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Fuentes de fluctuación sectorial de la economía española

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Author Info

  • Juan R. Cuadrado
  • Álvaro Ortíz

Abstract

Este artículo analiza la descomposición en los componentes permanente y transitorio a nivel sectorial para el caso de la economía española mediante un modelo de vectores autorregresivos estructural (SVAR). Los resultados muestran que existen diferencias, en algunos casos significativas, en la industria y los servicios. Mientras que la actividad industrial parece estar dirigida por factores de oferta, en los servicios ocurre lo contrario. Sin embargo, los precios del sector terciario están determinados, sobre todo a corto plazo, en su mayor parte por factores de oferta (mientras que en la industria este patrón no es tan acentuado) por lo que se hace necesaria la liberalización de estas actividades para aumentar la eficacia de la política monetaria en materia de precios. Los resultados apoyan aquellos trabajos que inciden en la existencia de diversos shocks como origen de las fluctuaciones de la economía española. No obstante, dado el mayor porcentaje relativo del sector servicios, también son consistentes con las explicaciones que resaltan el papel predominante de los shocks de demanda.

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File URL: http://www2.uah.es/iaes/publicaciones/DT_03_99.pdf
File Function: First version, 1999
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Bibliographic Info

Paper provided by Instituto Universitario de Análisis Económico y Social in its series Working Papers with number 03/99.

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Length: 22 pages
Date of creation: May 1999
Date of revision:
Handle: RePEc:uae:wpaper:0399

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Related research

Keywords: SVAR; industria y servicios; componentes permanente y transitorio;

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