Balance of paymemts constraint in Argentine economic developmentA new economic cycle driven by commodities?

  1. David Matesanz 1
  2. María José Presno Casquero 1
  1. 1 Universidad de Oviedo
    info

    Universidad de Oviedo

    Oviedo, España

    ROR https://ror.org/006gksa02

Revista:
Revista de economía mundial

ISSN: 1576-0162

Año de publicación: 2015

Número: 41

Páginas: 213-236

Tipo: Artículo

DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

Otras publicaciones en: Revista de economía mundial

Resumen

En este trabajo se analiza la restricción de balanza de pagos en la economía argentina durante el periodo 2002-2011. Empleando técnicas de cointegración se valida el conocido modelo de Thirlwall (1979) tanto para el conjunto del comercio exterior como, específicamente, para los productos básicos. El objetivo es, por tanto, analizar la vulnerabilidad externa a través de la evolución de la restricción de balanza de pagos post-convertibilidad y el papel que las commodities, cuyos precios han mostrado máximos históricos a finales de la década pasada, han jugado en dicha restricción. Los resultados confirman el relajamiento de la restricción externa, cuando la comparamos con etapas anteriores del desarrollo argentino, y el papel central de las exportaciones de commodities.

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