Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191970
Authors: 
Lanteri, Luis N.
Year of Publication: 
2018
Citation: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 1 [Year:] 2018
Abstract (Translated): 
The aim of this paper is to identify the different shocks that could affect the current account in the argentine case, such as the terms of trade (the Harberger-Laursen-Metzler effect- HLM), supply shocks (productivity), demand shocks (real exchange rate and public consumption /current GDP) and the shocks on the production side of the economy. SVAR models with long-term restrictions and quar terly data covering the period 1994-2018 are used. The results of the impulse-response functions suggest the existence of the HLM effect for this country. Shocks in the terms of trade would initially affect to the current account positively, as the improvements in t he productivity and in the public saving (lower consumption).
Subjects: 
current account
terms of trade
Harb erger-Laursen-Metzler (HLM) effect
productivity
public consumption
SVAR models
JEL: 
C3
E62
F32
F41
Document Type: 
Article
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