Sources of Economic Fluctuations in Central America

Using panel data from Central America, this paper studies the determining factors of inflation and aggregate output fluctuations by estimating two Structural Vector Autoregressive (SVAR) models -- Price and output variables are included in one of the models, whereas M2 and the price of oil are addit...

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Autores:
Toledo, Wilfredo
Tipo de recurso:
Fecha de publicación:
2014
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/7810
Acceso en línea:
http://hdl.handle.net/10784/7810
Palabra clave:
E24
E42
Datos de panel
Modelos VAR
Datos de panel
Modelos SVAR
CICLOS ECONÓMICOS
INFLACIÓN
AMÉRICA CENTRAL - CONDICIONES ECONÓMICAS
Business cycles
Inflation (finance)
Central america - economic conditions
Rights
License
Acceso abierto
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spelling 2014-06-302015-11-30T15:57:14Z2014-06-302015-11-30T15:57:14Z1657-4206http://hdl.handle.net/10784/7810Using panel data from Central America, this paper studies the determining factors of inflation and aggregate output fluctuations by estimating two Structural Vector Autoregressive (SVAR) models -- Price and output variables are included in one of the models, whereas M2 and the price of oil are additional variables in the other one -- Findings of this study suggest that price is determined by the demand, while output seems to be influenced mainly by the supply shocks in that area -- It was also evidenced that the price of oil does not have a significant impact on the general price level in that regionEste artículo estudia los determinantes de las fluctuaciones que se observan en la inflación y la producción agregada -- Para examinar ese tema se estimaron dos sistemas de vectores autorregresivos estructurales (SVAR) utilizando datos de panel de América Central -- Uno de los modelos incluye los precios y la producción, mientras que el otro añade M2 y el precio del petróleo a ese sistema -- Los resultados de los análisis sugieren que los precios en esa región se determinan por el lado de la demanda, mientras que la producción parece depender principalmente de impulsos de oferta -- Además, se encontró evidencia de que el precio del petróleo no afecta significativamente el nivel general de precios en dicha zonaapplication/pdfspaUniversidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 18, No 38 (2014); 5-35http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2512http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2512instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 18, No 38 (2014); 5-35E24E42Datos de panelModelos VARDatos de panelModelos SVARCICLOS ECONÓMICOSINFLACIÓNAMÉRICA CENTRAL - CONDICIONES ECONÓMICASBusiness cyclesInflation (finance)Central america - economic conditionsSources of Economic Fluctuations in Central AmericaFuentes de fluctuaciones económicas en América Centralinfo:eu-repo/semantics/articlearticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Acceso abiertohttp://purl.org/coar/access_right/c_abf2Toledo, WilfredoUniversidad de Puerto Rico, Recinto de Río Piedras.Ecos de Economía: A Latin American Journal of Applied Economics1838535ecos.econ.ORIGINALdocument (91).pdfdocument (91).pdfTexto completo PDFapplication/pdf544871https://repository.eafit.edu.co/bitstreams/97a92a20-0aa3-4e28-83d4-157c8b5d197a/downloade02c4948fbc3a247f75d85d428fdf638MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html377https://repository.eafit.edu.co/bitstreams/5f9c62ec-0174-429d-8084-ddb457bd2060/download1870f665120fd3265702b4ee36f68e06MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/dac4f99d-347d-4e58-8c75-91f993764f48/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/7810oai:repository.eafit.edu.co:10784/78102020-03-18 12:35:02.399open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Sources of Economic Fluctuations in Central America
dc.title.spa.fl_str_mv Fuentes de fluctuaciones económicas en América Central
title Sources of Economic Fluctuations in Central America
spellingShingle Sources of Economic Fluctuations in Central America
E24
E42
Datos de panel
Modelos VAR
Datos de panel
Modelos SVAR
CICLOS ECONÓMICOS
INFLACIÓN
AMÉRICA CENTRAL - CONDICIONES ECONÓMICAS
Business cycles
Inflation (finance)
Central america - economic conditions
title_short Sources of Economic Fluctuations in Central America
title_full Sources of Economic Fluctuations in Central America
title_fullStr Sources of Economic Fluctuations in Central America
title_full_unstemmed Sources of Economic Fluctuations in Central America
title_sort Sources of Economic Fluctuations in Central America
dc.creator.fl_str_mv Toledo, Wilfredo
dc.contributor.author.spa.fl_str_mv Toledo, Wilfredo
dc.contributor.affiliation.spa.fl_str_mv Universidad de Puerto Rico, Recinto de Río Piedras.
dc.subject.none.fl_str_mv E24
E42
Datos de panel
Modelos VAR
Datos de panel
Modelos SVAR
topic E24
E42
Datos de panel
Modelos VAR
Datos de panel
Modelos SVAR
CICLOS ECONÓMICOS
INFLACIÓN
AMÉRICA CENTRAL - CONDICIONES ECONÓMICAS
Business cycles
Inflation (finance)
Central america - economic conditions
dc.subject.lemb.none.fl_str_mv CICLOS ECONÓMICOS
INFLACIÓN
AMÉRICA CENTRAL - CONDICIONES ECONÓMICAS
dc.subject.keyword.none.fl_str_mv Business cycles
Inflation (finance)
Central america - economic conditions
description Using panel data from Central America, this paper studies the determining factors of inflation and aggregate output fluctuations by estimating two Structural Vector Autoregressive (SVAR) models -- Price and output variables are included in one of the models, whereas M2 and the price of oil are additional variables in the other one -- Findings of this study suggest that price is determined by the demand, while output seems to be influenced mainly by the supply shocks in that area -- It was also evidenced that the price of oil does not have a significant impact on the general price level in that region
publishDate 2014
dc.date.issued.none.fl_str_mv 2014-06-30
dc.date.available.none.fl_str_mv 2015-11-30T15:57:14Z
dc.date.accessioned.none.fl_str_mv 2015-11-30T15:57:14Z
dc.date.none.fl_str_mv 2014-06-30
dc.type.eng.fl_str_mv info:eu-repo/semantics/article
article
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http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.identifier.issn.none.fl_str_mv 1657-4206
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7810
identifier_str_mv 1657-4206
url http://hdl.handle.net/10784/7810
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.ispartof.eng.fl_str_mv Ecos de Economía: A Latin American Journal of Applied Economics; Vol 18, No 38 (2014); 5-35
dc.relation.isversionof.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2512
dc.relation.uri.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2512
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dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.source.none.fl_str_mv instname:Universidad EAFIT
reponame:Repositorio Institucional Universidad EAFIT
dc.source.eng.fl_str_mv Ecos de Economía: A Latin American Journal of Applied Economics; Vol 18, No 38 (2014); 5-35
instname_str Universidad EAFIT
institution Universidad EAFIT
reponame_str Repositorio Institucional Universidad EAFIT
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