• Media type: Report; E-Book
  • Title: Measuring the "tailwind" in an emerging market economy: The case of Argentina
  • Contributor: Ocampo, Emilio [Author]
  • Published: Buenos Aires: Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA), 2016
  • Language: English
  • Keywords: economic policy ; push factors ; Argentina ; emerging markets ; tailwind
  • Origination:
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  • Description: This paper introduces an index that seeks to objectively measure the intensity of favorable external conditions that can lead to improved macroeconomic performance in Argentina. The country is a net exporter of commodities and a net importer of capital, therefore it benefits from rising prices in international commodity markets and the availability of low cost long-term capital. The index is partly based on the framework of "push" and "pull" factors developed in the early 1990s to explain international capital flows into emerging markets economies and my own experience as an international investment banker during the nineties.
  • Access State: Open Access