THE UIP HYPOTHESIS FOR ARGENTINA, BRAZIL, CHILE AND MEXICO WITH THE USE OF THE RATIONAL EXPECTATION HYPOTHESIS: NEW EMPIRICAL EVIDENCE
Autor(a) principal: | |
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Data de Publicação: | 2009 |
Outros Autores: | , , |
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. |
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Análise Econômica (Online) |
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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 |
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1799766266496417792 |