en segundo lugar, en analizar las causas de la reciente crisis de 2002 a luz de los resultados obtenidos. Mediante técnicas econométricas de cointegración llegamos a la conclusión de que el modelo de restricción de balanza de pagos perrmite explicar los objetivos centrales propuestos. In this paper, we applied balance of payments constraint model by Thirlwall to the Argentine economy in 1968-2003 period. Central aims are two: first, to inquiry in the demand causes of the slow economic growth of the Argentine economy in the period and, second, to analyse demand factors of the last and deep crises in 2002. By using cointegration techniques we show that balance of payments constraint model permit us to explain our central goals in this work.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 210.Length:
Date of creation: 2005
Date of revision: 2005
Handle: RePEc:pra:mprapa:210
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Related research
Keywords: restricción de balanza de pagos; modelo de Thirlwall; cointegración;Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- F31 - International Economics - - International Finance - - - Foreign Exchange
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-21 (All new papers)
- NEP-FMK-2006-10-21 (Financial Markets)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Anthony Philip Thirlwall, 1979.
"The Balance of Payments Constraint as an Explanation of International Growth Rate Differences,"
BNL Quarterly Review,
Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
- A. P. Thirlwall, 2011.
"Balance of Payments Constrained Growth Models: History and Overview,"
Studies in Economics
1111, Department of Economics, University of Kent.
- Anthony P. Thirlwall, 2011. "Balance of payments constrained growth models: history and overview," PSL Quarterly Review, Economia civile, vol. 64(259), pages 307-351.
- Dolado, Juan José & Jenkinson, Tim & Sosvilla-Rivero, Simón, 1990.
"Cointegration and Unit Roots,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/3321, Universidad Carlos III de Madrid.
- Dolado, Juan J & Jenkinson, Tim & Sosvilla-Rivero, Simon, 1990. " Cointegration and Unit Roots," Journal of Economic Surveys, Wiley Blackwell, vol. 4(3), pages 249-73.
- MacKinnon, James G, 1996.
"Numerical Distribution Functions for Unit Root and Cointegration Tests,"
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John Wiley & Sons, Ltd., vol. 11(6), pages 601-18, Nov.-Dec..
- James G. MacKinnon, 1995. "Numerical Distribution Functions for Unit Root and Cointegration Tests," Working Papers 918, Queen's University, Department of Economics.
- Penelope Pacheco-López & A.P. Thirlwall, 2004. "Trade Liberalisation in Mexico: Rhetoric and Reality," Studies in Economics 0403, Department of Economics, University of Kent.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Arevilca Vasquez, Bismarck Javier & Risso Charquero, Adrian Winston, 2007.
"Balance of payments constrained growth model: evidence for Bolivia 1953-2002,"
MPRA Paper
5645, University Library of Munich, Germany.
- Arevilca Vasquez, Bismarck Javier & Risso Charquero, Adrian Winston, 2007. "Balance of Payments Constrained Growth Model: Evidence for Bolivia 1953-2002," MPRA Paper 5685, University Library of Munich, Germany.
- Ochoa Jiménez, Diego, 2010.
"Crecimiento Económico y Sector Externo en la Economía Ecuatoriana
[Economic Growth and the External Sector in Ecuador’s Economy]," MPRA Paper 40422, University Library of Munich, Germany.
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