Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic
This paper studies the relationship between the exchange rate and the price level in regional settings for the Argentine Republic. It is considered that exchange rate fluctuations have a dissimilar influence on the price indices faced by the six regions that form the Argentine territory, according...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2021
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/12333 |
| _version_ | 1801705965818478592 |
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| author | Pizarro Levi, Ernesto Gabriel |
| author_facet | Pizarro Levi, Ernesto Gabriel |
| author_sort | Pizarro Levi, Ernesto Gabriel |
| collection | OJS |
| description | This paper studies the relationship between the exchange rate and the price level in regional settings for the Argentine Republic. It is considered that exchange rate fluctuations have a dissimilar influence on the price indices faced by the six regions that form the Argentine territory, according to the classification of the National Institute of Statistics and Census (INDEC, by its acronym in Spanish). The exchange rate, the national consumer price index and the consumer price indices of each region are used as variables. The empirical analysis is carried out using descriptive statistics and the application of econometric methods of cointegration and common cycles in order to know the correspondence between the variables both in the short and long term. The results show that exchange rate variations influence in different ways the prices of the different regions that make up the Argentine Republic. Likewise, there are significant differences between the results obtained at the national level and for each region both in the short and long term. The latter suggests the existence of particular regional heterogeneities that imply different effects of the exchange rate on prices throughout the country. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-12333 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2021 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-123332023-08-17T00:16:01Z Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic Tipo de cambio, nivel de precios y divergencias: un análisis regional para la República Argentina Pizarro Levi, Ernesto Gabriel índice de precios tipo de cambio regiones Argentina análisis regional ciclos comunes cointegración price index exchange rate regions Argentina regional analysis common cycles cointegration This paper studies the relationship between the exchange rate and the price level in regional settings for the Argentine Republic. It is considered that exchange rate fluctuations have a dissimilar influence on the price indices faced by the six regions that form the Argentine territory, according to the classification of the National Institute of Statistics and Census (INDEC, by its acronym in Spanish). The exchange rate, the national consumer price index and the consumer price indices of each region are used as variables. The empirical analysis is carried out using descriptive statistics and the application of econometric methods of cointegration and common cycles in order to know the correspondence between the variables both in the short and long term. The results show that exchange rate variations influence in different ways the prices of the different regions that make up the Argentine Republic. Likewise, there are significant differences between the results obtained at the national level and for each region both in the short and long term. The latter suggests the existence of particular regional heterogeneities that imply different effects of the exchange rate on prices throughout the country. El presente artículo estudia la relación existente entre el tipo de cambio y el nivel de precios en instancias regionales para la República Argentina. Se considera que las fluctuaciones del tipo de cambio influyen de manera disímil sobre los índices de precios a los que se enfrentan las seis regiones que componen el territorio argentino, según la clasificación del Instituto Nacional de Estadísticas y Censos (INDEC). Se utilizan como variables el tipo de cambio, el índice de precios al consumidor nacional y los índices de precios al consumidor de cada región. El análisis empírico se efectúa mediante el uso de estadísticas descriptivas y la aplicación de los métodos econométricos de cointegración y de ciclos comunes con el fin de conocer la correspondencia existente entre las variables tanto a corto como a largo plazo. Los resultados expresan que las variaciones cambiarias influyen de diversas maneras sobre los precios de las diferentes regiones que integran la República Argentina. Igualmente, se observan diferencias significativas entre los resultados obtenidos a nivel nacional y para cada región a corto y a largo plazo. Esto último sugiere la existencia de heterogeneidades regionales particulares que implican distintos efectos del tipo de cambio sobre los precios a lo largo y ancho del país. Universidad Pedagógica y Tecnológica de Colombia 2021-07-25 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/12333 10.19053/01203053.v40.n72.2021.12333 Apuntes del Cenes; Vol. 40 No. 72 (2021); 87-114 Apuntes del Cenes; Vol. 40 Núm. 72 (2021); 87-114 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/12333/10955 https://revistas.uptc.edu.co/index.php/cenes/article/view/12333/13286 Copyright (c) 2021 Ernesto Gabriel Pizarro Levi http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | índice de precios tipo de cambio regiones Argentina análisis regional ciclos comunes cointegración price index exchange rate regions Argentina regional analysis common cycles cointegration Pizarro Levi, Ernesto Gabriel Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title | Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title_alt | Tipo de cambio, nivel de precios y divergencias: un análisis regional para la República Argentina |
| title_full | Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title_fullStr | Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title_full_unstemmed | Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title_short | Exchange Rate, Price Level and Divergences: A Regional Analysis for the Argentine Republic |
| title_sort | exchange rate price level and divergences a regional analysis for the argentine republic |
| topic | índice de precios tipo de cambio regiones Argentina análisis regional ciclos comunes cointegración price index exchange rate regions Argentina regional analysis common cycles cointegration |
| topic_facet | índice de precios tipo de cambio regiones Argentina análisis regional ciclos comunes cointegración price index exchange rate regions Argentina regional analysis common cycles cointegration |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/12333 |
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