通货膨胀对金融部门业绩的影响：来自面板分位数回归的新证据

IF 0.6 4区经济学 Q4 ECONOMICS

Investigacion Economica Pub Date : 2018-05-04 DOI:10.22201/FE.01851667P.2018.303.64156

Miguel Angel Tinoco Zermeño, F. Martínez, V. H. T. Preciado

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引用次数: 32

摘要

本文利用1980-2010年期间84个国家的数据，探讨了通货膨胀对金融发展条件分配的影响，这是一个相关文献未关注的问题。在我们的数据中，我们显示了固定效应的存在，拒绝了误差结构中的横截面依赖性，并证明了池性。我们的实证策略采用标准和固定效应分位数回归来证明通货膨胀的影响沿着有条件金融分布的分位数变化。一般来说，我们发现价格上涨对金融变量的影响始终是负的和非线性的;特别是，它在全样本国家中具有统计学意义，在发展中国家具有统计学意义，而在发达国家则不显著。

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Effects of inflation on financial sector performance: New evidence from panel quantile regressions

This paper explores the influence of inflation on the conditional distribution of financial development, an issue that has not received attention in related literature, with data from 84 countries covering the 1980-2010 period. In our data we show the presence of fixed effects, reject cross-sectional dependence in the error structure and justify poolability. Our empirical strategy employs standard and fixed-effects quantile regressions to demonstrate that the influence of inflation varies along the quantiles of the conditional finance distribution. In general, we find a consistently negative and nonlinear effect of price increases on financial variables; in particular, it is statistically significant in the full sample of countries, significant in developing countries, and insignificant in developed countries.

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来源期刊

Investigacion Economica ECONOMICS-

CiteScore

1.00

自引率

0.00%

发文量

期刊介绍： It is a specialized journal, bilingual (Spanish and English), plural and critical, which accepts and publishes scientific research articles in national and international economy. It is considered a public good that belongs to the University and society. Its vocation is to analyze the evolution of the theoretical and practical economics. In its pages the paradigms of economics, history of economic thought, the theories and debates about economic policy and its consequences, the diagnosis of the Mexican economy, the economic development of Latin America and the problems spread the world economy in general. It is a journal that does not discriminate plural none paradigm; theoretical orientation is unorthodox for epistemological reasons, not ideological preferences.