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Comportamiento de los precios reales de la tierra agrícola en la Argentina y en los Estados Unidos, 1960-2012

Listed author(s):
  • Luis N. Lanteri

    (Universidad Nacional del Rosario. Argentina.)

La reciente crisis financiera internacional ha resaltado el papel desempeñado por los precios de los activos reales en las fluctuaciones macroeconómicas de las economías avanzadas. Este trabajo analiza los efectos de algunos choques externos y domésticos en los precios reales de la tierra agrícola en la economía Argentina y se comparan los resultados con lo observado en los Estados Unidos. A tal efecto, se emplean modelos de VEC (vector de corrección de errores) y datos anuales que cubren el período 1960-2012. Los resultados de las estimaciones muestran que el PIB real sería el factor más relevante para explicar la volatilidad en los precios de la tierra en la Argentina, en contraste con los Estados Unidos donde la tasa de interés real sería el factor más destacado. En las estimaciones se incluyen también otros choques macroeconómicos (precios internacionales reales de las materias primas agropecuarias, índice general de precios, tipo de cambio real) a efectos de explicar la variabilidad en los precios reales de dichos activos.

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Article provided by Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna in its journal Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016).

Volume (Year): 2 (2013)
Issue (Month): (December)
Pages: 1-1

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Handle: RePEc:eac:articl:11/12
Contact details of provider: Web page: http://www.economistascoruna.org/eawp/

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