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

Author

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  • Lewer, J.J.
  • Saenz, M.

Abstract

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.

Suggested Citation

  • Lewer, J.J. & Saenz, M., 2004. "Efectos de la liberalizacion financiera sobre el comercio exterior: Modelo gravitacional de Latinoamerica, 1995-99," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 4(2).
    • Handle: RePEc:eaa:eedein:v:4:y2004:i:4_6
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Artículos de acceso gratuito sobre desarrollo latinoamericano publicados en la revista EEDI de la Asociación Euro-Americana
      by Euro American Association EAAEDS in Asociación de Estudios Euro-Americanos: Desarrollo internacional de América, Europa y otras áreas on 2009-06-30 20:40:00
    2. 38. Economía y Difusión Social (EDS): Asepelt y América
      by MCG Blogs de Economía in Asociación de Estudios Euro-Americanos: Desarrollo internacional de América, Europa y otras áreas on 2019-11-06 18:13:00
    3. 43. Artículos en español, sobre América Latina y otras áreas, en la revista EEDI, 2001-2010, e informes posteriores
      by MCG Blogs de Economía in Asociación de Estudios Euro-Americanos: Desarrollo internacional de América, Europa y otras áreas on 2020-11-10 11:20:00

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    More about this item

    Keywords

    Política en la Cuenta de Capital; Comercio Internacional; Modelo de Gravedad;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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