Efectos de los choques petroleros sobre las economías de Centroamérica y la República Dominicana

Carlos Guerrero-de-Lizardi and Carlos Urzúa

No 2007-01, EGAP Working Papers from Tecnológico de Monterrey, Campus Ciudad de México

Abstract: This document analyzes the effects of recent oil shocks on the economies of Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. The general results are as follows. First, oil demand responded elastically to economic activity, and was almost perfectly inelastic to its relative price. Second, statistical analysis suggests that in most cases oil shocks affected economic activity negatively, and pushed prices up. And third, after the increases in the oil price, the corresponding monetary policies tended to be restrictive.

Keywords: Guatemala; Salvador; Honduras; Nicaragua; Costa Rica; Dominicana; choques petroleros; inflación; petróleo; consumo; hidrocarburos; oil shocks; oil demand; inflation; VAR models (search for similar items in EconPapers)
JEL-codes: O54 Q31 Q38 (search for similar items in EconPapers)
Date: 2006-09
New Economics Papers: this item is included in nep-ene
References: Add references at CitEc
Citations:

Downloads: (external link)
http://alejandria.ccm.itesm.mx/egap/documentos/EGAP-2007-01.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to alejandria.ccm.itesm.mx:80 (No such host is known. )

Related works:
Working Paper: Efectos de los choques petroleros sobre las economías de Centroamérica y la República Dominicana (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ega:docume:200701

Access Statistics for this paper

More papers in EGAP Working Papers from Tecnológico de Monterrey, Campus Ciudad de México Contact information at EDIRC.
Bibliographic data for series maintained by Amaranta Arroyo ( this e-mail address is bad, please contact ).