Relaciones entre mercados de petróleo y gas, mercados financieros y PIB en América del Norte

Relationships among oil and gas markets, financial markets and GDP in North America

Jesús Jonatan González-Martínez, Francisco Venegas-Martínez and María Teresa Verónica Martínez-Palacios

MPRA Paper from University Library of Munich, Germany

Abstract: Este trabajo tiene como objetivo investigar si las industrias de petróleo, gas natural y los mercados accionarios de los países que conforman América del Norte impactan el crecimiento económico de de la región. Para ello se especifican diversos modelos econométricos, VAR para efectos de corto plazo, test de cointegración para efectos de largo plazo, causalidad de granger y análisis de impulso respuesta. Los hallazgos empíricos muestran evidencia de que las industrias de petróleo y gas, así como los mercados bursátiles impactan positiva y significativamente la tasa de crecimiento de los todos los países que conforman el Tratado de libre comercio de América del Norte. // This work aims to investigate whether the oil, natural gas industries, and stock markets of the countries that make up North America impact the economic growth of the region. For this, various econometric models are specified, VAR for short-term effects, cointegration test for long-term effects, Granger causality and impulse response analysis. Empirical findings show evidence that the oil and gas industries, as well as stock markets, positively and significantly impact the growth rate of all countries that make up the North American Free Trade Agreement.

Keywords: crecimiento económico; petróleo; gas natural; mercado accionario; sector energético; América del Norte // economic growth; oil; natural gas; stock market; energy sector; North America. (search for similar items in EconPapers)
JEL-codes: F43 (search for similar items in EconPapers)
Date: 2024-02-10
New Economics Papers: this item is included in nep-ene
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