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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Divino, Jose Angelo - Pereira, Luis Felipe Vital Nunes |
| Título: | Are increases in government spending neutral? Evidence from Latin-American households |
| Fuente: | Journal of Applied Economics. v.16, n.1. Universidad del CEMA |
| Páginas: | pp. 101-120 |
| Año: | May 2013 |
| Resumen: | Using a dynamic optimization model, Ricardian Equivalence (RE) is empirically tested for Argentina, Brazil, Chile and Mexico. The system of equations obtained in the theoretical model is solved using Generalized Method of Moments and Full Information Maximum Likelihood. Results indicate that the null hypothesis concerning RE cannot be rejected for Argentina, Brazil, and Chile but is strongly rejected for Mexico. Therefore, when the fiscal authority seeks to stimulate economic activity by means of tax reductions and increases in government spending, the outstanding effect might be only a rise in private savings for the first three countries. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Divino, Jose Angelo - Teles, Vladimir Kuhl - Pinto de Andrade, Joaquim - |
| Título: | On the purchasing power parity for Latin-American countries |
| Fuente: | Journal of Applied Economics. v.12, n.1. Universidad del CEMA |
| Páginas: | pp. 33-54 |
| Año: | May 2009 |
| Resumen: | This paper tests the hypothesis of long-run purchasing power parity (PPP) for all Latin American countries. Those countries share characteristics as high inflation, nominal shocks, and trade openness which might have led to quicker adjustment in relative prices and contributed for PPP to hold. New time series unit root tests give evidence of stationary real exchange rates for the vast majority of countries. In the panel data framework, tests for the null of unit root, null of stationarity, and unit root under multiple structural breaks indicate that the pooled real exchange rate is stationary. Thus, the results provide convincing evidence that PPP holds in Latin-America in the post-1980 period. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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