发布求助
文献互助 智能选刊 最新文献

Ecos de Economia最新文献

筛选
英文 中文
Pricing Process in Mexico: New Evidence on the Inflation Dynamics 墨西哥的定价过程:通货膨胀动态的新证据
Ecos de Economia Pub Date : 2022-03-02 DOI: 10.17230/ecos.2021.52.1
Eduardo Gilberto Loría Díaz de Guzmán, Gustavo Javier Valdez Bonecchi, Mario Alberto Robles Juárez
{"title":"Pricing Process in Mexico: New Evidence on the Inflation Dynamics","authors":"Eduardo Gilberto Loría Díaz de Guzmán, Gustavo Javier Valdez Bonecchi, Mario Alberto Robles Juárez","doi":"10.17230/ecos.2021.52.1","DOIUrl":"https://doi.org/10.17230/ecos.2021.52.1","url":null,"abstract":"We analyze the inflation dynamics in Mexico during inflation targeting period by a GMM estimate of the Hybrid New Keynesian Phillips Curve in its open and closed economy versions. We update and discuss previous results and expand the capacity of this tool to analyze inflationary dynamics by incorporating the exchange rate on labor costs. We find: a) robust evidence of adaptive and rational expectations; b) incorporating the exchange rate improves the inflation fit; c) this version of the Phillips Curve has strengthened since Great Recession, and e) expectations formation process changes during inflationary episodes according to the origin of shocks.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43258980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Determinantes de la estructura de capital en la industria química colombiana 哥伦比亚化学工业资本结构的决定因素
Ecos de Economia Pub Date : 2021-06-01 DOI: 10.17230/ECOS.2020.51.2
Cristian Andrés Echeverri Castaño, Javier Esteban Rangel Ortega
{"title":"Determinantes de la estructura de capital en la industria química colombiana","authors":"Cristian Andrés Echeverri Castaño, Javier Esteban Rangel Ortega","doi":"10.17230/ECOS.2020.51.2","DOIUrl":"https://doi.org/10.17230/ECOS.2020.51.2","url":null,"abstract":"El objetivo de este estudio fue encontrar los determinantes de la estructura de capital en las empresas del sector químico colombiano. Para ello se tomaron datos anuales de 233 firmas en el período comprendido entre 2009 y 2018, lo que permitió construir un panel desbalanceado con 1980 observaciones. Los resultados demuestran que la rentabilidad, el crecimiento, el tamaño y la liquidez son determinantes en la decisión de estructura de capital de las firmas del sector químico en Colombia.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"24 1","pages":"29-54"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43862619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Firm Capabilities and Growth Strategies: The Moderating Role of Institutional Factors 企业能力与成长战略：制度因素的调节作用
Ecos de Economia Pub Date : 2020-12-18 DOI: 10.5465/AMBPP.2016.17312ABSTRACT
Gerardo Velasco-Gutiérrez, M. Montoya, Margarita Orozco, Joan-Lluís Capelleras
{"title":"Firm Capabilities and Growth Strategies: The Moderating Role of Institutional Factors","authors":"Gerardo Velasco-Gutiérrez, M. Montoya, Margarita Orozco, Joan-Lluís Capelleras","doi":"10.5465/AMBPP.2016.17312ABSTRACT","DOIUrl":"https://doi.org/10.5465/AMBPP.2016.17312ABSTRACT","url":null,"abstract":"Building on Resource-Based View (RBV) and Institutional Theory (IT), we decided to study the internal and external factors that affect the choice between different growth strategies in small and medium enterprises (SMEs) in an emerging economy. We started identifying that there is a direct relationship between technological resources and an organic growth strategy, financial resources and an acquisitive growth strategy, and networking capabilities and a hybrid growth strategy. We argue that the intensity of these relations is moderated by institutional factors, such as a country’s intellectual property protections (for organic strategies), credit access (for acquisitive strategies), and trust in the business environment (for hybrid strategies). We based our findings on 450 face-to-face surveys with CEOs from firms in the Electronic Technology, Information, and Communication Sector (ETICS) in Mexico. Managerial implications are also discussed in the paper, as well as future avenues of research.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41322710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Análisis de cierre empresarial en el sector manufacturero de Ecuador, periodo 1901 - 2018 1901 - 2018年厄瓜多尔制造业关闭分析
Ecos de Economia Pub Date : 2020-12-04 DOI: 10.17230/ECOS.2020.50.3
Iván Orellana Osorio, Luis Pinos Luzuriaga, L. T. Ordóñez, Marco Reyes Clavijo, Estefanía Cevallos Rodríguez
{"title":"Análisis de cierre empresarial en el sector manufacturero de Ecuador, periodo 1901 - 2018","authors":"Iván Orellana Osorio, Luis Pinos Luzuriaga, L. T. Ordóñez, Marco Reyes Clavijo, Estefanía Cevallos Rodríguez","doi":"10.17230/ECOS.2020.50.3","DOIUrl":"https://doi.org/10.17230/ECOS.2020.50.3","url":null,"abstract":"La dinámica empresarial del sector de manufactura de Ecuador se abordó a través del estudio de la demografía empresarial de 118 años. Para el cálculo de probabilidades de supervivencia se realizó una tabla de mortalidad. El 37,74 % de las empresas se mantienen activas, el 89,07 % de las cerradas son micro y pequeñas empresas. La probabilidad de que una empresa recién creada cierre sus actividades en un periodo menor o igual a tres años es del 4 % y la esperanza de vida de una empresa recién creada es de 14,27 años.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"24 1","pages":"45-79"},"PeriodicalIF":0.0,"publicationDate":"2020-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41550548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Are the effects of market concentration and income diversification on banking performance persistent? 市场集中和收入多元化对银行业绩的影响是否持续？
Ecos de Economia Pub Date : 2020-09-08 DOI: 10.17230/ecos.2020.50.2
J. A. Muñoz Mendoza, S. M. Sepúlveda Yelpo, C. L. Veloso Ramos, C. D. Delgado Fuentealba
{"title":"Are the effects of market concentration and income diversification on banking performance persistent?","authors":"J. A. Muñoz Mendoza, S. M. Sepúlveda Yelpo, C. L. Veloso Ramos, C. D. Delgado Fuentealba","doi":"10.17230/ecos.2020.50.2","DOIUrl":"https://doi.org/10.17230/ecos.2020.50.2","url":null,"abstract":"We analyze the effects of market concentration and income diversification on banking performance. We used a sample of 134 countries for the period 1994-2011 and used the GMM estimator proposed by Arellano and Bover (1995). Our results show that market concentration and income diversification have a positive and non-linear effect on bank performance. The non-linearity suggests that the positive effect is reversed if the banking industry has high levels of market concentration and income diversification. During an economic crisis, the banking industry reduces diversification to support its performance. These results are relevant for the design of financial policy and banking strategies.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45638055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Riesgo de Crédito, Costo del Capital y Apalancamiento Financiero Excesivo 信贷风险、资本成本和过度财务杠杆
Ecos de Economia Pub Date : 2020-02-28 DOI: 10.17230/ecos.2019.49.3
Juan Carlos Gutiérrez Betancur, David Mejía Kambourova, Laura Gómez Cardeño
{"title":"Riesgo de Crédito, Costo del Capital y Apalancamiento Financiero Excesivo","authors":"Juan Carlos Gutiérrez Betancur, David Mejía Kambourova, Laura Gómez Cardeño","doi":"10.17230/ecos.2019.49.3","DOIUrl":"https://doi.org/10.17230/ecos.2019.49.3","url":null,"abstract":"Convencionalmente, los métodos de valoración de empresas no suelen incorporar explícitamente los efectos que podrían tener los probables costos de quiebra de la firma sobre el costo del capital. Hacer esto introduce una prueba de estrés en la estimación de la tasa de descuento, que puede ser muy relevante para la valoración justa de empresas excesivamente apalancadas transadas en bolsa. En este sentido, el propósito de este artículo consiste en evidenciar la vulnerabilidad financiera resultante para este tipo de firmas al ajustar explícitamente por riesgo de quiebra el costo del capital, y resaltar sus implicaciones para el mercado de deuda bursátil y bancaria, partiendo de un análisis comparativo entre tres métodos alternativos de cálculo del costo promedio de capital: costo promedio ponderado del capital clásico sin riesgo de incumplimiento, costo promedio ponderado del capital con costo de la deuda esperado ajustado internamente por riesgo de incumplimiento y costo promedio ponderado del capital con costo de la deuda ajustado externamente por riesgo de incumplimiento.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"23 1","pages":"45-70"},"PeriodicalIF":0.0,"publicationDate":"2020-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42275428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Mexico’s Finance-Growth Nexus with Trade Openness, FDI and Portfolio Investment: Evidence from VECM Cointegration Analysis 贸易开放、FDI和证券投资对墨西哥金融增长关系的影响:来自VECM协整分析的证据
Ecos de Economia Pub Date : 2020-02-28 DOI: 10.17230/ecos.2019.49.2
Takashi Fukuda
{"title":"Mexico’s Finance-Growth Nexus with Trade Openness, FDI and Portfolio Investment: Evidence from VECM Cointegration Analysis","authors":"Takashi Fukuda","doi":"10.17230/ecos.2019.49.2","DOIUrl":"https://doi.org/10.17230/ecos.2019.49.2","url":null,"abstract":"This study investigates Mexico’s finance-growth nexus by controlling the “globalization” variables of trade openness, foreign direct investment (FDI) and portfolio investment together with the structural break dummy. Financial development is proxied by tw","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"23 1","pages":"29-44"},"PeriodicalIF":0.0,"publicationDate":"2020-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49052323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Gasto municipal en educación y su efecto en la distribución de ingresos a nivel local en Chile 智利市政教育支出及其对地方一级收入分配的影响
Ecos de Economia Pub Date : 2020-02-28 DOI: 10.17230/ecos.2019.49.1
Felipe M. Gutiérrez-Garrido, Andrés A. Acuña-Duarte
{"title":"Gasto municipal en educación y su efecto en la distribución de ingresos a nivel local en Chile","authors":"Felipe M. Gutiérrez-Garrido, Andrés A. Acuña-Duarte","doi":"10.17230/ecos.2019.49.1","DOIUrl":"https://doi.org/10.17230/ecos.2019.49.1","url":null,"abstract":"La presente investigación analiza el efecto del gasto público municipal per cápita en educación sobre la desigualdad en la distribución de ingresos autónomos para las comunas de Chile, siendo esta última medida mediante los índices de Gini y Theil y los indicadores 10/10 y 20/20. El estudio longitudinal considera 307 comunas en la estimación de modelos Probit de respuesta fraccional para el coeficiente de Gini y Tobit con efectos aleatorios para los restantes indicadores de desigualdad. Los principales hallazgos indican que aumentos en el nivel de gasto en educación per cápita reducirían la desigualdad de ingresos en las comunas de Chile. Adicionalmente, las estimaciones muestran que este efecto negativo no es inmediato, sino que tardaría entre 3 a 5 años en reducir la desigualdad comunal. Finalmente, la evidencia sugiere que la población indígena chilena estaría expuesta a una mayor desigualdad, cuando esta es medida a través del índice de Theil.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67418812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Análisis econométrico de la paridad del poder de compra en Perú 秘鲁购买力平价的计量经济学分析
Ecos de Economia Pub Date : 2020-01-01 DOI: 10.17230/ecos.2020.50.1
Luis Francisco Laurente Blanco, Froylan Machaca Hancco
{"title":"Análisis econométrico de la paridad del poder de compra en Perú","authors":"Luis Francisco Laurente Blanco, Froylan Machaca Hancco","doi":"10.17230/ecos.2020.50.1","DOIUrl":"https://doi.org/10.17230/ecos.2020.50.1","url":null,"abstract":"Perú es una economía pequeña y abierta al mundo dependiente en gran medida de las transacciones con sus socios comerciales que la exponen a shocks externos como la crisis financiera del año 2008 o el shock de tasas de interés de 2006 que afectaron directamente el comportamiento del tipo de cambio. Por tanto, el objetivo de la presente investigación fue contrastar la validez de la paridad del poder de compra entre Perú y Estados Unidos en el período 2000-2019, a partir de las formas funcionales de la ecuación de paridad en sus formas absoluta y relativa. Para el análisis de contraste de relaciones de cointegración se empleó la metodología de Johansen; para el cálculo de los parámetros de largo plazo, la estimación de modelos de vectores autorregresivos. Los resultados revelan que no se cumple la hipótesis de la paridad del poder de compra para el sol peruano ni para el dólar estadounidense en ninguna de sus formas funcionales planteadas. Esto se debe a que los parámetros estimados para la paridad absoluta y para la relativa son diferentes de la unidad, lo que rechaza así la hipótesis de eficiencia de mercados en el largo plazo tanto para el Perú como para Estados Unidos.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"24 1","pages":"4-24"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67419162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Competition, market concentration and innovation in Ecuador 厄瓜多尔的竞争、市场集中度和创新
Ecos de Economia Pub Date : 2019-11-18 DOI: 10.17230/ecos.2019.48.2
Hector Alberto Botello, Isaac Guerrero Rincón
{"title":"Competition, market concentration and innovation in Ecuador","authors":"Hector Alberto Botello, Isaac Guerrero Rincón","doi":"10.17230/ecos.2019.48.2","DOIUrl":"https://doi.org/10.17230/ecos.2019.48.2","url":null,"abstract":"The objective is to determine how market concentration affects firms’ decisions to innovate. With company-level data l from the 2010 Ecuadorian economic census , a probabilistic/linear model was calculated with correction for selection bias. Ecuadorian companies have a limited innovation capability and there is a persistence in market concentration. The estimates confirm the theory of market power in the propensity to innovate for both models. Consequently, increased market share leads to an increase in the likelihood of innovation, thanks to the ability to exploit the gains from these processes.","PeriodicalId":40682,"journal":{"name":"Ecos de Economia","volume":"23 1","pages":"16-33"},"PeriodicalIF":0.0,"publicationDate":"2019-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44049078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信