THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE

Detalhes bibliográficos
Autor(a) principal: Carvalho, Jaimilton V.
Data de Publicação: 2009
Outros Autores: Sachsida, Adolfo, Loureiro, Paulo R. A., Moreira, Tito Belchior S.
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10811
Resumo: The aim of this study is to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the Jan/1990 to Dec/2001 period, with the use of the rational expectation hypothesis. We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran, and Shin (1997). The econometric results indicate the rejection of UIR for the period under study, for the group comprised of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group comprised of Argentina, Chile, and Mexico for the Jan/1991 to Dec/2000 period.
id UFRGS-24_33836715d377643bee9ab0ea43225ffa
oai_identifier_str oai:seer.ufrgs.br:article/10811
network_acronym_str UFRGS-24
network_name_str Análise Econômica (Online)
repository_id_str
spelling THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCETHE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCEUncovered interest parity. Panel Data. Capital mobility. Unit root test.JEL ClassificationF00F21Paridade descoberta de juros. Panel Data. Mobilidade de capital. Teste de raízes unitárias.JEL ClassificationF00F21The aim of this study is to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the Jan/1990 to Dec/2001 period, with the use of the rational expectation hypothesis. We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran, and Shin (1997). The econometric results indicate the rejection of UIR for the period under study, for the group comprised of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group comprised of Argentina, Chile, and Mexico for the Jan/1991 to Dec/2000 period.A meta deste estudo é testar a paridade de juros descoberta para a Argentina, Brasil, Chile e México no período de Jan./1990 a Dez./2001, com o uso da hipótese de expectativas racionais. Pretende-se também avaliar o grau de mobilidade de capital estrangeiro nestas jurisdições políticas, usando estimativas de Panel Data, com testes de raízes unitárias propostas por Levin e Lin (1992), e Im, Pesaran, e Shin (1997). Os resultados econométricos indicam a rejeição da UIP, no período estudado, para o grupo formado pela Argentina, Brasil, Chile e México. Contudo, a hipótese da UIP não é rejeitada para o grupo da Argentina, Chile e México no período de Jan./91 a Dez./2000.UFRGS2009-10-13info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1081110.22456/2176-5456.10811Análise Econômica; Vol. 23 No. 43 (2005): março de 2005Análise Econômica; v. 23 n. 43 (2005): março de 20052176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10811/6421Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessCarvalho, Jaimilton V.Sachsida, AdolfoLoureiro, Paulo R. A.Moreira, Tito Belchior S.2019-08-29T12:40:21Zoai:seer.ufrgs.br:article/10811Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2019-08-29T12:40:21Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
title THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
spellingShingle THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
Carvalho, Jaimilton V.
Uncovered interest parity. Panel Data. Capital mobility. Unit root test.
JEL Classification
F00
F21
Paridade descoberta de juros. Panel Data. Mobilidade de capital. Teste de raízes unitárias.
JEL Classification
F00
F21
title_short THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
title_full THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
title_fullStr THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
title_full_unstemmed THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
title_sort THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
author Carvalho, Jaimilton V.
author_facet Carvalho, Jaimilton V.
Sachsida, Adolfo
Loureiro, Paulo R. A.
Moreira, Tito Belchior S.
author_role author
author2 Sachsida, Adolfo
Loureiro, Paulo R. A.
Moreira, Tito Belchior S.
author2_role author
author
author
dc.contributor.author.fl_str_mv Carvalho, Jaimilton V.
Sachsida, Adolfo
Loureiro, Paulo R. A.
Moreira, Tito Belchior S.
dc.subject.por.fl_str_mv Uncovered interest parity. Panel Data. Capital mobility. Unit root test.
JEL Classification
F00
F21
Paridade descoberta de juros. Panel Data. Mobilidade de capital. Teste de raízes unitárias.
JEL Classification
F00
F21
topic Uncovered interest parity. Panel Data. Capital mobility. Unit root test.
JEL Classification
F00
F21
Paridade descoberta de juros. Panel Data. Mobilidade de capital. Teste de raízes unitárias.
JEL Classification
F00
F21
description The aim of this study is to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the Jan/1990 to Dec/2001 period, with the use of the rational expectation hypothesis. We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran, and Shin (1997). The econometric results indicate the rejection of UIR for the period under study, for the group comprised of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group comprised of Argentina, Chile, and Mexico for the Jan/1991 to Dec/2000 period.
publishDate 2009
dc.date.none.fl_str_mv 2009-10-13
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10811
10.22456/2176-5456.10811
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10811
identifier_str_mv 10.22456/2176-5456.10811
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10811/6421
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 23 No. 43 (2005): março de 2005
Análise Econômica; v. 23 n. 43 (2005): março de 2005
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766266496417792