Efecto de remesas de trabajadores sobre reservas internacionales, crecimiento económico e índice de tipo de cambio real en Honduras

Abstract

The study analyses the effect of international remittances in Honduras on the Monthly Economic Activity Index (IMAE) as a proxy measure of economic growth, international reserves and the Effective Real Exchange Rate Index (Itcer). Using data from time series with monthly periodicity from December 2001 to December 2016, the model of Vector Autoregressive (VAR) is formulated and results are presented in the form graphs of the Impulse-Response Function (IRF). The finding shows negative responses from IMAE and Itcer and a positive response from international reserves in the medium term.