Sobre la independencia de los flujos de inversión extranjera de cartera y el crecimiento económico en México Reportar como inadecuado




Sobre la independencia de los flujos de inversión extranjera de cartera y el crecimiento económico en México - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

This paper carries out an analysis of cointegration between economic growth and the dynamics of the flows of foreign portfolio investment FPI in Mexico. Empirical evidence shows, through a VAR model and Granger causality tests, that flows coming from the FPI have no significant effect on the rate of growth of the Mexican economy and vice versa. Also, through an analysis of impulse-response functions, we find that the response of the quarterly growth rate of GDP to a shock impulse in the FPI is very low; vanishing in a few quarters. Also, the response of the FPI to a shock in itself and the GDP growth declines soon. Finally, we show, using a GARCH model, that the volatility of these flows does not affect the dynamics of the GDP growth rate in Mexico.



Item Type: MPRA Paper -

Original Title: Sobre la independencia de los flujos de inversión extranjera de cartera y el crecimiento económico en México-

English Title: On the independence of foreign portfolio investment flows and economic growth-

Language: Spanish-

Keywords: Foreign portfolio investment, economic growth, VAR models.-

Subjects: F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements-





Autor: López-Herrera, Francisco

Fuente: https://mpra.ub.uni-muenchen.de/57550/







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