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Determinantes del comercio internacional en tiempos de crisis

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  • Soledad Zignago

Abstract

El colapso del comercio mundial que siguio a la debacle financiera de Lehman Brothers fue severo, generalizado, repentino y sincronizado. Su principal explicacion reside en la composicion del comercio internacional: los bienes de capital e intermedios, que representan el 70 % del total, son tambien los mas sensibles a cambios de expectativas de la demanda y los mas dependientes de la financiacion externa. La introduccion del credito en una estimacion de tipo gravitatoria muestra que su impacto como determinante de los flujos comerciales bilaterales es menor que el de la demanda, y ha sido incluso menor durante la crisis.

Suggested Citation

  • Soledad Zignago, 2010. "Determinantes del comercio internacional en tiempos de crisis," Working Papers 1016, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1016
    as

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    References listed on IDEAS

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    JEL classification:

    • F1 - International Economics - - Trade

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