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Efectos de la liberalizacion financiera sobre el comercio exterior: Modelo gravitacional de Latinoamerica, 1995-99

  • Lewer, J.J.
  • Saenz, M.

El propósito de este artículo es probar empíricamente el impacto de la liberación de capital sobre el flujo del intercambio bilateral de bienes y servicios. Se empleó un modelo de gravedad extendido para veinte países latinoamericanos para un periodo comprendido entre 1995 y 1999. Los resultados indican que una reducción del 10 por ciento en regulación de los flujos de capital realza el comercio internacional aproximadamente en 1 por ciento en la muestra tomada. Los resultados empíricos crecieron substancialmente más fuertes y significativos durante el periodo de cinco años, indicando la importancia creciente de la liberación financiera después de las crisis económicas ocurridas en México y Brasil.

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

Volume (Year): 4 (2004)
Issue (Month): 2 ()
Pages:

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Handle: RePEc:eaa:eedein:v:4:y2004:i:4_6
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