Paradoja Feldstein-Horioka: el caso de México (1950-2007)
The Feldstein-Horioka Paradox is an empirical regularity that calls into question the validity of the assumption about perfect capital mobility. We study the savings-investment relationship in Mexico from 1950 to 2007 by means of a cointegration analysis that allows for structural breaks. The result...
| Autores principales: | , , |
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| Formato: | Online |
| Idioma: | espanhol |
| Editor: |
El Colegio de México, A.C.
2011
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| Acesso em linha: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/97 |
| Recursos: |
Estudios Económicos |
| authentication_code | dc |
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| _version_ | 1844256665062342656 |
| author | Alcalá Ríos, Víctor Hugo Gómez Zaldívar, Manuel Ventosa Santaulária, Daniel |
| author_facet | Alcalá Ríos, Víctor Hugo Gómez Zaldívar, Manuel Ventosa Santaulária, Daniel |
| author_sort | Alcalá Ríos, Víctor Hugo |
| category_str_mv |
"Bolivia", "hyperinflation", "economic crisis", "Bolivia", "hiperinflación", "crisis económica"
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| collection | OJS |
| description | The Feldstein-Horioka Paradox is an empirical regularity that calls into question the validity of the assumption about perfect capital mobility. We study the savings-investment relationship in Mexico from 1950 to 2007 by means of a cointegration analysis that allows for structural breaks. The results suggest that there was not capital mobility until 1982. This coincides with the international debt crisis and is in the midst of the liberalization process of the capital flows. Evidence suggests that there was a strong savings-investment relationship until 1982, but it weakened afterwards. This evidence is contrary to the aforementioned Paradox. |
| format | Online |
| id | oai:oai.estudioseconomicos.colmex.mx:article-97 |
| index_str_mv | CONAHCYT LATINDEX PKP Index DORA Redalyc Scielo México Handbook of Latin American Studies (HLAS) JSTOR Dialnet HAPI Ulrich’s International Periodicals Directory Google Scholar IBSS Gale OneFile: Informe Académico Global Issues in Context InfoTracCustom Cengage Learning EconLit Índice bibliográfico Publindex RePEc The Journal of Economic Literature |
| journal | Estudios Económicos |
| language | spa |
| publishDate | 2011 |
| publisher | El Colegio de México, A.C. |
| record_format | ojs |
| Terms_governing_use_and_reproduction_note | Copyright (c) 2018 Estudios Económicos |
| data_source_entry/ISSN | Estudios Económicos de El Colegio de México; 52-vol. 26, no. 2, july-december, 2011; 293-313 Estudios Económicos de El Colegio de México; 52-vol. 26, núm. 2, julio-diciembre, 2011; 293-313 0186-7202 0188-6916 |
| spelling | oai:oai.estudioseconomicos.colmex.mx:article-972023-02-20T23:13:42Z Feldstein-Horioka Paradox: The case of Mexico (1950-2007) Paradoja Feldstein-Horioka: el caso de México (1950-2007) Alcalá Ríos, Víctor Hugo Gómez Zaldívar, Manuel Ventosa Santaulária, Daniel Feldstein-Horioka Paradox cointegration structural changes C12 C22 F21 F32 Paradoja Feldstein-Horioka cointegración cambios estructurales C12 C22 F21 F32 The Feldstein-Horioka Paradox is an empirical regularity that calls into question the validity of the assumption about perfect capital mobility. We study the savings-investment relationship in Mexico from 1950 to 2007 by means of a cointegration analysis that allows for structural breaks. The results suggest that there was not capital mobility until 1982. This coincides with the international debt crisis and is in the midst of the liberalization process of the capital flows. Evidence suggests that there was a strong savings-investment relationship until 1982, but it weakened afterwards. This evidence is contrary to the aforementioned Paradox. La Paradoja de Felstein-Horioka es una regularidad empírica que pone en duda la validez del supuesto sobre perfecta movilidad del capital. Estudiamos la relación ahorro-inversión en México de 1950 a 2007 mediante métodos de cointegración con cambios estructurales. Los resultados indican que no había movilidad del capital hasta 1982; ello coincide con la crisis internacional de la deuda y queda en medio de la liberalización de los flujos de capital. La evidencia sugiere que existía una relación ahorro-inversión estrecha antes de 1983, pero que después perdió importancia. Lo anterior es evidencia contraria a la Paradoja. El Colegio de México, A.C. 2011-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/97 10.24201/ee.v26i2.97 Estudios Económicos de El Colegio de México; 52-vol. 26, no. 2, july-december, 2011; 293-313 Estudios Económicos de El Colegio de México; 52-vol. 26, núm. 2, julio-diciembre, 2011; 293-313 0186-7202 0188-6916 spa https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/97/99 Copyright (c) 2018 Estudios Económicos |
| spellingShingle | Feldstein-Horioka Paradox cointegration structural changes C12 C22 F21 F32 Paradoja Feldstein-Horioka cointegración cambios estructurales C12 C22 F21 F32 Alcalá Ríos, Víctor Hugo Gómez Zaldívar, Manuel Ventosa Santaulária, Daniel Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title | Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title_alt | Feldstein-Horioka Paradox: The case of Mexico (1950-2007) |
| title_full | Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title_fullStr | Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title_full_unstemmed | Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title_short | Paradoja Feldstein-Horioka: el caso de México (1950-2007) |
| title_sort | paradoja feldstein horioka el caso de mexico 1950 2007 |
| topic | Feldstein-Horioka Paradox cointegration structural changes C12 C22 F21 F32 Paradoja Feldstein-Horioka cointegración cambios estructurales C12 C22 F21 F32 |
| topic_facet | Feldstein-Horioka Paradox cointegration structural changes C12 C22 F21 F32 Paradoja Feldstein-Horioka cointegración cambios estructurales C12 C22 F21 F32 |
| url | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/97 |
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