Sincronización En América Latina (Synchronization in Latin America)

27 Pages Posted: 28 Feb 2014

See all articles by Alvaro Hurtado

Alvaro Hurtado

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF)

Ana Patiño Restrepo

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF)

Germán Héctor González

Republic of Argentina - Instituto de Investigaciones Económicas y Sociales del Sur; National University of the South - Department of Economics

Date Written: September 3, 2012

Abstract

Spanish Abstract: La integración económica se encuentra reflejada en los crecientes intercambios de bienes, de capital financiero e inversión extranjera directa, hechos que han ocasionado una mayor sincronización de los ciclos económicos a nivel mundial. El artículo se introduce en el estudio de la sincronicidad económica en América Latina siguiendo la literatura existente con el objeto de acoplar nueva evidencia. El marco de referencia es el Área de Libre Comercio de las Américas (ALCA) debido a su relevancia histórica y sus posibilidades a partir de 2012. Se concluye que aunque se observaron algunas relaciones importantes, no se detecta la existencia de un ciclo común que invite a pensar en la existencia de sincronización plena.

English Abstract: The economic integration is reflected in growing trade in goods, financial movements and foreign direct investment, events that have led to greater synchronization of business cycles worldwide. We study the economic synchronicity in Latin America following the methodology of previous literature in order to attach new evidence. The frame of reference is the Free Trade Area of the Americas (FTAA) because of its historical relevance and its possibilities beyond 2012. We conclude that although there were some important relationships, we not detected the existence of a common cycle to invite suggests the existence of full synchronization.

Note: Downloadable document is in Spanish.

Keywords: Growth, Business Cycle, Synchronization

JEL Classification: E32, E39

Suggested Citation

Hurtado, Alvaro and Patiño Restrepo, Ana and González, Germán Héctor, Sincronización En América Latina (Synchronization in Latin America) (September 3, 2012). Center for Research in Economics and Finance (CIEF), Working Papers, No. 12-8, Available at SSRN: https://ssrn.com/abstract=2401989 or http://dx.doi.org/10.2139/ssrn.2401989

Alvaro Hurtado (Contact Author)

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Bogotá
Colombia

Ana Patiño Restrepo

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Bogotá
Colombia

Germán Héctor González

Republic of Argentina - Instituto de Investigaciones Económicas y Sociales del Sur

San Andrés 800
Bahía Blanca, Buenos Aires D8000CTX
Argentina

National University of the South - Department of Economics ( email )

San Andrés 800
Bahía Blanca, Buenos Aires D8000CTX
Argentina

HOME PAGE: http://www.uns.edu.ar

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