• Medientyp: E-Artikel
  • Titel: Efectos de la incertidumbre de los precios del petróleo en el crecimiento económico de México
  • Beteiligte: Rodríguez Benavides, Domingo [Verfasser:in]; López Herrera, Francisco [Verfasser:in]
  • Erschienen: Ciudad de México: Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía, 2019
  • Sprache: Spanisch
  • DOI: https://doi.org/10.22201/fe.01851667p.2019.309.70120
  • ISSN: 2594-2360
  • Schlagwörter: economic activity ; multivariate var-garch in-mean ; Mexico ; asymmetric effects ; C32 ; E32 ; Oil price volatility
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  • Beschreibung: We inquire whether the uncertainty of international oil prices affected Mexico's economic activity during 1983:2-2017:4. To measure such impact we use a bivariate structural vector autoregressive (VAR) model with a generalized autoregressive conditional heteroskedasticity (GARCH) in-mean process that captures the impact of oil price volatility on economic growth and gross fixed capital formation. Our results show that the said uncertainty has a negative influence on Mexico's economic activity. Further, they reveal the presence of asymmetric effects, as the output growth rate increases (decreases) after a negative (positive) oil price shock. These results highlight the importance of adopting public policies aimed at mitigating the effects of oil market uncertainty and help stabilize economic activity.
  • Zugangsstatus: Freier Zugang
  • Rechte-/Nutzungshinweise: Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND) Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND)