Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)

Autores:: Delgado Munevar, William Gilberto

Tipo de recurso:: Article of journal

Fecha de publicación:: 2026

Institución:: Universidad Pedagógica y Tecnológica de Colombia

Repositorio:: RiUPTC: Repositorio Institucional UPTC

Idioma:: spa

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dc.title.es-ES.fl_str_mv	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
title	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
spellingShingle	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025) Volatilidad condicional Contagio financiero Aerolíneas de bajo costo Modelos GARCH Incertidumbre global Choques internacionales Correlaciones dinámicas Transmisión de volatilidad Mercados emergentes Resiliencia financiera Conditional volatility Financial contagion Low-cost airlines GARCH models Global uncertainty International shocks Dynamic correlations Volatility transmission Emerging markets Financial resilience
title_short	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
title_full	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
title_fullStr	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
title_full_unstemmed	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
title_sort	Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)
dc.creator.fl_str_mv	Delgado Munevar, William Gilberto
dc.contributor.author.none.fl_str_mv	Delgado Munevar, William Gilberto
dc.subject.none.fl_str_mv	Volatilidad condicional Contagio financiero Aerolíneas de bajo costo Modelos GARCH Incertidumbre global Choques internacionales Correlaciones dinámicas Transmisión de volatilidad Mercados emergentes Resiliencia financiera Conditional volatility Financial contagion Low-cost airlines GARCH models Global uncertainty International shocks Dynamic correlations Volatility transmission Emerging markets Financial resilience
topic	Volatilidad condicional Contagio financiero Aerolíneas de bajo costo Modelos GARCH Incertidumbre global Choques internacionales Correlaciones dinámicas Transmisión de volatilidad Mercados emergentes Resiliencia financiera Conditional volatility Financial contagion Low-cost airlines GARCH models Global uncertainty International shocks Dynamic correlations Volatility transmission Emerging markets Financial resilience
publishDate	2026
dc.date.accessioned.none.fl_str_mv	2026-07-06 16:51:56
dc.date.available.none.fl_str_mv	2026-07-06 16:51:56
dc.date.issued.none.fl_str_mv	2026-07-06
dc.type.spa.fl_str_mv	Artículo de revista
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dc.type.local.eng.fl_str_mv	Journal article
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dc.identifier.issn.none.fl_str_mv	0120-3053
dc.identifier.doi.none.fl_str_mv	10.19053/uptc.01203053.v45.n82.2026.20418
dc.identifier.eissn.none.fl_str_mv	2256-5779
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dc.language.iso.spa.fl_str_mv	spa
language	spa
dc.relation.references.spa.fl_str_mv	Aloui, R., Ben Aïssa, M. S., & Nguyen, D. K. (2011). Global Financial Crisis, Extreme Interdependences, and Contagion Effects: The Role of Economic Structure. Journal of International Financial Markets, Institutions and Money, 21(1), 167–179. https://doi.org/10.1016/j.intfin.2010.06.005 Antonakakis, N., Chatziantoniou, I., & Gabauer, D. (2020). Refined Measures of Dynamic Connectedness Based on Time-Varying Parameter Vector Autoregressive Models. Journal of Risk and Financial Management, 13(4), 84. https://doi.org/10.3390/jrfm13040084 Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring Economic Policy Uncertainty. The Quarterly Journal of Economics, 131(4), 1593–1636. https://doi.org/10.1093/qje/qjw024 Batten, J. A., Kinateder, H., Szilagyi, P. G., & Wagner, N. F. (2021). Hedging Stocks with Oil. Energy Economics, 93, 104422. https://doi.org/10.1016/j.eneco.2019.06.007 Baumeister, C., & Kilian, L. (2016). Understanding the Decline in the Price of Oil since June 2014. Journal of the Association of Environmental and Resource Economists, 3(1), 131–158. https://doi.org/10.1086/684160 Bekaert, G., Ehrmann, M., Fratzscher, M., & Mehl, A. (2014). The Global Crisis and Equity Market Contagion. The Journal of Finance, 69(6), 2597–2649. https://doi.org/10.1111/jofi.12203 Bollerslev, T. (1986). Generalized Autoregressive Conditional Heteroskedasticity. Journal of Econometrics, 31(3), 307–327. https://doi.org/10.1016/0304-4076(86)90063-1 Caggiano, G., Castelnuovo, E., & Figueres, J. M. (2017). Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach. Economics Letters, 151, 31–34. https://doi.org/10.1016/j.econlet.2016.12.002 Calvo, G. A., & Mendoza, E. G. (2000). Rational Contagion and the Globalization of Securities Markets. Journal of International Economics, 51(1), 79–113. https://doi.org/10.1016/S0022-1996(99)00038-0 Chiang, T. C., Jeon, B. N., & Li, H. (2007). Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets. Journal of International Money and Finance, 26(7), 1206–1228. https://doi.org/10.1016/j.jimonfin.2007.06.005 Diebold, F. X., & Yilmaz, K. (2012). Better to Give than to Receive: Predictive Directional Measurement of Volatility Spillovers. International Journal of Forecasting, 28(1), 57–66. https://doi.org/10.1016/j.ijforecast.2011.02.006 Diebold, F. X., & Yilmaz, K. (2014). On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms. Journal of Econometrics, 182(1), 119–134. https://doi.org/10.1016/j.jeconom.2014.04.012 Engle, R. F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica, 50(4), 987–1007. https://doi.org/10.2307/1912773 Engle, R. F. (2002). Dynamic Conditional Correlation: A Simple Class of Multivariate Generalized Autoregressive Conditional Heteroskedasticity Models. Journal of Business & Economic Statistics, 20(3), 339–350. https://doi.org/10.1198/073500102288618487 Engle, R. F., & Rangel, J. G. (2008). The Spline-GARCH Model for Low-Frequency Volatility and Its Global Macroeconomic Causes. The Review of Financial Studies, 21(3), 1187–1222. https://doi.org/10.1093/rfs/hhn004 Glosten, L. R., Jagannathan, R., & Runkle, D. E. (1993). On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks. The Journal of Finance, 48(5), 1779–1801. https://doi.org/10.1111/j.1540-6261.1993.tb05128.x Harvey, A. C. (1990). The Econometric Analysis of Time Series (2nd ed.). MIT Press. Ludvigson, S. C., Ma, S., & Ng, S. (2021). Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? American Economic Journal: Macroeconomics, 13(4), 369–410. https://doi.org/10.1257/mac.20190171 Maneenop, S., & Kotcharin, S. (2020). The Impacts of COVID-19 on the Global Airline Industry: An Event Study Approach. Journal of Air Transport Management, 89, 101920. https://doi.org/10.1016/j.jairtraman.2020.101920 Nelson, D. B. (1991). Conditional Heteroskedasticity in Asset Returns: A New Approach. Econometrica, 59(2), 347–370. https://doi.org/10.2307/2938260 Zakoian, J.-M. (1994). Threshold Heteroskedastic Models. Journal of Economic Dynamics and Control, 18(5), 931–955. https://doi.org/10.1016/0165-1889(94)90039-6
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dc.relation.citationvolume.eng.fl_str_mv	45
dc.relation.ispartofjournal.eng.fl_str_mv	Apuntes del Cenes
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dc.rights.spa.fl_str_mv	William Gilberto Delgado Munevar - 2026
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spelling	Delgado Munevar, William Gilberto2026-07-06 16:51:562026-07-06 16:51:562026-07-060120-305310.19053/uptc.01203053.v45.n82.2026.204182256-5779https://doi.org/10.19053/uptc.01203053.v45.n82.2026.20418application/pdfspaUniversidad Pedagógica y Tecnológica de ColombiaWilliam Gilberto Delgado Munevar - 2026http://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessThis work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.http://purl.org/coar/access_right/c_abf2https://revistas.uptc.edu.co/index.php/cenes/article/view/20418Volatilidad condicionalContagio financieroAerolíneas de bajo costoModelos GARCHIncertidumbre globalChoques internacionalesCorrelaciones dinámicasTransmisión de volatilidadMercados emergentesResiliencia financieraConditional volatilityFinancial contagionLow-cost airlinesGARCH modelsGlobal uncertaintyInternational shocksDynamic correlationsVolatility transmissionEmerging marketsFinancial resilienceTransmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)Artículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/articleJournal articleinfo:eu-repo/semantics/publishedVersionTexthttp://purl.org/coar/version/c_970fb48d4fbd8a85Aloui, R., Ben Aïssa, M. S., & Nguyen, D. K. (2011). Global Financial Crisis, Extreme Interdependences, and Contagion Effects: The Role of Economic Structure. Journal of International Financial Markets, Institutions and Money, 21(1), 167–179. https://doi.org/10.1016/j.intfin.2010.06.005Antonakakis, N., Chatziantoniou, I., & Gabauer, D. (2020). Refined Measures of Dynamic Connectedness Based on Time-Varying Parameter Vector Autoregressive Models. Journal of Risk and Financial Management, 13(4), 84. https://doi.org/10.3390/jrfm13040084Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring Economic Policy Uncertainty. The Quarterly Journal of Economics, 131(4), 1593–1636. https://doi.org/10.1093/qje/qjw024Batten, J. A., Kinateder, H., Szilagyi, P. G., & Wagner, N. F. (2021). Hedging Stocks with Oil. Energy Economics, 93, 104422. https://doi.org/10.1016/j.eneco.2019.06.007Baumeister, C., & Kilian, L. (2016). Understanding the Decline in the Price of Oil since June 2014. Journal of the Association of Environmental and Resource Economists, 3(1), 131–158. https://doi.org/10.1086/684160Bekaert, G., Ehrmann, M., Fratzscher, M., & Mehl, A. (2014). The Global Crisis and Equity Market Contagion. The Journal of Finance, 69(6), 2597–2649. https://doi.org/10.1111/jofi.12203Bollerslev, T. (1986). Generalized Autoregressive Conditional Heteroskedasticity. Journal of Econometrics, 31(3), 307–327. https://doi.org/10.1016/0304-4076(86)90063-1Caggiano, G., Castelnuovo, E., & Figueres, J. M. (2017). Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach. Economics Letters, 151, 31–34. https://doi.org/10.1016/j.econlet.2016.12.002Calvo, G. A., & Mendoza, E. G. (2000). Rational Contagion and the Globalization of Securities Markets. Journal of International Economics, 51(1), 79–113. https://doi.org/10.1016/S0022-1996(99)00038-0Chiang, T. C., Jeon, B. N., & Li, H. (2007). Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets. Journal of International Money and Finance, 26(7), 1206–1228. https://doi.org/10.1016/j.jimonfin.2007.06.005Diebold, F. X., & Yilmaz, K. (2012). Better to Give than to Receive: Predictive Directional Measurement of Volatility Spillovers. International Journal of Forecasting, 28(1), 57–66. https://doi.org/10.1016/j.ijforecast.2011.02.006Diebold, F. X., & Yilmaz, K. (2014). On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms. Journal of Econometrics, 182(1), 119–134. https://doi.org/10.1016/j.jeconom.2014.04.012Engle, R. F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica, 50(4), 987–1007. https://doi.org/10.2307/1912773Engle, R. F. (2002). Dynamic Conditional Correlation: A Simple Class of Multivariate Generalized Autoregressive Conditional Heteroskedasticity Models. Journal of Business & Economic Statistics, 20(3), 339–350. https://doi.org/10.1198/073500102288618487Engle, R. F., & Rangel, J. G. (2008). The Spline-GARCH Model for Low-Frequency Volatility and Its Global Macroeconomic Causes. The Review of Financial Studies, 21(3), 1187–1222. https://doi.org/10.1093/rfs/hhn004Glosten, L. R., Jagannathan, R., & Runkle, D. E. (1993). On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks. The Journal of Finance, 48(5), 1779–1801. https://doi.org/10.1111/j.1540-6261.1993.tb05128.xHarvey, A. C. (1990). The Econometric Analysis of Time Series (2nd ed.). MIT Press.Ludvigson, S. C., Ma, S., & Ng, S. (2021). Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? American Economic Journal: Macroeconomics, 13(4), 369–410. https://doi.org/10.1257/mac.20190171Maneenop, S., & Kotcharin, S. (2020). The Impacts of COVID-19 on the Global Airline Industry: An Event Study Approach. Journal of Air Transport Management, 89, 101920. https://doi.org/10.1016/j.jairtraman.2020.101920Nelson, D. B. (1991). Conditional Heteroskedasticity in Asset Returns: A New Approach. Econometrica, 59(2), 347–370. https://doi.org/10.2307/2938260Zakoian, J.-M. (1994). Threshold Heteroskedastic Models. Journal of Economic Dynamics and Control, 18(5), 931–955. https://doi.org/10.1016/0165-1889(94)90039-62748224945Apuntes del Ceneshttps://revistas.uptc.edu.co/index.php/cenes/article/download/20418/17443PublicationOREORE.xmltext/xml2636https://repositorio.uptc.edu.co/bitstreams/31939a96-256d-4cf4-942d-8175de8289cb/download41858ff89cfb2f2660cc29883da06dedMD51falseAnonymousREAD001/22872oai:repositorio.uptc.edu.co:001/228722026-10-30 06:53:38.04http://creativecommons.org/licenses/by-nc-sa/4.0metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCbdigital@metabiblioteca.com

Transmisión, asimetría y choques globales en el transporte aéreo de América Latina y Estados Unidos (2013-2025)

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