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Determinantes de la volatilidad en el producto: evidencia empírica

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  • Pamela Góngora Salazar

Abstract

En este trabajo se busca estudiar los efectos del grado de apertura al comercio internacionaly del nivel de profundizaci´on de los mercados financieros sobre la volatilidaddel producto. Para lo anterior, se estima un panel para un conjunto de 39 pa´ıses duranteel periodo 1977-2007. Los resultados del ejercicio emp´ırico sugieren que el grado deapertura al comercio mundial parece no tener un efecto significativo sobre las volatilidaddel producto, mientras un mayor grado de desarrollo del sistema financiero reducesignificativamente la volatilidad en el agregado.

Suggested Citation

  • Pamela Góngora Salazar, 2010. "Determinantes de la volatilidad en el producto: evidencia empírica," Vniversitas Económica 8297, Universidad Javeriana - Bogotá.
    • Handle: RePEc:col:000416:008297
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    More about this item

    Keywords

    Volatilidad del producto; Apertura al Comercio Internacional; Profundización del Sistema Financiero; Datos Panel.;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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