Macroeconometric modeling of saving and investment for Mercosur countries

In the long run, the present value of current account balance cannot grow indefinitely large without precipitating in a macroeconomic crisis. This simple insight produces an econometrically testable relationship between saving and investment. We use data for four countries, which belong to the MERCO...

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Detalhes bibliográficos
Autores: Sinha, Tapen, Sinha, Dipendra
Formato: artículo
Estado:Versión publicada
Fecha de publicación:1998
País:México
Recursos:EL COLEGIO DE MÉXICO
Repositorio:Estudios Económicos de El Colegio de México
Idioma:inglés
OAI Identifier:oai:oai.estudioseconomicos.colmex.mx:article/241
Acesso em linha:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/241
Access Level:acceso abierto
Palavra-chave:Mercosur
macroeconomic crisis
econometrics
saving and investment
crisis macroeconómica
econometría
ahorro e inversión
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spelling Macroeconometric modeling of saving and investment for Mercosur countriesModelización macroeconométrica del ahorro y la inversión para los países del MercosurSinha, TapenSinha, DipendraMercosurmacroeconomic crisiseconometricssaving and investmentMercosurcrisis macroeconómicaeconometríaahorro e inversiónIn the long run, the present value of current account balance cannot grow indefinitely large without precipitating in a macroeconomic crisis. This simple insight produces an econometrically testable relationship between saving and investment. We use data for four countries, which belong to the MERCOSUR Common Trade Agreement: Argentina Brazil Paraguay and Uruguay. The results indicate that there is no long run relationship between saving and investment in these countries. Thus MERCOSUR IS likely to act as a palliative against such a possibility in the future.En el largo plazo, el valor actual del balance de la cuenta corriente no puede ser indefinidamente grande sin caer en una crisis macroeconómica. Este hecho genera una hipótesis econométrica entre el ahorro y la inversión. Utilizamos datos de cuatro países del MERCOSUR: Argentina, Brasil, Paraguay y Uruguay. Los resultados indican que no hubo relación entre el ahorro y la inversión en estos países en el largo plazo durante 1950-1992. Así, es probable que MERCOSUR actué como paliativo contra tal posibilidad en el futuro.  El Colegio de México, A.C.1998-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://estudioseconomicos.colmex.mx/index.php/economicos/article/view/24110.24201/ee.v13i1.241Estudios Económicos de El Colegio de México; 25-vol. 13, no. 1, january-june, 1998; 57-72Estudios Económicos de El Colegio de México; 25-vol. 13, núm. 1, enero-junio, 1998; 57-720186-72020188-6916reponame:Estudios Económicos de El Colegio de Méxicoinstname:EL COLEGIO DE MÉXICOinstacron:COLMEXenghttps://estudioseconomicos.colmex.mx/index.php/economicos/article/view/241/243Copyright (c) 2018 Estudios Económicosinfo:eu-repo/semantics/openAccessoai:oai.estudioseconomicos.colmex.mx:article/2412024-08-16T22:04:29Z
dc.title.none.fl_str_mv Macroeconometric modeling of saving and investment for Mercosur countries
Modelización macroeconométrica del ahorro y la inversión para los países del Mercosur
title Macroeconometric modeling of saving and investment for Mercosur countries
spellingShingle Macroeconometric modeling of saving and investment for Mercosur countries
Sinha, Tapen
Mercosur
macroeconomic crisis
econometrics
saving and investment
Mercosur
crisis macroeconómica
econometría
ahorro e inversión
title_short Macroeconometric modeling of saving and investment for Mercosur countries
title_full Macroeconometric modeling of saving and investment for Mercosur countries
title_fullStr Macroeconometric modeling of saving and investment for Mercosur countries
title_full_unstemmed Macroeconometric modeling of saving and investment for Mercosur countries
title_sort Macroeconometric modeling of saving and investment for Mercosur countries
dc.creator.none.fl_str_mv Sinha, Tapen
Sinha, Dipendra
author Sinha, Tapen
author_facet Sinha, Tapen
Sinha, Dipendra
author_role author
author2 Sinha, Dipendra
author2_role author
dc.subject.none.fl_str_mv Mercosur
macroeconomic crisis
econometrics
saving and investment
Mercosur
crisis macroeconómica
econometría
ahorro e inversión
topic Mercosur
macroeconomic crisis
econometrics
saving and investment
Mercosur
crisis macroeconómica
econometría
ahorro e inversión
description In the long run, the present value of current account balance cannot grow indefinitely large without precipitating in a macroeconomic crisis. This simple insight produces an econometrically testable relationship between saving and investment. We use data for four countries, which belong to the MERCOSUR Common Trade Agreement: Argentina Brazil Paraguay and Uruguay. The results indicate that there is no long run relationship between saving and investment in these countries. Thus MERCOSUR IS likely to act as a palliative against such a possibility in the future.
publishDate 1998
dc.date.none.fl_str_mv 1998-01-01
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/241
10.24201/ee.v13i1.241
url https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/241
identifier_str_mv 10.24201/ee.v13i1.241
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/241/243
dc.rights.none.fl_str_mv Copyright (c) 2018 Estudios Económicos
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2018 Estudios Económicos
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv El Colegio de México, A.C.
publisher.none.fl_str_mv El Colegio de México, A.C.
dc.source.none.fl_str_mv Estudios Económicos de El Colegio de México; 25-vol. 13, no. 1, january-june, 1998; 57-72
Estudios Económicos de El Colegio de México; 25-vol. 13, núm. 1, enero-junio, 1998; 57-72
0186-7202
0188-6916
reponame:Estudios Económicos de El Colegio de México
instname:EL COLEGIO DE MÉXICO
instacron:COLMEX
instname_str EL COLEGIO DE MÉXICO
instacron_str COLMEX
institution COLMEX
reponame_str Estudios Económicos de El Colegio de México
collection Estudios Económicos de El Colegio de México
repository.name.fl_str_mv
repository.mail.fl_str_mv
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