Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/191964 
Autor:innen: 
Erscheinungsjahr: 
2017
Quellenangabe: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 2 [Publisher:] Colegio de Economistas de A Coruña [Place:] A Coruña [Year:] 2017
Verlag: 
Colegio de Economistas de A Coruña, A Coruña
Zusammenfassung (übersetzt): 
This paper investigates the impact of external price shocks on private consumption and investment and the sources of fluctuations in these variables, in the case of Argentina, employing structural VEC models (Structural Vector Error Correction) and quarterly data, covering the period 1993Q1-2017Q1. To that end, short and long-terms restrictions are imposed and five structural shocks are identified: terms of trade, consumption, investment, real exchange rate and unemployment rates. The results show, that both consumption and investment, respond positively and permanently to the external price shocks and are influenced positively each other: investment has a positive effect on private consumption and total consumption impacts on investment positively. A real exchange rate depreciated would have a negative effect on private consumption and investment, in the short term.
Schlagwörter: 
terms of trade
consumption
investment
SVEC models
Argentina
JEL: 
C3
F41
Dokumentart: 
Article

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