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Crecimiento endógeno y demanda agregada: un análisis de panel de la Unión Monetaria Europea

Author

Listed:
  • Ignacio Perrotini Hernández.

    (Facultad de Economía de la Universidad Nacional Autónoma de México.)

  • Heri Óscar Landa Díaz.

    (Facultad de Economía de la Universidad Nacional Autónoma de México.)

Abstract

El objetivo principal de este artículo es cuantificar la elasticidad de la tasa natural de crecimiento (gn) vis-à-vis las fluctuaciones de la demanda agregada de las economías que conforman la Unión Monetaria Europea. A tal efecto, se emplea un modelo de errores estándar corregidos para panel aplicado a datos de 18 países de la eurozona para el periodo 1980-2012. Los resultados sugieren que la gn comporta una elasticidad positiva –si bien distinta para cada país– respecto a la tasa de crecimiento observada del producto en el largo plazo. A la luz de estas estimaciones es posible evaluar los efectos de las políticas de deflación salarial y austeridad fiscal que el bce, la ce, el fmi y los mercados financieros han implementado en los países europeos que experimentan una crisis de deuda soberana.

Suggested Citation

  • Ignacio Perrotini Hernández. & Heri Óscar Landa Díaz., 2015. "Crecimiento endógeno y demanda agregada: un análisis de panel de la Unión Monetaria Europea," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 0(3), pages 83-113, Diciembre.
  • Handle: RePEc:ety:journl:v:especialvol.3:y:2015:i:3:p:83-113
    DOI: 10.24275/ETYPUAM/NE/E032015/Perrotini
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    More about this item

    Keywords

    banca central; crecimiento endógeno; euro; modelos de datos de panel; política fiscal; política monetaria.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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