INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES

Detalhes bibliográficos
Autor(a) principal: Torres, Daniela Almeida Raposo
Data de Publicação: 2015
Outros Autores: Resende, Marco Flávio da Cunha
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/37166
Resumo: This paper consists of empirical research on the relevance of international liquidity in determining investment. Particularly, we tests if  international liquidity effects on investment in developed countries is different from those in developing ones, where National Innovation System (SI) is not relatively developed. The analysis is done by an econometric estimation using the panel corrected standard errors (PCSE) method, which is adequate to deal with panel data. This model presents theoretical background as the post Keynesian approach. The results confirm that in developing economies fluctuations in investment are more dependent on international liquidity cycle when compared to developed countries.
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spelling INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIESLIQUIDEZ INTERNACIONAL E FORMAÇÃO BRUTA DE CAPITAL FIXO: EVIDÊNCIAS ECONOMÉTRICAS PARA AS ECONOMIAS DESENVOLVIDAS E EM DESENVOLVIMENTOLiquidez internacionalSistema nacional de inovaçõesInvestimento.O40O43International liquidityNational innovation systemInvestment.O40O43.This paper consists of empirical research on the relevance of international liquidity in determining investment. Particularly, we tests if  international liquidity effects on investment in developed countries is different from those in developing ones, where National Innovation System (SI) is not relatively developed. The analysis is done by an econometric estimation using the panel corrected standard errors (PCSE) method, which is adequate to deal with panel data. This model presents theoretical background as the post Keynesian approach. The results confirm that in developing economies fluctuations in investment are more dependent on international liquidity cycle when compared to developed countries.O objetivo deste artigo consiste em realizar uma investigação empírica sobre a relevância da liquidez internacional na determinação do investimento. Particularmente, é investigado se os efeitos das oscilações da liquidez internacional sobre o investimento são distintos quando se considera o grupo das economias desenvolvidas e o grupo das economias em desenvolvimento, cujo sistema nacional de inovação (SI) apresenta menor desenvolvimento relativo. Tal análise é realizada com base na estimação de um modelo de investimento com dados em painel, segundo o método panel corrected standard errors (PCSE). Esse modelo apresenta como substrato teórico a abordagem pós-keynesiana. Os resultados confirmam que, nas economias em desenvolvimento, as oscilações do investimento são mais aderentes às variações da liquidez internacional do que nas economias desenvolvidas.UFRGS2015-03-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/3716610.22456/2176-5456.37166Análise Econômica; Vol. 33 No. 63 (2015): março de 2015Análise Econômica; v. 33 n. 63 (2015): março de 20152176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/37166/33361Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessTorres, Daniela Almeida RaposoResende, Marco Flávio da Cunha2015-05-04T22:13:45Zoai:seer.ufrgs.br:article/37166Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2015-05-04T22:13:45Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
LIQUIDEZ INTERNACIONAL E FORMAÇÃO BRUTA DE CAPITAL FIXO: EVIDÊNCIAS ECONOMÉTRICAS PARA AS ECONOMIAS DESENVOLVIDAS E EM DESENVOLVIMENTO
title INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
spellingShingle INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
Torres, Daniela Almeida Raposo
Liquidez internacional
Sistema nacional de inovações
Investimento.
O40
O43
International liquidity
National innovation system
Investment.
O40
O43.
title_short INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
title_full INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
title_fullStr INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
title_full_unstemmed INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
title_sort INTERNATIONAL LIQUIDITY AND GROSS FIXED CAPITAL FORMATION: ECONOMETRIC EVIDENCE FOR DEVELOPED AND DEVELOPING ECONOMIES
author Torres, Daniela Almeida Raposo
author_facet Torres, Daniela Almeida Raposo
Resende, Marco Flávio da Cunha
author_role author
author2 Resende, Marco Flávio da Cunha
author2_role author
dc.contributor.author.fl_str_mv Torres, Daniela Almeida Raposo
Resende, Marco Flávio da Cunha
dc.subject.por.fl_str_mv Liquidez internacional
Sistema nacional de inovações
Investimento.
O40
O43
International liquidity
National innovation system
Investment.
O40
O43.
topic Liquidez internacional
Sistema nacional de inovações
Investimento.
O40
O43
International liquidity
National innovation system
Investment.
O40
O43.
description This paper consists of empirical research on the relevance of international liquidity in determining investment. Particularly, we tests if  international liquidity effects on investment in developed countries is different from those in developing ones, where National Innovation System (SI) is not relatively developed. The analysis is done by an econometric estimation using the panel corrected standard errors (PCSE) method, which is adequate to deal with panel data. This model presents theoretical background as the post Keynesian approach. The results confirm that in developing economies fluctuations in investment are more dependent on international liquidity cycle when compared to developed countries.
publishDate 2015
dc.date.none.fl_str_mv 2015-03-31
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/37166
10.22456/2176-5456.37166
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/37166
identifier_str_mv 10.22456/2176-5456.37166
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/37166/33361
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. 33 No. 63 (2015): março de 2015
Análise Econômica; v. 33 n. 63 (2015): março de 2015
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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