Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146602
Authors: 
Lanteri, Luis N.
Year of Publication: 
2015
Citation: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 2 [Year:] 2015 [Pages:] 1-21
Abstract (Translated): 
This paper analyzes the link between the current account and the terms of trade, in the case of Argentina's economy. SVAR models with long-term restrictions and annual data covering the period 1986-2014 are used. The response functions suggest a positive reaction from the current account to shocks in the terms of trade (short term), supporting the existence of the Harberger-Laursen-Metzler (HLM) effect, while variance decomposition shows that the terms of trade account for about 18% of the variance of the current account, result similar to other developing countries
Subjects: 
current account
terms of trade
Harberger-Laursen-Metzler (HLM) effect
SVAR models
JEL: 
C3
F32
Document Type: 
Article

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