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Determinantes de la Rentabilidad de Fondos de Inversión en Bolivia

Author

Listed:
  • Alejandro Vargas Sánchez

    (Universidad Privada Boliviana)

Abstract

En el presente documento se desarrolla un análisis empírico de los factores determinantes de la rentabilidad de los Fondos de Inversión en Bolivia. A través de la estimación de un modelo de Vectores Auto Regresivos con datos de Panel y Vectores Auto Regresivos Estructurales, con datos mensuales de 36 fondos de inversión para el periodo 2012-2016, se identifican las interdependencias dinámicas entre variables económicas y el rendimiento de los Fondos de Inversión. Los resultados muestran que el incremento en la tasa de interés de depósitos a plazo fijo, la reducción en la liquidez de entidades financieras, el aumento de la actividad económica y la disminución de la inflación, tienen un efecto positivo sobre la rentabilidad de los fondos de inversión. De las variables mencionadas, la más influyente es la inflación.

Suggested Citation

  • Alejandro Vargas Sánchez, 2018. "Determinantes de la Rentabilidad de Fondos de Inversión en Bolivia," Investigación & Desarrollo 0218, Universidad Privada Boliviana, revised Nov 2018.
  • Handle: RePEc:iad:wpaper:0218
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    More about this item

    Keywords

    Rentabilidad; Fondos de Inversión; Vectores Auto Regresivos; Datos de Panel.;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies

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